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Banks, Liquidity Management, and Monetary Policy

Bianchi, Javier; Bigio, Saki - Federal Reserve Bank of Minneapolis - 2014

random and therefore create liquidity risk, which in turn determines the supply of credit and the money multiplier. We study … profiting from lending and incurring greater liquidity risk. We calibrate our model to study quantitatively why banks have …

Persistent link: https://www.econbiz.de/10010892298

Phases of global liquidity, fundamentals news, and the design of macroprudential policy

Bianchi, Javier; Mendoza, Enrique G. - 2015

Persistent link: https://www.econbiz.de/10011300764

Scrambling for dollars: international liquidity, banks and exchange rates

Bianchi, Javier; Bigio, Saki; Engel, Charles - 2021

Persistent link: https://www.econbiz.de/10012693444

Fundamentals News, Global Liquidity and Macroprudential Policy

Bianchi, Javier - 2016

We study optimal macroprudential policy in a model in which unconventional shocks, in the form of news about future fundamentals and regime changes in world interest rates,interact with collateral constraints in driving the dynamics of financial crises. These shocks strengthen incentives to...

Persistent link: https://www.econbiz.de/10012978998

Phases of Global Liquidity, Fundamentals News, and the Design of Macroprudential Policy

Bianchi, Javier - 2015

about future fundamentals and regime changes in global liquidity, into a quantitative non-linear model of financial crises … significant variation across regimes of global liquidity and realizations of news shocks. Moreover, the effectiveness of the …

Persistent link: https://www.econbiz.de/10013018427