Showing 1 - 10 of 22,188
Persistent link: https://www.econbiz.de/10001691902
Persistent link: https://www.econbiz.de/10001832963
Persistent link: https://www.econbiz.de/10001669752
The recent collapse of the Argentine currency board raises new questions about the desirability of formal fixed exchange rate regimes in modern developing economies. This paper examines the impact of dollarized liabilities with potential default for a currency board with costly abandonment. We...
Persistent link: https://www.econbiz.de/10014071548
Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for these operations, we stress that most of these operations, being off-balance sheet,...
Persistent link: https://www.econbiz.de/10014399873
Persistent link: https://www.econbiz.de/10012420201
crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral …
Persistent link: https://www.econbiz.de/10010342820
Persistent link: https://www.econbiz.de/10000816430
Persistent link: https://www.econbiz.de/10003882028
Persistent link: https://www.econbiz.de/10003918637