WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011: THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS pptx

... of the authors and do not necessarily reflect those of the ECB. WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011 THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS ... 0.30 1.99 3.33 4 WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011 by Falko Fecht, Kjell G. Nyborg and Jörg Rocholl THE PRICE OF...

Ngày tải lên: 15/03/2014, 10:20

... 18 ECB Working Paper Series No 1096 Septembre 2009 Working PaPer SerieS no 1096 / SePTeMBer 2009 The deTerMinanTS of Bank caPiTal STrucTure by Reint Gropp and Florian Heider and time ... section (there are banks with different amounts of deposits and non-deposit liabilities). 19 ECB Working Paper Series No 1096 Septembre 2009 the later...

Ngày tải lên: 15/03/2014, 10:20

... the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB. WORKING PAPER SERIES NO 1394 / NOVEMBER 2011 BANK RISK ... terms of the impact of the funding structure on bank risk, most of the earlier literature pointed to the benefits derived from the use of ma...

Ngày tải lên: 15/03/2014, 10:20

... of Stage Three of EMU on bank pricing. First, the importance of the long-term market rate in the equilibrium price of retail bank products has often been reduced since the introduction of the ... towards the “equilibrium price of retail bank products” is significantly higher since the launch of the euro. The introduction of the euro may have...

Ngày tải lên: 15/03/2014, 14:20

... (iii) the usage of debit and credit cards, (iv) the existence of credit lines 10 ECB Working Paper Series No 1395 November 2011 and (v) the usage of credit lines. Second, we examine the impact of ... http :// ssrn.com/abstract_id=1572673. NOTE: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). Th...

Ngày tải lên: 22/03/2014, 21:20

... http :// ssrn.com/abstract_id=2145295. 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/scientic/wps/date/html/index.en.html Acknowledgements Many ... complicated in the case of Russia. The relative underdevelopment of the financial market precludes the use of money...

Ngày tải lên: 22/03/2014, 21:20

... particular interbank market is set up. There are two types of agents in the market, the central bank on one hand and commercial banks on the other hand. The key ingredients of the model are the 7 The very ... 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 r...

Ngày tải lên: 22/03/2014, 23:20

... of Stage Three of EMU on bank pricing. First, the importance of the long-term market rate in the equilibrium price of retail bank products has often been reduced since the introduction of the ... towards the “equilibrium price of retail bank products” is significantly higher since the launch of the euro. The introduction of the euro may have...

Ngày tải lên: 22/03/2014, 23:20

... =0. (7) Proof. See Appendix. Hence, interbank turnover is some function of the size of the initial and the interbank shocks, the volatility of the end of day aggregate shock, the width of the standing ... adds to the reluctance of banks to use the facility.” 14 ECB Working Paper Series No 1350 June 2011 on the optimal width of the interest rate co...

Ngày tải lên: 29/03/2014, 13:20

... con- ditional upon the tail index α and a c hoice of the threshold parameter m. 18 ECB Working Paper Series No. 527 September 2005 WORKING PAPER SERIES NO. 527 / SEPTEMBER 2005 BANKING SYSTEM STABILITY A ... - ple. Other important cross-border linkages exist bet ween the top banks 29 ECB Working Paper Series No. 527 September 2005 of France, German...

Ngày tải lên: 06/03/2014, 09:22