Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Last searches

Results for *

Displaying results 1 to 4 of 4.

  1. Collateral choice
    Author: Ballensiefen, Benedikt
    Published: June 9, 2022
    Publisher:  School of Finance, University of St. Gallen, St. Gallen

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 314
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers on finance / School of Finance, University of St. Gallen ; no. 2022, 03
    Subjects: Collateral; Repo; Bond Market; On-the-run; Liquidity
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  2. The impact of Covid-19 related policy responses on municipal debt markets
    Author: Bernhardt, Robert; D'Amico, Stefania; Sordo Palacios, Santiago I.
    Published: [2021]
    Publisher:  Federal Reserve Bank of Chicago, [Chicago, Illinois]

    Municipal (muni) bonds are an important source of funding for state and local governments. During the Covid-19 pandemic, muni debt markets became severely distressed. In response, the Federal Reserve established the Municipal Liquidity Facility... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 244
    Inter-library loan:
    No inter-library loan

     

    Municipal (muni) bonds are an important source of funding for state and local governments. During the Covid-19 pandemic, muni debt markets became severely distressed. In response, the Federal Reserve established the Municipal Liquidity Facility (MLF). Meanwhile, Congress enacted extensive fiscal measures that included direct aid to cities and states. To understand whether and how these policies worked, we employ a state-level regression model to estimate the relative efficacy of monetary and fiscal policy interventions for the term structure of muni-Treasury yield spreads. We find that fiscal and monetary policy together reduced those spreads by as much as 245 basis points. Fiscal policy contributed twice as much as monetary policy to the notable decline in shorter-term muniTreasury spreads. At longer maturities, the contribution of fiscal policy was at least three times as large as that of monetary policy, suggesting that it addressed fundamental credit concerns.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/251008
    Series: [Working paper] / Federal Reserve Bank of Chicago ; WP 2021, 14 (September 3, 2021)
    Subjects: Monetary Policy; Policy Effects; Stabilization; Bond Market; Security Markets; Government Bonds; Local Government Bonds
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  3. Municipal markets and the municipal liquidity facility
    Author: Fritsch, Nicholas; Bagley, John; Nee, Shawn
    Published: 2021
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 36
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working paper / Federal Reserve Bank of Cleveland ; 21, 07 (March 2021)
    Subjects: Monetary Policy; Policy Effects; Stabilization; Bond Market; Security Markets; Government Bonds; Local Government Bonds
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  4. Local-currency sovereign risk on South African government bonds
    Author: Mamburu, Mulalo
    Published: [2022]
    Publisher:  Economic Research Southern Africa, [Cape Town]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: ERSA working paper ; 881 (November 2022)
    Subjects: Bond Market; Emerging Market Economies; South Africa; Sovereign Default
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen