Showing 1 - 10 of 2,438
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...
Persistent link: https://www.econbiz.de/10010333575
A standard repurchase agreement between two counterparties is considered to examine the 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/10011604955
studies global bonds to examine the effects of multimarket trading on corporate bond liquidity, prices, and the cost of debt … significant liquidity and price advantage over comparable domestic bonds. On average, global bonds trade at yields 15 to 25 basis … of crisis. Global issues are more liquid, as evidenced by several trade-based liquidity measures, but the liquidity …
Persistent link: https://www.econbiz.de/10011605258
banks. These central banks had the capacity to use these swap facilities to provide dollar liquidity to institutions in … important part of the toolbox for dealing with systemic liquidity disruptions. …
Persistent link: https://www.econbiz.de/10010283558
examine adverse liquidity shocks on main developedcountry banking systems and their relationships to emerging markets across …
Persistent link: https://www.econbiz.de/10010287023
is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their …
Persistent link: https://www.econbiz.de/10010287134
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...
Persistent link: https://www.econbiz.de/10010201279
This paper explores the concept of global liquidity, its measurement and macro-financial importance. We construct two … sets of indicators for global liquidity: a quantity series distinguishing between core and noncore liabilities of financial … between shocks to the supply and demand for global liquidity, and isolate their impact on the economy. Our results confirm …
Persistent link: https://www.econbiz.de/10013098562
of credibility, liquidity, and solvency crises and how effective enterprise risk management practices can potentially … risk management process that incorporates credit, market, and liquidity risk analysis in a consistent fashion. We further …
Persistent link: https://www.econbiz.de/10013089043
This study examines the relation between asset liquidity and stock liquidity across 47 countries. In support of the … valuation uncertainty hypothesis, we find that firms with greater asset liquidity on average have higher stock liquidity. More … importantly, our study shows that asset liquidity plays a more significant role in resolving valuation uncertainty in countries …
Persistent link: https://www.econbiz.de/10013071686