OCCASIONAL PAPER SERIES NO 68 / AUGUST 2007: THE SECURITIES CUSTODY INDUSTRY potx
OCCASIONAL PAPER SERIES NO 68 / AUGUST 2007: THE SECURITIES CUSTODY INDUSTRY potx
... custodians holding a smaller amount/fewer securities. ISSN 1607148-4 9 771607 148006 OCCASIONAL PAPER SERIES NO 68 / AUGUST 2007 THE SECURITIES CUSTODY INDUSTRY by Diana Chan, Florence Fontan, ... provision and securities financing, which most CSDs do not provide because it involves credit exposure. 1 THE DEVELOPMENT OF THE CUSTODY INDUSTRY 12 ECB Occa...
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Tài liệu OCCASIONAL PAPER SERIES NO 64 / JULY 2007: THE USE OF PORTFOLIO CREDIT RISK MODELS IN CENTRAL BANKS doc
... 7.7 OCCASIONAL PAPER SERIES NO 64 / JULY 2007 This paper can be downloaded without charge from http :// www.ecb.int or from the Social Science Research Network electronic library at http :// ssrn.com/abstract_id=977355. THE ... equal to 50%. On the other hand, if there is perfect negative correlation of defaults, then if one issuer defaults, the other does not,...
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WORKING PAPER SERIES NO 804 / AUGUST 2007 GROWTH ACCOUNTING FOR THE EURO AREA A STRUCTURAL APPROACH pptx
... hypothesis 26 ECB Working Paper Series No 804 August 2007 H 0 : λ = 0 is not significant at the 1% level. Since the null hypothesis is that this parameter is on the boundary of the parameter space, the distribution ... estimates (Schumacher, 2005). 18 ECB Working Paper Series No 804 August 2007 ISSN 1561081-0 9 771561 081005 WORKING PAPER SERIES NO 804 /...
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WORKING PAPER SERIES NO 748 / MAY 2007: FINANCIAL DOLLARIZATION THE ROLE OF BANKS AND INTEREST RATES docx
... feature a motif taken from the €20 banknote. WORKING PAPER SERIES NO 748 / MAY 2007 This paper can be downloaded without charge from http :// www.ecb.int or from the Social Science Research ... below) the economies’ gross interest rates will be between 1/ H and 1/ L . Note that due to imperfect competition in the banking market there will be two rates, one for...
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WORKING PAPER SERIES NO 845 / DECEMBER 2007: RUN-PRONE BANKING AND ASSET MARKETS doc
... support from the Center for Analytic Economics at Cornell University and the Thorne Fund is gratefully acknowledged. The views expressed in this paper do not necessarily refl ect those of the European ... O WORKING PAPER SERIES NO 845 / DECEMBER 2007 In 2007 all ECB publications feature a motif taken from the 20 banknote. RUN-PRONE BANKING AND ASSET MARKETS 1 b...
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Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx
... 28 ECB Working Paper Series No 1096 Septembre 2009 WORKING PAPER SERIES NO 1096 / SEPTEMBER 2009 This paper can be downloaded without charge from http :// www.ecb.europa.eu or from the Social Science ... amounts of deposits and non-deposit liabilities). 19 ECB Working Paper Series No 1096 Septembre 2009 the later years of the sample. In nominal terms, the b...
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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx
... using the same controls averaged over the two periods (before/after) used in Section 5.1. The forth column of the table shows the bank level Z-Score of the control sample. In the control group the bank ... banks. 10 9 There are seven savings banks that are not full members in the savings banks association. They are not covered in the data set. 10 Refer to Section 6 for a f...
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WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011: THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS pptx
... banks (see the Appendix for details). Table 2 does the same for nonbidding banks, but note that there are no nonbidding Landesbanks or cooperative central banks. 17 ECB Working Paper Series No 1376 September ... at http :// ssrn.com/ abstract_id=1605084. NOTE: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The view...
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WORKING PAPER SERIES NO 1457 / AUGUST 2012: EXCESSIVE BANK RISK TAKING AND MONETARY POLICY pptx
... http :// ssrn.com/abstract_id=1573675. Information on all of the papers published in the ECB Working Paper Series can be found on the ECB’s website, http :// www.ecb.europa.eu/pub/scientic/wps/date/html/index.en.html Macroprudential ... Acknowledgements This paper hasparticularlybenetedfrom the feedbackofGabrieleGalati,SwedervanWijnbergen,LucLaeven,EnricoPerotti...
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WORKING PAPER SERIES NO. 393 / SEPTEMBER 2004: THE DETERMINANTS OF THE OVERNIGHT INTEREST RATE IN THE EURO AREA doc
... at 2 1/6 /2 000, 3 0/4 /2 001, 12 and 1 3/9 /2 001, 2 8/1 1/2 001, 4 and 1 0/1 /2 002, 1 8/1 2/2 002 and 2 3/0 5/2 003. Long term re financing op erations are structural measures and usually constant throughout the ... con- 18 ECB Working Paper Series No. 393 September 2004 W ORKING PAPER SERIES NO. 393 / SEPTEMBER 2004 THE DETERMINANTS OF THE OVERNI...
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