Showing 1 - 10 of 27
We examine the effects of collateral provision as a potential channel between funding liquidity tensions and the scarcity of market liquidity. This channel consists in transferring the credit risk associated with refinancing operations between financial institutions to market participants that...
Persistent link: https://www.econbiz.de/10010861364
Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the impact of this preferential treatment on banks' demand for government bonds. Using unique transaction-level data, our analysis suggests that preferential treatment in liquidity...
Persistent link: https://www.econbiz.de/10010812608
This paper presents an analysis on the sensitivity of the Dutch interbank payment system with respect to the value transferred and the amount of available collateral. The Dutch system can be characterised as a system with a few large and many relatively small participants.Historical data has...
Persistent link: https://www.econbiz.de/10005101806
This paper provides an overview of the literature on intraday credit in payment systems to date and explores the dilemma central banks face when deciding on their intraday credit policies. On the one hand, any strategy in which the costs of liquidity are not fully borne by payment system...
Persistent link: https://www.econbiz.de/10005101828
This paper assesses the impact of an operational failure at one of the biggest participants in the Dutch interbank payment system, varying the time at which the disruption takes place. Liquidity levels equal historical levels. The impact of such a disruption is quantified in terms of the...
Persistent link: https://www.econbiz.de/10005053799
The methods England took to restructure its public debt during the British Financial Revolution consisted of improving liquidity. Accordingly, the State sought to reestablish its solvability by basing its debt on tax revenues as well as to homogenize it, reduce its cost and improve the operation...
Persistent link: https://www.econbiz.de/10010707325
The methods England took to restructure its public debt during the British Financial Revolution consisted of improving liquidity. Accordingly, the State sought to reestablish its solvability by basing its debt on tax revenues as well as to homogenize it, reduce its cost and improve the...
Persistent link: https://www.econbiz.de/10010708572
global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in …
Persistent link: https://www.econbiz.de/10010784189
management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …
Persistent link: https://www.econbiz.de/10010784190
this distinction ? This paper shows that management control is a management performance process. The management control …For the Academics there is a difference between the teaching of management control and the practice of controllers. Why … process is build for the managers. Controllers are essentially in charge of financial dimensions. But performance is not only …
Persistent link: https://www.econbiz.de/10010708217