Series: IMF Working Papers
Author(s): J. Hobbs , Claudia Dziobek , and Dewitt Marston
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2000
Keywords: Financial architecture, liquidity management, creditor rights, microstructure, banking, central bank, foreign exchange, reserve requirements
International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper explores a framework to assess arrangements for market liquidity and lays out elements of systemic liq...