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Persistent link: https://www.econbiz.de/10011345086
liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes …
Persistent link: https://www.econbiz.de/10011414459
There is growing acknowledgement among policymakers that climate change may give rise to potentially catastrophic financial risk and impact financial stability. This paper explores the specific features of climate-related financial risks (CRFR), drawing on a growing body of macrofinancial...
Persistent link: https://www.econbiz.de/10012427917
source of liquidity helped to contain the effects of the crisis, by preventing the collapse of at least two other major … securitizers. While the underlying themes seem to have changed little in 250 years, the modest scope of the 1763 liquidity … contrasts with events of late 2008. -- shadow banks ; central banks ; liquidity …
Persistent link: https://www.econbiz.de/10009552218
source of liquidity helped to contain the effects of the crisis, by preventing the collapse of at least two other major … securitizers. While the underlying themes seem to have changed little in 250 years, the modest scope of the 1763 liquidity …
Persistent link: https://www.econbiz.de/10013065709
We find evidence that the runs on banks and trust companies in the Panic of 1907 were linked to the Bank of England's contractionary monetary policy actions taken in 1906 and 1907 through the medium of copper prices. Results from our VAR models and copper stockpile data support our argument that...
Persistent link: https://www.econbiz.de/10012943729
Persistent link: https://www.econbiz.de/10011790739
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
This paper documents how traditional and shadow banks interacted with one another during the 2007 financial crisis, when both assets and liabilities flew from shadow to traditional banks. To rationalize their behavior, we propose a simple model which demonstrates the symbiotic coexistence and...
Persistent link: https://www.econbiz.de/10012107660
During recent years, central banks have increased the levels of their international reserves at an unprecedented pace. In this paper, we introduce new country-specific reserve data and examine determinants of the composition of international reserves. Using a dataset of 36 countries (and the...
Persistent link: https://www.econbiz.de/10012169782