Financial Law and Risk Control
Liquidity and Leverage
Tobias Adrian and Hyun Song Shin
- Year
- 2010
- Venue
- Journal of Financial Intermediation
- Level
- Advanced
Summary
Documents procyclical leverage among marked-to-market financial intermediaries and links aggregate balance-sheet growth to market risk. The article gives macroprudential regulation a mechanism connecting leverage management, repo funding, risk appetite, and system-wide liquidity.
Citation
Tobias Adrian and Hyun Song Shin. "Liquidity and Leverage." Journal of Financial Intermediation, 2010.
DOI: 10.1016/j.jfi.2008.12.002
BibTeX
@article{Adrian2010Liquidity,
title = {Liquidity and Leverage},
author = {Tobias Adrian and Hyun Song Shin},
year = {2010},
journal = {Journal of Financial Intermediation},
doi = {10.1016/j.jfi.2008.12.002},
url = {https://doi.org/10.1016/j.jfi.2008.12.002}
}