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Repo Market – A Tool to Manage Liquidity in Financial Institutions
Nath, Golaka - Volkswirtschaftliche Fakultät, … - 2013
Repo is used in India as an instrument for monetary policy by institutionalizing daily Liquidity Adjustment Facility … (LAF) which allows banks and Primary Dealers to manage their liquidity needs. Liquidity stress in the market has an impact …-bank uncollateralized call market and the call rates are prone to liquidity shocks in the system. The spread between Call and Repo rates is …
Persistent link: https://www.econbiz.de/10011260388
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Liquidity risk and contagion in interbank markets: a presentation of Allen and Gale Model
FERROUHI, El Mehdi; LEHADIRI, Abderrassoul - Volkswirtschaftliche Fakultät, … - 2013
The paper analyzes liquidity risk and contagion in interbank markets. The aim of the research is to define the … different structures of interbank markets and structures that allow the better allocation of liquidity and thus avoid the spread … model in the management of liquidity risk in the interbank market. We will then analyze the mechanisms that explain the …
Persistent link: https://www.econbiz.de/10011111992
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Redefining a role for central banks: The increased importance of central banks’ roles in the management of liquidity risks and macro prudential supervision in the aftermath of the...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
their supervisory roles and functions, have necessitated an extension of central banks role in the management of liquidity …
Persistent link: https://www.econbiz.de/10008683306
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Book review: “The Challenge of Financial Stability: A New Model and its Applications” by Goodhart C.A.E. and Tsomocos D.P
Jean-Bernard, Chatelain - Volkswirtschaftliche Fakultät, … - 2013
This review of the book “The Challenge of Financial Stability: A New Model and its Applications” by Goodhart C.A.E. and Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the interbank market for further theoretical and applied...
Persistent link: https://www.econbiz.de/10011258188
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The day-to-day interbank market, volatility, and central bank intervention in a developing economy
Sánchez-Fung, José R. - Volkswirtschaftliche Fakultät, … - 2008
This paper investigates banking system instability vis-à-vis the day-to-day interbank market and monetary policy effectiveness in the Dominican Republic. The analysis reveals a negative relationship among excess banking system reserves and the interbank interest rate, and shows that in crisis...
Persistent link: https://www.econbiz.de/10004980406
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Central bank independence: monetary policies in selected jurisdictions (III)
Ojo, Marianne; Ayadi, Felix - Volkswirtschaftliche Fakultät, … - 2013
A sufficient and appropriate degree of central bank independence is widely acknowledged to be necessary for the goal of achieving price stability. However, despite the levels of independence claimed to be enjoyed by several central banks, recent events indicate shifts in focus of monetary policy...
Persistent link: https://www.econbiz.de/10011257824
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Central bank independence: monetary policies in selected jurisdictions (I)
Felix, Ayadi; Marianne, Ojo - Volkswirtschaftliche Fakultät, … - 2013
Even though the Congress and the Administration are responsible for determining fiscal policy measures, these measures impact the Fed Reserve's monetary policy decisons. The indirect effect of fiscal policy on the conduct of monetary policy through its influence on the overall economy and the...
Persistent link: https://www.econbiz.de/10011261038
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The role of monetary policy in matters relating to financial stability: Monetary policy responses adopted during the most recent Financial Crisis
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
could become overly dependent on monetary policy and liquidity sustenance measures provided during deteriorating financial …
Persistent link: https://www.econbiz.de/10008740556
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The End of the Great Moderation: “We told you so.”
Barnett, William A.; Chauvet, Marcelle - Volkswirtschaftliche Fakultät, … - 2008
The current financial crisis followed the “great moderation,” according to which the world’s central banks had gotten so good at countercyclical policy that the business cycle no longer existed. As more and more economists and media people became convinced that the risk of recessions had...
Persistent link: https://www.econbiz.de/10005836728
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Do The Central Banks Always Do The Right Thing For Their Economies? An Appraisal Of The Monetary Policy Strategy Of The ECB
Covi, Giovanni - Volkswirtschaftliche Fakultät, … - 2013
The general aim of the paper is to address the doubts that too often the Central Banks’ tools and operations don’t fit for a fine tuning of the economies, and this is even more true in harsh times. The paper begins with an overview on the great failures respectively of the Federal Reserve,...
Persistent link: https://www.econbiz.de/10011259088