Similar Search Results

Euro repo market : improvements for collateral and liquidity management

European Central Bank - 2015

The objective of the report is to define improvements to the repo market to better support collateral/liquidity …

Persistent link: https://www.econbiz.de/10015300037

Rollover risk, liquidity, and macro-prudential regulation : N°1667, April 2014

Ahnert, Toni (contributor) - European Central Bank - 2014

I study rollover risk in the wholesale funding market when intermediaries can hold liquidity ex-ante and are subject to … fire sales ex-post. I demonstrate that precautionary liquidity restores multiple equilibria in a global rollover game. An … intermediate liquidity level supports both the usual run equilibrium and an efficient equilibrium. I provide a uniqueness …

Persistent link: https://www.econbiz.de/10015301809

The market liquidity of interest rate swaps

Boudiaf, Ismael Alexander (contributor); … - European Central Bank - 2024

This paper studies market liquidity in interest rate swaps (IRS) before and during the global tightening of monetary … hedge interest rate risk. Hence, providing an understanding of this market and the drivers of market liquidity is a key … long-horizon swap contract denominated in EUR to construct seven liquidity measures. Taking a comprehensive approach, we ap …

Persistent link: https://www.econbiz.de/10015320846

Governments' payment discipline : the macroeconomic impact of public payment delays and arrears

Checherita-Westphal, Christina (contributor); … - European Central Bank - 2015

Persistent link: https://www.econbiz.de/10015298704

Corporate reorganization and the reallocation of labor in bankruptcy

Bonfim, Diana (contributor); Nogueira, Gil (contributor) - European Central Bank - 2024

We analyze how corporate reorganization and liquidation change labor reallocation during bankruptcy using randomized judge assignments and linked Portuguese employer-employee and firm data. Reorganization reduces the negative effect of bankruptcy on employee earnings, even with most workers...

Persistent link: https://www.econbiz.de/10015275043

Flight to liquidity and the great recession : N°1729, September 2014

Radde, Sören (contributor) - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301857

Creditor protection, judicial enforcement and credit access : 1829 / July 2015

Maresch LL.M., Daniela (contributor); … - European Central Bank - 2015

We investigate the role of the judicial system on whether or not the firms obtain the credit they applied for, by looking at the strength of the creditor protection, the strength of property rights, the time for resolving a dispute, its costs and the number of procedures the plaintiff faces. We...

Persistent link: https://www.econbiz.de/10015298439

Bank lines of credit as contingent liquidity : a study of covenant violations and their implications; N°1702, August 2014

Acharya, Viral V. (contributor); Almeida, Heitor (contributor) - European Central Bank - 2014

heart of a new bank liquidity channel. This channel complements the traditional bank lending channel, which focuses on small …

Persistent link: https://www.econbiz.de/10015301820

Liquidity dependencies in the euro area

Herbst, Tobias (contributor); Lang, Jan Hannes (contributor) - European Central Bank - 2025

We examine the differential impact of monetary policy and macroprudential policy on bank lending rates in the euro area, using granular corporate loan-level data for the period 2019- 2023. We find three results: First, consistent with the predictions of a stylized theoretical model of bank...

Persistent link: https://www.econbiz.de/10015430275

Liquidity dependencies in the euro area

Soares, Carla (contributor) - European Central Bank - 2025

This study investigates to what extent the significant liquidity injections by the ECB over the past 15 years may have … created a dependency by banks on central bank liquidity itself. Following Acharya et al. (2024), I examine whether the ECB …'s liquidity provision changed banks' incentives to increase liquid deposits, potentially heightening their susceptibility to …

Persistent link: https://www.econbiz.de/10015430291