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Dealer financial conditions and lender-of-last-resort facilities

Acharya, Viral V.; Fleming, Michael J.; Hrung, Warren B.; … - 2014

provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …

Persistent link: https://www.econbiz.de/10010404154

Can Central Banks Go Broke?

Buiter, Willem H. - 2014

The paper answers three questions.(1) Does it matter if a central bank suffers a large capital loss? (2) Can the central bank become insolvent? (3) When, how and by whom should the central bank be recapitalised?

Persistent link: https://www.econbiz.de/10013048185

Stressed, Not Frozen : The Federal Funds Market in the Financial Crisis

Afonso, Gara - 2011

We examine the importance of liquidity hoarding and counterparty risk in the U.S. overnight interbank market during the … financial crisis of 2008. Our findings suggest that counterparty risk plays a larger role than does liquidity hoarding: the day … performing banks do not hoard liquidity. While the interbank market does not freeze entirely, it does not seem to expand to meet …

Persistent link: https://www.econbiz.de/10013133836

Stressed, not frozen : the federal funds market in the financial crisis

Afonso, Gara; Kovner, Anna; Schoar, Antoinette - 2010 - Rev.

particular, we do not find that worse performing banks began hoarding liquidity and indiscriminately reducing their lending …. -- Fed funds ; financial crisis ; liquidity ; interbank lending ; hoarding …

Persistent link: https://www.econbiz.de/10003948809

Dealer financial conditions and lender-of-last-resort facilities

Acharya, Viral V.; Fleming, Michael J.; Hrung, Warren B.; … - In: Journal of financial economics 123 (2017) 1, pp. 81-107

Persistent link: https://www.econbiz.de/10011725183

Forbearance vs Foreclosure in a General Equilibrium Model

Barbaro, Bianca; Tirelli, Patrizio - 2023

decline in the natural interest rate, due to slower productivity growth and persistent liquidity shocks, might explain the …

Persistent link: https://www.econbiz.de/10014355265

Forbearance vs foreclosure in a general equilibrium model

Barbaro, Bianca; Tirelli, Patrizio - 2021

We build a business cycle model characterized by endogenous firms dynamics, where banks may prefer debt renegotiation, i.e. non-performing exposures, to outright borrowers default. We find that debt renegotiations only do not have adverse effects in the event of financial crisis episodes, but a...

Persistent link: https://www.econbiz.de/10012488660

Establishing monetary control in financial systems with insolvent institutions

Mathieson, Donald J.; Haas, Richard D. - 1994

Persistent link: https://www.econbiz.de/10000892216

A macroeconomic model of credit risk in Uruguay

Illanes, Gabriel; Peña Sánchez, Alejandro Rubén; … - In: Revista brasileira de economia : RBE ; revista da … 70 (2016) 4, pp. 441-455

Persistent link: https://www.econbiz.de/10011787685

The domino effect of silicon valley Bank's bankruptcy and the role of FED's monetary policy

Erer, Elif; Erer, Deniz - In: Borsa Istanbul Review 24 (2024) 3, pp. 573-591

This paper examines the spillover effects of bankruptcy by important tech industry banks-Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank-on the top 10 institutions in the MSCI Bank Index and the role that monetary policy by the US Federal Reserve (the Fed) played in this...

Persistent link: https://www.econbiz.de/10014635351