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Displaying results 1 to 5 of 5.

  1. The effect of regulatory requirements and esg promotion on market liquidity
    Author: Csóka, Péter; Hevér, Judit
    Published: February 2023
    Publisher:  Magyar Nemzeti Bank, Budapest

    Liquidity and market risk are key considerations in financial markets, especially in times of financial crises. For this reason, regulatory attention to and measures in these fields have been on the rise for the past years. Based on practical... more

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 200
    Inter-library loan:
    No inter-library loan

     

    Liquidity and market risk are key considerations in financial markets, especially in times of financial crises. For this reason, regulatory attention to and measures in these fields have been on the rise for the past years. Based on practical experience, regulations aiming at ensuring funding liquidity or, in general, reducing certain risky positions have the side effect of reducing market liquidity. To understand this effect, we extend a standard general equilibrium model with transaction costs of trading, endogenous market liquidity, and the modeling of regulation. We prove that higher regulatory requirements or divesting bad ESG assets reduces market liquidity.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: MNB working papers ; 2023, 1
    Subjects: Market liquidity; Market risk; Liquidity risk; General equilibrium model; Regulatory requirement; ESG related assets
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  2. Determinants of the multiple-term structures from interbank rates
    Author: Lafuente, Juan Angel; Petit, Nuria; Serrano, Pedro
    Published: 2015-06
    Publisher:  Universidad Carlos III de Madrid, Departamento de Economía de la Empresa, Getafe

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 87 (2015,02)
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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10016/21163
    Series: Array ; 15, 02 (June 2015)
    Subjects: Basis swap; Noise measure; Credit risk; Liquidity risk; Capital arbitrage
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  3. How excessive is banks' maturity transformation?
    Author: Segura, Anatoli; Suárez, Javier
    Published: 2016
    Publisher:  CEMFI, Centro de estudios monetarios y financieros, Madrid

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Revised September 2016
    Series: Working paper / CEMFI ; 1602
    Subjects: Liquidity risk; maturity regulation; pecuniary externalities; systemic crises
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  4. Liquidity risk, market power and reserve accumulation
    Author: Claeys, Gregory; Papioti, Chara; Tryphonides, Andreas
    Published: October 2020
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 541
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Barcelona GSE working paper series ; no 1206
    Subjects: Multi-unit auction; Liquidity risk; Reserve Accumulation; Signalling
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  5. Banks fearing the drought?
    liquidity hoarding as a response to idiosyncratic interbank funding dry-ups
    Author: Littke, Helge; Ossandon Busch, Matias
    Published: [2021]
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    We investigate whether idiosyncratic interbank funding shocks affecting a bank headquarters can trigger a liquidity hoarding reaction by their regional branches. Shock-affected branches of Brazilian banks increase liquid assets and cut lending in the... more

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    Location:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 12
    Inter-library loan:
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    We investigate whether idiosyncratic interbank funding shocks affecting a bank headquarters can trigger a liquidity hoarding reaction by their regional branches. Shock-affected branches of Brazilian banks increase liquid assets and cut lending in the shocks' aftermath compared to non-affected branches within the same municipality, even in absence of a market-wide freeze. These effects increase in branches' reliance on internal funding and vary depending on banks' access to central bank emergency liquidity. Our findings suggest that the geographical fragmentation of branches' funding limits their ability to offset idiosyncratic funding shocks.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783957298249
    Other identifier:
    hdl: 10419/234196
    Series: Discussion paper / Deutsche Bundesbank ; no 2021, 16
    Subjects: Interbank funding; Internal capital markets; Financial market structure; Liquidity risk; Central bank interventions
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen