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Liquidity Risk, Credit Risk and the Federal Reserve’s Responses to the Crisis
Sarkar, Asani - 2009
aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this …
Persistent link: https://www.econbiz.de/10013156383
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Bank Liquidity Creation, Systemic Risk, and Basel Liquidity Regulations
Roberts, Daniel - 2019
We find that banks subject to the Liquidity Coverage Ratio (LCR) create less liquidity per dollar of assets in the post …-off between lower liquidity creation and greater resilience from liquidity regulations …
Persistent link: https://www.econbiz.de/10012898995
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How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007
Acharya, Viral V. - 2013
In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We … investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial …
Persistent link: https://www.econbiz.de/10013077991
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The Effect of the Term Auction Facility on the London Interbank Offered Rate
McAndrews, James - 2017
The Term Auction Facility (TAF), the first auction-based liquidity initiative by the Federal Reserve during the global … efficacy of the TAF in helping the interbank market to relieve liquidity strains …
Persistent link: https://www.econbiz.de/10012971012
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Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Acharya, Viral V.; Banerjee, Ryan; Crosignani, Matteo; … - 2022
We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative easing (QE). Prospective fallen angels–risky firms just above the IG rating cutoff–enjoyed subsidized bond financing since 2009, especially when the scale of QE purchases peaked...
Persistent link: https://www.econbiz.de/10013301918
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Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Acharya, Viral V.; Banerjee, Ryan; Crosignani, Matteo; … - 2022
We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative easing (QE). Prospective fallen angels—risky firms just above the IG rating cutoff—enjoyed subsidized bond financing since 2009, especially when the scale of QE purchases peaked...
Persistent link: https://www.econbiz.de/10013298377