Showing 1 - 10 of 9,743
We study the role of bargaining power and outside options with respect to the pricing of over-the-counter interbank … loans using a bilateral Nash bargaining model, and we test the model predictions with detailed transaction-level data from … the euro-area interbank market. We find that lender banks with greater bargaining power over their borrowers charge higher …
Persistent link: https://www.econbiz.de/10012301128
This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...
Persistent link: https://www.econbiz.de/10011347736
We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro …
Persistent link: https://www.econbiz.de/10003973320
expand their banking services by building up their consulting businesses. -- Banking structure ; Banking market ; Banks …
Persistent link: https://www.econbiz.de/10009373732
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...
Persistent link: https://www.econbiz.de/10009786077
’ regional banking sector instability into account when they vote. Considering the period from 1978 to 2010, we find that a … interest rates. According to member-specific characteristics, the effect of regional banking sector instability on FOMC voting … financial industry or who represent a district with a large banking sector. …
Persistent link: https://www.econbiz.de/10011460483
On 11 March 2015, SUERF jointly organised a conference with the Oesterreichische Nationalbank and the Austrian Society for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of papers based on the authors' contributions to the Vienna...
Persistent link: https://www.econbiz.de/10011413495
The recent global financial crisis has ignited a debate on whether easy monetary conditions can lead to greater bank risk-taking. We study this issue in a model of leveraged financial intermediaries that endogenously choose the riskiness of their portfolios. When banks can adjust their capital...
Persistent link: https://www.econbiz.de/10013131455
This paper provides Russia's financial system strategy covering three blocks: banking sector, monetary policy and taxes …. The post-crisis strategy in banking sector contains proposals on achieving soundness and stability of Russian banking … system, problem banks restructuring, as well as increase in efficiency of banking institutions. The post-crisis monetary …
Persistent link: https://www.econbiz.de/10013132515
This paper presents a microstructure model for the unsecured overnight euro money market, similar to that developed for stock markets by Easley and O'Hara (1992). More specifically, this paper studies the role of heterogeneity in the population of banks participating on this market, and the...
Persistent link: https://www.econbiz.de/10013137284