Direkt zum Inhalt

3. Februar 2016

Seminar

Asset Liquidity, Central Bank Collateral, and Stable Bank Funding

Termin

3. Februar 2016
12:00 - 13:15

Ort

Gustav-Schmoller-Raum
DIW Berlin im Quartier 110
Room 3.3.002A
Mohrenstraße 58
10117 Berlin

Sprecher*innen

Ulrich Bindseil, European Central Bank

This paper analyses the roles of bank asset fire sales, asset liquidity, and recourse to the central bank as lender of last resort for the equilibrium debt structure of banks and the spread between bank lending rates and the central bank policy rate (the short term risk free rate). The paper also provides a first attempt of a comprehensive empirical cross-sectional analysis of liquidity properties and central bank collateral haircuts of the euro area fixed income universe. 

Kontakt

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