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, policymakers, and bank managers for better decision making. …
Persistent link: https://www.econbiz.de/10012655130
Silicon Valley Bank (SVB) failed on March 10, 2023, from a depositor run set off by massive unbooked securities losses … distributed relatively evenly across bank size classes. We did not measure some possibly offsetting effects on bank capital ratios … in bank balance sheets, roughly half of banks, holding roughly half of all bank assets, would not meet their minimum …
Persistent link: https://www.econbiz.de/10014350967
We document several effects of the Liquidity Coverage Ratio (LCR) rule on dealers' financing and intermediation of securities. For identification, we exploit the fact that the US implementation is more stringent than that in foreign jurisdictions. In line with LCR incentives, US dealers reduce...
Persistent link: https://www.econbiz.de/10012016652
From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation …
Persistent link: https://www.econbiz.de/10003986675
introduction of liquidity regulations. These changes were motivated in part by the argument that central bank lending entails … institutions. Using examples from the recent crisis, we argue that central bank lending is the best response in the former …
Persistent link: https://www.econbiz.de/10013026757
introduction of liquidity regulations. These changes were motivated in part by the argument that central bank lending entails … institutions. Using examples from the recent crisis, we argue that central bank lending is the best response in the former …
Persistent link: https://www.econbiz.de/10013027063
We conduct an empirical analysis of the Federal Reserve's large-scale asset purchases (LSAPs) on MBS yields and mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more than what would have been suggested by changes in market...
Persistent link: https://www.econbiz.de/10013059311
We empirically assess the effect of reserve accumulation as a result of quantitative easing (QE) on bank-level lending … and risk taking activity. To overcome the endogeneity of bank-level reserve holdings to banks' other portfolio decisions …
Persistent link: https://www.econbiz.de/10011803753
interventions by exploring whether preemptive or reactive policy interventions can mitigate such risks. Using a sample of 950 bank …
Persistent link: https://www.econbiz.de/10013306778
monetary policy by lowering search costs and expanding bank markets. This paper studies the reaction of online banks to changes … online banks. Consistent with the rate movements, online bank deposits experience inflows, while traditional banks experience …
Persistent link: https://www.econbiz.de/10014322768