Lessons for systemic liquidity risk from recent crises
Several recent events, including the March 2020 “dash for cash” at the start of COVID-19 lockdowns, the volatility in EU electricity markets following Russia’s invasion of Ukraine, and the September 2022 meltdown in UK markets under Prime Minister Liz Truss, provided new lessons for monetary authorities on meeting systemic short-term liquidity shortages.
Nicolas Véron (Peterson Institute for International Economics) discusses with Raghuram G. Rajan (Chicago Booth School of Business) and Megan Greene (Brown University; Kroll) in this episode of the PIIE event series Financial Statements on February 8, 2023. For more information, visit: https://www.piie.com/events/lessons-s...
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