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Central Bank Tools and Liquidity Shortages

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

, centralbanks have made extensive use of both new and existing toolsfor supplying central bank money to financial institutions …

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

An Economic Analysis of Liquidity-Saving Mechanisms

Martin, Antoine; McAndrews, James - London School of Economics and Political Science - 2008

modelof the behavior of parties, which for simplicity we refer to asbanks. Each bank has particular motivations and …

Persistent link: https://www.econbiz.de/10005869402

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

[...]Our first suggestion is to reduce the fragmentation oftrading in STRIPS by assigning the same CUSIP number to allSTRIPS maturing on a common date—thus making thoseSTRIPS fungible with each other. In addition to enhancing theliquidity of the STRIPS market, this action would ensure...

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 hours from desired hours, both measured by discrete-valued indicators, and estimate it as a systemof dynamic binary and ordered probit models with panel data from the Panel Study...

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

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

Banks’ Payments-Driven Revenues

Radecki, Lawrence J. - Federal Reserve Bank <New York, NY>; London School of … - 1999

bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …

Persistent link: https://www.econbiz.de/10005870063

Supervisory Information and the Frequency of Bank Examinations

Hirtle, Beverly J.; López, José A. - Federal Reserve Bank <New York, NY>; London School of … - 1999

length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …

Persistent link: https://www.econbiz.de/10005870064