been a significant decline in the interconnectedness in the pledged collateral market between banks and non-banks. We find … monetary aggregates (largely due to QE efforts in US, Euro area and UK), and discuss the overall financial lubrication that …

money and collateral matter. Some central banks are now a major player in the collateral markets. Analogous to a coiled … spring, the larger the quantitative easing(QE) efforts, the longer the central banks will impact the collateral market and …

banks and other financial institutions exchange collateral (such as bonds and equities) for money. Furthermore, the use of …

The aim of this paper is twofold: first, to study the determinants of banks' net interest margin with a particular … for banks from the relaxation of a binding prudential limit on maturity mismatch, in place in Italy until mid-2000s. The … leading to systemic vulnerabilities - increases banks' interest rate risk exposure and lowers their net interest margin …

banks in the early 2000s propelled the financial system and the economy into crisis. While these findings should not be … governing interactions between regulators and banks. Enhanced transparency of regulatory decisions as well as strenghtened …