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carrie_w2008 · 2024年04月09日

请问为社么0成本融资法会囤积长期的低流动性的资产

NO.PZ2020042003000115

问题如下:

When managing on-balance sheet funding liquidity risk, the zero cost of funds approach take liquidity as a free good. The following statements are about the zero cost of funds approach, which of the following is NOT correct?

选项:

A.

A zero charge for the cost of liquidity and a zero credit for the benefit of liquidity exacerbated maturity transformation to the largest degree possible.

B.

This approach resulted in the hoarding of short-term highly liquid assets.

C.

As the funding conditions so easy, banks viewed spreads as pure credit risk adjustments and ignored funding liquidity risk altogether, thus the bank use the zero-cost approach.

D.

It is a poor practice identified that some banks failed to account for the costs, benefits and risks of liquidity in their business activities.

解释:

考点:对LTP in Practice: Managing On-Balance Sheet Funding Liquidity Risk的理解

答案:B

解析:

选项B错误,关于B选项的正确表述为:

This approach resulted in the hoarding of long-term highly illiquid assets, and very few long-term stable liabilities to meet funding demands as they became due.

请问为社么0成本融资法会囤积长期的低流动性的资产

1 个答案
已采纳答案

李坏_品职助教 · 2024年04月10日

嗨,从没放弃的小努力你好:


所谓zero cost funding,指的是金融危机前,部分银行认为资金的流动性是无成本的,即认为大部分资产都是可以随时变现的。由于低流动性资产会带来相应的较高收益(低流动性是一种风险,风险越高,风险补偿越大),所以银行会持有大量低流动性长期资产来增加收益。但是后来事实证明,银行为低流动性长期资产的囤积付出惨痛代价,比如美国次贷危机之后几大投行的破产或被收购。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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