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How Excessive Is Banks’ Maturity Transformation?

Segura, Anatoli - 2016

We quantify the gains from regulating banks' maturity transformation in an infinite horizon model of banks which finance long-term assets with non-tradable debt. Banks choose the amount and maturity of their debt trading off investors' preference for short maturities with the risk of systemic...

Persistent link: https://www.econbiz.de/10012980515

The Eurosystem Money Market Auctions : A Banking Perspective

Craig, Ben R.; Fecht, Falko - 2007

This paper analyzes the individual bidding behavior of German banks in the money market auctions conducted by the ECB from the beginning of the third quarter of 2000 to the end of the first quarter of 2001. Our approach takes a variety of characteristics of the individual banks into account. In...

Persistent link: https://www.econbiz.de/10014223075

How Do Banks Manage Liquidity? Evidence from the ECB's Tiering Experiment

Baldo, Luca; Heider, Florian; Hoffmann, Peter; Sigaux, … - 2022

We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of the ECB’s two-tier system which heterogeneously reduced the cost of additional reserves holdings. We find that the treated banks increase reserve holdings by borrowing on the...

Persistent link: https://www.econbiz.de/10014239530

Bankruptcy for Banks : A Tribute (and Little Plea) to Jay Westbrook

Skeel, David A. - 2018

In this brief essay, to be included in a book celebrating the work of Jay Westbrook, I begin by surveying Jay's wide-ranging contributions to bankruptcy scholarship. Jay's functional analysis has had a profound effect on scholars' understanding of key issues in domestic bankruptcy law, and Jay...

Persistent link: https://www.econbiz.de/10012910928

Restructuring an Insolvent Bank

Cetin, Nusret - 2014

to fail. Failure of a bank may trigger formal insolvency (resolution) proceedings, if there is no available option to … save it as a going concern. Bank insolvency proceedings comprise various mechanisms, instruments, and transactions to … enable resolution authorities to properly deal with a failed bank. Bank restructuring within insolvency proceedings means …

Persistent link: https://www.econbiz.de/10013052778