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Credit and credit aggregates, Lender of last resort, Monetary and financial indicators, Financial institutions, Financial markets, International financial markets, Monetary policy implementation, Financial system regulation and policies, Financial services, Financial stability, Payment clearing and settlement systems





  • Seeking Safety

    Staff Working Paper 2018-41 Toni Ahnert, Enrico Perotti
    The scale of safe assets suggests a structural demand for a safe wealth share beyond transaction and liquidity roles. We study how investors achieve a reference wealth level by combining self-insurance and contingent liquidation of investment. Intermediaries improve upon autarky, insuring investors with poor self-insurance and limiting liquidation.
    Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): G, G2
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