Similar Search Results

Do financial reforms help stabilize inequality?

Christopulos, Dēmētrēs K. (contributor); … - European Central Bank - 2015

We explore the relationship between financial reforms and income inequality using a panel of 29 countries over 1975-2005. We extend panel unit root tests to allow for the presence of some financial-reform covariates and further suggest an associated but novel, semi-parametric approach. Results...

Persistent link: https://www.econbiz.de/10015298939

Euro repo market : improvements for collateral and liquidity management

European Central Bank - 2015

The objective of the report is to define improvements to the repo market to better support collateral/liquidity …

Persistent link: https://www.econbiz.de/10015300037

Monetary and fiscal policy interactions : risks to price stability in times of high government debt

Checherita-Westphal, Cristina (contributor); … - European Central Bank - 2024

The change in macroeconomic conditions since the ECB's strategy review in 2021 towards an environment characterised by above-target inflation, high interest rates, and renewed concerns about elevated government debt has been a vocal reminder of the intricate interdependencies between monetary...

Persistent link: https://www.econbiz.de/10015321150

Internal governance risk management methodology

European Central Bank - 2024

The following sections provide a more detailed description of the methodology for assessing the internal governance and risk management (IGRM) of significant institutions as part of the Supervisory Review and Evaluation Process (SREP).

Persistent link: https://www.econbiz.de/10015322260

European statistics provided by the ESCB : the governance structure

European Central Bank - 2010

Persistent link: https://www.econbiz.de/10015311229

The market liquidity of interest rate swaps

Boudiaf, Ismael Alexander (contributor); … - European Central Bank - 2024

This paper studies market liquidity in interest rate swaps (IRS) before and during the global tightening of monetary … hedge interest rate risk. Hence, providing an understanding of this market and the drivers of market liquidity is a key … long-horizon swap contract denominated in EUR to construct seven liquidity measures. Taking a comprehensive approach, we ap …

Persistent link: https://www.econbiz.de/10015320846

Corporate reorganization and the reallocation of labor in bankruptcy

Bonfim, Diana (contributor); Nogueira, Gil (contributor) - European Central Bank - 2024

We analyze how corporate reorganization and liquidation change labor reallocation during bankruptcy using randomized judge assignments and linked Portuguese employer-employee and firm data. Reorganization reduces the negative effect of bankruptcy on employee earnings, even with most workers...

Persistent link: https://www.econbiz.de/10015275043

Rollover risk, liquidity, and macro-prudential regulation : N°1667, April 2014

Ahnert, Toni (contributor) - European Central Bank - 2014

I study rollover risk in the wholesale funding market when intermediaries can hold liquidity ex-ante and are subject to … fire sales ex-post. I demonstrate that precautionary liquidity restores multiple equilibria in a global rollover game. An … intermediate liquidity level supports both the usual run equilibrium and an efficient equilibrium. I provide a uniqueness …

Persistent link: https://www.econbiz.de/10015301809

Flight to liquidity and the great recession : N°1729, September 2014

Radde, Sören (contributor) - European Central Bank - 2014

Persistent link: https://www.econbiz.de/10015301857

Creditor protection, judicial enforcement and credit access : 1829 / July 2015

Maresch LL.M., Daniela (contributor); … - European Central Bank - 2015

We investigate the role of the judicial system on whether or not the firms obtain the credit they applied for, by looking at the strength of the creditor protection, the strength of property rights, the time for resolving a dispute, its costs and the number of procedures the plaintiff faces. We...

Persistent link: https://www.econbiz.de/10015298439