The case for central bank liquidity provision as a public-private partnership
During the past year financial institutions around the world have faced severe liquidity problems as a result of the crisis in the shadow banking sector brought on by the rapid development of structured products plus a potent mixture of high leverage and over the counter (OTC) financial derivatives. This paper explores a number of issues relating to this crisis, but in particular it examines lessons relating to the proper governance and supervision of the UK banking industry. Importantly for every issue I raise I have tried to offer some proposed solution which I believe will at least improve the current situation.
When requesting a correction, please mention this item's handle: RePEc:fmg:fmgsps:sp182. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (The FMG Administration)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.