Should central bank liquidity be a vehicle for fiscal disciplining?
(2022)
Journal Article
Vestergaard, J., & Gabor, D. (2022). Should central bank liquidity be a vehicle for fiscal disciplining?. Cambridge Journal of Economics, 46(3), 491-509. https://doi.org/10.1093/cje/beac010
With notable exceptions, central banking scholars typically pay little attention to collateral frameworks, and therein, to the haircuts applied to the collateral assets pledged to access central bank liquidity. One such exception, Kjell Nyborg (2017)... Read More about Should central bank liquidity be a vehicle for fiscal disciplining?.