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Persistent link: https://www.econbiz.de/10009748603
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This study is motivated by the development of credit-related instruments and signals of stock price movements of large banks during the recent financial crisis. What is common to most of the empirical studies in this field is that they concentrate on modeling the conditional mean. However,...
Persistent link: https://www.econbiz.de/10008935244
Persistent link: https://www.econbiz.de/10012549036
This study is motivated by the development of credit-related instruments and signals of stock price movements of large banks during the recent financial crisis. What is common to most of the empirical studies in this field is that they concentrate on modeling the conditional mean. However,...
Persistent link: https://www.econbiz.de/10010209431
This study is motivated by the development of credit-related instruments and signals of stock price movements of large banks during the recent financial crisis. What is common to most of the empirical studies in this field is that they concentrate on modeling the conditional mean. However,...
Persistent link: https://www.econbiz.de/10009347974
Persistent link: https://www.econbiz.de/10013443844
inter-bank borrowing has gradually been replaced by collateralised central bank lending. This has in turn affected … collateral availability and the need for high-quality assets. The European Central Bank has reacted to this development by … accept bank loans as collateral). In the context of these developments, this article assesses and comments on various aspects …
Persistent link: https://www.econbiz.de/10011773240
Persistent link: https://www.econbiz.de/10003785833
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937