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Cross-border transmission of emergency liquidity

Kick, Thomas; Koetter, Michael; Storz, Manuela - 2016

We show that emergency liquidity provision by the Federal Reserve transmitted to non-U.S. banking markets. Based on manually collected holding company structures of international banks, we can identify banks in Germany with access to U.S. facilities via internal capital markets. Using...

Persistent link: https://www.econbiz.de/10011538689

Interest rate shocks, competition and bank liquidity creation

Kick, Thomas - 2022

We study the effects of interest rate shocks (IRS) on banks’ liquidity creation. A unique supervisory data set from the Deutsche Bundesbank allows identifying banks’ liquidity creation for the real economy and the effects of banking market competition. Here, we employ a novel approach to...

Persistent link: https://www.econbiz.de/10013184357

You can‘t always get what you want (where you want it) : cross-border effects of the US money market fund reform

Fricke, Daniel; Greppmair, Stefan; Paludkiewicz, Karol - 2022

This paper documents significant cross-border effects of the 2014 US money market fund (MMF) reform on MMFs in the euro … area. As US-based prime MMFs became less money-like due to the reform, euro area-based prime MMFs received large inflows … prime funds in the euro area reduced their risk-taking. However, the industry became more concentrated overall and more …

Persistent link: https://www.econbiz.de/10012876146

Vulnerable asset management? : the case of mutual funds

Fricke, Christoph; Fricke, Daniel - 2017

Is the asset management sector a source of financial instability? This paper contributes to the debate by performing a macroprudential stress test in order to quantify systemic risks in the mutual fund sector. For this purpose we include the welldocumented flow-performance relationship as an...

Persistent link: https://www.econbiz.de/10011740280

Early warning indicators for the German banking system : a macroprudential analysis

Jahn, Nadya; Kick, Thomas - 2012

Over the past two decades, Germany experienced several periods of banking system instability rather than full-blown banking system crises. In this paper we introduce a continuous and forward-looking stability indicator for the banking system based on information on all financial institutions in...

Persistent link: https://www.econbiz.de/10009656141