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We analyse the European interbank market in a general equilibrium model. Several institutional aspects of the market are taken into consideration, especially the Eurosystem's two standing facilities, reserve requirements of banks and the fact that borrowing from the Eurosystem has to be secured....
Persistent link: https://www.econbiz.de/10011431721
We analyse the European interbank market in a general equilibrium model. Several institutional aspects of the market are taken into consideration, especially the Eurosystem's two standing facilities, reserve requirements of banks and the fact that borrowing from the Eurosystem has to be secured....
Persistent link: https://www.econbiz.de/10001686290
Persistent link: https://www.econbiz.de/10008903437
Persistent link: https://www.econbiz.de/10011437562
identify two possible transmission channels from financial shocks to FDI: (i) a collateral channel, whereby changes in the … value of collateral affect investors’ ability to borrow; and (ii) a lending channel, whereby changes in bank health affect …
Persistent link: https://www.econbiz.de/10010491661
We study a dynamic model of collateralized lending under adverse selection in which the quality of collateral assets is …
Persistent link: https://www.econbiz.de/10012038843
, collateral values, and debt limits. We show that the collateral premium of a durable asset will become the lowest right before a …
Persistent link: https://www.econbiz.de/10011980002
Micro, small, and medium-sized enterprises (MSMEs) play a significant role in the Indonesian economy, however most MSMEs have difficulties in accessing finance. The Credit Guarantee Scheme (CGS) is a popular program for guaranteeing bank lending to MSMEs by the government. The objective of this...
Persistent link: https://www.econbiz.de/10012015050
Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms … firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and third …
Persistent link: https://www.econbiz.de/10012024422
housing is accepted as collateral. A calibration to the U.S. economy supports the theoretical results and provides novel …
Persistent link: https://www.econbiz.de/10011993690