Showing 1 - 10 of 64,657
recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks’ willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its …
Persistent link: https://www.econbiz.de/10010192732
, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the … on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …
Persistent link: https://www.econbiz.de/10011296085
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from … concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability …
Persistent link: https://www.econbiz.de/10010238510
unique collateral leverage channel, which cannot be replicated by standard capital requirements. Through this channel, banks … can expand loan supply and deposit issuance when they face liquidity constraints, by raising the collateral value of their …
Persistent link: https://www.econbiz.de/10012585515
banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger … is influenced by exploitation of market power or economies of scale. Using a panel of 162 African banks for 2001 − 2011 …
Persistent link: https://www.econbiz.de/10011998518
There is a growing body of evidence that interest rate spreads in Africa are higher for big banks compared to small … banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger … is influenced by exploitation of market power or economies of scale. Using a panel of 162 African banks for 2001–2011, we …
Persistent link: https://www.econbiz.de/10011972611
Persistent link: https://www.econbiz.de/10011944433
Policy makers have argued that markets are not pricing climate risk appropriately yet, which may lead to a misallocation of resources and financial instability. Climate riskadjusted refinancing operations (CAROs) conducted by the central bank are one possible instrument to address this issue....
Persistent link: https://www.econbiz.de/10012544313
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from … by the individual banks in the European Central Bank's (ECB) weekly repo auctions. The bids measure each bank …
Persistent link: https://www.econbiz.de/10012988757
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from … by the individual banks in the European Central Bank's (ECB) weekly repo auctions. The bids measure each bank …
Persistent link: https://www.econbiz.de/10013032161