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Basel III and recourse to Eurosystem monetary policy operations

Michael Wedow (), Stefan Schmitz, Imene Rahmouni-Rousseau, Angeliki Momtsia (), Alaoishe Luskin, Kerstin Junius, Cristina Fonseca Coutinho, Annalisa Bucalossi, Franziska Schobert, Antonio Scalia (), Benjamin Sahel and Rita Isabel Prior Soares

No 171, Occasional Paper Series from European Central Bank

Abstract: Following the emergence of the financial crisis in August 2007, the Basel Committee on Banking Supervision established in 2010 a new global regulatory framework. In addition to raising capital requirements, it introduced three ratios, two of which set out minimum standards for liquidity and funding risk, i.e. the liquidity coverage ratio and the net stable funding ratio, and one which aims to limit leverage in the banking system, i.e. the leverage ratio. All three ratios can have a number of implications for monetary policy implementation, in particular the liquidity coverage ratio and the net stable funding ratio owing to the special role of central banks in providing liquidity. This paper investigates the extent to which the regulatory initiatives might have already had an impact on banks JEL Classification: G28, E58

Keywords: Basel III; liquidity regulation; monetary policy implementation (search for similar items in EconPapers)
Date: 2016-04
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mon and nep-rmg
Note: 406092
References: View references in EconPapers View complete reference list from CitEc
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