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The Regulation on the Single Supervisory Mechanism mandates the European Central Bank to exercise prudential supervision on the banks located in the Euro area, whether directly by the Bank’s own services for the significant banks, or indirectly by the national prudential supervisors but under...
Persistent link: https://www.econbiz.de/10011589109
regulation and liquidity injection into the interbankmarket. Our aim is to understand the importance of supervisory and monetary … liquidity injections reduce financial instability but have ambiguous effects on output fluctuations. The model also confirms the …
Persistent link: https://www.econbiz.de/10011599187
-term liquidity insurance purposes and for longer-term funding purposes for issuing covered bonds or asset-backed securities. We then … explore the determinants of the choice of using bank loans for short-term liquidity insurance purposes or long-term funding …
Persistent link: https://www.econbiz.de/10011635012
This paper looks at the interplay of volatility and liquidity on the Euronext trading platform during the December 2 …-traded stocks on Euronext, we study the ex-ante liquidity vs volatility and ex-post liquidity vs volatility relationships to … ascertain if the high volatility led to decreases in liquidity and large trading costs. We show that the provision of liquidity …
Persistent link: https://www.econbiz.de/10011626249
This discussion paper investigates the differences existing between the Single Point of Entry and the Multiple Point of Entry resolution models and links this question to the issue of support that bank subsidiaries can expect from their parent companies both in resolution and in normal...
Persistent link: https://www.econbiz.de/10012605315
-Wicksellian model and then adds banks and a role for bonds in the liquidity management of households and banks. The Banks and Bonds …
Persistent link: https://www.econbiz.de/10011610151
Despite a large and growing theoretical literature on flights to safety, there does not appear to exist an empirical characterization of flight-to-safety (FTS) episodes. Using only data on bond and stock returns, we identify and characterize flight to safety episodes for 23 countries. On...
Persistent link: https://www.econbiz.de/10011590578
This document describes the development of a financial health indicator based on companies' financial statements. This indicator is conceived as a weighted combination of variables, which is obtained through a model discriminating between failing firms and non-failing firms. The definition of...
Persistent link: https://www.econbiz.de/10011596313
At the request of the Minister for Climate and Energy, Paul Magnette, who is also responsible for Consumer Affairs, the NBB's Microeconomic Analysis Service conducted an investigation into the link between payment arrears for mobile telephony and arrears on loan repayments. In this inquiry,...
Persistent link: https://www.econbiz.de/10011596315
risk drivers. The choice of the credit risk drivers is inspired by the Merton (1974) model. Individual CDS liquidity and … explaining credit spread changes. Our decomposition reveals, however, highly changing dynamics in the credit, liquidity, and … different signals from liquidity based CDS spread changes than from business cycle or credit risk based changes. For the recent …
Persistent link: https://www.econbiz.de/10011596544