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The Effects of Liquidity Regulation on Bank Demand in Monetary Policy Operations
Rezende, Marcelo - 2018
banks submit in Term Deposit Facility operations, a Federal Reserve tool created to manage the quantity of central bank … banks when term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in …
Persistent link: https://www.econbiz.de/10012936122
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The costs and benefits of liquidity regulations : lessons from an idle monetary policy tool
Curfman, Christopher J.; Kandrac, John - 2019
We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high-quality liquid asset (HQLA) requirement around an...
Persistent link: https://www.econbiz.de/10012181216
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Liquidity Regulation and the Implementation of Monetary Policy
Bech, Morten L. - 2014
In addition to revamping existing rules for bank capital, Basel III introduces a new global framework for liquidity … on loans of one of these assets - central bank reserves - it is important to understand how this regulation may impact …
Persistent link: https://www.econbiz.de/10013059557
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Benefits and costs of liquidity regulation
Hoerova, Marie; Mendicino, Caterina; Nikolov, Kalin; … - 2018
cannot completely remove the need for Lender of Last Resort (LOLR) interventions by the central bank. Full compliance with …
Persistent link: https://www.econbiz.de/10011871958
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Macroprudential policy : a blessing or a curse?
Popoyan, Lilit - 2016
After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...
Persistent link: https://www.econbiz.de/10011477338
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A note of caution on quantifying banks' recapitalization effects
Schmidt, Kirsten; Noth, Felix; Tonzer, Lena - 2021
Unconventional monetary policy measures like asset purchase programs aim to reduce certain securities' yield and alter financial institutions' investment behavior. These measures increase the institutions' market value of securities and add to their equity positions. We show that the extent of...
Persistent link: https://www.econbiz.de/10012426421
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Supranational rules, national discretion : increasing versus inflating regulatory bank capital?
Gropp, Reint; Mosk, Thomas; Ongena, Steven; Simac, Ines; … - 2020 - This version: January 2021
"--without a commensurate increase in book equity and without a reduction in bank risk. We show how national authorities forbear …
Persistent link: https://www.econbiz.de/10012420990
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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The Costs and Benefits of Liquidity Regulations : Lessons from An Idle Monetary Policy Tool
Curfman, Christopher J - 2020
We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a liquidity regulation. For causal inference, we use a regression kink design that relies on the variation in a marginal high-quality liquid asset (HQLA) requirement around an...
Persistent link: https://www.econbiz.de/10012851052
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Liquidity regulation, the Central Bank, and the money market : conference paper
Scheubel, Beatrice; Körding, Julia - 2013 - This version: 15 February 2013
regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … understanding the interaction between the money market, the central bank, and the regulator. Importantly, it shows that the … existence of a central bank can be welfare-improving when the market equilibrium is driven by collateral constraints and …
Persistent link: https://www.econbiz.de/10010342820