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Post-Crisis Bank Liquidity Risk Management Disclosure
Asongu, Simplice A. - 2010
Purpose - This work seeks to investigate post-crisis measures banks have adopted in a bid to manage liquidity risk. It … is based on the fact that the financial liquidity market was greatly affected during the recent economic turmoil and … financial meltdown. During the crisis, liquidity risk management disclosure was crucial for confidence building in market …
Persistent link: https://www.econbiz.de/10011390763
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A dynamic theory of collateral quality and long-term interventions
Lee, Michael Junho; Neuhann, Daniel - 2019
liquidity over incentives. Optimal interventions with commitment call for large, long-term subsidies in excess of what is … required to restore liquidity. …
Persistent link: https://www.econbiz.de/10012144737
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Target balances and the German financial account in light of the European balance-of-payments crisis
Sinn, Hans-Werner; Wollmershäuser, Timo - 2012
As shown in Sinn and Wollmershäuser (2012a), during the European balance-of-payments crisis, inter-governmental credit and Target credit granted by core-country central banks have replaced private international capital flows in financing the crisis countries' current account deficits, and even...
Persistent link: https://www.econbiz.de/10010291492
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Do we need central bank digital currency? Economics, technology and institutions
Gnan, Ernest (contributor); Masciandaro, Donato (contributor) - 2018
Persistent link: https://www.econbiz.de/10011985213
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Target-Salden und die deutsche Kapitalbilanz im Zeichen der europäischen Zahlungsbilanzkrise
Sinn, Hans-Werner; Wollmershäuser, Timo - 2012
Die Europäische Währungsunion steckt in einer tiefen Zahlungsbilanzkrise. Privates Kapital fließt imgroßen Stil von den Peripherieländern in die Kernländer. Um den Fortbestand des Euro zugewährleisten treten öffentliche, intergouvernementale Kredite und Target-Kredite der...
Persistent link: https://www.econbiz.de/10010312048
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Target-Kredite, Leistungsbilanzsalden und Kapitalverkehr: Der Rettungsschirm der EZB
Sinn, Hans-Werner; Wollmershäuser, Timo - 2011
Die Europäische Währungsunion steckt in einer tiefen Zahlungsbilanzkrise. Insbesondere Griechenland, Irland, Portugal und Spanien wiesen in der Vergangenheit Leistungsbilanzdefizite auf, die sich bis März 2011 auf 314 Milliarden Euro akkumulierten. Dies entspricht dem Stand der aggregierten...
Persistent link: https://www.econbiz.de/10010312118
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Target-balances: The Greek examples
Krueger, Malte - 2013
This article looks at the evolution of the Target balance of the Greek central bank. It is shown that in the first 18 months 'after Lehman', lending policy has been relatively lax, contributing to the increase of Target deficits. However, from spring 2010 onwards, there has been a slowburning...
Persistent link: https://www.econbiz.de/10010369505
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The power of forward guidance and the fiscal theory of the price level
McClung, Nigel - 2018
Standard New Keynesian models predict implausibly large and favorable responses of inflation and output to expansionary forward guidance on interest rates. We find that the introduction of permanent or recurring active fiscal policy dampens the response of output and inflation to forward...
Persistent link: https://www.econbiz.de/10012148360
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Target-Salden und die deutsche Kapitalbilanz im Zeichen der europäischen Zahlungsbilanzkrise
Sinn, Hans-Werner; Wollmershäuser, Timo - In: Kredit und Kapital 45 (2012) 4, pp. 465-487
Target-Salden und die deutsche Kapitalbilanz im Zeichen der europäischen Zahlungsbilanzkrise Die Europäische Währungsunion steckt in einer tiefen Zahlungsbilanzkrise. Privates Kapital fließt im großen Stil von den Peripherieländern in die Kernländer. Um den Fortbestand des Euro zu...
Persistent link: https://www.econbiz.de/10014521838
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How Much Fiscal Backing Must the ECB Have? – The Euro Area is not the Philippines
Belke, Ansgar - 2010
The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ('repo'). This has led some commentators to argue that the ECB needs 'fiscal...
Persistent link: https://www.econbiz.de/10010270000