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Displaying results 1 to 6 of 6.

  1. Negative monetary policy rates and systemic banks' risk-taking
    evidence from the euro area securities register
    Author: Bubeck, Johannes; Maddaloni, Angela; Peydró, José-Luis
    Published: [2020]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit the introduction of negative deposit rates by the European Central Bank in June 2014 and a novel securities register for the 26... more

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit the introduction of negative deposit rates by the European Central Bank in June 2014 and a novel securities register for the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as they do not pass negative rates to retail customers, in turn investing more in securities, especially in those yielding higher returns. Effects are stronger for less capitalized banks, private sector (financial and non-financial) securities and dollar-denominated securities. Affected banks also take higher risk in loans.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289940412
    Other identifier:
    hdl: 10419/229012
    Series: Working paper series / European Central Bank ; no 2398 (April 2020)
    Subjects: monetary policy; bank; financial risk; loan; euro area; rates; non-standard monetary policy; reach-for-yield; securities; banks
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  2. Negative monetary policy rates and systemic banks' risk-taking
    evidence from the euro area securities register
    Author: Peydró, José-Luis; Bubeck, Johannes; Maddaloni, Angela
    Published: 03 July 2020
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP14988
    Subjects: negative rates; Non-Standard Monetary Policy; reach-for-yield; securities; banks
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  3. Risk mitigating versus risk shifting
    evidence from banks security trading in crises
    Author: Peydró, José-Luis; Polo, Andrea; Sette, Enrico
    Published: November 2020
    Publisher:  Universitat Pompeu Fabra, Department of Economics and Business, Barcelona

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 574
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economic working paper series working paper ; no. 1753
    Subjects: risk shifting; financial crises; securities; bank capital; interbank funding; concentration risk; uncertainty; risk weights; available for sale; held to maturity; tradingbook; COVID-19
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  4. Risk mitigating versus risk shifting
    evidence from banks security trading in crises
    Author: Peydró, José-Luis; Polo, Andrea; Sette, Enrico
    Published: November 2020
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 541
    Inter-library loan:
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Barcelona GSE working paper series ; no 1219
    Subjects: risk shifting; financial crises; securities; bank capital; interbank funding,concentration risk; uncertainty; risk weights; available for sale; held to maturity; tradingbook; COVID-19
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  5. Securities cross-holding in the Colombian financial system: a topological approach
    Author: León, Carlos; Miguélez, Javier
    Published: [2020]
    Publisher:  Banco de la Republica Colombia, Bogotá, Colombia

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 468
    Inter-library loan:
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Borradores de economía ; no. 1134 (2020)
    Subjects: Financial stability; contagion; networks; reciprocity; transitivity; securities
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  6. Monetary Policy at Work
    Security and Credit Application Registers Evidence
    Author: Peydró, José-Luis; Polo, Andrea; Sette, Enrico
    Published: 2020
    Publisher:  ZBW – Leibniz Information Centre for Economics, Kiel

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