The analysis of liquidity and its main dimensions, namely market, funding and central bank support, is crucial to the financial system. This study examines liquidity measurement methods, discussing their advantages and disadvantages, and investigates related risks and their interactions, focusing on the dynamics during periods of financial stress. It looks at the liquidity management strategies adopted by financial institutions and the role of central banks as lenders of last resort. In addition, the variation of measures in response to monetary policies and economic shocks is analysed, highlighting the different strategies adopted.
L'analisi della liquidità e delle sue dimensioni principali ovvero il mercato, il finanziamento e il supporto fornito dalla banca centrale, è fondamentale per il sistema finanziario. Questo studio esamina i metodi di misurazione della liquidità, discutendone vantaggi e svantaggi, e indaga i rischi correlati e le loro interazioni, focalizzandosi sulle dinamiche durante periodi di stress finanziario. Vengono osservate le strategie di gestione della liquidità adottate dalle istituzioni finanziarie e il ruolo delle banche centrali come prestatore di ultima istanza. Inoltre, viene analizzata la variazione delle misure in risposta a politiche monetarie e shock economici, evidenziando le diverse strategie adottate.
Valutazione del rischio di liquidità: metodi di misurazione e impatti agli shock economici
BERTONAZZI, EUGENIA
2023/2024
Abstract
The analysis of liquidity and its main dimensions, namely market, funding and central bank support, is crucial to the financial system. This study examines liquidity measurement methods, discussing their advantages and disadvantages, and investigates related risks and their interactions, focusing on the dynamics during periods of financial stress. It looks at the liquidity management strategies adopted by financial institutions and the role of central banks as lenders of last resort. In addition, the variation of measures in response to monetary policies and economic shocks is analysed, highlighting the different strategies adopted.File | Dimensione | Formato | |
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https://hdl.handle.net/20.500.12608/72552