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Burying Libor
Klingler, Sven; Syrstad, Olav - 2019
that tighter financial regulation increases interbank rates but lowers broad rates (in which lenders are non-banks) and that …
Persistent link: https://www.econbiz.de/10012214298
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Does SOFR-linked debt cost borrowers more than LIBOR-linked debt?
Klingler, Sven; Syrstad, Olav - 2023
We investigate if the benchmark transition from London Interbank Offered Rate (Libor) to Secured Overnight Financing Rate (SOFR) affects the costs of borrowing floating rate debt. The primary market for dollar-denominated floating rate notes (FRNs) provides an ideal laboratory to study these e...
Persistent link: https://www.econbiz.de/10014314081
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On the non-homogeneous effect of financial transaction taxes
Thöni, Patrick - In: Economics and Business Letters : EBL 9 (2020) 3, pp. 230-239
Persistent link: https://www.econbiz.de/10012420774
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A lost game of bank gargains : West Germany and international banking regulation between Bretton Woods and Basel I (1972-1988)
Kemmerer, Matthias - In: Jahrbuch für Wirtschaftsgeschichte 64 (2023) 2, pp. 339-375
Current theories of financial regulation suggest expanding rules-based formal state intervention to promote …-based informal co- and self-regulation through domestic (gentlemen's) agreements underpinned West German bank internationalisation … regulation, drawing on unused primary sources: Coalitions between the German regulating and regulated actors were bolstered by a …
Persistent link: https://www.econbiz.de/10014436557
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Central counterparties and liquidity provision in cash markets
Richter, Thomas - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-26
This paper investigates increased liquidity provision by market makers resulting from their ability to reduce balance sheet encumbrance through the use of central counterparties (CCPs). The introduction of the Basel III leverage rule constitutes a shock to market makers’ balance sheets and...
Persistent link: https://www.econbiz.de/10012798918
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Tick size, liquid stocks and market quality : evidence from a natural experiment in a unique setting
Gülay, Güzhan; Ersan, Yaşar - In: Borsa Istanbul Review 23 (2023) 5, pp. 1037-1057
We study the causal impacts of a tick size reduction policy in highly liquid stocks, exploiting a unique experiment in Borsa Istanbul leading to substantial exogenous variation in the tick size. Adapting a differences-in-differences strategy with a novel limit order and trade book data with...
Persistent link: https://www.econbiz.de/10014383529
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Toxic asset subsidies and the early redemption of talf loans
Wilson, Linus - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-20
This paper develops a formula to numerically estimate the unsubsidized, fair-market value of the toxic assets purchased with Federal Reserve loans. It finds that subsidy rates on these loans were on average 33.9 percent at origination. In contrast, by the 3rd quarter of the 2010, there was on...
Persistent link: https://www.econbiz.de/10013252762
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Hidden consequences of consumer protection on the financial market : regulation-introduced bias
Šindelář, Jiří; Budinský, Petr - In: Prague economic papers : a bimonthly journal of … 33 (2024) 3, pp. 277-318
protection regulation on the financial market. Through a questionnaire survey, we have measured the effect of selected consumer … common elements of financial regulation, such as bank deposit insurance, corporate bond prospectus, licenced fund management …
Persistent link: https://www.econbiz.de/10015054101
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Stock market responses to economic sanctions : evaluating the roles of national reserves and financial market access
Alwadeai, Ahmed; Vlasova, Nataliia; Mareeh, Hadi Yahya Saleh - In: Borsa Istanbul Review 24 (2024) 6, pp. 1358-1372
Economic sanctions significantly influence stock market capitalization and have critical implications for the national economy. This study investigates the impact of economic sanctions on stock market capitalization, focusing on the roles of national reserves and financial market access in...
Persistent link: https://www.econbiz.de/10015152828
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Regulation and de-risking : theoretical and empirical insights
Haar, Lawrence; Gregoriou, Andros - In: Risks : open access journal 11 (2023) 6, pp. 1-23
changes to banking activities. We find rather than regulation inducing changes to the rate at which unchanged risk exposure is … capital is largely unchanged. A consequence of regulation may be to encourage the migration of riskier activities to …
Persistent link: https://www.econbiz.de/10014334509