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Market discipline and liquidity risk : evidence from the interbank funds market

Sarmiento, Miguel - 2016

demand for liquidity in the interbank market as wells as banks' access to this market. Results indicate that riskier banks … pay higher prices and borrow less liquidity, concurrent with the existence of market discipline. More capitalized and … higher prices and hoard liquidity when liquidity positions across them are more imbalanced and during a monetary policy …

Persistent link: https://www.econbiz.de/10011554714

Crossing the credit channel : credit spreads and firm heterogeneity

Cesa-Bianchi, Ambrogio - 2020

Persistent link: https://www.econbiz.de/10012211022

Crossing the credit channel : credit spreads and firm heterogeneity

Anderson, Gareth; Cesa-Bianchi, Ambrogio - 2020

Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting information from a panel of corporate bonds matched with balance sheet data for U.S. non-financial firms, we document that firms with high leverage experience a more pronounced...

Persistent link: https://www.econbiz.de/10012485947

China's monetary policy framework and financial market transmission

Maher, William - In: Bulletin / Reserve Bank of Australia (2024), pp. 85-94

Persistent link: https://www.econbiz.de/10014526919

Spillovers of US unconventional monetary policy to Asia : the role of long-term interest rates

Miyajima, Ken; Mohanty, M. S.; Yetman, James - 2014

Persistent link: https://www.econbiz.de/10010495633

Time-varying risk shocks and the zero lower bound

Strobel, Johannes; Lee, Gabriel S.; Salyer, Kevin Duff - 2019

This paper shows that increased volatility of Örm-level productivity can push the nominal interest rate to its lower bound with large amplification effects on macroeconomic aggregates. The framework combines a simple canonical Önancial accelerator model, time varying risk shocks, and a zero...

Persistent link: https://www.econbiz.de/10012231163