Showing 1 - 10 of 324
Persistent link: https://www.econbiz.de/10012243488
Persistent link: https://www.econbiz.de/10013329681
Persistent link: https://www.econbiz.de/10010485260
Persistent link: https://www.econbiz.de/10001130579
Persistent link: https://www.econbiz.de/10001183909
How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms' assets and liabilities are denominated in nominal terms and predetermined when...
Persistent link: https://www.econbiz.de/10013116576
' funding structures jointly with that in their excess liquidity holdings. We find evidence that banks highly exposed to the …, importantly, the explicit consideration of the role of excess liquidity in our analysis …
Persistent link: https://www.econbiz.de/10012869955
reliance on retail deposit funding and the level of excess liquidity holdings may increase banks’ responsiveness to NIRP. We … segments. We are the first to document the importance of banks’ excess liquidity holdings for the effectiveness of NIRP …, pointing to a strong complementarity of NIRP with central bank liquidity injections, e.g. via asset purchases …
Persistent link: https://www.econbiz.de/10013221074
Persistent link: https://www.econbiz.de/10012264864
Persistent link: https://www.econbiz.de/10003586687