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The euro area interbank market and the liquidity management of the eurosystem in the financial crisis

Hauck, Achim; Neyer, Ulrike - 2010

are high, the central bank assumes an intermediary function between liquidity surplus banks and liquidity deficit banks …

Persistent link: https://www.econbiz.de/10010302571

Shadow banking: Financial intermediation beyond banks

Jokivuolle, Esa (contributor) - 2018

Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.

Persistent link: https://www.econbiz.de/10011985212

Quantitative analysis of financial market infrastructures: further perspectives on financial stability

Laine, Tatu (contributor) - 2015

This simulator seminar book includes twelve chapters dealing with various aspects of quantitative analysis of financial market infrastructures. The topics include, among others, systemic risks, participant behavior, and new monitoring methods of various payment systems. The methodologies vary...

Persistent link: https://www.econbiz.de/10012148914

Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil

Blanco Barroso, Joao; Barbone Gonzalez, Rodrigo; … - 2019

We show that countercyclical liquidity policy smooths credit supply cycles, with stronger crisis effects. For … identification, we exploit the Brazilian supervisory credit register and liquidity policy changes on reserve requirements, that … affected banks differentially and have a monetary and prudential purpose. Liquidity policy strongly attenuates both the credit …

Persistent link: https://www.econbiz.de/10012211193

Liquidity in resolution: Comparing frameworks for liquidity provision across jurisdictions

Grund, Sebastian; Nomm, Nele; Walch, Florian - 2020

financial stability. This paper extends the existing research by zooming in on the specific topic of liquidity provision to … banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the … liquidity provision and the roles of the public budget and the central bank. The comparison also reveals that the role of fiscal …

Persistent link: https://www.econbiz.de/10012521155

Unsecured and Secured Funding

Di Filippo, Mario; Ranaldo, Angelo; Wrampelmeyer, Jan - 2018

provide more secured loans to replace unsecured lending, which is not consistent with speculative or precautionary liquidity …

Persistent link: https://www.econbiz.de/10011819553

Macroprudential Policy and Credit Supply

Peydró, José-Luis - In: Swiss Journal of Economics and Statistics 152 (2016) 4, pp. 305-318

In this paper we analyze financial crises, and the interactions of macroprudential policy and credit. Financial crises are recurrent systemic phenomena, often-triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment. Importantly for policy,...

Persistent link: https://www.econbiz.de/10011933347

Interbank lending, credit risk premia and collateral

Heider, Florian; Hoerova, Marie - 2009

We study the functioning of secured and unsecured inter-bank markets in the presence of credit risk. The model generates empirical predictions that are in line with developments during the 2007-2009 financial crises. Interest rates decouple across secured and unsecured markets following an...

Persistent link: https://www.econbiz.de/10011605153

Shadow bank runs

Andolfatto, David; Nosal, Ed - 2020

Commission and the Federal Reserve. We conclude that the conventional view concerning the societal benefits of liquidity …

Persistent link: https://www.econbiz.de/10012653480

Adaptive early warning systems: An axiomatic approach

Bhimjee, Diptes C. P. - In: Journal of Central Banking Theory and Practice 11 (2022) 2, pp. 145-164

The U.S. Subprime Crisis and the subsequent Great Recession have highlighted a renewed interest in the proper design and implementation of Early Warning Systems (E.W.S.), in order to help deter the onset of subsequent extreme financial events, through the implementation of adequate crisis...

Persistent link: https://www.econbiz.de/10014558512