If a firm has made its borrowing for the purpose of securing a precautionary liquidity buffer, most of the funds will likely be on hand and the firm will have no problem with repayment.
Given these two preconditions, we should start doing, and learning, as soon as possible. References Angelini, P., Neri, S., and Panetta, F., 2014, “The Interaction between Countercyclical Capital Requirements and Monetary Policy”, Journal of Money, Credit and Banking, forthcoming. Angelini, P., Nicoletti-Altimari, S., and Visco, I., 2013, “Macroprudential, Microprudential and Monetary Policies: Conflicts, Complementarities and Trade-offs”, in Dombret, A., Lucius, O. (eds.