Real-time accounting and reporting could potentially reduce fraud and money laundering, as well as give companies better control of their liquidity.
After 1945, exchange controls and lack of liquidity meant policy-makers had no need to worry.
What all this boils down to is that there is every reason to believe that a combination of government economic control, a high degree of liquidity, rising incomes and consumer spending, and the government's ongoing ability to tap on the brakes whenever the economy gets too hot should mean that the housing bubble that has developed is unlikely to burst any time soon.
Our findings extend the results of previous studies in liquidity commonality, and show that even after controlling for individual determinants of liquidity such as price, volume, and volatility, liquidity commonality remains.
The Financial Services Authority, unable to control the liquidity of this operator on its turf, proposed in March that host countries be given more power to demand extra capital and restrict intra-group flows.
In the past, spouses of entrepreneurs have suffered in divorce because courts have allowed appraisers to lower a business value by applying both minority and lack of marketability discounts (the former reflecting the lack of control; the latter, the lack of liquidity).
David Roche, of Independent Strategy, argues that derivatives have created a form of liquidity outside the control of central bankers.
Whether Berlin likes it or not, the moment Greece leaves, those who control the world's huge pools of liquidity or cash will start placing bets on the next country to head for the exit.
Not so Yale, which thrived in consequence.Mr Swensen argues that diversification is a better form of risk control than liquidity.
The paper then discusses the use of reserve requirements as a monetary policy tool, the transmission mechanism of reserve requirement changes, and the control of financial dollarization risks and liquidity risks.
