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certificates of deposit (CDs) and Eurodollar deposits, as banks and investors sought ways around various regulations affecting …-term safe assets, especially Treasury bills. Banks appear to have issued these money market instruments as substitutes for other … types of funding. The integration of money markets and ability of banks to raise funds using a greater variety of …
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compared to banks, are likely to require significant adaptation in the design of supervisory stress tests (SSTs). We examine …
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We document several effects of the Liquidity Coverage Ratio (LCR) rule on dealers' financing and intermediation of securities. For identification, we exploit the fact that the US implementation is more stringent than that in foreign jurisdictions. In line with LCR incentives, US dealers reduce...
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explore this question using data from an unexpected disclosure of partial lists of banks that secretly borrowed from the … banks included on the lists in comparison with banks left off the lists. However, stigma dissipated for banks that were … revealed earlier after subsequent banks were revealed. Overall, the results suggest that an emergency lending facility that …
Persistent link: https://www.econbiz.de/10011708103
and risk taking activity. To overcome the endogeneity of bank-level reserve holdings to banks' other portfolio decisions …, within banks' loan portfolios …
Persistent link: https://www.econbiz.de/10011803753
The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation when first developed during the Great Depression. However, it has three major flaws. First, because homeowner equity accumulates slowly during the first decade, homeowners are...
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