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Liquidity support and distress resilience in bank-affiliated mutual funds
Bagattini, Giulio; Fecht, Falko; Maddaloni, Angela - 2023
cash buffers in comparison with their unaffiliated peers. Banks provide liquidity support to distressed affiliated funds by … complementarities in investors' redemptions. Liquidity support and other benefits of bank affiliation are conditional on the financial …
Persistent link: https://www.econbiz.de/10014374587
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Liquidity Support and Distress Resilience in Bank-Affiliated Mutual Funds
Bagattini, Giulio; Fecht, Falko; Maddaloni, Angela - 2023
cash buffers in comparison with their unaffiliated peers. Banks provide liquidity support to distressed affiliated funds by … complementarities in investors’ redemptions. Liquidity support and other benefits of bank affiliation are conditional on the financial …
Persistent link: https://www.econbiz.de/10014351464
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Security fungibility and the cost of capital: evidence from global bonds
Miller, Darius P.; Puthenpurackal, John J. - 2005
these securities on firms’ cost of capital, issuing costs, liquidity and shareholder wealth. Using a sample of 230 Global …
Persistent link: https://www.econbiz.de/10011604472
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Financial factors in economic fluctuations
Christiano, Lawrence; Rostagno, Massimo; Motto, Roberto - 2010
Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that …
Persistent link: https://www.econbiz.de/10011605238
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Financial Factors in Economic Fluctuations
Christiano, Lawrence J.; Motto, Roberto; Rostagno, Massimo - 2021
Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that …
Persistent link: https://www.econbiz.de/10013316211
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Bank bias in Europe: effects on systemic risk and growth
Langfield, Sam; Pagano, Marco - 2015
Europe’s financial structure has become strongly bank-based – far more so than in other economies. We document that an increase in the size of the banking system relative to equity and private bond markets is associated with more systemic risk and lower economic growth, particularly during...
Persistent link: https://www.econbiz.de/10011605842
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Bank Bias in Europe : Effects on Systemic Risk and Growth
Langfield, Sam - 2015
Europe's financial structure has become strongly bank-based – far more so than in other economies. We document that an increase in the size of the banking system relative to equity and private bond markets is associated with more systemic risk and lower economic growth, particularly during...
Persistent link: https://www.econbiz.de/10013020657
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Credit risk transfers and the macroeconomy
Faia, Ester - 2010
credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets …
Persistent link: https://www.econbiz.de/10011605302
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LOLR policies, banks' borrowing capacities and funding structures
Corradin, Stefano; Sundaresan, Suresh M. - 2022
We investigate banks' benefits and costs of having access to LOLR. Integrating novel data sets we estimate the borrowing capacities of euro area banks at the ECB. Controlling for ratings, we find that banks with more fragile funding are likely to borrow more from the ECB during the great...
Persistent link: https://www.econbiz.de/10014278420
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Volatility Spillovers of Federal Reserve and ECB Balance Sheet Expansions to Emerging Market Economies
Apostolou, Apostolos - 2017
This paper examines volatility spillovers from changes in the size of the balance sheets of the Federal Reserve (FED … most susceptible to positive volatility spillovers from both the FED and ECB in terms of magnitude. Positive volatility … about ten. By contrast, we find that EME stock markets are subject to negative volatility spillovers. Moreover, we find only …
Persistent link: https://www.econbiz.de/10012958440