How Long to Read The Financing of Bank Resolution - who Should Provide the Required Liquidity?

How Long Does it Take to Read The Financing of Bank Resolution - who Should Provide the Required Liquidity??

It takes the average reader and 23 minutes to read The Financing of Bank Resolution - who Should Provide the Required Liquidity? by Costanza A. Russo

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper addresses two distinct yet interconnected problems. The first is whether the provision of Emergency Liquidity Assistance (ELA) on an individual bank basis should be centralised within the European Central Bank (ECB) and the second is whether existing liquidity financing arrangements are fit for the role. The paper argues that ELA centralisation would not require Treaty amendment and that a liquidity backstop is needed. However the latter cannot be provided by the ECB due to the prohibition of monetary financing and other Treaty and EU law requirements. The choice of the EU entity which should be entrusted with the specific mandate will largely depend on the characteristics the facility would take. The paper considers such characteristics and analyses which authority may best fit that role. The paper also suggests that a well-structured facility could have a positive broader macroprudential impact, and that a fine balance needs to be struck between the risk of moral hazard and the beneficial effect this facility may have on market confidence.

How long is The Financing of Bank Resolution - who Should Provide the Required Liquidity??

The Financing of Bank Resolution - who Should Provide the Required Liquidity? by Costanza A. Russo is 23 pages long, and a total of 5,819 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read The Financing of Bank Resolution - who Should Provide the Required Liquidity? Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 31 minutes to read The Financing of Bank Resolution - who Should Provide the Required Liquidity? aloud.

What Reading Level is The Financing of Bank Resolution - who Should Provide the Required Liquidity??

The Financing of Bank Resolution - who Should Provide the Required Liquidity? is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Financing of Bank Resolution - who Should Provide the Required Liquidity??

The Financing of Bank Resolution - who Should Provide the Required Liquidity? by Costanza A. Russo is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy The Financing of Bank Resolution - who Should Provide the Required Liquidity? by Costanza A. Russo on Amazon click the button below.