This paper analyzes an economy in which there are no interest-bearing assets, only equity shares. Equilibrium …

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the …

-smoothing theory of debt determination …

This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term … structure of Treasury bond yields for the United States with pre-crisis data. This paper uses a software developed by Fund staff …

Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and …

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction …

The Swedish banking system faced a severe liquidity strain during the global financial crisis owing to their extensive … recommendations made in the Financial Sector Assessment Program (FSAP) Update in the area of systemic liquidity risk management …, especially in relatively weak areas and some aspects of Riksbank’s domestic liquidity toolkit. But it does not cover a range of …