Narrow search
Showing 1 - 10 of 92
Cover Image
A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas; Salyer, … - 2013 - This Version: June 2013
rates of return to compensate agents for their relative lack of liquidity. Consistent with empirical findings, our model …
Persistent link: https://www.econbiz.de/10009753184
Cover Image
Monetary policy, asset prices, and liquidity in over-the-counter markets
Geromichalos, Athanasios; Herrenbrueck, Lucas - In: Journal of money, credit and banking : JMCB 48 (2016) 1, pp. 35-79
Persistent link: https://www.econbiz.de/10011516501
Cover Image
The strategic determination of the supply of liquid assets
Geromichalos, Athanasios; Herrenbrueck, Lucas - 2016
determine asset liquidity. In our model, two asset suppliers try to profit from the liquidity services their assets confer …. Asset liquidity is indirect in the sense that assets can be sold for money in over-the-counter (OTC) secondary markets … liquidity of two assets. Asset demand curves can slope upward for evenmodest degrees of increasing returns in the matching …
Persistent link: https://www.econbiz.de/10011478980
Cover Image
A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas; Salyer, … - In: Theoretical economics : TE ; journal of the Econometric … 11 (2016) 3, pp. 897-935
Persistent link: https://www.econbiz.de/10011584269
Cover Image
A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas M.; … - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 897-935
state to compensate agents for their relative lack of liquidity. Second, since the difference in the yield of short and long … liquidity. …
Persistent link: https://www.econbiz.de/10011671888
Cover Image
The real effects of financial disruptions in a monetary economy
Gabrovski, Miroslav; Geromichalos, Athanasios; … - 2023
Persistent link: https://www.econbiz.de/10014382866
Cover Image
A search-theoretic model of the term premium
Geromichalos, Athanasios; Herrenbrueck, Lucas M.; … - In: Theoretical Economics 11 (2016) 3, pp. 897-935
state to compensate agents for their relative lack of liquidity. Second, since the difference in the yield of short and long … liquidity. …
Persistent link: https://www.econbiz.de/10011599588
Cover Image
Credit supply - Identifying balance-sheet channels with loan applications and granted loans
Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; … - 2010
reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to …
Persistent link: https://www.econbiz.de/10011605225
Cover Image
Macroprudential Policy and Credit Supply
Peydró, José-Luis - In: Swiss Journal of Economics and Statistics 152 (2016) 4, pp. 305-318
In this paper we analyze financial crises, and the interactions of macroprudential policy and credit. Financial crises are recurrent systemic phenomena, often-triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment. Importantly for policy,...
Persistent link: https://www.econbiz.de/10011933347
Cover Image
Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil
Blanco Barroso, Joao; Barbone Gonzalez, Rodrigo; … - 2019
We show that countercyclical liquidity policy smooths credit supply cycles, with stronger crisis effects. For … identification, we exploit the Brazilian supervisory credit register and liquidity policy changes on reserve requirements, that … affected banks differentially and have a monetary and prudential purpose. Liquidity policy strongly attenuates both the credit …
Persistent link: https://www.econbiz.de/10012211193