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December 10, 2009 | History

Liquidity production in 21st century banking 1 edition

Liquidity production in 21st century banking
Philip E. Strahan

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Liquidity production in 21st century banking
Philip Strahan.

Published 2008 by National Bureau of Economic Research in Cambridge, MA .
Written in English.

About the Book

"I consider banks' role in providing funding liquidity (the ability to raise cash on demand) and market liquidity (the ability to trade assets at low cost), and how these roles have evolved. Traditional banks made illiquid loans funded with liquid deposits, thus producing funding liquidity on the liability side of the balance sheet. Deposits are less important in 21st century banks, but funding liquidity from lines of credit and loan commitments has become more important. Banks also provide market liquidity as broker-dealers and traders in securities and derivatives markets, in loan syndication and sales, and in loan securitization. Many institutions besides banks provide market liquidity in similar ways, but banks dominate in producing funding liquidity because of their comparative advantage in managing funding liquidity risk. This advantage stems from the structure of bank balance sheets as well as their access to government-guaranteed deposits and central-bank liquidity"--National Bureau of Economic Research web site.

Edition Notes

Title from PDF file as viewed on 6/13/2008.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
NBER working paper series -- working paper 13798, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13798.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL17087198M
LC Control Number
2008610546

History Created December 10, 2009 · 1 revision
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December 10, 2009 Created by WorkBot add works page