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How central is central counterparty clearing? A deep dive into a European repo market during the crisis

Ebner, André; Fecht, Falko; Schulz, Alexander - 2016

Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market participants, to provide a detailed description of the...

Persistent link: https://www.econbiz.de/10011483425

Multinational banks' deleveraging in the crisis driven by pre-crisis characteristics and behavior

Frey, Rainer - 2015

After the collapse of Lehman Brothers, a rapid and far-reaching shrinkage of international banks' assets with a focus on foreign claims took place. For the largest 67 German banking groups, we find that both their characteristics and behavior in the pre-crisis episode had repercussions for the...

Persistent link: https://www.econbiz.de/10011301346

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

Equity returns in the banking sector in the wake of the great recession and the European sovereign debt crisis

Chan-Lau, Jorge A.; Liu, Estelle X.; Schmittmann, Jochen M. - 2013

policymakers' efforts to strengthen bank capitalization. …

Persistent link: https://www.econbiz.de/10010322336

Traditional banks, shadow banks and the US credit boom: Credit origination versus financing

Unger, Robert - 2016

The US credit boom has been identified as one of the causes of the global financial crisis and the resulting debt overhang is seen as the primary reason for the weak economic recovery. Most of the existing literature links the credit boom to the emergence of the shadow banking system. This paper...

Persistent link: https://www.econbiz.de/10011460746

Pro-cyclical capital regulation and lending

Behn, Markus; Haselmann, Rainer; Wachtel, Paul - 2014

the Basel II agreement on the pro-cyclicality of bank lending and firms' access to funds during a recession. In response …

Persistent link: https://www.econbiz.de/10010435204

Competition for internal funds within multinational banks: Foreign affiliate lending in the crisis

Düwel, Cornelia; Frey, Rainer - 2012

We investigate how the lending activities of a multinational bank's affiliates located abroad are affected by funding … profitability have been stabilizing loan supply. By contrast, relying on short-term wholesale funding has increasingly proven to be … a disadvantage in the crisis, as inter-bank and capital markets froze. Besides, the more an affiliate abroad takes …

Persistent link: https://www.econbiz.de/10010310488

Repo funding and internal capital markets in the financial crisis

Düwel, Cornelia - 2013

markets) during the financial crisis has affected their provision of funds to their foreign branches and subsidiaries via bank … likely to withdraw bank-internal funds from their branches and subsidiaries located abroad. Among the three events, the … rescue of Bear Stearns triggered the largest contraction on internal capital markets from the part of the parent bank …

Persistent link: https://www.econbiz.de/10010312029