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  1. Availability of high-quality liquid assets and monetary policy operations
    an analysis for the euro area
    Contributor: Grandia, Roel (HerausgeberIn); Hänling, Petra (HerausgeberIn); Lo Russo, Michelina (HerausgeberIn); Åberg, Pontus (HerausgeberIn)
    Published: [2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Staats- und Universitätsbibliothek Bremen
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    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 535
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    This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the aggregated impact of Eurosystem monetary policy operations on the amount and composition of HQLA held by banks and other economic agents. An assessment of the main demand factors is also presented. Finally, the paper provides some insights into the interaction with and implications for the Eurosystem monetary policy implementation framework in the longer run.

     
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    Source: Staatsbibliothek zu Berlin
    Contributor: Grandia, Roel (HerausgeberIn); Hänling, Petra (HerausgeberIn); Lo Russo, Michelina (HerausgeberIn); Åberg, Pontus (HerausgeberIn)
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289936798
    Other identifier:
    hdl: 10419/207605
    Corporations / Congresses:
    Europäische Zentralbank (VerfasserIn)
    Series: Occasional paper series / European Central Bank ; no 218 (February 2019)
    Subjects: central bank; banking policy; Eurosystem; euro area; financial market; public policy; regulatory changes; central bank policies; bank regulation; credit operations; asset purchase programme
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  2. A dynamic model of bank behaviour under multiple regulatory constraints
    Author: Behn, Markus; Daminato, Claudio; Salleo, Carmelo
    Published: [2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and liquidity structures and analyses the effects of changes in regulatory capital and liquidity requirements as well as their... more

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    We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and liquidity structures and analyses the effects of changes in regulatory capital and liquidity requirements as well as their interaction. Our findings suggest that adjustments in both types of requirements can have an impact on loan supply, with considerable heterogeneity across banks and over time. The model illustrates that banks' reactions depend on initial balance sheet conditions and reconciles evidence on short-term reductions in loan supply with findings suggesting that better capitalized banks are better able to lend in the medium- to long-term.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289934954
    Other identifier:
    hdl: 10419/208267
    Series: Working paper series / European Central Bank ; no 2233 (January 2019)
    Subjects: bank regulation; capital structure; liquidity structure; structural model
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  3. Does banks' systemic importance affect their capital structure and balance sheet adjustment processes?
    Author: Bakkar, Yassine; De Jonghe, Olivier; Tarazi, Amine
    Published: März 2019
    Publisher:  National Bank of Belgium, Brussels

    Frictions prevent banks to immediately adjust their capital ratio towards their desired and/or imposed level. This paper analyzes (i) whether or not these frictions are larger for regulatory capital ratios vis-à-vis a plain leverage ratio; (ii) which... more

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    Frictions prevent banks to immediately adjust their capital ratio towards their desired and/or imposed level. This paper analyzes (i) whether or not these frictions are larger for regulatory capital ratios vis-à-vis a plain leverage ratio; (ii) which adjustment channels banks use to adjust their capital ratio; and (iii) how the speed of adjustment and adjustment channels differ between large, systemic and complex banks versus small banks. Our results, obtained using a sample of listed banks across OECD countries for the 2001-2012 period, bear critical policy implications for the implementation of new (systemic risk-based) capital requirements and their impact on banks' balance sheets, specifically lending, and hence the real economy.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/207748
    Series: Working paper research / National Bank of Belgium ; no 369 (March 2019)
    Subjects: capital structure; speed of adjustment; systemic risk; systemic size; bank regulation; lending; balance sheet composition
    Scope: 1 Online-Ressource (circa 61 Seiten)
  4. Is stricter regulation of incentive compensation the missing piece?
    Author: Wall, Larry D.
    Published: [2019]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    Although a number of steps have been taken to reduce the risk of financial stability, some significant weaknesses remain. This paper examines whether stricter regulation of incentive compensation is the missing piece needed to reduce risk to... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Although a number of steps have been taken to reduce the risk of financial stability, some significant weaknesses remain. This paper examines whether stricter regulation of incentive compensation is the missing piece needed to reduce risk to acceptable levels. Unfortunately, this review of the literatures on the relationship of risk to bank chief operating officer and bank employee compensation suggest both have some potential but that significant concerns remain in both cases. At this point, we cannot confidently say that compensation regulation is the missing piece.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/200544
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2019, 6 (March 2019)
    FRB Atlanta Working Paper ; No. 2019-6
    Subjects: incentive compensation; bank regulation
    Scope: 1 Online-Ressource (circa 36 Seiten)
  5. The sovereign-bank nexus in the euro area
    financial & real channels
    Author: Bellia, Mario; Calès, Ludovic; Frattarolo, Lorenzo; Maerean, Andreea; Monteiro, Daniel P.; Petracco Guidici, Marco; Vogel, Lukas
    Published: 2019
    Publisher:  Publications Office of the European Union, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789276111900
    Other identifier:
    Series: Array ; 122 (November 2019)
    Subjects: sovereign-bank loop; bank regulation; bailout; bail-in; SYMBOL; QUEST
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  6. Banker compensation, relative performance, and bank risk
    Author: Jarque, Arantxa; Prescott, Edward Simpson
    Published: 2019
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Working paper / Federal Reserve Bank of Cleveland ; 19, 20 (November 2019)
    Subjects: incentive compensation; relative performance; bank regulation
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  7. Capital controls and rsk misallocation
    evidence from a natural experiment
    Author: Keller, Lorena
    Published: [2019]
    Publisher:  Rodney L. White Center for Financial Research], [Philadelphia, PA

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [Working papers / Rodney L. White Center for Financial Research ; 10, 19]
    Subjects: capital controls; macroprudential policies; emerging markets; carry trade; corporate debt; currency risk; bank regulation; bank lending
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  8. Availability of high-quality liquid assets and monetary policy operations
    an analysis for the euro area
    Contributor: Grandia, Roel (HerausgeberIn); Hänling, Petra (HerausgeberIn); Lo Russo, Michelina (HerausgeberIn); Åberg, Pontus (HerausgeberIn)
    Published: [2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the... more

    Access:
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    This paper provides an overview of supply and demand factors influencing the availability of euro-denominated debt instruments that qualify as high-quality liquid assets (HQLA) in the euro area. The paper estimates the supply of HQLA issued by the public and private sectors as well as the aggregated impact of Eurosystem monetary policy operations on the amount and composition of HQLA held by banks and other economic agents. An assessment of the main demand factors is also presented. Finally, the paper provides some insights into the interaction with and implications for the Eurosystem monetary policy implementation framework in the longer run.

     
    Export to reference management software   RIS file
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Contributor: Grandia, Roel (HerausgeberIn); Hänling, Petra (HerausgeberIn); Lo Russo, Michelina (HerausgeberIn); Åberg, Pontus (HerausgeberIn)
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289936798
    Other identifier:
    hdl: 10419/207605
    Corporations / Congresses:
    Europäische Zentralbank (VerfasserIn)
    Series: Occasional paper series / European Central Bank ; no 218 (February 2019)
    Subjects: central bank; banking policy; Eurosystem; euro area; financial market; public policy; regulatory changes; central bank policies; bank regulation; credit operations; asset purchase programme
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  9. Behind the scenes of the beauty contest
    window dressing and the G-SIB framework
    Author: Behn, Markus; Mangiante, Giacomo; Parisi, Laura; Wedow, Michael
    Published: [2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper illustrates that systemically important banks reduce a range of activities at year- end, leading to lower additional capital requirements in the form of G-SIB buffers. The effects are stronger for banks with higher incentives to reduce the... more

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    This paper illustrates that systemically important banks reduce a range of activities at year- end, leading to lower additional capital requirements in the form of G-SIB buffers. The effects are stronger for banks with higher incentives to reduce the indicators, and for banks with balance sheet structures that can more easily be adjusted. The observed reduction in activity may imply an overall underestimation of banks' systemic importance as well as a distortion in their relative ranking, with implications for banks' ability to absorb losses. Moreover, a reduction in the provision of certain services at year-end may adversely affect overall market functioning.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289935609
    Other identifier:
    hdl: 10419/208332
    Series: Working paper series / European Central Bank ; no 2298 (July 2019)
    Subjects: bank regulation; window dressing; systemically important banks
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen