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Central Banking in Africa : Prospects in a Changing World

Caruana, Jaime - 2013

Governors and senior officials representing some two dozen central banks from Africa and other regions of the world met at the BIS in May 2011 to discuss the monetary policy and financial stability issues facing Africa after the global financial crisis. This volume brings together the background...

Persistent link: https://www.econbiz.de/10013092071

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

The bank liquidity channel of financial (in)stability

Bosshardt, Joshua; Kakhbod, Ali; Saidi, Farzad - 2021

We examine the system-wide effects of liquidity regulation on banks’ balance sheets. In the general equilibrium model … value before maturity, e.g., structured securities. By improving the liquidity of interbank markets, tighter liquidity … requirements induce banks to invest in such complex assets. We evaluate the welfare properties of combining liquidity regulation …

Persistent link: https://www.econbiz.de/10012614764

Avoiding the fall into the loop : isolating the transmission of bank-to-sovereign distress in the Euro area and its drivers

Böhm, Hannes; Eichler, Stefan - 2019 - This Version: January 2019

We isolate the direct bank-to-sovereign distress channel within the Eurozone’s sovereignbank-loop by exploiting the global, non-Eurozone related variation in stock prices. We instrument banking sector stock returns in the Eurozone with exposure-weighted stock market returns from non-Eurozone...

Persistent link: https://www.econbiz.de/10012265559

Avoiding the fall into the loop : isolating the transmission of bank-to-sovereign distress in the euro area and its drivers

Böhm, Hannes; Eichler, Stefanie - 2018

We isolate the direct bank-to-sovereign distress channel within the eurozone's sovereign-bank-loop by exploiting the global, non-eurozone related variation in stock prices. We instrument banking sector stock returns in the eurozone with exposure-weighted stock market returns from non-eurozone...

Persistent link: https://www.econbiz.de/10011923619

The Monetary Policy Transmission Mechanism in a Term-Structure Model with Unspanned Macro Risks

Ferman, Marcelo - 2011

In this paper I study how exogenous monetary policy impulses jointly transmit to the US macroeconomy and term structure. I estimate a Macro-Affine Term Structure Model similar to Joslin, Priebsch and Singleton (2010), and use this framework to identify monetary policy shocks and term premia. My...

Persistent link: https://www.econbiz.de/10013117777

The Effect of Monetary Policy on Credit Spreads

Cenesizoglu, Tolga - 2014

We analyze the effect of monetary policy on yield spreads between corporate bonds with different credit ratings over the business cycle. We use futures contracts to distinguish between expected and unexpected changes in the Fed funds target rate and several indicators to distinguish between...

Persistent link: https://www.econbiz.de/10013070170

Unregulated lending, mortgage regulations and monetary policy

Emenogu, Ugochi; Peterson, Brian - 2022 - Last updated: June 27, 2022

Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated...

Persistent link: https://www.econbiz.de/10013264902

States, banks, and the financing of the economy : monetary policy and regulatory perspectives

Balling, Morten (ed., introduction); … - Colloquium "States, Banks and the Financing of the …; … - 2013

On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...

Persistent link: https://www.econbiz.de/10011711721

Monetary Policy and Bank Distress : An Integrated Micro-Macro Approach

De Graeve, Ferre - 2016

Evidence on the interdependency between monetary policy and the state of the banking system is scarce. We suggest an integrated micro-macro approach with two core virtues. First, we measure the probability of bank distress directly at the bank level. Second, we integrate a microeconomic hazard...

Persistent link: https://www.econbiz.de/10012989280

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