Central bank tools and liquidity shortages

Stephen Cecchetti and Piti Disyatat

Economic Policy Review, 2010, vol. 16, issue Aug, 29-42

Abstract: Bank for International Settlements researchers Stephen Cecchetti and Piti Disyatat consider the implications of recent financial developments for the ?lender-of-last-resort? function of central banks and whether traditional policymaking tools remain effective in the face of modern liquidity crises. Presented at \\"Central Bank Liquidity Tools and Perspectives on Regulatory Reform\\" a conference sponsored by the Federal Reserve Bank of New York, February 19-20, 2009.

Keywords: Bank liquidity; Systemic risk; Financial crises; Liquidity (Economics); Banks and banking, Central; Bank reserves (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (32)

Downloads: (external link)
https://www.newyorkfed.org/medialibrary/media/research/epr/10v16n1/1008cecc.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fednep:y:2010:i:aug:p:29-42:n:v.16no.1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Policy Review from Federal Reserve Bank of New York Contact information at EDIRC.
Bibliographic data for series maintained by Gabriella Bucciarelli ().