Narrow search
Showing 1 - 10 of 82
Cover Image
Bond Liquidity at the Oslo Stock Exchange
Ødegaard, Bernt Arne - 2017
We characterize the liquidity of bond trading at the Oslo Stock Exchange (OSE). We use the complete history of bond … securities remain the most active class, covered bonds has seen a marked increase in liquidity. We also see an increase in … measuring liquidity in the Norwegian bond market. Is it possible to construct liquidity measures that are informative about the …
Persistent link: https://www.econbiz.de/10012144128
Cover Image
Is Europe Overbanked?
Pagano, Marco; Langfield, Sam; Acharya, Viral V.; Boot, … - 2014
Banking has grown too much in Europe - in three senses. First, the European banking system has reached a size where its contribution to real economic growth is likely to be nil or negative. Second, the European financial structure is biased towards banks (rather than securities markets), which...
Persistent link: https://www.econbiz.de/10011984890
Cover Image
The Theory of Financial Intermediation: An Essay On What It Does (Not) Explain
Scholtens, Bert; van Wensveen, Dick - 2003
This essay reflects upon the relationship between the current theory of financial intermediation and real-world practice. Our critical analysis of this theory leads to several building blocks of a new theory of financial intermediation. Current financial intermediation theory builds on the...
Persistent link: https://www.econbiz.de/10011689907
Cover Image
Esiselvitys yhteiskunnallisesta yrittämisestä: Katsaua yhteiskunnallisiin yrityksiin ja vaikuttavuusinvestoimiseen Suomessa
Kotiranta, Annu; Widgrén, Joona - 2015
The aim of this report has been to produce an analysis of the state of the social enterprises in Finland. Based on a comprehensive survey, there are roughly 19 000 social enterprises in Finland that employ around 125 000 persons. These estimates produced in this report multiply the views on the...
Persistent link: https://www.econbiz.de/10012037666
Cover Image
Stages of the ongoing global financial crisis: Is there a wandering asset-price bubble?
Orlowski, Lucjan T. - 2008
mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear … elevated market, credit and liquidity risks. Since its original outbreak induced by the demise of the subprime mortgage market …
Persistent link: https://www.econbiz.de/10011430817
Cover Image
The use of credit claims as collateral for Eurosystem credit operations
Tamura, Kentaro; Tabakis, Evangelos - 2013
Credit claims (or bank loans) represent a large share of the collateral accepted by the Eurosystem in its credit operations in recent years. Hence the techniques and procedures used in the use of credit claims as collateral have become significant elements of the monetary policy implementation...
Persistent link: https://www.econbiz.de/10011606300
Cover Image
Dark pools in European equity markets: Emergence, competition and implications
Petrescu, Monica; Wedow, Michael - 2017
This paper considers the growth of dark pools: trading venues for equities without pre-trade transparency. It first documents the emergence and expansion of dark pools in European equity markets in the context of regulatory changes and increased high-frequency trading (HFT). It finds that the...
Persistent link: https://www.econbiz.de/10011804696
Cover Image
The Sovereign Default Problem in the Eurozone - Why Limited Liability Resulted in Excessive Debt Accumulation and How Insurance Can Counteract
Arnold, Nadjeschda Katharina - 2016
This thesis was written by Nadjeschda Katharina Arnold while having been a research assistant at the Center for Economic Studies (CES) at the University of Munich. It was completed in December 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in...
Persistent link: https://www.econbiz.de/10011698356
Cover Image
Two-tier system for remunerating excess reserve holdings
Boucinha, Miguel; Burlon, Lorenzo; Corsi, Marco; Della … - 2022
portion of banks' excess liquidity (EL) holdings from the negative interest rate of the ECB's deposit facility. The two …
Persistent link: https://www.econbiz.de/10013480191
Cover Image
Are green bonds a viable way to finance environmental goals? An analysis of chances and risks of green bonds
Demary, Markus; Neligan, Adriana - 2018
The European Union is currently making significant strides to lead on green finance and align its financial system with its climate, sustainability and clean energy ambitions. The Paris Climate Agreement, the G20 Green Finance Study Group and the G19 Hamburg Climate and Energy Action Plan have...
Persistent link: https://www.econbiz.de/10011870590