|
In banking, Shiftability is an approach to keep banks liquid by supporting the shifting of assets. When a bank is short of ready money, it is able to sell or repo its assets to a more liquid bank. The approach lets the system of banks run more efficiently: with fewer reserves or investing in long-term assets. Note that shiftability is a property of the banking system, not an individual bank. Individual banks have always handled Liquidity crises by attempting to sell or repo assets. In many banking systems, they do so only at fire sale prices. Under shiftability, the banking system tries to avoid liquidity crises by enabling banks to always sell or repo at good prices. Shiftability allowed early American banks to stay liquid when investing in longer-terms investments, like railroad construction, when British banks were only invested in short-term commercial paper. == See also == * Liquidity risk * Interbank lending market 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Shiftability theory」の詳細全文を読む スポンサード リンク
|