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Did the increase in counterparty risk perception in the interbank market since autumn 2007 contribute to the severe contraction of the US economy? To address this question we introduce interbank market uncertainty in a DSGE model with frictional financial intermediation. Interbank uncertainty is...
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The industrial organization approach to banking is extended to analyze the effects of interbank market activity and regulatory liquidity requirements on bank behavior. A multi-stage decision situation allows for considering the interaction between credit risk and liquidity risk of banks. This...
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Die 12. ZAAR-Tagung, gemeinsam veranstaltet vom Zentrum für Arbeitsbeziehungen und Arbeitsrecht der Ludwig-Maximilian-Universität München und dem Lehrstuhl PR III der Bucerius Law School, beschäftigt sich mit dem digitalen Wandel, der durch die COVID-19-Pandemie beschleunigt wird, und...
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SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
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