Results 21 to 30 of about 4,182,894 (137)
Real Effects of Exchange Rate Depreciation: The Roles of Bank Loan Supply and Interbank Markets
Journal of Money, Credit and Banking, EarlyView.Abstract Using matched bank–firm‐level data and estimating difference‐in‐differences regressions around the 2014 depreciation of the euro, we show that exchange rate depreciations can lead to higher loan supply by raising banks' net worth. We focus on a new channel, interbank lending from large banks with high net dollar exposure to small banks without
THORSTEN BECK +3 more
wiley +1 more source
The Topology of Danish Interbank Money Flows [PDF]
, 2009 This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions.
Bech, Morten Linnemann +1 more
core
Journal of Money, Credit and Banking, EarlyView.Abstract We evaluate whether deposit insurance (DI) promotes liquidity by influencing depositor behavior. We use the postal savings (PS) system and state‐adopted DI schemes during the 1920s to examine the effect of bank suspensions on PS deposit growth in pairs of border cities (DI versus non‐DI).
Lee K. Davison, Carlos D. Ramirez
wiley +1 more source
The topology of Danish interbank money flows [PDF]
, 2008 This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions.
Morten L. Bech +3 more
core +1 more source
Banking with Inside Money: An Efficiency Analysis
Journal of Money, Credit and Banking, EarlyView.Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO +1 more
wiley +1 more source
The Importance of Repo Transactions on Money Market [PDF]
, 2019 Repo transactions are very important segment of money market. The importance of repo deals continually growing, taking into account their main characteristics as well as reached trading volume on interbank market.
Mirkovic, Vladimir
core +1 more source
Central Bank Digital Currency with Collateral‐Constrained Banks
Journal of Money, Credit and Banking, EarlyView.Abstract We analyze risks to bank intermediation following the introduction of a central bank digital currency (CBDC) competing with commercial bank deposits as households' source of liquidity. We revisit the equivalence of payment systems result, introducing a collateral constraint on banks' borrowing from the central bank.
HANFENG CHEN, MARIA ELENA FILIPPIN
wiley +1 more source
The Evolution of Interest‐Rate Models: From the Yield Curve to the Swaption Cube
Journal of Economic Surveys, EarlyView.ABSTRACT Interest‐rate modelling is often taught as a catalogue of competing stochastic equations, obscuring why models were created and why modern sell‐side desks use several simultaneously. This survey reorganises the field around five layers of a pricing architecture: curve construction; arbitrage‐free dynamics; volatility‐smile representation ...
Xuan Feng +2 more
wiley +1 more source
Coordinating Bank Dividend and Capital Regulation
Mathematical Finance, EarlyView.ABSTRACT This paper examines how state‐dependent dividend restrictions (taxes and bans) and capital requirements influence a bank's capital buffer accumulation and risk‐taking decisions. In the model, the bank distributes dividends and issues costly equity to maximise shareholder value, while its loans generate stochastic income under time‐varying ...
Salvatore Federico +2 more
wiley +1 more source
Russia's Wartime Economy: Measuring Regional Inequalities From Outer Space
Journal of Regional Science, Volume 66, Issue 5, Page 1677-1698, November 2026.ABSTRACT We study Russia's February 2022 full‐scale invasion of Ukraine as a natural experiment to determine how sudden disruptions to international market access reshape sub‐national economic inequalities. Using remotely‐sensed nighttime lights as a proxy for economic activity, we estimate the economic effects of the war at the national and regional ...
Irakli Barbakadze +3 more
wiley +1 more source