Narrow search
Showing 1 - 10 of 891
Cover Image
Illiquidity and interest rate policy
Diamond, Douglas W.; Rajan, Raghuram Govind - 2009
Persistent link: https://www.econbiz.de/10003868329
Cover Image
Illiquid banks, financial stability, and interest rate policy
Diamond, Douglas W.; Rajan, Raghuram Govind - 2011
"Do low interest rates alleviate banking fragility? Banks finance illiquid assets with demandable deposits, which discipline bankers but expose them to damaging runs. Authorities may choose to bail out banks being run. Unconstrained bailouts undermine the disciplinary role of deposits. Moreover,...
Persistent link: https://www.econbiz.de/10009009581
Cover Image
Stylised properties of the interest rate term structure under the benchmark approach
Fergusson, Kevin; Platen, Eckhard - 2014
Persistent link: https://www.econbiz.de/10011344800
Cover Image
Segregated balance accounts
Garratt, Rod; Martin, Antoine; McAndrews, James Joseph; … - 2015
This paper describes segregated balance accounts (SBAs), a concept for a new type of account that could provide increased competition for deposits, reduce system-wide balance sheet costs, and improve the transmission of monetary policy by facilitating greater pass-through of interest on excess...
Persistent link: https://www.econbiz.de/10010528292
Cover Image
The interest rate and capital durability, and the importance of methodological pluralism
Arkel, Roder van; Vermeylen, Koen - 2013
Champions of sustainable growth often call for more durable production technologies with less capital depreciation. As … investment in more durable capital is encouraged by lower interest rates, we investigate whether policy makers can steer the … economy towards a path with low interest rates in order to stimulate more durable capital formation. We study this question …
Persistent link: https://www.econbiz.de/10010227382
Cover Image
LIBOR : origins, economics, crisis, scandal, and reform
Hou, David; Skeie, David - 2014
The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....
Persistent link: https://www.econbiz.de/10010393220
Cover Image
Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank’s effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012063971
Cover Image
Multilateral loans and interest rates : further evidence on the seniority conundrum
Steinkamp, Sven; Westermann, Frank - 2016
During Europe's sovereign-debt crisis, interest rate spreads have been highly correlated with the share of multilateral loans that were considered senior to private markets. As both variables are potentially endogenous, we follow two different approaches to analyze the direction of causality....
Persistent link: https://www.econbiz.de/10011568242
Cover Image
Multilateral loans and interest rates : further evidence on the seniority conundrum
Steinkamp, Sven; Westermann, Frank - 2016
During Europe's sovereign-debt crisis, interest rate spreads have been highly correlated with the share of multilateral loans that were considered senior to private markets. As both variables are potentially endogenous, we follow two different approaches to analyze the direction of causality....
Persistent link: https://www.econbiz.de/10011569629
Cover Image
Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012099522