Borradores de Economia
Número:
384
Publicado:
Clasificación JEL:
G21, G33, L14
Palabras clave:
Liquidity manager, liquidity risk, market risk, systemic risk

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Juan Sebastián Mariño-Montaña, Daniela Rodriguez-Novoa, Camilo Eduardo Sánchez-Quinto
According to traditional literature, liquidity risk in individual banks can turn into a system-wide financial crisis when either interbank credit exposures or bank runs are present. This paper shows that this phenomenon can also arise when individual liqu