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Financial stability considerations for monetary policy : theoretical mechanisms
Ajello, Andrea; Boyarchenko, Nina; Gourio, François; … - 2022
This paper reviews the theoretical literature at the intersection of macroeconomics and finance to draw lessons on the connection between vulnerabilities in the financial system and the macroeconomy, and on how monetary policy affects that connection. This literature finds that financial...
Persistent link: https://www.econbiz.de/10013161877
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Financial stability considerations for monetary policy : empirical evidence and challenges
Boyarchenko, Nina; Favara, Giovanni; Schularick, Moritz - 2022
This paper reviews literature on the empirical relationship between vulnerabilities in the financial system and the macroeconomy, and how monetary policy affects that connection. Financial vulnerabilities build up over time, with both risk appetite and risk taking rising during economic...
Persistent link: https://www.econbiz.de/10013161882
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Financial stability considerations for monetary policy : theoretical mechanisms
Ajello, Andrea; Boyarchenko, Nina; Gourio, François; … - 2022
This paper reviews the theoretical literature at the intersection of macroeconomics and finance to draw lessons on the connection between vulnerabilities in the financial system and the macroeconomy, and on how monetary policy affects that connection. This literature finds that financial...
Persistent link: https://www.econbiz.de/10012819348
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The price of money : now collateral policy affects the yield curve
Nyborg, Kjell G.; Woschitz, Jiri - 2021
Central-bank collateral policy governs the convertibility of assets into central-bank money provided directly by the central bank. Focusing on government bonds, we develop clean identification of variation in such convertibility by exploiting differential treatment of same-country government...
Persistent link: https://www.econbiz.de/10012799625
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Essays on short-term funding markets
Ballensiefen, Benedikt - 2023
Persistent link: https://www.econbiz.de/10014282048
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Repo market : a tool to manage liquidity in financial institutions
Nath, Golaka C. - In: Macroeconomics and finance in emerging market economies 8 (2015) 1/3, pp. 286-305
Persistent link: https://www.econbiz.de/10011402394
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Evolutionary finance and central banking
Argitis, Giorgos - In: Cambridge journal of economics 41 (2017) 3, pp. 961-976
Persistent link: https://www.econbiz.de/10011741651
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Frictions in the interbank market and uncertain liquidity needs : implications for monetary policy implementation
Bucher, Monika; Hauck, Achim; Neyer, Ulrike - 2014 - [rev.]
This paper shows that depending on the distribution of banks' uncertain liquidity needs and on how monetary policy is …
Persistent link: https://www.econbiz.de/10010384796
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Frictions in the interbank market and uncertain liquidity needs : implications for monetary policy implementation
Bucher, Monika; Hauck, Achim; Neyer, Ulrike - 2014
This paper shows that depending on the distribution of banks' uncertain liquidity needs and on how monetary policy is …
Persistent link: https://www.econbiz.de/10010252806
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Market discipline and liquidity risk : evidence from the interbank funds market
Sarmiento, Miguel - 2016
demand for liquidity in the interbank market as wells as banks' access to this market. Results indicate that riskier banks … pay higher prices and borrow less liquidity, concurrent with the existence of market discipline. More capitalized and … higher prices and hoard liquidity when liquidity positions across them are more imbalanced and during a monetary policy …
Persistent link: https://www.econbiz.de/10011554714