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In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …
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We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high … interest rates at end each period. In this context, central bank's interest-rate-smoothing policy causes high supply liquid be …
Persistent link: https://www.econbiz.de/10001512195
The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...
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that distance from the parent organization plays a significant role in this allocation, where distance is bank …
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Remarks at the New York Bankers Association Financial Services Forum, New York City.
Persistent link: https://www.econbiz.de/10010724934