Interbank Lending, Credit-Risk Premia, and Collateral - Hardcover

Heider, Florian; Hoerova, Marie

Hardcover

ISBN 10: 1025081005 ISBN 13: 9781025081007

Verlag: Hutson Street Press, 2025

Inhaltsangabe

We study the functioning of secured and unsecured interbank markets in the presence of credit risk. The model generates empirical predictions that are in line with developments during the 2007-09 financial crisis. Interest rates decouple across secured and unsecured markets following an adverse shock to credit risk. The scarcity of underlying collateral may amplify the volatility of interest rates in secured markets. We use the model to discuss various policy responses to the crisis.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Details zur Ausgabe

• Verlag: Hutson Street Press
• Erscheinungsdatum: 2025
• Sprache: Englisch
• ISBN 10: 1025081005
• ISBN 13: 9781025081007
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 40
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar