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Sweden; Financial Sector Assessment Program Update: Technical Note on Reviewing the Systemic Liquidity Risk Management Framework
International Monetary Fund (IMF); International … - 2011
The Swedish banking system faced a severe liquidity strain during the global financial crisis owing to their extensive … recommendations made in the Financial Sector Assessment Program (FSAP) Update in the area of systemic liquidity risk management …, especially in relatively weak areas and some aspects of Riksbank’s domestic liquidity toolkit. But it does not cover a range of …
Persistent link: https://www.econbiz.de/10011243697
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Toward a Framework for Systemic Liquidity Policy
Hobbs, J. Kimball; Dziobek, Claudia Helene; Marston, David - International Monetary Fund (IMF) - 2000
International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper … explores a framework to assess arrangements for market liquidity and lays out elements of systemic liquidity policy. Robust … arrangements for liquidity provide confidence to market participants that liquidity can be mobilized on demand in a predictable and …
Persistent link: https://www.econbiz.de/10005604876
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Individual Search and Social Networks
Goyal, Sanjeev; Rosenkranz, Stephanie; Weitzel, Utz; … - Fondazione ENI Enrico Mattei (FEEM) - 2014
The explosion in online social networks motivates an enquiry into their structure and their welfare effects. A central feature of these networks is information sharing: online social networks lower the cost of getting information from others. These lower costs affect the attractiveness of...
Persistent link: https://www.econbiz.de/10010781878
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Opinion Dynamics and Wisdom under Conformity
Buechel, Berno; Hellmann, Tim; Kölßner, Stefan - Fondazione ENI Enrico Mattei (FEEM) - 2014
We study a dynamic model of opinion formation in social networks. In our model, boundedly rational agents update opinions by averaging over their neighbors' expressed opinions, but may misrepresent their own opinion by conforming or counter-conforming with their neighbors. We show that an...
Persistent link: https://www.econbiz.de/10010781882
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Trust and Manipulation in Social Networks
Förster, Manuel; Mauleon, Ana; Vannetelbosch, Vincent J. - Fondazione ENI Enrico Mattei (FEEM) - 2014
We investigate the role of manipulation in a model of opinion formation. Agents repeatedly communicate with their neighbors in the social network, can exert effort to manipulate the trust of others, and update their opinions about some common issue by taking weighted averages of neighbors'...
Persistent link: https://www.econbiz.de/10010781888
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How Homophily Affects Learning and Diffusion in Networks
Golub, Benjamin; Jackson, Matthew O. - Fondazione ENI Enrico Mattei (FEEM) - 2009
We examine how three different communication processes operating through social networks are affected by homophily - the tendency of individuals to associate with others similar to themselves. Homophily has no effect if messages are broadcast or sent via shortest paths; only connection density...
Persistent link: https://www.econbiz.de/10005008021
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Naïve Learning in Social Networks: Convergence, Influence and Wisdom of Crowds
Jackson, Matthew O.; Golub, Benjamin - Fondazione ENI Enrico Mattei (FEEM) - 2007
We study learning and influence in a setting where agents communicate according to an arbitrary social network and naïvely update their beliefs by repeatedly taking weighted averages of their neighbors’ opinions. A focus is on conditions under which beliefs of all agents in large societies...
Persistent link: https://www.econbiz.de/10005423267
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What Drives the POLONIA Spread in Poland?
Lu, Yinqiu - International Monetary Fund (IMF) - 2012
the existence of the structural liquidity in the banking system; bank’s unwillingness to lock up liquidity in the NBP … also shows the effectiveness of the NBP’s responses to the financial crisis and structural liquidity surplus. …
Persistent link: https://www.econbiz.de/10011142119
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How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis
International Monetary Fund (IMF); International … - 2009
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction …
Persistent link: https://www.econbiz.de/10008559268
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Bank Credit During the 2008 Financial Crisis; A Cross-Country Comparison
Aisen, Ari; Franken, Michael - International Monetary Fund (IMF) - 2010
as financial depth and integration were also relevant. Finally, countercyclical monetary policy and liquidity played a …
Persistent link: https://www.econbiz.de/10008519493