Liquidity creation and risk in the international monetary system

Authors

  • L. DINI

DOI:

https://doi.org/10.13133/2037-3643/11053

Keywords:

International financial system, liquidity, risk, Keynes, Hicks, policy

Abstract

The article looks at how the present financial system works, signalling out its most crucial function, namely the provision of liquidity and its impact on the broad spectrum of international financial variables. Liquidity and risk are closely interrelated concepts. As Keynes and Hicks taught, a meaningful definition of liquidity cannot be given without reference to risk itself. The author provides some considerations to help shed light on the policy actions that may be required to mitigate the problems and difficulties associated with the current international monetary setting.


JEL: G15, F30, E42

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Published

2013-11-21

How to Cite

DINI, L. (2013). Liquidity creation and risk in the international monetary system. PSL Quarterly Review, 34(139). https://doi.org/10.13133/2037-3643/11053

Issue

Vol. 34 No. 139 (1981)

Section

Editorial

License

 
 
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