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We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...
Persistent link: https://www.econbiz.de/10009640348
We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …
Persistent link: https://www.econbiz.de/10009635892
experiment to examine the effect of government guarantees on bank risk taking, using a large data set of matched bank …
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focus on cooperation with developing countries in Asia. …
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The “Evaluation of the European Union's regional co-operation with Asia − Regional Level Evaluation” was commissioned … the wider public with an overall independent assessment of the EU’s past and current co-operation relations with Asia; To …
Persistent link: https://www.econbiz.de/10011625004
The present report provides an overview and discussion on the overall implementation of the Facility from April 2013 to December 2016. It covers the overall and quantified results of SOCIEUX, but also includes detailed information on actions completed in each country. Tables calculations have...
Persistent link: https://www.econbiz.de/10011799509