The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
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"The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity." — Abdul Aziz Al Ghurair #warpeace
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The Central Bank should have a permanent window for discounting high quality securities where…
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The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity. — Abdul Aziz Al Ghurair
About Abdul Aziz Al Ghurair
Abdul Aziz Al Ghurair was a Businessman from United Arab Emirates (1954–present).
Frequently Asked Questions
Who said "The Central Bank should have a permanent window for discounting high quality se…"?
This quote is attributed to Abdul Aziz Al Ghurair, a Businessman from United Arab Emirates.
When did Abdul Aziz Al Ghurair live?
Abdul Aziz Al Ghurair lived from 1954 – present.
What is this quote about?
This quote touches on War & Peace. Browse more quotes on these themes from the categories page.