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  1. Essays on monetary policy, safe assets, and the repo market
    Autor*in: Bechtel, Alexander
    Erschienen: 2021

    This dissertation analyzes topics related to unconventional monetary policy, safe assets, short-term funding, and the market for repurchase agreements. mehr

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    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe

     

    This dissertation analyzes topics related to unconventional monetary policy, safe assets, short-term funding, and the market for repurchase agreements.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    Weitere Identifier:
    Dissertation no. 5091
    Schlagworte: Geldmarkt; Geldpolitik; Wertpapierpensionsgeschäft; Interbankgeschäft; liquidity risk; repos; interbank market; funding risk; sovereign-bank nexus; safe assets; quantitative easing; repurchase agreements; money market
    Umfang: 1 Online-Ressource (circa 160 Seiten), Illustrationen
    Bemerkung(en):

    Dissertation, University of St. Gallen, 2021
  2. Enough liquidity with enough capital - and vice versa?
    Autor*in: Gersbach, Hans; Haller, Hans; Zelzner, Sebastian
    Erschienen: [2023]
    Verlag:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    We study the interplay of capital and liquidity regulation in a general equilibrium setting by focusing on future funding risks. The model consists of a banking sector with long-term illiquid investment opportunities that need to be financed by... mehr

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    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 108
    Fernleihe:
    keine Fernleihe

     

    We study the interplay of capital and liquidity regulation in a general equilibrium setting by focusing on future funding risks. The model consists of a banking sector with long-term illiquid investment opportunities that need to be financed by short-term debt and by issuing equity. Reliance on refinancing long-term investment in the middle of the life-time is risky, since the next generation of potential short-term debt holders may not be willing to provide funding when the return prospects on the long-term investment turn out to be bad. For moderate return risk, equilibria with and without bank default coexist, and bank default is a self-fulfilling prophecy. Capital and liquidity regulation can prevent bank default and may implement the first-best. Yet the former is more powerful in ruling out undesirable equilibria and thus dominates liquidity regulation. Adding liquidity regulation to optimal capital regulation is redundant.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/278736
    Schriftenreihe: CFS working paper series ; no. 714
    Schlagworte: financial intermediation; funding risk; bank default; banking regulation; liquidity requirements; capital requirements
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen