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