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- Title
Liquidity risk, cash-flow constraints and systemic feedbacks.
- Authors
Kapadia, Sujit; Drehmann, Mathias; Elliott, John; Sterne, Gabriel
- Abstract
The article discusses a framework that promotes an understanding of the triggers and system dynamics of liquidity risk. It mentions that it could be helpful during periods of financial instability as it simulates the impact of these effects in a quantitative model of systemic risk. It further provides illustrative simulations by using a version of the Bank of England's 'RAMSI' stress-testing model to highlight these dynamics quantitatively.
- Subjects
UNITED Kingdom; BANK of England; STATICS; LIQUIDITY (Economics); FINANCIAL crises
- Publication
Bank of England Quarterly Bulletin, 2012, Vol 52, Issue 3, p247
- ISSN
0005-5166
- Publication type
Article