Similar Search Results

The price of money : now collateral policy affects the yield curve

Nyborg, Kjell G.; Woschitz, Jiri - 2021

Central-bank collateral policy governs the convertibility of assets into central-bank money provided directly by the central bank. Focusing on government bonds, we develop clean identification of variation in such convertibility by exploiting differential treatment of same-country government...

Persistent link: https://www.econbiz.de/10012799625

Central bank collateral frameworks

Nyborg, Kjell G. - 2015

on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …

Persistent link: https://www.econbiz.de/10011296085

Risky arbitrage and collateral policies

Zhang, Ally Quan - 2017 - Last Update: October 6, 2017

collateral constraint helps maintain the stability at the cost of market liquidity supply …

Persistent link: https://www.econbiz.de/10011874838

The collateral spread puzzle : why do repo rates often exceed unsecured rates?

Nyborg, Kjell G. - 2024

Persistent link: https://www.econbiz.de/10014581693

Firm response to competitive shocks : evidence from China's minimum wage policy

Hau, Harald; Huang, Yi; Wang, Gewei - 2016

The large regional variation in minimum wage levels in the period 2002-08 in China implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from...

Persistent link: https://www.econbiz.de/10011519046

Risk-taking incentives, governance, and losses in the financial crisis

Chesney, Marc; Stromberg, Jacob; Wagner, Alexander F. - 2010

We argue that incentives to take equity risk ("equity incentives") only partially capture incentives to take asset risk ("asset incentives"). This is because leverage, while central to the theory of risk shifting, is not explicitly considered by equity incentives. Employing measures of asset...

Persistent link: https://www.econbiz.de/10003979511

The (ir)relevance of disclosure of compliance with corporate governance codes : evidence from the German stock market

Nowak, Eric (contributor); Rott, Roland (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003370460

Examining the relationship between bank reputational disaster and sponsored money market fund flows

Akyildirima, Erdinc; Corbetc, Shaen; Ongenae, Steven; … - 2024

Persistent link: https://www.econbiz.de/10014533699

Liquidity management in banking : what is the role of leverage?

Vo, Quynh Anh - 2015

This paper proposes a positive theory of the links between banks' capitalisation and their liquidity risk taking, the … extent of fire-sale problems, and the severity of liquidity crises. In a basic framework with a single bank, we find that … banks' incentives to hold liquidity for precautionary reasons are increasing with their capital. In a continuum …

Persistent link: https://www.econbiz.de/10011506358

CDS central counterparty clearing liquidation : road to recovery or invitation to predation?

Tywoniuk, Magdalena - 2017

well as, regulatory implications for a Lender of Last Resort in various liquidity scenarios …

Persistent link: https://www.econbiz.de/10011870658