Showing 1 - 10 of 529
, however, the bank can readjust the level of risk after the deposit rate is contracted, market discipline leads to an increase …
Persistent link: https://www.econbiz.de/10011430018
This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in …
Persistent link: https://www.econbiz.de/10010325101
We survey the theories of why banks promise to pay par on demand and examine evidence about the conditions under which banks have promised to pay the par value of deposits and banknotes on demand when holding only fractional reserves. The theoretical literature can be broadly divided into four...
Persistent link: https://www.econbiz.de/10010292267
This paper analyzes empirically the relationship between money market uncertainty and unexpected deviations in retail interest rates in a sample of 10 OECD countries. We find that, with the exception of the US, money market uncertainty has only a modest impact on the conditional volatility of...
Persistent link: https://www.econbiz.de/10010294575
differences. Eleven Austrian bank lending and deposit rates are utilized to illustrate the pass-through of impulses from monetary …
Persistent link: https://www.econbiz.de/10010294598
This paper examines the pass-through from the market interest to the rate charged on bank loans using aggregate data …
Persistent link: https://www.econbiz.de/10010294876
We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the … overnight index swap. We have price data at the individual bank level and, unique to this paper, data on individual banks …
Persistent link: https://www.econbiz.de/10010315393
It is well known that asset allocation policy is the major determinant of fundperformance. However, there is substantial disagreement about the exactmagnitude of the contribution of asset allocation. Following the approach inIbbotson and Kaplan (2000), we use German and Swiss balanced mutualfund...
Persistent link: https://www.econbiz.de/10005866704
This paper analyzes the determinants of bank acquisitions both within and across 25 members of the European Union (EU …
Persistent link: https://www.econbiz.de/10010292345
The profit-maximizing and oligopoly bank model developed by Bresnahan and Lau allows determining the degree of market … power held by an average bank. The equilibrium price equation includes a mark up, which is not used in the case of perfect …
Persistent link: https://www.econbiz.de/10010325100