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Bank of Canada RSS Feedsen2024-03-28T20:17:02+00:00Liquidity Transformation and Bank Capital Requirements
https://www.bankofcanada.ca/2010/08/working-paper-2010-22/
This paper presents a dynamic general equilibrium model where asymmetric information about asset quality leads to asset illiquidity. Banking arises endogenously in this environment as banks can pool illiquid assets to average out their idiosyncratic qualities and issue liquid liabilities backed by pooled assets whose total quality is public information.2010-08-23T14:19:04+00:00enLiquidity Transformation and Bank Capital Requirements2010-08-23Financial stabilityFinancial system regulation and policiesWorking Paper 2010-22https://www.bankofcanada.ca/wp-content/uploads/2010/08/wp10-22.pdfLiquidity Transformation and Bank Capital RequirementsHajime TomuraAugust 2010DD8D82EE4E44GG2G21