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The Cost of Collateralized Borrowing in the Colombian Money Market: Does Connectedness Matter?
Martínez, Constanza; León, Carlos - Banco de la Republica de Colombia - 2014
Under the view that the market is a weighted and directed network (Barabási, 2003), this document is a first attempt to model the Colombian money market within a spatial econometrics framework. By estimating two standard spatial econometric models, we study the cost of collateralized borrowing...
Persistent link: https://www.econbiz.de/10010733996
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The Cost of Collateralized Borrowing in the Colombian Money Market : Does Connectedness Matter?
Martinez Ventura, Constanza - 2014
Under the view that the market is a weighted and directed network, we model the Colombian money market within a spatial econometrics framework. By estimating two standard spatial econometric models, we study the cost of collateralized borrowing (i.e. sell/buy backs) among Colombian financial...
Persistent link: https://www.econbiz.de/10013058407
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The cost of collateralized borrowing in the Colombian money market : does connectedness matter?
Martínez, Constanza; León, Carlos - In: Journal of financial stability 25 (2016), pp. 193-205
Persistent link: https://www.econbiz.de/10011704901
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LIBOR : origins, economics, crisis, scandal, and reform
Hou, David; Skeie, David - 2014
The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As …
Persistent link: https://www.econbiz.de/10010393220
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Segmentation and efficiency of the interbank market in Kenya
Sichei, Moses Muse; Tirongo, Samuel Kiplang'at; Shimba, … - 2012
This paper studies segmentation and efficiency of the interbank market in Kenya. The study utilizes network framework … and case studies of countries with developed interbank markets, namely the UK, EU and the US. Using daily data for the … period June 2003 to September 5 2012, the study finds that Kenya's interbank market is incomplete and highly segmented by …
Persistent link: https://www.econbiz.de/10012801990
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Risk monitoring in Ecuador's payment system : implementation of a network topology study
Rubio, Jeniffer; Pérez, Bryan; Arroyo, John - In: Latin American journal of central banking : LAJCB 2 (2021) 3, pp. 1-19
methodology as a tool to study the characteristics and properties of the Interbank Payment System (SPI) in Ecuador. We establish …
Persistent link: https://www.econbiz.de/10012659017
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Central bank collateral frameworks
Nyborg, Kjell G. - 2015
in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood …, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the … collateral framework of the Eurosystem as a basis of illustration and case study, the paper brings to light the functioning …
Persistent link: https://www.econbiz.de/10011296085
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(In)efficient repo markets
Dieler, Tobias; Mancini, Loriano; Schürhoff, Norman - 2021
Repo markets trade off the efficient allocation of liquidity in the financial sector with resilience to funding shocks. The repo trading and clearing mechanisms are crucial determinants of the allocation-resilience tradeoff. The two common mechanisms, anonymous central-counterparty (CCP) and...
Persistent link: https://www.econbiz.de/10012487590
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Financial development and FDI inflows in China
Khan, Hameed; Khan, Umair - 2019
In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...
Persistent link: https://www.econbiz.de/10012120045
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Risk sensitivity of banks, interbank markets and the effects of liquidity regulation : conference paper
Pausch, Thilo - 2013 - First draft
The industrial organization approach to banking is extended to analyze the effects of interbank market activity and … risk averse in an environment where there is no interbank market and liquidity regulation. Introducing a buoyant interbank … separating effect of interbank money markets and recreate endogenous risk aversion of banks. …
Persistent link: https://www.econbiz.de/10010344667