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Persistent link: https://www.econbiz.de/10005486713
This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banks� probability of default. By...
Persistent link: https://www.econbiz.de/10009350682
Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … new market, namely the significant �tiering� of the spreads paid by banks at issuance, finding that they mainly …
Persistent link: https://www.econbiz.de/10008626021
September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes … the issuance of government guaranteed bonds by banks, examining their impact on banks� funding and highlighting …
Persistent link: https://www.econbiz.de/10004964392
steeper than the one approved by the Basel Committee. Finally the difference between the spread/rating relation of banks and …
Persistent link: https://www.econbiz.de/10005113515
, to guarantee macro and financial stability, it is important to understand whether, and to what extent, banks are affected …
Persistent link: https://www.econbiz.de/10005609327
banks in the sample, according to their systemic importance scores. The methodology is then applied to EU and Eurozone … samples of banks to obtain their systemic importance ranking and SIFI lists. This is one of the first methodologies capable of … identifying systemically relevant banks at the European level. A statistical analysis and some geographical and historical …
Persistent link: https://www.econbiz.de/10011099597
The paper studies the transmission of monetary policy through its effects on the exchange rate and on long-term interest rates under different schemes of expectations formation, within the framework of the quaterly model of the Banca d'Italia (BIQM).
Persistent link: https://www.econbiz.de/10005671390
Persistent link: https://www.econbiz.de/10005780689
In many VARs, monetary policy shocks are identified with the least squares residuals from a regression of the federal funds rate on an assortment of variables. Such regressions appear to be structurally fragile and are at odds with other evidence on the nature of the Fed's reaction function;...
Persistent link: https://www.econbiz.de/10005780700