TITLE

Liquidity risk, cash-flow constraints and systemic feedbacks

AUTHOR(S)
Kapadia, Sujit; Drehmann, Mathias; Elliott, John; Sterne, Gabriel
PUB. DATE
August 2012
SOURCE
Bank of England Quarterly Bulletin;2012 3rd Quarter, Vol. 52 Issue 3, p247
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses a framework that promotes an understanding of the triggers and system dynamics of liquidity risk. It mentions that it could be helpful during periods of financial instability as it simulates the impact of these effects in a quantitative model of systemic risk. It further provides illustrative simulations by using a version of the Bank of England's 'RAMSI' stress-testing model to highlight these dynamics quantitatively.
ACCESSION #
82152849

 

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