RDP 2008-06: Promoting Liquidity: Why and How? References
October 2008
- Download the Paper 485KB
Alexander L (2008), ‘Central Counterparties Could Lessen Systemic Risk’, FT.com site, 5 June. Available at <http://www.ft.com/cms/s/0/29d1f72a-329a-11dd-9b87-0000779fd2ac.html>.
Allen F and E Carletti (2007), ‘Banks, Markets and Liquidity’, in C Kent and J Lawson (eds), The Structure and Resilience of the Financial System, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 201–218.
Allen F and D Gale (2004), ‘Financial Intermediaries and Markets’, Econometrica, 72(4), pp 1023–1061.
ASF (American Securitization Forum) (2008), ‘ASF Project RESTART’, 16 July. Available at <http://www.americansecuritization.com/uploadedFiles/Project_RESTART_RFC_%207_16_%2008.pdf>.
Australian Securitisation Forum (2008), ‘The Australian Mortgage-Backed Securities Market: Is an Enhanced Model Needed to Lower Mortgage Rates?’, discussion paper, April.
BCBS (Basel Committee on Banking Supervision) (2008), ‘Liquidity Risk: Management and Supervisory Challenges’, February.
Becker C and M Sinclair (2004), ‘Profitability of Reserve Bank Foreign Exchange Operations: Twenty Years after the Float’, RBA Research Discussion Paper No 2004-06.
Borio C (2007), ‘Change and Constancy in the Financial System: Implications for Financial Distress and Policy’, in C Kent and J Lawson (eds), The Structure and Resilience of the Financial System, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 8–35.
Borio C, C Furfine and P Lowe (2001), ‘Procyclicality of the Financial System and Financial Stability: Issues and Policy Options’, in Marrying the Macro- and Microprudential Dimensions of Financial Stability, BIS Papers No 1, BIS, Basel, pp 1–57.
Borio C and W Nelson (2008), ‘Monetary Operations and the Financial Turmoil’, BIS Quarterly Review, March, pp 31–46.
Brunnermeier MK (forthcoming), ‘Deciphering the 2007-08 Liquidity and Credit Crunch’, Journal of Economic Perspectives.
Brunnermeier MK and LH Pedersen (forthcoming), ‘Market Liquidity and Funding Liquidity’, Review of Financial Studies.
Buiter W and A Sibert (2007), ‘The Central Bank as the Market Maker of Last Resort: From Lender of Last Resort to Market Maker of Last Resort’, VoxEU. org, 13 August. Available at <http://www.voxeu.org/index.php?q=node/459>.
Cecchetti S (2007), ‘A Better Way to Organise Securities Markets’, FT.com site, 4 October. Available at <http://www.ft.com/cms/s/0/fc9a4f48-72a8-11dc-b7ff-0000779fd2ac.html>.
CGFS (Committee on the Global Financial System) (2008a), ‘Central Bank Operations in Response to the Financial Turmoil’, CGFS Papers No 31.
CGFS (2008b), ‘Ratings in Structured Finance: What Went Wrong and What Can Be Done to Address Shortcomings?’, CGFS Papers No 32.
Debelle G (2008), ‘Open Market Operations’, keynote address presented at the Australian Debt Markets Conference, Sydney, 27 June.
FRBNY (Federal Reserve Bank of New York) (2008), ‘Statement Regarding June 9 Meeting on Over-the-Counter Derivatives’, Press Release, 9 June. Available at <http://www.ny.frb.org/newsevents/news/markets/2008/ma080609.html>.
FSF (Financial Stability Forum) (2008), ‘Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience’, 7 April.
Fitch Ratings (2004), ‘Liquidity in the Credit Default Swap Market: Too Little Too Late?’, Credit Market Research Report, 7 June.
Fitch Ratings (2008), ‘Fitch Proposals for Complementary Ratings and Indicators to Structured Finance Ratings’, Special Report, 1 July.
Fitz-Gibbon B and M Gizycki (2001), ‘A History of Last-Resort Lending and Other Support for Troubled Financial Institutions in Australia’, RBA Research Discussion Paper No 2001-07.
Gai PS, S Kapadia, S Millard and A Perez (2008), ‘Financial Innovation, Macroeconomic Stability and Systemic Crises’, The Economic Journal, 118 (527), pp 401–426.
Geithner TF (2008), ‘Actions by the New York Fed in Response to Liquidity Pressures in Financial Markets’, Testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Washington DC, 3 April.
Grenville S (1991), ‘The Evolution of Financial Deregulation’, in I Macfarlane (ed), The Deregulation of Financial Intermediaries, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 3–35.
Hilton S (2008), ‘Recent Developments in Federal Reserve System Liquidity and Reserve Operations’, paper presented at the Reserve Bank of Australia Conference on ‘Lessons from the Financial Turmoil of 2007 and 2008’, Sydney, 14–15 July.
Holmstrom B and J Tirole (1988), ‘Private and Public Supply of Liquidity’, Journal of Political Economy, 106(1), pp 1–40.
IIF (Institute of International Finance) (2008), ‘Interim Report of the IIF Committee on Market Best Practices’, April.
IMF (International Monetary Fund) (2008), Global Financial Stability Report – Containing Systemic Risks and Restoring Financial Soundness, World Economic and Financial Surveys, IMF, Washington DC.
IOSCO (International Organization of Securities Commissions) (2008), ‘Code of Conduct Fundamentals for Credit Rating Agencies’, Report of the Technical Committee of IOSCO, May.
Joye CRE and JS Gans (2008), ‘“AussieMac”: A Policy Initiative for the Australian Government to Protect Households and the Financial System against Current and Future Credit Crises’, Melbourne Business School, University of Melbourne. Available at <http://works.bepress.com/joshuagans/17/>.
Ledrut E and C Upper (2007), ‘Changing Post-Trading Arrangements for OTC Derivatives’, BIS Quarterly Review, December, pp 83–95.
McDonough WJ (1998), ‘Private-Sector Refinancing of the Large Hedge Fund, Long-Term Capital Management’, Statement before the Committee on Banking and Financial Services, U.S. House of Representatives, Washington DC, 1 October.
Moody's (2008), ‘Introducing Assumption Volatility Scores and Loss Sensitivities for Structured Finance Securities’, Moody's Report No SF132669.
SEC (U.S. Securities and Exchange Commission) (2008), ‘Proposed Rules for Nationally Recognized Statistical Rating Organizations’, June.
Stevens G (2008), ‘Liquidity and the Lender of Last Resort’, The Seventh Annual Sir Leslie Melville Lecture, Australian National University, Canberra, 15 April.