State, banks and liquidity
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Abstract
State intervention has always been fundamental to the banking business and today more so than ever. Not only has the State allowed banks to overcome the 2007-2009 crisis, but it has also solved their liquidity crisis that erupted in late 2011. This latest crisis - also associated to the problems of sovereign debt - has prevented banks from returning the historic favour whereby they frequently helped facilitate the State's liquidity management.
Keywords
- State
- banks
- liquidity. JEL classification: G21
- G28
