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Financial Intermediary Balance Sheet Management

Adrian, Tobias; Shin, Hyun Song - In: Annual Review of Financial Economics 3 (2011) 1, pp. 289-307

Conventional discussions of balance sheet management by nonfinancial firms take the set of positive net present value … equity and debt in funding such assets. In contrast, the balance sheet management of financial intermediaries reveals that it …

Persistent link: https://www.econbiz.de/10010603951

Financial intermediary balance sheet management

Adrian, Tobias; Shin, Hyun Song - 2011

Conventional discussions of balance sheet management by nonfinancial firms take the set of positive net present value … and debt in funding such assets. In contrast, the balance sheet management of financial intermediaries reveals that it is …

Persistent link: https://www.econbiz.de/10010287144

Financial Regulation in a System Context

Morris, Stephen; Shin, Hyun Song - In: Brookings Papers on Economic Activity 39 (2008) 2 (Fall), pp. 229-274

Persistent link: https://www.econbiz.de/10009001892

Exploring the Dynamics of Global Liquidity

Sally F. (Sally Fangnan) Chen; Liu, Philip; Maechler, … - International Monetary Fund (IMF) - 2012

This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two … sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial … between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …

Persistent link: https://www.econbiz.de/10010790397

Global Liquidity through the Lens of Monetary Aggregates

Chung, Kyuil; Lee, Jong-Eun; Loukoianova, Elena; Park, Hail - International Monetary Fund (IMF) - 2014

NFCs, who channel capital market financing into the domestic banking system, thereby influencing funding conditions and … credit availability. Periods of capital inflows are also those when the domestic currency is appreciating, and such periods …

Persistent link: https://www.econbiz.de/10011142187

The Broad Yen Carry Trade

Hattori, Masazumi; Shin, Hyun Song - Institute for Monetary and Economic Studies, Bank of Japan - 2007

Yen carry trades have traditionally been viewed in narrow terms purely as a foreign exchange transaction. However, evidence from the waxing and waning of balance sheets of foreign banks operating in Japan points to a broader notion of the carry trade. Yen liabilities fund not only pure currency...

Persistent link: https://www.econbiz.de/10004975764

Liquidity Black Holes

Morris, Stephen; Shin, Hyun Song - School of Management, Yale University - 2004

run are generated. A "liquidity black hole" is the analogue of the run outcome in a bank run model. Short horizon traders … liquidity black hole comes into existence. Empirical implications include the sharp V-shaped pattern in prices around the time … of the liquidity black hole. …

Persistent link: https://www.econbiz.de/10005368998

Liquidity and financial cycles

Adrian, Tobias; Shin, Hyun Song - Bank for International Settlements (BIS) - 2008

the innovations in the VIX index. Aggregate liquidity can be seen as the rate of change of the aggregate balance sheet of …

Persistent link: https://www.econbiz.de/10005127750

Liquidity Black Holes

Morris, Stephen; Shin, Hyun Song - Cowles Foundation for Research in Economics, Yale University - 2003

Persistent link: https://www.econbiz.de/10005463975

Liquidity Black Holes

Shin, Hyun Song; Morris, Stephen - Econometric Society - 2004

bank run are generated. A "liquidity black hole" is the analogue of the run outcome in a bank run model. Short horizon … liquidity black hole comes into existence. Empirical implications include the sharp V-shaped pattern in prices around the time … of the liquidity black hole …

Persistent link: https://www.econbiz.de/10005328990