Global trends in liquidity creation: The role of the off-balance sheet
Type :
Book chapter
Publication Status :
Published
Access :
restrictedAccess
Abstract
Banks create liquidity by transforming liquid liabilities into illiquid assets and this is one of their main functions. Yet excessive liquidity creation, especially via off-balance sheet activities, might have contributed to the 2008-2009 financial crisis. In this chapter, we analyze the dynamics of liquidity creation in Turkey and the United States, and the contribution of off-balance sheet activities therein.
Source :
New Trends in Banking and Finance
Date :
2019-03-28
Publisher :
Peter Lang AG
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