search query: @author Holmstrom, B. / total: 4
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Author: | Holmstrom, B. Tirole, J. |
Title: | Liquidity and risk management |
Journal: | Journal of Money, Credit and Banking
2000 : AUG, VOL. 32:3, PART 1, p. 295-319 |
Index terms: | MONEY CREDIT BANKING |
Language: | eng |
Abstract: | Firms and financial institutions are best viewed as ongoing entities, whose project competition may require renewed injections of liquidity. This paper proposes a contract- theoretic framework integrating three dimensions of corporate financing and prudential regulation: 1) liquidity management, 2) risk management, and 3) capital structure. It concludes with a preliminary assessment of recent regulatory approaches to the treatment of market risk. |
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