Showing 111 - 120 of 978,741
Persistent link: https://www.econbiz.de/10011981369
Persistent link: https://www.econbiz.de/10011893162
We address the question to what extent a central bank can de-risk its balance sheet by unconventional monetary policy operations. To this end, we propose a novel risk measurement framework to empirically study the time-variation in central bank portfolio credit risks associated with such...
Persistent link: https://www.econbiz.de/10011959298
Persistent link: https://www.econbiz.de/10010468548
One of the core functions of a central bank is to provide liquidity insurance, often termed the lender of last resort (LLR) function. During and after the Great Financial Crisis (GFC) in 2007-09 central banks' role as liquidity insurers evolved. In the aftermath of the crisis, regulation of...
Persistent link: https://www.econbiz.de/10012225886
Persistent link: https://www.econbiz.de/10011752399
Persistent link: https://www.econbiz.de/10011953919
As reliance on excessively short-term wholesale funding has been one of the major causes for the 2007-2009 financial crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding without being clear on how such an approach will affect...
Persistent link: https://www.econbiz.de/10010342820
Persistent link: https://www.econbiz.de/10000150850
Persistent link: https://www.econbiz.de/10000656317