Lack of central bank money (CBM)

A temporary lack of CBM does not necessarily mean upcoming insolvency, the
relation between the shortage and the capacity to attract external funds is crucial.
Nevertheless is it a necessary condition to be insolvent: if the central bank account
is long, there is no necessity to act immediately. Again, this does not mean the
institution will be solvent in the future. We have to investigate further into the term
structure of solvency. There are intrinsic, specific and systematic reasons to become
insolvent and they are decreasingly manageable for a FI.