their interbank exposures. The micro-founded framework allows inter alia for endogenous bank defaults and bank capital … requirements. In addition, we introduce a central bank who intervenes directly in the interbank market through liquidity injections … the remaining structures show a non-negligible shock propagation mechanism. Finally, we show that central bank …

their interbank exposures. The micro-founded framework allows inter alia for endogenous bank defaults and bank capital … requirements. In addition, we introduce a central bank who intervenes directly in the interbank market through liquidity injections … the remaining structures show a non-negligible shock propagation mechanism. Finally, we show that central bank …

The cost of bank funding on money markets is typically the sum of a risk-free rate and a spread that reflects rollover … usefully complements its spot equivalent, the IBOR-OIS spread, in the monitoring of bank funding risk in real time. First, it … power for economic growth and bank lending in the United States and the euro area than the spot IBOR-OIS, credit default …

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U ….S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during …

model also reveals that under banking globalization, most national variables and the central bank interest rate are less …

The cost of bank funding on money markets is typically the sum of a risk-free rate and a spread that reflects rollover … funding spread usefully complements its spot equivalent, the IBOR-OIS spread, in the monitoring of bank funding risk in real … higher predictive power for economic growth and bank lending in the United States and the euro area than the spot IBOR …

This paper studies the effect of bank competition on the optimal use of monetary and macroprudential policies. To this … level of bank competition is crucial when the objective is to promote financial and economic stability …