Interbank Tiering And Money Center Banks PDF Download
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| Author | : Ben R. Craig |
| Publisher | : |
| Total Pages | : 64 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download Interbank Tiering and Money Center Banks Book in PDF, ePub and Kindle
This paper provides evidence that interbank markets are tiered rather than flat, in the sense that most banks do not lend to each other directly but through money center banks acting as intermediaries. We capture the concept of tiering by developing a core-periphery model, and devise a procedure for fitting the model to real-world networks. Using Bundesbank data on bilateral interbank exposures among 1800 banks, we find strong evidence of tiering in the German banking system. Moreover, bankspecific features, such as balance sheet size, predict how banks position themselves in the interbank market. This link provides a promising avenue for understanding the formation of financial networks.
| Author | : Ben Craig |
| Publisher | : |
| Total Pages | : 50 |
| Release | : 2010 |
| Genre | : Banks and banking |
| ISBN | : |
Download Interbank Tiering and Money Center Banks Book in PDF, ePub and Kindle
| Author | : Mehmet Ziya Gorpe |
| Publisher | : International Monetary Fund |
| Total Pages | : 63 |
| Release | : 2019-05-10 |
| Genre | : Business & Economics |
| ISBN | : 1498312071 |
Download CoMap: Mapping Contagion in the Euro Area Banking Sector Book in PDF, ePub and Kindle
This paper presents a novel approach to investigate and model the network of euro area banks’ large exposures within the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non-linear function of the combination of network structures and bank-specific characteristics.
| Author | : Kartik Anand |
| Publisher | : |
| Total Pages | : 23 |
| Release | : |
| Genre | : Banks and banking |
| ISBN | : |
Download Filling in the Blanks Book in PDF, ePub and Kindle
The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy serves as the leading method for estimating counterparty exposures. This paper proposes an efficient alternative that combines information-theoretic arguments with economic incentives to produce more realistic interbank networks that preserve important characteristics of the original interbank market. The method loads the most probable links with the largest exposures consistent with the total lending and borrowing of each bank, yielding networks with minimum density. When used in a stress-testing context, the minimum density solution overestimates contagion, whereas maximum entropy underestimates it. Using the two benchmarks side by side defines a useful range that bounds the cost of systemic stress present in the true interbank network when counterparty exposures are unknown.
| Author | : Mr.Luc Laeven |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 2014-05-08 |
| Genre | : Business & Economics |
| ISBN | : 1484363728 |
Download Bank Size and Systemic Risk Book in PDF, ePub and Kindle
The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or “too big to fail” subsidies. The paper then presents evidence on the extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages in the area of capital regulation and activity restrictions to reduce the systemic risk posed by large banks. The analysis of the paper complements earlier Fund work, including SDN 13/04 and the recent GFSR chapter on “too big to fail” subsidies, and its policy message is in line with this earlier work.
| Author | : Mr.Bernard Laurens |
| Publisher | : International Monetary Fund |
| Total Pages | : 108 |
| Release | : 1996-09-26 |
| Genre | : Business & Economics |
| ISBN | : 9781557755629 |
Download Monetary and Exchange System Reforms in China Book in PDF, ePub and Kindle
In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.
| Author | : Falk Bräuning |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download Relationship Lending in the Interbank Market and the Price of Liquidity Book in PDF, ePub and Kindle
| Author | : Andreas Jobst |
| Publisher | : International Monetary Fund |
| Total Pages | : 48 |
| Release | : 2016-08-10 |
| Genre | : Business & Economics |
| ISBN | : 1475524471 |
Download Negative Interest Rate Policy (NIRP) Book in PDF, ePub and Kindle
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.
| Author | : International Monetary Fund. Monetary and Capital Markets Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 89 |
| Release | : 2018-03-08 |
| Genre | : Business & Economics |
| ISBN | : 1484345878 |
Download Belgium Book in PDF, ePub and Kindle
This Technical Note discusses the results of the stress testing of Belgium’s banking and insurance sectors. Belgium’s financial sector remains resilient in the face of the rising cyclical vulnerabilities, but there is a need for closely monitoring risks. Stress tests on banks and insurance companies confirm that they can absorb credit, sovereign, and market losses in the event of a severe deterioration in macro-financial conditions. All banks meet minimum capital requirements and none needs to draw down its capital conservation buffer over the stress horizon. The risk of interbank contagion through direct exposures is low. Insurance companies are also generally resilient and losses incurred in the stress scenarios by those that belong to banking groups do not threaten the soundness of those groups.
| Author | : Board of Governors of the Federal Reserve System |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2002 |
| Genre | : Banks and Banking |
| ISBN | : 9780894991967 |
Download The Federal Reserve System Purposes and Functions Book in PDF, ePub and Kindle
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
