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International financial integration, crises, and monetary policy : evidence from the Euro area interbank crises international financial integration, crises, and monetary policy : e...
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2017 - This version: July, 2017
versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration. …
Persistent link: https://www.econbiz.de/10011704823
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Interbank borrowing and bank liquidity risk
Li, Zongyuan; Lai, Rose Neng - In: The journal of financial research : the journal of the … 45 (2022) 1, pp. 53-91
Persistent link: https://www.econbiz.de/10013188118
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Explaining the Czech interbank market risk premium
Geršl, Adam; Lešanovská, Jitka - In: Economic systems 38 (2014) 4, pp. 536-551
Persistent link: https://www.econbiz.de/10010467349
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A theory of collateral for the lender of last resort*
Choi, Dong Beom; Santos, João A. C.; Yorulmazer, Tanju - In: Review of finance : journal of the European Finance … 25 (2021) 4, pp. 973-996
Persistent link: https://www.econbiz.de/10012594629
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Cross-Border Interbank Liquidity, Crises, and Monetary Policy
Abbassi, Puriya - 2020
We analyze how the Lehman and sovereign crises affect cross-border interbank liquidity, exploiting euro … foreign lenders. Crisis shocks reduce the supply of cross-border liquidity, with stronger volume than pricing effects. On the … margin—riskier borrower banks suffer more. Moreover, the cross-border liquidity crunch is substantially stronger for term …
Persistent link: https://www.econbiz.de/10012856315
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Crises and Rescues : Liquidity Transmission Through International Banks
Buch, Claudia M. - 2016
This paper studies how global banks transmit liquidity shocks via their internal capital markets. The unexpected access … as our liquidity shock. Using microdata on all affiliates abroad, we test whether affiliates located outside the US … actively managed internal capital markets and the increased centralization of global banks' liquidity management at the …
Persistent link: https://www.econbiz.de/10012984410
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Private Debt Renegotiation and Financial Institutions’ Network
Godlewski, Christophe J. - 2020
We study the influence of financial institutions' network on private debt renegotiation outside of distress. Lenders with a network-central position have access to superior private information, are more experienced and trustworthy and have a greater reputational capital. Using a large sample of...
Persistent link: https://www.econbiz.de/10012842558
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Repo markets, counterparty risk, and the 2007/2008 liquidity crisis
Ewerhart, Christian; Tapking, Jens - 2008
A standard repurchase agreement between two counterparties is considered to examine the endogenous choice of collateral, the feasibility of secured lending, and welfare implications of the central bank's collateral framework. As an innovation, we allow for two-sided counterparty risk. In line...
Persistent link: https://www.econbiz.de/10003962085
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Systemic Risk, Interbank Market Contagion, and the Lender of Last Resort Function
Bowe, Michael - 2017
We develop a theoretical model examining the financial stability policy of a central bank serving as both the lender of last resort and the regulator of the financial system. The model accommodates the possibility of financial contagion through interbank market linkages, and adverse feedback...
Persistent link: https://www.econbiz.de/10012969580
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Repo markets, counterparty risk and the 2007/2008 liquidity crisis
Ewerhart, Christian (contributor); Tapking, Jens (contributor) - 2008
A standard repurchase agreement between two counterparties is considered to examinethe endogenous choice of collateral assets, the feasibility of secured lending, and welfare implications of the central bank’s collateral framework. As an important innovation, we allow for two-sided...
Persistent link: https://www.econbiz.de/10003782656