Banking runs are a major threat to modern finance. This column makes the case for preventive tools over ex post intervention. It argues for assigning responsibility and novel tools to microprudential regulators for supervising individual liquidity and capital ratios, and to central banks those tools for aggregate liquidity-risk management, with overall control switching to fiscal authorities once intervention appears to require fiscal means.
Most Read
-
Woloszko
-
Chronopoulos, Kampanelis, Oto-Peralías, Wilson
-
Ugarte, Olarreaga
-
Caffarra, Scott Morton
-
Escobari, Levy Yeyati
-
Eichengreen, O'Rourke
-
Burgess, Sievertsen
-
Mitze, Kosfeld, Rode, Wälde
-
Heldring, Robinson
-
Eichengreen
Blogs&Reviews
-
Sapir
-
Bouchaud, Farmer
-
Baldwin
-
Kende
-
Angeloni
Vox eBooks

Bartsch, Bénassy-Quéré, Corsetti, Debrun, 15 December 2020
Don't Miss
Bartsch, Bénassy-Quéré, Corsetti, Debrun
Scheuer
Bozio, Garbinti, Goupille-Lebret, Guillot, Piketty
Events
-
18 January - 22 March 2021 / online / Political Economy of International Organization
-
21 - 23 January 2021 / Online /
-
28 - 29 January 2021 / Online - Zoom / Timberlake Consultants
-
29 - 29 January 2021 / Online /
-
12 - 12 February 2021 / Online / Erasmus University Rotterdam, Tilburg University and the University of Amsterdam
CEPR Policy Research
-
Gobillon, Solignac
-
Giglio, Maggiori, Stroebel, Weber
-
Summers, Fatás
-
Favero, Galasso
-
Butt, Churm, McMahon, Morotz, Schanz
-
Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
-
Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
-
Baldwin, Nakatomi
-
Thimann
-
Goodhart, Perotti