SFB 649 Discussion Paper 2012-065 Covered bonds, core markets, and financial stability doc

... Bank (2008). Covered bonds in the EU financial system’, December, Frank- furt. 18 SFB 649 Discussion Paper 2012-065 Covered bonds, core markets, and financial stability ... through the SFB 649 "Economic Risk". SFB 649 Discussion Paper Series 2012 For a complete list of Discussion Papers published by the SFB 649, plea...

Ngày tải lên: 22/03/2014, 20:20

... 10 0 5 10 15 20 25 30 35 Outstanding amount of covered bonds Outstanding amount of government bonds Number of covered bonds (right-hand axis) Number of government bonds (right-hand axis) EUR billion ... 10 0 5 10 15 20 25 30 35 40 45 50 Outstanding amount of covered bonds Outstanding amount of government bonds Number of covered bonds (right-hand axis) Number of government bonds (right...

Ngày tải lên: 06/03/2014, 04:21

... Engle, Ito and Lin (1990) and Andersen and Bollerslev (1998) find strong spillovers in foreign exchange markets, both in conditional first and second moments. Finally, a related paper studying ... Masulis and Ng (1990), King, Sentana and Wadhwani (1994) and Lin, Engle and Ito (1994), based on reduced-form GARCH models, detects some spillovers from the US to the Japanes...

Ngày tải lên: 16/02/2014, 02:20

...   34 WORKING PAPER NO 13 CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh The Working Paper is intended as a means ... whereby researchers’ thoughts and findings may be communicated to interested readers for their comments. The paper should be considered preliminary in nature and may require substa...

Ngày tải lên: 06/03/2014, 08:20

... Haan (2004). Central Banks and Financial Stability: a Survey, Journal of Financial Stability 1, 257–273. Oosterloo, S., J. de Haan and R. Jong-A-Pin (2007). Financial Stability Reviews: A First ... communication about financial stability issues, namely FSRs and speeches and interviews. FSRs are typically relatively comprehensive documents that discuss various aspects...

Ngày tải lên: 15/03/2014, 10:20

... + 1 2 ¯ β β β  τ Ω s−t ¯ β β β τ ). (7) The parameters ¯ α τ and ¯ β β β τ (and Ω s−t ) are defined in Appendix B, and are similar to α ∗ τ and β β β ∗ τ from Equation (5). 3. Data and Model Implementation 3.1 Data Four ... 2003/04 and 2007/08 was roughly $340 billion for nominal Government bonds and $15 billion for inflation-indexed bonds, which equates to a turnover ratio of...

Ngày tải lên: 22/03/2014, 20:20

... products such as combined savings and checking accounts and HIBOR linked savings products. Some also revised fees and charges and minimum balance requirements, and introduced tiered structures ... November 2, 2010 to prepare a Discussion Paper to delineate the pros and cons of deregulating the savings bank deposits interest rate. It was proposed to place a Discussion Pa...

Ngày tải lên: 15/02/2014, 05:20

Ngày tải lên: 18/02/2014, 05:20

... and assistive devices); family-focused support (e.g. training and counselling); social and psychological; special education, along with service planning and coordination; and assistance and ... communication and social-emotional skills, and functioning and surrounding environment in order to assist parents, health-care providers, teachers and others to better understand,...

Ngày tải lên: 18/02/2014, 15:20

... demand and supply factors and has changed financial markets in mature and emerging countries alike. 2 From the demand side, favorable macroeconomic conditions, falling interest rates, and ... favorable risk-return profile and a very liquid market. In this paper, we examine the two largest “jumbo” covered bond markets, Germany and Spain. We show how movements in covered...

Ngày tải lên: 06/03/2014, 04:21