Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089504 | Journal of Banking & Finance | 2012 | 12 Pages |
Abstract
⺠How did money markets reflect credit and liquidity risk during the global financial crisis? ⺠Market-specific credit risk increased the difference across markets. ⺠Liquidity risk caused the difference across currency denominations. ⺠Coordinated central bank liquidity provisions were useful in reducing the liquidity risk in US dollar transactions. ⺠The effectiveness of liquidity provisions was asymmetric across markets.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Shin-ichi Fukuda,