Showing 1 - 10 of 8,063
the level of policy rates at the time of the news release, and risk conditions: Government bond yields increase in … response to good news, but less so when risk is elevated. Risk conditions matter since they can capture the effects of … objectives of central banks, and the effect of news announcements on the risk premium. …
Persistent link: https://www.econbiz.de/10010333621
examined the determinants of Islamic banks performance. The conceptual model added risk-taking and cost efficiency as …The aim of this research is to develop a conceptual model that includes variables related to financing modes, risk …-taking, efficiency, and Islamic bank profitability in GCC Countries. The results indicate that the total effect of financing modes on …
Persistent link: https://www.econbiz.de/10012657593
On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Persistent link: https://www.econbiz.de/10011689944
The Great Recession has been characterised by the two stylized facts: the buildup of leverage in the household sector in the period preceding the recession and a protracted economic recovery that followed. We attempt to explain these two facts as an information friction, whereby agents are...
Persistent link: https://www.econbiz.de/10011804383
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements …
Persistent link: https://www.econbiz.de/10011605257
effective risk management strategies. The decline in the ratio of SME nonperforming loans to total SME loans attests to prudent …
Persistent link: https://www.econbiz.de/10012012668
This paper studies segmentation and efficiency of the interbank market in Kenya. The study utilizes network framework … market has limited its ability to facilitate banks' liquidity management strategy. The case studies show that the efficiency …
Persistent link: https://www.econbiz.de/10012807502
We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....
Persistent link: https://www.econbiz.de/10010500275
The major strand of finance literature understands market efficiency through the market's ability to process …, deploying the second definition, suggests a concept of static efficiency, and claims this can also be seen as a measure of … market quality. The paper develops a measure of qualitative static efficiency for bond markets built on four indicators …
Persistent link: https://www.econbiz.de/10010320028
This paper shows that order flow determines future bond excess returns. This effect cannot be captured by macroeconomic or forward rate information. To understand how these variables influence future bond excess returns, we decompose excess returns into expected and unexpected excess returns....
Persistent link: https://www.econbiz.de/10010294425