The Basel III net stable funding ratio adjustment speed and systemic risk

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Cuong Ly, Kim; Chen, Zhizhen; Wang, Senyu; Jiang, Yuxiang;

The theory on the timing of liquidity trades highlights two contrasting rational expectations equilibria for the liquidity adjustment speed effect, namely an immediate-trading equilibrium (trade at the onset of the liquidity shock) and a delayed-trading equilibrium (tra... View more
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