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Point sur la fourniture de liquidié publique

Anne-Marie Rieu-Foucault ()

No 2017-27, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: This paper link the theory and practice of providing public liquidity. Starting from the theory of insurance as a justification for the provision of public liquidity, it shows that in practice the response to the financial crisis has been made to curb contagion and amplification and that liquidity storage can intervene for strategic reasons. Central banks through liquidity allocations and macroprudential measures respond collectively to the phenomena of the crisis. The reactions are innovative in the form of a systemic lender of last resort and large-scale interventions but do not use the theory of systemic liquidity insurance.

Keywords: Liquidity; –; financial; crisis; –; Lender; of; last; resort; –; Macroprudential. (search for similar items in EconPapers)
JEL-codes: D78 E58 G01 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2017
New Economics Papers: this item is included in nep-cba and nep-mac
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