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, particularly during different crisis type periods and origins. Foreign state-controlled banks' loan growth rates are higher than … credit growth during a home banking crisis, while foreign private-owned banks increase lending in the host countries … structure during the global financial crisis of 2008 and gain in importance in the post-crisis period. …
Persistent link: https://www.econbiz.de/10013193442
explanation for observed developments in the interbank market before and during the 2007-09 financial crisis (dramatic increases …
Persistent link: https://www.econbiz.de/10009640453
volatility of interest rates in secured markets. We use the model to discuss various policy responses to the crisis …
Persistent link: https://www.econbiz.de/10009640472
This paper studies the relationship between the size of the banking sector’s refinancing needs vis-à-vis the central bank and auction rates in its open market operations in times of financial market stress. In a theoretical model, it is found that marginal rates at central bank auctions may...
Persistent link: https://www.econbiz.de/10009640515
equilibrium is characterized by a deep market with highly leveraged banks. The crisis times equilibrium is characterized by bank …
Persistent link: https://www.econbiz.de/10009640693
Unsecured interbank money market rates such as the Euribor increased strongly with the start of the financial market turbulences in August 2007. There is clear evidence that these rates reached levels that cannot be explained alone by higher credit risk. This article presents this evidence and...
Persistent link: https://www.econbiz.de/10003832311
explanation for observed developments in the interbank market before and during the 2007-09 financial crisis (dramatic increases … banks to restore interbank activity). We use the model to discuss various policy responses. - Financial crisis ; Interbank …
Persistent link: https://www.econbiz.de/10003969274
) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …
Persistent link: https://www.econbiz.de/10003993969
volatility of interest rates in secured markets. We use the model to discuss various policy responses to the crisis. -- Financial … crisis ; Interbank market ; Liquidity ; Credit risk ; Collateral …
Persistent link: https://www.econbiz.de/10003963805
-term interest rates do not soften lending standards. Finally, countries with softer lending standards before the crisis related to … origins of the crisis and have important policy implications. - Lending standards ; monetary policy ; securitization ; bank …
Persistent link: https://www.econbiz.de/10008659386