IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/36358.html
   My bibliography  Save this paper

Il rischio di liquidità: regolamentazione e best practice
[Liquidity Risk: Supervisory Models and Best Practices]

Author

Listed:
  • Panetta, I. C.
  • Porretta, P.

Abstract

In the light of the recent financial market turmoil, this paper focuses on liquidity risk management from the point of view of both supervisory authorities and large financial institutions. This research aims at pointing out the main differences between national regulations and supervisory regimes in the most important EU Countries (UK, DE, IT, FR, SP), trying to explain the rationale and the limits of the different approaches. Taking into account liquidity risk management models adopted in the major banking groups within the same countries, this paper also suggests the most significant issues to be considered in order to implement effective liquidity risk management. Areas of convergence/divergence at international level are highlighted and “food for thought” is offered on a subject that is gaining more and more attention of academics and officials worldwide, that is to say the importance of finding regulatory solutions and management models suited to 'remove' systemic crisis.

Suggested Citation

  • Panetta, I. C. & Porretta, P., 2009. "Il rischio di liquidità: regolamentazione e best practice
    [Liquidity Risk: Supervisory Models and Best Practices]
    ," MPRA Paper 36358, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:36358
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/36358/1/MPRA_paper_36358.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Jean-Charles Rochet & Xavier Vives, 2004. "Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?," Journal of the European Economic Association, MIT Press, vol. 2(6), pages 1116-1147, December.
    2. Stephen Morris & Hyun Song Shin, 2004. "Liquidity Black Holes," Review of Finance, European Finance Association, vol. 8(1), pages 1-18.
    3. Franklin Allen & Douglas Gale, 1998. "Optimal Financial Crises," Journal of Finance, American Finance Association, vol. 53(4), pages 1245-1284, August.
    4. Bengt Holmstrom & Jean Tirole, 1998. "Private and Public Supply of Liquidity," Journal of Political Economy, University of Chicago Press, vol. 106(1), pages 1-40, February.
    5. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 14-23.
    6. Praet, P. & Herzberg, V., 2008. "Market liquidity and banking liquidity: linkages, vulnerabilities and the role of disclosure," Financial Stability Review, Banque de France, issue 11, pages 95-109, February.
    7. Ratnovski, Lev, 2013. "Liquidity and transparency in bank risk management," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 422-439.
    8. Donald P. Morgan, 2002. "Rating Banks: Risk and Uncertainty in an Opaque Industry," American Economic Review, American Economic Association, vol. 92(4), pages 874-888, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Liquidity risk; Financial turmoil; Banking supervision;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G01 - Financial Economics - - General - - - Financial Crises

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:36358. 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: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.