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Stock prices in the presence of liquidity crises : the effect of creditor protection

Hale, Galina; Razin, Asaf; Tong, Hui - In: Economica 81 (2014) 322, pp. 329-347

Persistent link: https://www.econbiz.de/10010473528

Collateral, liquidity and debt sustainability : conference paper

Niemann, Stefan; Pichler, Paul - 2014

to smooth consumption over time and because they provide collateral and liquidity services. We characterize a recursive … and contemporaneous costs due to lost collateral and liquidity are essential to generate these empirically plausible …

Persistent link: https://www.econbiz.de/10010491142

Eurosystem collateral policy and framework : was it unduly changed?

Wolff, Guntram B. - 2014

collateral. Liquidity is provided to banks against collateral at market prices subject to a haircut. The Eurosystem adapted its … collateral framework during the crisis to accept lower-rated assets as collateral. Higher haircuts are applied to insure against … liquidity risk as well as the greater volatility of prices of lower-rated assets. The adaptation of the collateral framework was …

Persistent link: https://www.econbiz.de/10010436552

The value of repeat lending

Gadanecz, Blaise; Kara, Alper; Molyneux, Philip - 2011

The unique structure of syndicated lending results in information asymmetries within the lending syndicate between banks of varying degrees of seniority. While previous studies have attempted to use indirect proxy measures to capture the effects of such information asymmetries, in this paper we...

Persistent link: https://www.econbiz.de/10009271973

Sovereign default risk and bank fragility in financially integrated economies

Bolton, Patrick; Jeanne, Olivier - In: IMF economic review 59 (2011) 2, pp. 162-194

Persistent link: https://www.econbiz.de/10009231932

A business cycle approach to rating based credit risk modeling

Trück, Stefan - 2005

Persistent link: https://www.econbiz.de/10003734838

The quality of eligible collateral, central bank losses and monetary stability : an empirical analysis

Lehmbecker, Philipp - 2008 - 1. Aufl.

Persistent link: https://www.econbiz.de/10003661492

Good booms, bad booms

Gorton, Gary; Ordoñez, Guillermo - 2016

Persistent link: https://www.econbiz.de/10011449996

Credit reporting systems and the international economy

Miller, Margaret J. (ed.) - 2003

"Credit reporting is a critical part of the financial system in most developed economies but is often weak or absent in developing countries. It addresses a fundamental problem of credit markets: asymmetric information between borrowers and lenders that can lead to adverse selection and moral...

Persistent link: https://www.econbiz.de/10011479551

Central Bank collaterALL

Capel, Jeannette Johanna - 2015

Persistent link: https://www.econbiz.de/10011382802