

LIVE
Reshaping narratives toward resilient futures: Research and policy symposium on gender equality in and through education9:00 am EDT - 4:00 pm EDT
Past Event
9:00 am - 4:00 pm EDT
1775 Massachusetts Avenue NW
Washington, DC
20036
Liquidity is central to the stability of the financial system. A “run on the bank” can kill even sound institutions if they cannot readily find the cash to cover short-term demands. Further, scrambling to find cash can force some players to sell assets at distressed prices and this, in turn, may trigger insolvencies and failures. A key role of central banks is to be a “lender of last resort” in times of crisis to prevent liquidity problems from triggering a full-fledged financial crisis. A resilient financial system needs rules to ensure financial institutions maintain adequate liquidity and that the central banks provide a backstop for crisis situations.
On April 30, the Initiative on Business and Public Policy at Brookings hosted a day-long event addressing these topics. Many high-level experts from industry, academia, and government came together to consider key issues related to liquidity and the lender of last resort, including: the function and liquidity adequacy of banks; the liquidity coverage ratio, net stable funding ratio, and short-term wholesale funding market reform; liquidity needs in the post-crisis world; and liquidity provision for bank resolution.
12:30 pm
1:45 pm
3:30 pm
9:00 am
9:15 am
11:00 am
Greg Wright, Emma Berman
September 29, 2023
Joshua P. Meltzer, Earl Anthony Wayne, Diego Marroquín Bitar
July 19, 2023
2023
Online only
9:30 am - 10:30 am EDT