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Nigeria : Strengthening Monetary and Liquidity Management

World Bank - 2013

liquidity in the financial system, partly caused by spending of oil receipts. In the face of persistent excess liquidity in the …; however, these had a limited impact on monetary aggregates. A structural excess liquidity is a common feature in oil exporting … monetary policy and liquidity management and discusses role of selective financial markets in improving liquidity management in …

Persistent link: https://www.econbiz.de/10012560066

Insurance and liquidity : panel evidence

Shankar, Rashmi - 2005

and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis …

Persistent link: https://www.econbiz.de/10010522552

Liquidity needs and vulnerability to financial underdevelopment

Raddatz, Claudio E. - 2003

Persistent link: https://www.econbiz.de/10010523276

Central Bank Tools and Liquidity Shortages

Cecchetti, Stephen G.; Disyatat, Piti - London School of Economics and Political Science

The global financial crisis that began in mid-2007 has renewedconcerns about financial instability and focused attention onthe fundamental role of central banks in preventing andmanaging systemic crises. In response to the turmoil, centralbanks have made extensive use of both new and existing...

Persistent link: https://www.econbiz.de/10005869394

Provision of Liquidity through the Primary Credit Facility during the Financial Crisis: A Structural Analysis

Artuç, Erhan; Demiralp, Selva - Koç Üniversitesi <İstanbul>; London School of …

In this paper, we assess the effects of changes to the primarycredit facility since August 2007 by performing out-of-samplesimulations based on a model developed by Artuç andDemiralp (2008). Our results are highly consistent with thepredictions of our 2008 study—that is, the revised...

Persistent link: https://www.econbiz.de/10005869395

The Timing and Funding of CHAPS Sterling Payments

Christopher Becher; Marco Galbiati; Merxe Tudela - London School of Economics and Political Science - 2008

This article investigates the factors influencing the timingand funding of payments in the CHAPS Sterling system,drawing where appropriate on comparisons with paymentactivity in Fedwire...

Persistent link: https://www.econbiz.de/10005869406

Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses

Bennett, Paul; Garbade, Kenneth; Kambhu, John - Federal Reserve Bank <New York, NY>; Leonard N. Stern …; … - 2000

trading and reduce liquidity. In particular, wesuggest eliminating end-of-month maturities for two-year debtand integrating …

Persistent link: https://www.econbiz.de/10005870027

Portfolio Credit Risk

Wilson, Thomas C. - McKinsey and Company <New York, NY>; London School of … - 1998

This paper describes a new and intuitive methodfor answering these technical questions by tabulating theexact loss distribution arising from correlated credit eventsfor any arbitrary portfolio of counterparty exposures, downto the individual contract level, with the losses measuredon a...

Persistent link: https://www.econbiz.de/10005870073

UNEMPLOYMENT AND LIQUIDITY CONSTRAINTS

Hajivassiliou, Vassilis; Ioannides, Yannis M. - London School of Economics and Political Science - 2006

We present a dynamic framework for the interaction between borrowing (liquidity) constraints and deviationsof actual … liquidity constrained by means of a dynamic binary probitmodel. We analyze qualitative aspects of the conditions of employment … the basic theory of constrained behavior andthe interaction between liquidity constraints and exogenous constraints on …

Persistent link: https://www.econbiz.de/10008939828

Family Income and Tertiary Education Attendance acrossthe EU: An empirical assessment using sibling data

Vandenberghe, Vincent - London School of Economics and Political Science - 2007

There is plenty of evidence across the EU to suggest that young people from poorerbackgrounds are less likely to attend tertiary education than their better-off peers. Thiscorrelation is often used to justify monetary transfers to families with students. It isnot clear, however, that these...

Persistent link: https://www.econbiz.de/10009353994