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Banks' Trading after the Lehman Crisis : The Role of Unconventional Monetary Policy
Podlich, Natalia - 2017
the change in eligibility criteria for collateral in central bank refinancing operations. Our results show that market … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on …
Persistent link: https://www.econbiz.de/10012952017
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The intraday interest rate: What's that?
Abbassi, Puriya; Fecht, Falko; Tischer, Johannes - 2015
We study the intraday interest rate in a CCP-based GC pooling repo market and its key determinants. Since collateral used in this market is identical to collateral eligible for the daylight overdraft facility of the Eurosystem, any intraday rate in this market cannot be a result of collateral...
Persistent link: https://www.econbiz.de/10011307511
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Banks' trading after the Lehman crisis: The role of unconventional monetary policy
Podlich, Natalia; Schnabel, Isabel; Tischer, Johannes - 2017
the change in eligibility criteria for collateral in central bank refinancing operations. Our results show that market … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on …
Persistent link: https://www.econbiz.de/10011672969
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Quantitative easing, portfolio rebalancing and credit growth: Micro evidence from Germany
Tischer, Johannes - 2018
This paper sheds light on the effect of quantitative easing (QE) on bank lending. Using data on German banks for 2014 … decrease stronger than loan market yields and for banks with equity constraints. These results imply that QE can affect bank …
Persistent link: https://www.econbiz.de/10011874691
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The Intraday Interest Rate : What's that?
Abbassi, Puriya - 2016
We study the intraday interest rate in a CCP-based GC pooling repo market and its key determinants. Since collateral used in this market is identical to collateral eligible for the daylight overdraft facility of the Eurosystem, any intraday rate in this market cannot be a result of collateral...
Persistent link: https://www.econbiz.de/10012988682