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1970 Commercial Paper Market Liquidity Crisis (U.S. Historical)
Nygaard, Kaleb - 2020
. The liquidity crisis abated within a few weeks …
Persistent link: https://www.econbiz.de/10012851505
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Developing distress resolution procedures for financial institutions
Wihlborg, Clas - 2012
This paper focuses on the need for a lex specialis for resolution of insolvent banks and other financial institutions serving similar functions, and on requirements for making resolution procedures effective. After a review of the objectives of general insolvency law and the special...
Persistent link: https://www.econbiz.de/10011711554
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The "Celtic crisis" : guarantees, transparency, and systemic liquidity risk ; conference paper
König, Philipp Johann; Anand, Kartik; Heinemann, Frank - 2013
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experience of some European countries, most notably Ireland, has demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10010344594
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Interbank funding as insurance mechanism for (persistent) liquidity shocks
Bluhm, Marcel - 2015
policy and therefore ultimately the real economy. In particular, it facilitates banks' liquidity management. This paper aims … at extending the literature which views interbank markets as mutual liquidity insurance mechanism by taking into account … persistence of liquidity shocks. Following a theory of long-term interbank funding a financial system which is modeled as a micro …
Persistent link: https://www.econbiz.de/10011434764
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Dealer financial conditions and lender-of-last-resort facilities
Acharya, Viral V.; Fleming, Michael J.; Hrung, Warren B.; … - 2014
provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …
Persistent link: https://www.econbiz.de/10010404154
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Liquidity in resolution : comparing frameworks for liquidity provision across jurisdictions
Grund, Sebastian; Nomm, Nele; Walch, Florian - 2020
financial stability. This paper extends the existing research by zooming in on the specific topic of liquidity provision to … banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the … liquidity provision and the roles of the public budget and the central bank. The comparison also reveals that the role of fiscal …
Persistent link: https://www.econbiz.de/10012319162
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Open-ended bond funds : systemic risks and policy implications
Claessens, Stijn; Lewrick, Ulf - In: Aussenwirtschaft : schweizerische Zeitschrift für … 72 (2022) 1, pp. 45-62
dealing with large investor redemptions in the presence of liquidity mismatches. Their tools notwithstanding, bond OEFs had to …
Persistent link: https://www.econbiz.de/10014287902
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The 'Celtic crisis' : guarantees, transparency and systemic liquidity risk
König, Philipp; Anand, Kartik; Heinemann, Frank - 2013
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and prevent bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees are...
Persistent link: https://www.econbiz.de/10009788961
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The euro interbank repo market
Mancini, Loriano; Ranaldo, Angelo; Wrampelmeyer, Jan - 2014 - This version: March 2014
The search for a market design that ensures stable bank funding is at the top of regulators' policy agenda. This paper empirically shows that the central counterparty (CCP)-based euro interbank repo market features this stability. Using a unique and comprehensive data set, we show that the...
Persistent link: https://www.econbiz.de/10010410308
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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