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Transparency in the Interbank Market and the Volume of Bank Intermediated Loans
Broll, Udo; Eckwert, Bernhard - Fakultät Wirtschaftswissenschaften, Technische … - 2004
In this paper we study the impact of more transparency in the interbank market on the volume of bank intermediated … loans and on the profitability of the banking business. Transparency is modeled by means of the informational content of … publicly observable signals correlated to the random interbank interest rate. We find that more transparency may increase or …
Persistent link: https://www.econbiz.de/10009226154
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Interbank lending and the demand for central bank loans: A simple microfoundation
Pasche, Markus - 2010
The paper presents a simple model of banking behavior where portfolio, liquidity, and liability management determine simultaneously the demand and supply of borrowed reserves on the interbank market. As the central bank is one player in this market due to its refinancing policy, it is able to...
Persistent link: https://www.econbiz.de/10010281689
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Liquidity risk and funding cost
Bechtel, Alexander; Ranaldo, Angelo; Wrampelmeyer, Jan - 2019
We propose and test a new channel that links funding liquidity risk and interest rates in short-term funding markets. Borrowers with high liquidity risk are willing to pay a markup to lock in their funding, independent of risk premiums demanded by lenders. We test the channel using unique...
Persistent link: https://www.econbiz.de/10012050871
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Financial integration, specialization and systemic risk
Fecht, Falko; Grüner, Hans Peter; Hartmann, Philipp - 2008
This paper studies the implications of cross-border financial integration for financial stability when banks' loan portfolios adjust endogenously. Banks can be subject to sectoral and aggregate domestic shocks. After integration they can share these risks in a complete interbank market. When...
Persistent link: https://www.econbiz.de/10010298741
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Interbank Borrowing and Lending Between Financially Constrained Banks
Dietrich, Diemo - 2019
Some stylized facts about transactions among banks are not easily reconciled with coinsurance of short-term liquidity risks. In our model, interbank markets play a different role. We argue that lending to another bank can reduce a bank's overall portfolio risk through diversification. If...
Persistent link: https://www.econbiz.de/10012865583
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Relationship Lending in the Interbank Market and the Price of Liquidity
Bräuning, Falk - 2016
We empirically investigate the effect that relationship lending has on the availability and pricing of interbank liquidity. Our analysis is based on a daily panel of unsecured overnight loans between 1,079 distinct German bank pairs from March 2006 to November 2007, a period that includes the...
Persistent link: https://www.econbiz.de/10012984856
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Relationship Lending in the Interbank Market and the Price of Liquidity
Bräuning, Falk - 2016
This paper empirically investigates the effect of interbank relationship lending on banks' access to liquidity. Our analysis is based on German interbank payment data which we use to create a panel of unsecured overnight loans between 1079 distinct borrower-lender pairs. The data shows that...
Persistent link: https://www.econbiz.de/10012988824
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Interbank Rate Uncertainty and Bank Lending
Altavilla, Carlo; Carboni, Giacomo; Lenza, Michele; … - 2021
This paper investigates the effects of interbank rate uncertainty on lending rates to euro area firms. We introduce a novel measure of interbank rate uncertainty, computed as the cross-sectional dispersion in interbank market rates on overnight unsecured loans. Using proprietary bank-level data,...
Persistent link: https://www.econbiz.de/10013315349
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Multiple lending, credit lines and financial contagion
Cappelletti, Giuseppe; Mistrulli, Paolo Emilio - 2017
Multiple lending has been widely investigated from both an empirical and a theoretical perspective. Nevertheless, the implications of multiple lending for the stability of the banking system still need to be understood. By lending to a common set of borrowers, banks are interconnected and then...
Persistent link: https://www.econbiz.de/10011697357
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Interbank rate uncertainty and bank lending
Altavilla, Carlo; Carboni, Giacomo; Lenza, Michele; … - 2019
This paper investigates the effects of interbank rate uncertainty on lending rates to euro area firms. We introduce a novel measure of interbank rate uncertainty, computed as the cross-sectional dispersion in interbank market rates on overnight unsecured loans. Using proprietary bank-level data,...
Persistent link: https://www.econbiz.de/10012059036