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Shadow banking : financial intermediation beyond banks
Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018
Persistent link: https://www.econbiz.de/10011790739
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How robust is the result that the cost of "leaning against the wind" exceeds the benefit? : response to Adrian and Liang
Svensson, Lars E. O. - 2017
The main result in Svensson (2017) and its previous versions is that, given current knowledge and empirical estimates, the cost of using monetary policy to \lean against the wind" for financialstability purposes exceeds the benefit by a substantial margin. Adrian and Liang (2016a) conduct a...
Persistent link: https://www.econbiz.de/10011637310
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The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009
Adrian, Tobias; Shin, Hyun Song - In: Annual Review of Economics 2 (2010) 1, pp. 603-618
. Balance-sheet growth of market-based financial intermediaries provides a window on liquidity in the sense of the availability …
Persistent link: https://www.econbiz.de/10009226024
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A Quantitative Model for the Integrated Policy Framework
Adrian, Tobias - 2020
Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify...
Persistent link: https://www.econbiz.de/10012826029
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Market liquidity after the financial crisis
Adrian, Tobias; Fleming, Michael J.; Shachar, Or; Vogt, Erik - 2017 - Revised June 2017
This paper examines market liquidity in the post-crisis era in light of concerns that regulatory changes might have … considering additional drivers of market liquidity. We document a stagnation of dealer balance sheets after the financial crisis … liquidity. …
Persistent link: https://www.econbiz.de/10011547707
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Liquidity and Financial Cycles
Adrian, Tobias; Shin, Hyun Song - 2013
the innovations in the VIX index. Aggregate liquidity can be seen as the rate of change of the aggregate balance sheet of …
Persistent link: https://www.econbiz.de/10014216388
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Prices and Quantities in the Monetary Policy Transmission Mechanism
Adrian, Tobias; Shin, Hyun Song - In: International Journal of Central Banking 5 (2009) 4, pp. 131-142
price (for example, the federal funds rate), the liquidity facilities affect balance-sheet quantities. The financial crisis …
Persistent link: https://www.econbiz.de/10008632958
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A Quantitative Microfounded Model for the Integrated Policy Framework
Adrian, Tobias; Erceg, Christopher J.; Kolasa, Marcin; … - 2022
results also emphasize the power of FXIs to provide domestic stimulus in a liquidity trap …
Persistent link: https://www.econbiz.de/10013306711
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Money, Liquidity, and Monetary Policy
Adrian, Tobias; Shin, Hyun Song - In: American Economic Review 99 (2009) 2, pp. 600-605
Persistent link: https://www.econbiz.de/10004999862
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The Non-U.S. Bank Demand for U.S. Dollar Assets
Adrian, Tobias - 2020
The USD asset share of non-U.S. banks captures the demand for dollars by these investors. An instrumental variable strategy identifies a causal link from the USD asset share to the USD exchange rate. Cross-sectional asset pricing tests show that the USD asset share is a highly significant...
Persistent link: https://www.econbiz.de/10012828241