Similar Search Results

Oustry, Antoine; Erkan, Bünyamin; Svartzman, Romain; … - 2021

factoring climate-related transition risks into a central bank’s collateral framework. Given the radical uncertainty associated …-hedging portfolio approach”: instead of seeking to “align” the collateral on an asset-by-asset basis, central banks could aim for … “alignment”, in aggregate, of the collateral pools pledged by their counterparties with a given climate target. The rationale for …

Persistent link: https://www.econbiz.de/10013250131

Contingent Credit Under Stress

Acharya, Viral V.; Jager, Maximilian; Steffen, Sascha - National Bureau of Economic Research - 2023

Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks' provision of liquidity insurance in the form of credit...

Persistent link: https://www.econbiz.de/10014437040

Policy Uncertainty, Lender of Last Resort and the Real Economy

Jasova, Martina; Mendicino, Caterina; Supera, Dominik - 2021

We show that a reduction in lender of last resort (LOLR) policy uncertainty positively affects bank lending and propagates to investment and employment. We exploit a unique policy that reduced uncertainty regarding the availability of future LOLR funding for banks as a quasi-natural experiment....

Persistent link: https://www.econbiz.de/10013243814

Central Bank Supervisory Role : Micro-Prudential Supervision and Regulation of ESG Risks

Smoleńska, Agnieszka - 2023

Recent years have seen great strides in the deepening of our understanding of how sustainability factors – in particular those related to environment, society and governance (ESG) – may act as drivers of financial risks, and therefore are of relevance to institutions responsible for...

Persistent link: https://www.econbiz.de/10014354271

Policy Uncertainty, Lender of Last Resort and the Real Economy

Jasova, Martina - 2020

Persistent link: https://www.econbiz.de/10012851836

Policy uncertainty, lender of last resort and the real economy

Jasova, Martina; Mendicino, Caterina; Supera, Dominik - 2021

We show that a reduction in lender of last resort (LOLR) policy uncertainty posi-tively affects bank lending and propagates to investment and employment. We exploita unique policy that reduced uncertainty regarding the availability of future LOLRfunding for banks as a quasi-natural experiment....

Persistent link: https://www.econbiz.de/10012426306

How Do Central Banks Identify Risks? A Survey of Indicators

Broto, Carmen; Alonso, José; Cáceres García, Esther; … - 2021

For central banks, it is crucial to develop and maintain risk identification frameworks that allow them to detect in … categories depending on the risk monitored: standard or systemic risks. Given the multidimensional nature of systemic risk, its … to be comprehensively monitored. Nevertheless, maintaining an adequate risk-identification framework requires continuous …

Persistent link: https://www.econbiz.de/10013210815