Similar Search Results

Ackermann, Josef (contributor) - 2012

Persistent link: https://www.econbiz.de/10013439726

Der Euro in stürmischen Zeiten : Beiträge von Otmar Issing zur Wirtschafts- und Währungspolitik am Center for Financial Studies 2006-2015

Issing, Otmar - Center for Financial Studies - 2016

Persistent link: https://www.econbiz.de/10011478326

A tractable model of precautionary reserves, net foreign assets, or sovereign wealth funds

Carroll, Christopher D.; Jeanne, Olivier - Center for Financial Studies - 2009

We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...

Persistent link: https://www.econbiz.de/10010958754

Central counterparties

Koeppl, Thorsten V.; Monnet, Cyril - Center for Financial Studies - 2008

Central counterparties (CCPs) have increasingly become a cornerstone of financial markets infrastructure. We present a model where trades are time-critical, liquidity is limited and there is limited enforcement of trades. We show a CCP novating trades implements efficient trading behaviour. It...

Persistent link: https://www.econbiz.de/10010958500

Performance-sensitive debt: The intertwined effects of performance measurement and pricing grid asymmetry

Bannier, Christina E.; Wiemann, Markus - Center for Financial Studies - 2014

This paper studies the use of performance pricing (PP) provisions in debt contracts and compares accounting-based with rating-based pricing designs. We find that rating-based provisions are used by volatile-growth borrowers and allow for stronger spread increases over the credit period....

Persistent link: https://www.econbiz.de/10010958543

Collateral, default risk, and relationship lending: An empirical study on financial contracting

Elsas, Ralf; Krahnen, Jan Pieter - Center for Financial Studies - 2000

lending, borrower quality and collateral as a key variable in loan contract design. We used a unique data set based on the … borrower quality and the incidence or degree of collateralization. Our results indicate that the use of collateral in loan … housebanks do require more collateral from their debtors, thereby increasing the borrower's lock-in and strengthening the banks …

Persistent link: https://www.econbiz.de/10010958616

Collateral, relationship lending and financial distress: An empirical study on financial contracting

Elsas, Ralf; Krahnen, Jan Pieter - Center for Financial Studies - 2002

This paper analyses the role of collateral in loan contracting when companies are financed by multiple bank lenders and … the view that collateral is a strategic instrument intended to influence the bargaining position of banks. Our result …

Persistent link: https://www.econbiz.de/10010958813

Economic integration and the exchange rate regime: How damaging are currency crises?

Weber, Axel A.; Beck, Günter W. - Center for Financial Studies - 2003

We use consumer price data for 205 cities/regions in 21 countries to study PPP deviations before, during and after the major currency crises of the 1990s. We combine data from industrialized nations in North America (Unites States, Canada and Mexico), Europe (Germany, Italy, Spain and Portugal),...

Persistent link: https://www.econbiz.de/10010986453

Financial contagion: Spillovers through banking centers

Van Rijckeghem, Caroline; Weder, Beatrice - Center for Financial Studies - 1999

This paper presents evidence that spillovers through shifts in bank lending can help explain the pattern of contagion. To test the role of bank lending in transmitting currency crises we examine a panel of data on capital flows to 30 emerging markets disaggregated by 11 banking centers. In...

Persistent link: https://www.econbiz.de/10010958810

The broken buck stops here: Embracing sponsor support in money market fund reform

Fisch, Jill E. - Center for Financial Studies - 2014

Since the 2008 financial crisis, in which the Reserve Primary Fund "broke the buck," money market funds (MMFs) have been the subject of ongoing policy debate. Many commentators view MMFs as a key contributor to the crisis because widespread redemption demands during the days following the Lehman...

Persistent link: https://www.econbiz.de/10010986421