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April 20, 2012

Inside Liquidity in Competitive Markets

Publication

In CPB Discussion Paper 209 we study incentives of financial intermediaries to reserve liquidity given that they can rely on the interbank market for their liquidity needs.

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February 15, 2012

Competition for traders and risk

Publication

The financial crisis has been attributed partly to perverse incentives for traders at banks and has led policy makers to propose regulation of banks' remuneration packages.

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