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Over-the-Counter Trade and the Value of Assets as Collateral
Geromichalos, Athanasios; Lee, Jiwon; Lee, Seungduck; … - Economics Department, University of California-Davis - 2014
by the degree of liquidity in the secondary asset market. …
Persistent link: https://www.econbiz.de/10011093808
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The domino effect of silicon valley Bank's bankruptcy and the role of FED's monetary policy
Erer, Elif; Erer, Deniz - In: Borsa Istanbul Review 24 (2024) 3, pp. 573-591
This paper examines the spillover effects of bankruptcy by important tech industry banks-Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank-on the top 10 institutions in the MSCI Bank Index and the role that monetary policy by the US Federal Reserve (the Fed) played in this...
Persistent link: https://www.econbiz.de/10014635351
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Centralized trading of corporate bonds
Huber, Samuel; Kim, Jaehong - 2015
bond market liquidity. In order to stabilize these markets, policy makers recently proposed that the trading of corporate … only if it is feasible for him to also affect market liquidity, by either increasing or decreasing it. …
Persistent link: https://www.econbiz.de/10011420570
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Asset Liquidity in Monetary Theory and Finance: A Unified Approach
Geromichalos, Athanasios; Jung, Kuk Mo; Lee, Seungduck; … - 2019
assets are likely to serve as media of exchange or collateral (a definition of liquidity often employed in monetary theory …), or that they can be easily sold in a secondary market, if needed (a definition of liquidity closer to the one adopted in … finance)? We develop a model where these two notions of asset liquidity coexist, and their relative importance is determined …
Persistent link: https://www.econbiz.de/10012655877
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Central bank purchases of government bonds
Huber, Samuel; Kim, Jaehong - 2015
We develop a dynamic general equilibrium model to analyze the effects of central bank purchases of government bonds by investigating the following three questions: Under what conditions are these purchases socially desirable, what incentive problems do they mitigate, and how large are these...
Persistent link: https://www.econbiz.de/10011389605
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Financial Dollarization Equilibria : A Framework for Policy Analysis
Ize, Alain - 2006
Rapidly rising dollarization and numerous related financial crises in recent years have heightened the need for policy action. This paper contributes to the policy debate by presenting a common analytic framework that examines the roots of de facto financial dollarization under different...
Persistent link: https://www.econbiz.de/10012780728
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On the Optimal Quantity of Liquid Bonds
Huber, Samuel - 2017
We develop a dynamic general equilibrium model to analyze the optimal quantity of liquid bonds by investigating the following three questions: Under what conditions is it socially desirable to contract the bond supply, what incentive problems are mitigated by doing this, and how large are the...
Persistent link: https://www.econbiz.de/10012957817
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On the Optimal Quantity of Liquid Bonds
Huber, Samuel - 2017
We develop a dynamic general equilibrium model to analyze the optimal quantity of liquid bonds by investigating the following three questions: Under what conditions is it socially desirable to contract the bond supply, what incentive problems are mitigated by doing this, and how large are the...
Persistent link: https://www.econbiz.de/10012971770
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Asset liquidity in monetary theory and finance : a unified approach
Geromichalos, Athanasios; Jung, Kuk Mo; Lee, Seungduck; … - 2019
assets are likely to serve as media of exchange or collateral (a definition of liquidity often employed in monetary theory …), or that they can be easily sold in a secondary market, if needed (a definition of liquidity closer to the one adopted in … finance)? We develop a model where these two notions of asset liquidity coexist, and their relative importance is determined …
Persistent link: https://www.econbiz.de/10012101372
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Asymmetric Information and the Liquidity Role of Assets
Geromichalos, Athanasios; Herrenbrueck, Lucas; Wang, Zijian - 2022
the liquidity role of a real asset that is subject to asymmetric information. We find that rather than using the asset …
Persistent link: https://www.econbiz.de/10013492659