2014•RePEc: Research Papers in EconomicsRequires access
Liquidity transfer pricing after crisis
Marco Di Antonio, Danilo Drago
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Abstract
During the financial crisis, many banks experienced difficulties in managing their liquidity, showing the weakness of the traditional liquidity transfer price system which is not anymore adequate to measure liquidity costs, benefits and risks. The development of a more efficient mechanism will not be an easy goal, but it will represent a necessary step towards the adoption of appropriate incentives ensuring a sound management of liquidity risk