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, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the … on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …
Persistent link: https://www.econbiz.de/10011296085
Persistent link: https://www.econbiz.de/10011944433
Policy makers have argued that markets are not pricing climate risk appropriately yet, which may lead to a misallocation of resources and financial instability. Climate riskadjusted refinancing operations (CAROs) conducted by the central bank are one possible instrument to address this issue....
Persistent link: https://www.econbiz.de/10012544313
the interbank system became more resilient to solvency shocks, but less resilient to liquidity shocks, as banks sharply … during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that …
Persistent link: https://www.econbiz.de/10012966886
that the interbank system became more resilient to solvency shocks but less resilient to liquidity shocks as banks sharply … during the nineteenth century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through … affected the system's resilience to solvency and liquidity shocks and whether those shocks might have been contagious. We find …
Persistent link: https://www.econbiz.de/10012903214
We analyze the pledging behavior of Euro area banks during the introduction of the liquidity coverage ratio (LCR). The … national liquidity requirements to proxy for banks' incentives to exploit this differential treatment of central bank eligible … national liquidity requirement pledge more and less liquid collateral than banks with a preceding national liquidity …
Persistent link: https://www.econbiz.de/10011994641
the interbank system became more resilient to solvency shocks but less resilient to liquidity shocks as banks sharply … during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that …
Persistent link: https://www.econbiz.de/10011578151
lends it to banks in distress. When banks cannot borrow, the economy has a unique equilibrium that is not Pareto optimal …
Persistent link: https://www.econbiz.de/10013086699
and the central bank's liquidity support measures following the Covid-19 pandemic. The liquidity measures enabled banks to … bank reserves across banks did not change due to these measures, but interbank trading fell sharply. Ample liquidity … fulfil their liquidity needs primarily through participation in extraordinary liquidity auctions. The distribution of central …
Persistent link: https://www.econbiz.de/10014314135
monthly meetings between the Riksbank and the commercial banks during the years 1956-73. These minutes, written during or … threats and arguments in a small and closed club involving the central bank and the chief executives of the commercial banks … policy rapidly replaced the meetings between the central bank and the commercial banks. Today, the Riksbank communicates in …
Persistent link: https://www.econbiz.de/10014259090