Showing 1 - 10 of 87
Persistent link: https://www.econbiz.de/10010191402
This paper describes the conceptual framework that guides assessments of financial stability risks for multilateral surveillance, as currently presented in the Global Financial Stability Report (GFSR). The framework emphasizes consistency in measuring financial vulnerabilities across countries...
Persistent link: https://www.econbiz.de/10012110942
In a financial system in which balance sheets are continuously marked to market, asset price changes appear immediately as changes in net worth, eliciting responses from financial intermediaries who adjust the size of their balance sheets. We document evidence that marked-to-market leverage is...
Persistent link: https://www.econbiz.de/10003781549
Persistent link: https://www.econbiz.de/10003992815
In a financial system in which balance sheets are continuously marked to market, asset price changes appear immediately as changes in net worth, eliciting responses from financial intermediaries who adjust the size of their balance sheets. We document evidence that marked-to-market leverage is...
Persistent link: https://www.econbiz.de/10014217747
Persistent link: https://www.econbiz.de/10003493985
We present evidence that the funding liquidity aggregates of U.S. financial intermediaries forecast exchange rate growth—at weekly, monthly, and quarterly horizons, both in-sample and out-of-sample, and for a large set of currencies. We estimate prices of risk using a cross-sectional asset...
Persistent link: https://www.econbiz.de/10003812554
Persistent link: https://www.econbiz.de/10012037067
Persistent link: https://www.econbiz.de/10012436783
Persistent link: https://www.econbiz.de/10003649185