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CAROs : Climate risk-adjusted refinancing operations
Böser, Florian; Colesanti Senni, Chiara - 2021 - This Version: June 2, 2021
Policy makers have argued that markets are not pricing climate risk appropriately yet, which may lead to a misallocation of resources and financial instability. Climate riskadjusted refinancing operations (CAROs) conducted by the central bank are one possible instrument to address this issue....
Persistent link: https://www.econbiz.de/10012544313
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CAROs : Climate Risk-Adjusted Refinancing Operations
Böser, Florian; Colesanti Senni, Chiara - 2022 - This version: June 2, 2021
the central bank’s perspective, suboptimal and may lead to financial instability. We find that an appropriate design of …
Persistent link: https://www.econbiz.de/10013308313
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Legal Aspects of the European Central Bank (ECB) - The ECB within the European System of Central Banks (ESCB) and the European System of Financial Supervision (ESFS) - Second (Exte...
Gortsos, Christos - 2018
:(a) Chapter One focuses on the European Central Bank (ECB) within the European System of Central Banks (ESCB):• the first two …
Persistent link: https://www.econbiz.de/10012921800
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Future of the Economic and Monetary Union
Gortsos, Christos V. - 2022
The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
Persistent link: https://www.econbiz.de/10014077291
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Peer M´monitoring vs. search costs in the interbank market : evidence from payment flow data in Norway
Findreng, Jon - 2021
Bilateral payment flows between banks may provide private information about a borrowing bank's liquidity position. This … whether the information is used to reduce search costs in the unsecured interbank market. In the former, banks with outflows … of liquidity are penalized by their counterparties, while in the latter, these banks benefit through reduced search costs …
Persistent link: https://www.econbiz.de/10012544439
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Central bank collateral frameworks
Nyborg, Kjell G. - 2015
, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …
Persistent link: https://www.econbiz.de/10011296085
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Expectations, Bond Yields and Monetary Policy
Chun, Albert Lee - EconWPA - 2005
Through explicitly incorporating analysts' forecasts as observable factors in a dynamic arbitrage- free model of the yield curve, this paper proposes a framework for studying the impact of shifts in market sentiment on interest rates of all maturities. An empirical examination reveals that...
Persistent link: https://www.econbiz.de/10005076986
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Expectations, Bond Yields and Monetary Policy
Chun, Albert Lee - Stanford Institute for Economic Policy Research … - 2005
Through explicitly incorporating analysts' forecasts as observable factors in a dynamic arbitrage-free model of the yield curve, this research proposes a framework for studying the impact of shifts in market sentiment on interest rates of all maturities. An empirical examination reveals that...
Persistent link: https://www.econbiz.de/10009141796
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The Quest for Stability: The Macro View
Buiter, Willem H.; Gerlach, Stefan; Kool, Clemens J.M.; … - 2010
On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Persistent link: https://www.econbiz.de/10011689943
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The macro view
Balling, Morten (ed.); Berk, Jan Marc (ed.);  … - Colloquium The Quest for Stability <2009, Utrecht>; … - 2010
On September 3-4, 2009, SUERF and Utrecht University School of Economics jointly organized the 28th SUERF Colloquium on "The Quest for Stability" in Utrecht, the Netherlands. The papers contained in this SUERF Study jointly published with DNB and Rabobank are based on contributions to this...
Persistent link: https://www.econbiz.de/10011706504