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discussion of the actual implications for liquidity. In this paper, we provide an approximation of the liquidity development in … information about liquidity risk. …
Persistent link: https://www.econbiz.de/10010339318
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a "sovereign debt crisis" but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and...
Persistent link: https://www.econbiz.de/10009533362
This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...
Persistent link: https://www.econbiz.de/10009757118
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a “sovereign debt crisis” but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances,...
Persistent link: https://www.econbiz.de/10013106538
Persistent link: https://www.econbiz.de/10012991171
We study the contribution of liquidity to time-series dynamics and cross-sectional variations of Euro area sovereign … crisis. Using intraday trade and quote data we construct several alternative liquidity measures and study their contribution … to yield preads. When we control for standard risk factors, such as credit and term, liquidity does not provide a …
Persistent link: https://www.econbiz.de/10013033116
Persistent link: https://www.econbiz.de/10011868546
For their short-term payment obligations, savings banks hold substantially more liquid assets than the liquidity … in illiquid assets less intensively than is permitted because (i) the liquidity regulation underestimates actual … deposits ; prudential liquidity regulation …
Persistent link: https://www.econbiz.de/10003813179
Die Bankenneuregulierung der Europäische Kommission sieht eine Beschränkung der Kreditvergabe im Interbankenmarkt auf 25 % des Eigenkapitals sowie einen Selbsteinbehalt des Originators in Höhe von 5 % am gesamten zu verbriefenden Forderungsportfolio vor. Eine starre Regulierung führt aber...
Persistent link: https://www.econbiz.de/10009413577
Persistent link: https://www.econbiz.de/10008840238