Also see Stein J (2013), “Liquidity Regulation and Central Banking”, Speech at the “Finding the Right Balance” 2013 Credit Markets Symposium sponsored by the Federal Reserve Bank of Richmond, Charlotte, North Carolina, 19 April. Available at <http://www.federalreserve.gov/ newsevents/speech/stein20130419a.htm>; Coeuré B (2013), “Liquidity Regulation and Monetary Policy Implementation – From Theory to Practice”, Speech at the Toulouse School of Economics, Toulouse, 3 October.
Available at <http://www.ecb.europa.eu/press/key/date/2013/html/sp131003.en.html>. BIS central bankers’ speeches  1  This implies that more liquid liabilities, those with less than 30 days to maturity, will be more costly for the bank to provide. Hence, one would expect to see an increase in the cost to the customer of obtaining that liquidity service.