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A Crisis of Banks as Liquidity Providers
Acharya, Viral V. - 2013
Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …
Persistent link: https://www.econbiz.de/10013091384
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A Crisis of Banks as Liquidity Providers
Acharya, Viral V. - 2013
Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …
Persistent link: https://www.econbiz.de/10013091967
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A Crisis of Banks as Liquidity Providers
Acharya, Viral V. - 2013
Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …
Persistent link: https://www.econbiz.de/10013076376
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The "Celtic crisis" : guarantees, transparency, and systemic liquidity risk ; conference paper
König, Philipp Johann; Anand, Kartik; Heinemann, Frank - 2013
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experience of some European countries, most notably Ireland, has demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10010344594
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Banks, markets, and financial stability
Eder, Armin; Fecht, Falko; Pausch, Thilo - 2014
-in-the-market pricing and a no-arbitrage condition. We find that (i) a higher crisis probability increases the liquidity premium and thus …
Persistent link: https://www.econbiz.de/10010433396
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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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The fiscal footprint of macroprudential policy
Reis, Ricardo - 2020
Monetary policy leaves a fiscal footprint. In some circumstances, relieving the fiscal burden becomes the main goal of policy, and inflation control is subordinate. This article notes that the same is true of macroprudential policy, and it characterizes the size and sign of its fiscal footprint,...
Persistent link: https://www.econbiz.de/10012222608
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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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Essays on financial stability
Luck, Stephan - 2016
Persistent link: https://www.econbiz.de/10011448259
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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