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Liquidity funding shocks : the role of banks' funding mix

Alvarez, Antonio M.; Fernández, Alejandro; … - 2019

systems, we find that following a liquidity funding shock, both credit and GDP decline in different amounts and lengths. GDP …

Persistent link: https://www.econbiz.de/10012004718

Forbearance vs foreclosure in a general equilibrium model

Barbaro, Bianca; Tirelli, Patrizio - 2021

We build a business cycle model characterized by endogenous firms dynamics, where banks may prefer debt renegotiation, i.e. non-performing exposures, to outright borrowers default. We find that debt renegotiations only do not have adverse effects in the event of financial crisis episodes, but a...

Persistent link: https://www.econbiz.de/10012488660

Forbearance vs Foreclosure in a General Equilibrium Model

Barbaro, Bianca; Tirelli, Patrizio - 2023

decline in the natural interest rate, due to slower productivity growth and persistent liquidity shocks, might explain the …

Persistent link: https://www.econbiz.de/10014355265

Nominal Uniqueness and Money Non-neutrality in the Limit-Price Exchange Process.

Giraud, Gaël; Tsomocos, Dimitrios P. - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2010

towards Pareto optimal rest-points. Below this growth rate, the economy enters a (sub-optimal) liquidity trap where monetary … policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real …

Persistent link: https://www.econbiz.de/10008461118

Monetary Policy and Asset Prices

Geromichalos, Athanasios; Licari, Juan M; Suarez-Lledo, Jose - In: Review of Economic Dynamics 10 (2007) 4, pp. 761-779

model in which a real asset is valued for its rate of return and for its liquidity. We show that money is essential if and … liquidity. Our model generates a clear connection between asset prices and monetary policy. When money grows at a higher rate …

Persistent link: https://www.econbiz.de/10005091038

The Role of Direct Monetary Instruments in Providing Economic Liquidity

Daniel, Liparã - In: Ovidius University Annals, Economic Sciences Series XII (2012) 2, pp. 450-454

economy’s liquidity, and also in satisfying its needs. Monetary policy achieves its objectives through different instruments … economic liquidity. In this process, the Central Bank plays the main character role. In this article we will discover which are … the main tools of direct action used by the Central Bank and how they affect economic liquidity. What tool can be …

Persistent link: https://www.econbiz.de/10010675715

The evolving postcrisis world

Grenville, Stephen A. - 2010

A crisis provides an opportunity to examine how an economy works under pathological conditions. What are the lessons? Markets work well most of the time. That said, the global financial crisis has weakened faith in the market's self-equilibrating qualities. Fiscal policy works well to offset...

Persistent link: https://www.econbiz.de/10008658819

Shadow Interconnectedness : The Political Economy of (European) Shadow Banking

Gabor, Daniela - 2013

Political economy approaches to shadow banking should take into account interconnectedness. Rather than tracing institutions crossing porous regulatory perimeters, analytical efforts would be better placed to theorize collateral networks, the institutions that act as key nodes in those networks,...

Persistent link: https://www.econbiz.de/10013076055

Macroeconomic Policy Interaction : State Dependency and Implications for Financial Stability in UK: A Systemic Review

Nasir, Muhammad Ali - 2017

The association between economic and financial stabilities and influence of macroeconomic policies on the financial sector creates scope of active policy role in financial stability. As a contribution to the existing body of knowledge, this study has analysed the implications of macroeconomic...

Persistent link: https://www.econbiz.de/10012951527

Central Bankers as Supervisors : Do Crises Matter?

Masciandaro, Donato - 2018

Following the 2007-09 Global Financial Crisis many countries have changed their financial supervisory architecture by increasing the involvement of central banks in supervision. This has led many scholars to argue that financial crises are an important driver in explaining the evolution of the...

Persistent link: https://www.econbiz.de/10012937307