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The case for central bank liquidity provision as a public-private partnership


  • Brandon Davies


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.

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  • Brandon Davies, 2008. "The case for central bank liquidity provision as a public-private partnership," FMG Special Papers sp182, Financial Markets Group.
  • Handle: RePEc:fmg:fmgsps:sp182

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    1. Orazio Mastroeni, 2001. "Pfandbrief-style products in Europe," BIS Papers chapters,in: Bank for International Settlements (ed.), The changing shape of fixed income markets: a collection of studies by central bank economists, volume 5, pages 44-66 Bank for International Settlements.
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