Showing 1 - 10 of 34,844
Through explicitly incorporating analysts' forecasts as observable factors in a dynamic arbitrage- free model of the yield curve, this paper proposes a framework for studying the impact of shifts in market sentiment on interest rates of all maturities. An empirical examination reveals that...
Persistent link: https://www.econbiz.de/10005076986
Through explicitly incorporating analysts' forecasts as observable factors in a dynamic arbitrage-free model of the yield curve, this research proposes a framework for studying the impact of shifts in market sentiment on interest rates of all maturities. An empirical examination reveals that...
Persistent link: https://www.econbiz.de/10009141796
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/10008544608
We prove the existence of monetary equilibrium in a finite horizon economy with production. We also show that if agents expect the monetary authority to significantly decrease the supply of bank money available for short term loans in the future, then the economy will fall into a liquidity trap...
Persistent link: https://www.econbiz.de/10005762579
We study overnight interbank interest rates paid by banks in Norway over the period 2006-2009. We observe large … variations in interest rates across banks and over time. During the financial crisis, the interest rates are found to be … substantially below indicative quotes of interest rates provided by major banks. Our econometric model attributes the interest rate …
Persistent link: https://www.econbiz.de/10008495299
identifying a host of factors that are likely to influence customer confidence in commercial banks such as average income …
Persistent link: https://www.econbiz.de/10011109246
The paper establishes that sovereigns, like banks, need a lender of last resort (LoLR). In the euro area the ECB, with … purchase periphery sovereign debt in the primary issue markets. The other half has been financial repression requiring banks in …, through loans by the national central banks to the IMF which on-lends them to these sovereigns. We recommend that, to increase …
Persistent link: https://www.econbiz.de/10011083551
This paper probes the role of banks and credit in our socio-economic system using the metaphor of banks as social … and debt growth, the paper also discusses the role of banks and regulators in facilitating the boom. It identifies three …
Persistent link: https://www.econbiz.de/10005055497
results suggest that banks fully adjust their loan interest rates to a change in the monetary policy rate, but we also observe …
Persistent link: https://www.econbiz.de/10010671681
Building on a new dataset on Italian banks and other financial corporations from 1861 to 2011, the novelty of this … paper is to examine the patterns of the main items of bank’s balance sheets, such as deposits, capital and reserves, bonds … savings, State ownership of banks, and bank interest rates is also studied. …
Persistent link: https://www.econbiz.de/10010850514