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A refinement of the relationship between economic growth and income inequality
Fawaz, Fadi; Rahnama-Moghadam, Mashaalah; Valcarcel, … - In: Applied economics 46 (2014) 25/27, pp. 3351-3361
Persistent link: https://www.econbiz.de/10010418012
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(Pro?)-Cyclicality of Collateral Haircuts and Systemic Illiquidity
Glaser, Florian - 2017
Pro-cyclicality of collateral haircuts and margins has become a widely proclaimed behavior and is currently discussed … a trigger of liquidity spirals due to its tightening effect of collateral portfolio values in times of market distress … design for macroprudential haircut add-ons. Our results confirm that (1) bond collateral markets face irrational, i.e. bubble …
Persistent link: https://www.econbiz.de/10012945744
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Securities Lending Haircuts
Lou, Wujiang - 2020
A securities lending transaction is collateralized with cash in the amount of securities' market value plus a margin or haircut. Haircuts necessarily depend on the securities and the security borrowers. This article extends a repo haircut model to securities lending that captures asset...
Persistent link: https://www.econbiz.de/10012824433
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(Pro?)-Cyclicality of Collateral Haircuts and Systemic Illiquidity
Glaser, Florian; Panz, Sven - 2021
Procyclicality of collateral haircuts and margins has become a widely proclaimed behavior and is currently discussed … a trigger of liquidity spirals due to its tightening effect of collateral portfolio values in times of market distress … design for macroprudential haircut add-ons. Our results confirm that (1) bond collateral markets face irrational, i.e. bubble …
Persistent link: https://www.econbiz.de/10013248847
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Financial constraints and collateral crises
Araujo, Luis; Guimarães, Bernardo; Rodrigues, Diego - 2020
Persistent link: https://www.econbiz.de/10012172921
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Scarcity of safe assets, inflation, and the policy trap
Andolfatto, David; Williamson, Stephen D. - In: Journal of monetary economics 73 (2015), pp. 70-92
Persistent link: https://www.econbiz.de/10011381709
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Financial Frictions and the International Transmission of Shocks
Park, Woong Yong - 2019
This study presents a two-good, two-country model with financial frictions, where banks facing a borrowing constraint intermediate funds between households and firms. The endogenous fluctuations of international relative prices increase the business cycle co-movement across countries when...
Persistent link: https://www.econbiz.de/10012858531
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Financial frictions and the international transmission of shocks
Park, Woong-yong - In: Seoul journal of economics 32 (2019) 4, pp. 361-395
Persistent link: https://www.econbiz.de/10012163572
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Capital misallocation and secular stagnation
Caggese, Andrea; Pérez, Ander - 2017 - This version: January 17, 2017
The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth -- even when these technologies replaced considerably less productive tangible technologies -- because of structurally low interest rates caused by demographic forces. This insight is...
Persistent link: https://www.econbiz.de/10011708126
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Collateral, liquidity and debt sustainability
Niemann, Stefan; Pichler, Paul - 2013
Persistent link: https://www.econbiz.de/10009775471