Imperial College London

Professor Franklin Allen

Business School

Assoc Dean of Faculty & Res/ Dir of Brevan Howard Centre



+44 (0)20 7594 9195f.allen Website CV




2.05B52-53 Prince's GateSouth Kensington Campus






BibTex format

author = {Allen, HF and Gale, D},
booktitle = {Achieving Financial Stability: Challenges to Prudential Regulation},
doi = {10.1142/9789813223400_0011},
pages = {135--157},
title = {How should bank liquidity be regulated?},
url = {},
year = {2017}

RIS format (EndNote, RefMan)

AB - One reason why the 2007–2009 financial crisis was so severe and had a global impact was massive illiquidity in many markets, particularly interbank markets. This combined with an extreme exposure of many financial institutions to liquidity needs meant investors ran on a variety of financial institutions, particularly in wholesale markets. Financial institutions and non-financial firms started to sell assets at fire-sale prices to raise cash, and central banks injected huge amounts of liquidity into financial systems…Read More:
AU - Allen,HF
AU - Gale,D
DO - 10.1142/9789813223400_0011
EP - 157
PY - 2017///
SN - 978-981-3223-39-4
SP - 135
TI - How should bank liquidity be regulated?
T1 - Achieving Financial Stability: Challenges to Prudential Regulation
UR -
UR -
ER -