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Substitution between net and gross settlement systems : a concern for financial stability?
Craig, Ben R.; Fecht, Falko - 2011
While net settlement systems make more efficient use of liquidity than gross settlement systems, they are known to generate systemic risk. What does that tendency imply for the stability of the payments [or financial] system when the two settlement systems coexist? Do liquidity shortages induce...
Persistent link: https://www.econbiz.de/10009244343
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Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014
the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …
Persistent link: https://www.econbiz.de/10010471858
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Cross-border liquidity, relationships and monetary policy : evidence from the euro area interbank crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2015
Persistent link: https://www.econbiz.de/10010509620
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Banks, markets, and financial stability
Eder, Armin; Fecht, Falko; Pausch, Thilo - 2014
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
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Cross-Border Liquidity, Relationships and Monetary Policy : Evidence from the Euro Area Interbank Crisis
Abbassi, Puriya - 2016
the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …
Persistent link: https://www.econbiz.de/10012988708
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International financial integration, crises and monetary policy : evidence from the euro area interbank crises
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2017
Persistent link: https://www.econbiz.de/10011697371
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International financial integration, crises, and monetary policy : evidence from the Euro area interbank crises international financial integration, crises, and monetary policy : e...
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2017 - This version: July, 2017
We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank data, crisis and monetary policy shocks, and variation in loan terms to the same borrower on the same day by domestic versus foreign lenders. Crisis shocks reduce the supply of...
Persistent link: https://www.econbiz.de/10011704823
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Cross-border interbank liquidity, crises, and monetary policy
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - In: Journal of international economics 139 (2022), pp. 1-26
Persistent link: https://www.econbiz.de/10014281803
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Limits to international banking consolidation
Fecht, Falko; Grüner, Hans Peter - In: Open economies review 19 (2008) 5, pp. 651-666
Persistent link: https://www.econbiz.de/10003809008
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Limits to international banking consolidation
Fecht, Falko (contributor); Grüner, Hans Peter (contributor) - 2006
-European Bank mergers. In this paper we identify other more fundamental reasons for a limited degree of cross-country integration in …-border bank mergers. The paper derives the impact of different underlying stochastic structures on the optimal structure of cross … regional bank mergers. Imposing a symmetry restriction on the underlying stochastic structure of liquidity shocks we find that …
Persistent link: https://www.econbiz.de/10003408396