Share 'Liquidity, default, and market regulation "Liquidity and default are inseparable"!'
Charles A.E. Goodhart Dimitri Tsomocos
12 November 2009
Liquidity and default are inseparable. Liquidity problems fuel defaults and vice versa. This column discusses the shortcomings of current regulatory proposals to address liquidity and default. It says that regulators must address “systemic markets”, not just systemic institutions, and need informative measures of financial stability.
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