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Persistent link: https://www.econbiz.de/10009486189
Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership … Indian experience with liberalization of the financial sector to inform this debate. Using bank-level data from 1991-2007, we …
Persistent link: https://www.econbiz.de/10014402207
This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks...
Persistent link: https://www.econbiz.de/10012103606
Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at … which the central bank remunerates banks' excess reserves. This unexpected development coincided with the start of the …
Persistent link: https://www.econbiz.de/10011978433
-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance …
Persistent link: https://www.econbiz.de/10009622451
Persistent link: https://www.econbiz.de/10010388860
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and regulated interest rates (lending and deposit rates), reflecting China''s gradual process of interest rate liberalization. We argue, using a theoretical model and empirical...
Persistent link: https://www.econbiz.de/10014402462
We propose a model of the interbank money market with an explicit role for central bank intervention and periodic … reserve requirements, and study the interaction of profit-maximizing banks with a central bank targeting interest rates at …
Persistent link: https://www.econbiz.de/10014399599
The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth …
Persistent link: https://www.econbiz.de/10014396171
-banking activities within a bank, money market funds, Triparty repo, OTC derivatives market, collateral with central banks, and issuance …
Persistent link: https://www.econbiz.de/10014395713