credit risk in central bank's repo portfolios. In the model default times of counterparties and collateral issuers are …Central bank lending to commercial banks is typically collateralized which reduces central bank's credit risk exposure … to “double default events” when the counterparty and the issuer of the underlying collateral asset both default in a …

credit risk in central bank's repo portfolios. In the model default times of counterparties and collateral issuers are …Central bank lending to commercial banks is typically collateralized which reduces central bank's credit risk exposure … to “double default events” when the counterparty and the issuer of the underlying collateral asset both default in a …

the credit risk of their corporate loan portfolios when the latter are used as collateral in the Eurosystem’s monetary …) systems and central banks’ in-house credit assessment systems (ICASs) to investigate whether banks’ IRB ratings underestimate … actually used as Eurosystem collateral, particularly for large loans. The less conservative estimates of risk by IRBs relative …

Empirical research on the monetary transmission mechanism considering credit developments is almost exclusively limited … to the amount of outstanding credit in an economy. Two issues arise out of this. First, stock-flow inconsistencies might … occur. Second, the change of the outstanding amount of credit on banks ́balance sheets does not consist only of new lending …