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Implications of bank ownership for the credit channel ofmonetary policy transmission:Evidence from India
Bhaumik, Sumon Kumar; Dang, Vinh; Kutan, Ali M. - William Davidson Institute <Ann Arbor, Mich.> - 2010
crisis has led to significant state ownership of banking assets in developedcountries such as the United Kingdom. These …
Persistent link: https://www.econbiz.de/10009360487
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Provision of liquidity through the primary credit facility during the financial crisis: a structural analysis
Artuç, Erhan; Demiralp, Selva - 2009
Over the course of the recent liquidity crisis, the Federal Reserve made several changes to its primary credit lending facility such as narrowing the spread between the primary credit rate and the target funds rate and increasing the term of the borrowing. In this paper, we use the model...
Persistent link: https://www.econbiz.de/10010273681
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The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933
Bordo, Michael D.; Wheelock, David C. - 2011
established to overcome the problems of the National Banking era, in particular an "inelastic" currency and the absence of an … window and bankers acceptance-purchase facilities were expected to solve the problems that had caused banking panics in the … National Banking era. Banking panics returned with a vengeance in the 1930s, however, and we examine why the Fed failed to live …
Persistent link: https://www.econbiz.de/10012143766
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Federal reserve policies and financial market conditions during the crisis
Brave, Scott A.; Genay, Hesna - 2011
During the recent financial crisis, the Federal Reserve implemented a series of extraordinary and unconventional policies to alleviate the impact of the crisis on financial markets and the economy. In this paper, we examine the effects of these policies on broad financial market conditions,...
Persistent link: https://www.econbiz.de/10010292196
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Responding to a shadow banking crisis: The lessons of 1763
Quinn, Stephen; Roberds, William - 2012
In August 1763, northern Europe experienced a financial crisis with numerous parallels to the 2008 Lehman Brothers episode. The 1763 crisis was sparked by the failure of a major provider of acceptance loans, a form of securitized credit resembling modern asset-backed commercial paper. The...
Persistent link: https://www.econbiz.de/10010292271
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Determinantes de la tasa interbancaria de préstamos en Argentina
Anastasi, Alejandra; Elosegui, Pedro; Sangiácomo, Máximo - 2009
This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in Argentina. The results show that the heterogeneous nature of the entities, in terms of size and origin of ownership, impacts on the interest rate agreed. Other additional aspects,...
Persistent link: https://www.econbiz.de/10010325101
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Unconventional monetary policy and risk-taking: Evidence from agency mortgage REITs
Frame, W. Scott; Steiner, Eva - 2018
We study how the Federal Reserve's quantitative easing (QE) influenced the behavior of Agency mortgage real estate investment trusts (REITs) - a set of institutions identified by the Financial Stability Oversight Council as posing systemic risk. We document that Agency mortgage REITs: [i] equity...
Persistent link: https://www.econbiz.de/10012030274
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Investigating credit transmission mechanism in the Republic of Macedonia: Evidence from Vector Error Correction Model
Eliskovski, Milan - 2018
that the Stiglitz and Weiss model better explains the banks' behavior in the Republic of Macedonia, that is the banking …
Persistent link: https://www.econbiz.de/10012109770
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Contagion effects of the Silicon Valley Bank run
Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023
This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in held-to-maturity securities, bank...
Persistent link: https://www.econbiz.de/10014540982
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The Norwegian overnight interbank market during the Covid pandemic
Akram, Qaisar Farooq; Findreng, Jon; Smith, Lyndsie - 2023
We analyse the behaviour of the Norwegian unsecured overnight interbank market in response to heightened uncertainty and the central bank's liquidity support measures following the Covid-19 pandemic. The liquidity measures enabled banks to fulfil their liquidity needs primarily through...
Persistent link: https://www.econbiz.de/10014551628