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distributional liquidity-shock crisis that causes a large disparity in the liquidity held by different banks, a central bank should …
Persistent link: https://www.econbiz.de/10003864510
persistence of liquidity shocks. Following a theory of long-term interbank funding a financial system which is modeled as a micro …
Persistent link: https://www.econbiz.de/10011434764
that banks respond to a negative funding liquidity shock in a number of ways. First, banks reduce lending, especially …
Persistent link: https://www.econbiz.de/10013118977
Persistent link: https://www.econbiz.de/10013259623
shock related to the U.S. tapering observed between May and September of 2013. We find that both liquidity shocks are …
Persistent link: https://www.econbiz.de/10011958312
Persistent link: https://www.econbiz.de/10003979875
In this paper we model the volatility of the spread between the overnight interest rate and the central bank policy rate (the policy spread) for the euro area and the UK during the two main phases of the financial crisis that began in late 2007. During the crisis, the policy spread exhibited...
Persistent link: https://www.econbiz.de/10003983199
In this paper we model the volatility of the spread between the overnight interest rate and the central bank policy rate (the policy spread) for the euro area and the UK during the two main phases of the financial crisis that began in late 2007. During the crisis, the policy spread exhibited...
Persistent link: https://www.econbiz.de/10009129975
Persistent link: https://www.econbiz.de/10012388563
Persistent link: https://www.econbiz.de/10002554954