Narrow search
Showing 1 - 10 of 335,805
Cover Image
Crisis management at cross-roads : challenges facing cross-border financial institutions at the EU level : a joint publication with the Centre for European Policy Studies (CEPS)
Ayadi, Rym (ed.); Lierman, Frank (ed.); Balling, Morten (ed.) - Conference "Crisis Management at Cross-Roads" <2009, …; … - 2010
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
Cover Image
Preferential treatment of government bonds in liquidity regulation : implications for bank behaviour and financial stability
Neyer, Ulrike; Sterzel, André - 2018
This paper analyses the impact of different treatments of government bonds in bank liquidity regulation on financial … stability. Using a theoretical model, we show that a sudden increase in sovereign default risk may lead to liquidity issues in … the banking sector, implying the insolvency of a significant number of banks. Liquidity requirements do not contribute to …
Persistent link: https://www.econbiz.de/10011901280
Cover Image
Do non-banks need access to the lender of last resort? : evidence from fund runs
Breckenfelder, Johannes; Hoerova, Marie - 2023
.6 percentage points and outflows decrease by 61% relative to otherwise similar funds. Following central bank liquidity provision to … banks, the growth rate of repo lending to funds by banks more exposed to the system-wide liquidity crisis was up to five …
Persistent link: https://www.econbiz.de/10014278675
Cover Image
Emergency liquidity facilities, signalling and funding Costs
Gauthier, Céline; Lehar, Alfred; Pérez Saiz, Héctor; … - 2015
empirically test the predictions of a new signalling model that offers a rationale for offering two different liquidity facilities … risky than banks that accessed the DW. Our results can contribute to a better design of liquidity facilities during a …
Persistent link: https://www.econbiz.de/10011408663
Cover Image
Predictors of bank distress : the 1907 crisis in Sweden
Grodecka, Anna; Kenny, Sean; Ögren, Anders - 2018
This paper contributes to literature on bank distress using the Swedish experience of the international crisis of 1907, often paralleled with 2008. By employing previously unanalyzed bank-level data, we use logit regressions and principal component analysis to measure the impact of pre-crisis...
Persistent link: https://www.econbiz.de/10011930298
Cover Image
Liquidity in Resolution : Estimating Possible Liquidity Gaps for Specific Banks in Resolution and in a Systemic Crisis
Parisi, Laura; Chalamandaris, Dimitrios E.; Amamou, Raschid - 2021
This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity … gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under … different assumptions and scenarios. The findings suggest that, while the average liquidity gaps in resolution are limited, the …
Persistent link: https://www.econbiz.de/10013315006
Cover Image
Liquidity in resolution : estimating possible liquidity gaps for specific banks in resolution and in a systemic crisis
Amamou, Raschid; Baumann, Andreas; Chalamandaris, Dimitrios - 2020
This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity … gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under … different assumptions and scenarios. The findings suggest that, while the average liquidity gaps in resolution are limited, the …
Persistent link: https://www.econbiz.de/10012313295
Cover Image
Systemic Risk and Monetary Policy : The Haircut Gap Channel of the Lender of Last Resort
Jasova, Martina; Laeven, Luc; Mendicino, Caterina; … - 2021
We show that lender of the last resort (LOLR) policy contributes to higher bank interconnectedness and systemic risk. Using novel micro-level data, we analyze the haircut gap channel of LOLR – the difference between the private market and central bank haircuts. LOLR increases...
Persistent link: https://www.econbiz.de/10013225855
Cover Image
Lender of last resort versus buyer of last resort : evidence from the European sovereign debt crisis
Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2018
We document the mechanism through which the risk of fire sales in the sovereign bond market contributed to the effectiveness of two major central bank interventions designed to restore financial stability during the European sovereign debt crisis. As a lender of last resort via the long-term...
Persistent link: https://www.econbiz.de/10011899821
Cover Image
The (unintended?) consequences of the largest liquidity injection ever
Crosignani, Matteo; Faria-e-Castro, Miguel; Fonseca, Luís - 2016
We study the design of lender of last resort interventions and show that the provision of long-term liquidity …-term domestic government bonds that could be pledged to obtain central bank liquidity. This "collateral trade" effect is large, as …
Persistent link: https://www.econbiz.de/10011975661