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

Heider, Florian; Hoerova, Marie

Softcover

ISBN 10: 1025085566 ISBN 13: 9781025085562

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.

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Details zur Ausgabe

• Verlag: Hutson Street Press
• Erscheinungsdatum: 2025
• Sprache: Englisch
• ISBN 10: 1025085566
• ISBN 13: 9781025085562
• Einband: Taschenbuch
• Anzahl der Seiten: 40
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar