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We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … depend in particular on the distribution of liquidity across banks, which is calculated over time using individual bank …-level data on reserve requirements and actual holdings. Banks pay more for liquidity when positions are more imbalanced across …
Persistent link: https://www.econbiz.de/10011039213
There is a growing body of evidence that interest rate spreads in Africa are higher for big banks compared to small … banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger … is influenced by exploitation of market power or economies of scale. Using a panel of 162 African banks for 2001-2011, we …
Persistent link: https://www.econbiz.de/10012602801
There is a growing body of evidence that interest rate spreads in Africa are higher for big banks compared to small … banks. One concern is that big banks might be using their market power to charge higher lending rates as they become larger … is influenced by exploitation of market power or economies of scale. Using a panel of 162 African banks for 2001–2011, we …
Persistent link: https://www.econbiz.de/10011972611
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet liquidity demand. We use quarterly data of bilateral interbank credit exposure among all German banks from 2000 … that incentives to diversify banksliquidity risk dominate the benefits of private information. When the network position …
Persistent link: https://www.econbiz.de/10011209839
The article deals with the main intellectual challenges of developing the theoretical basis and potential instruments that can be used in the analysis of financial stability. It examines the means of detecting systemic risk and describes the difficulties in detecting it. It also presents the...
Persistent link: https://www.econbiz.de/10010965549
degree, unexpected short-term liquidity impacts they may be exposed to. Thus, banks are less dependent on overnight central … credit institutions' liquidity management by the monthly averaging mechanism and to thereby contribute to narrowing the gap … bank deposits and loans, which, however suitable for managing unexpected liquidity impacts, are known to divert interbank …
Persistent link: https://www.econbiz.de/10008694348
The Eurosystem's main refinancing operations (MROs) are key for the interbank money market and the monetary transmission process in the euro area. This paper investigates how money market rates respond to the information revealed by various aspects of an MRO auction outcome. Our results confirm...
Persistent link: https://www.econbiz.de/10010886090
is the idea that Euro-dollar deposits are the result of multiple creation of credit by banks in a system of only … with banks in Europe. Some see the source of Euro-dollars in the deficit of the balance of payments of the United States …
Persistent link: https://www.econbiz.de/10010854320
is the idea that Euro-dollar deposits are the result of multiple creation of credit by banks in a system of only … with banks in Europe. Some see the source of Euro-dollars in the deficit of the balance of payments of the United States …
Persistent link: https://www.econbiz.de/10010752016
is the idea that Euro-dollar deposits are the result of multiple creation of credit by banks in a system of only … with banks in Europe. Some see the source of Euro-dollars in the deficit of the balance of payments of the United States …
Persistent link: https://www.econbiz.de/10010660756