PDF Version - Federal Reserve Bank of Minneapolis
... dollar volume of seasonal borrowing also remained small compared to what could have been borrowed. In 1978, for example, annual average borrowing totaled $121 million—only 17 percent of the funds available. The small proportion of eligible banks that have used the privilege suggests at the very leas ...
... dollar volume of seasonal borrowing also remained small compared to what could have been borrowed. In 1978, for example, annual average borrowing totaled $121 million—only 17 percent of the funds available. The small proportion of eligible banks that have used the privilege suggests at the very leas ...
Efficiency of Financial Intermediation: An
... assets or total assets; and (2) interest rate spread – the gap between (simply) lending and deposits rates. Both definitions are subject to limitations. For instance, NIM suffers from a number of problems such as: (1) it does not include any fee and commission, which can change the effective margin; ...
... assets or total assets; and (2) interest rate spread – the gap between (simply) lending and deposits rates. Both definitions are subject to limitations. For instance, NIM suffers from a number of problems such as: (1) it does not include any fee and commission, which can change the effective margin; ...
Banks` Sovereign Exposures and the Feedback Loop
... regulation on the provision of loans to the broader economy; the consequences for monetary policy; the effects on the functioning of sovereign debt markets and on governments’ financing conditions; the impact on other financial market segments. Several of these issues are being investigated at the B ...
... regulation on the provision of loans to the broader economy; the consequences for monetary policy; the effects on the functioning of sovereign debt markets and on governments’ financing conditions; the impact on other financial market segments. Several of these issues are being investigated at the B ...
The supply of money - bank behaviour and the implications
... Through the duality of lending and deposit issuance, banks fulfil a number of functions: they offer liquidity and payment services, undertake the screening and monitoring of borrowers’ creditworthiness, redistribute risks and transform asset characteristics. These functions will often interact withi ...
... Through the duality of lending and deposit issuance, banks fulfil a number of functions: they offer liquidity and payment services, undertake the screening and monitoring of borrowers’ creditworthiness, redistribute risks and transform asset characteristics. These functions will often interact withi ...
FINANCIAL STABILITY REPORT
... Domestic households and non-financial corporations (NFCs) continue to be highly indebted, with bank credit to the domestic private sector reaching the level of 280,2% of GDP at end-March 2015 and is significantly higher than the euro-area average. At high levels of indebtedness households and corpor ...
... Domestic households and non-financial corporations (NFCs) continue to be highly indebted, with bank credit to the domestic private sector reaching the level of 280,2% of GDP at end-March 2015 and is significantly higher than the euro-area average. At high levels of indebtedness households and corpor ...
The Effects of the Saving and Banking Glut on the U.S. Economy
... among many others, provide more detailed accounts of the events of the crisis and of some of the important mechanisms at play, with a special focus on subprime mortgages and their securitization. In fact, in this early phase, this sequence of events was most often described as the “subprime crisis.” ...
... among many others, provide more detailed accounts of the events of the crisis and of some of the important mechanisms at play, with a special focus on subprime mortgages and their securitization. In fact, in this early phase, this sequence of events was most often described as the “subprime crisis.” ...
International Interbank Borrowing During the Global Crisis
... dependence on common creditors; (ii) global risk aversion; (iii) foreign subsidiaries dependence on parent funding; and (iv) exposure to U.S. financial assets and liabilities. Several studies have found common creditor effects in emerging markets (e.g., McGuire and Tarashev, 2008; Kamil and Rai, 200 ...
... dependence on common creditors; (ii) global risk aversion; (iii) foreign subsidiaries dependence on parent funding; and (iv) exposure to U.S. financial assets and liabilities. Several studies have found common creditor effects in emerging markets (e.g., McGuire and Tarashev, 2008; Kamil and Rai, 200 ...
Single Market, National Companies?
... cross-border financial flows in the early 1990s. Two Nordic cases, one established and one recently privatised, were included in the shape of Denmark and Iceland. The report is therefore built up around these seven cases, or rather, the central cases that illustrate the main politically driven obsta ...
... cross-border financial flows in the early 1990s. Two Nordic cases, one established and one recently privatised, were included in the shape of Denmark and Iceland. The report is therefore built up around these seven cases, or rather, the central cases that illustrate the main politically driven obsta ...
The Sunprime Crisis - A Test Match for the Bankers: Glass
... out by the federal government. They included such behemoths as Merrill Lynch, Bear Stearns, Morgan Stanley and Lehman Brothers. 1 Some 140 commercial banks failed in 2009 as a result of the crisis,2 and several large commercial banks had to be rescued or bailed out as well, including Citigroup, Bank ...
... out by the federal government. They included such behemoths as Merrill Lynch, Bear Stearns, Morgan Stanley and Lehman Brothers. 1 Some 140 commercial banks failed in 2009 as a result of the crisis,2 and several large commercial banks had to be rescued or bailed out as well, including Citigroup, Bank ...
the Treasury Management Strategy Statement 2017/18
... If the UK enters into a recession in 2017/18, there is a small chance that the Bank of England could set its Bank Rate at or below zero, which is likely to feed through to negative interest rates on all low risk, short-term investment options. This situation already exists in many other European cou ...
... If the UK enters into a recession in 2017/18, there is a small chance that the Bank of England could set its Bank Rate at or below zero, which is likely to feed through to negative interest rates on all low risk, short-term investment options. This situation already exists in many other European cou ...
Deka-CorporateBond High Yield Euro, vereinf
... futures contract can lead to substantial gains or losses relative to the margin paid. In this regard, futures contracts exhibit high volatility. Custody of assets in foreign countries is associated with the risk of loss, which may result from insolvency, violations of the duty of care, or improper c ...
... futures contract can lead to substantial gains or losses relative to the margin paid. In this regard, futures contracts exhibit high volatility. Custody of assets in foreign countries is associated with the risk of loss, which may result from insolvency, violations of the duty of care, or improper c ...
presentation
... “HIGHER RISK VS. LOWER GROWTH THE CHALLENGE AHEAD” Merrill Lynch European Banking & ...
... “HIGHER RISK VS. LOWER GROWTH THE CHALLENGE AHEAD” Merrill Lynch European Banking & ...
FCIC Roundtable - October 20 2009 (4)_1
... for loans. This new group of eligible borrowers increased housing demand and helped inflate home prices. These new financial innovations thrived in an environment of easy monetary policy by the Federal Reserve and poor regulatory oversight. With interest rates so low and with regulators turning a bl ...
... for loans. This new group of eligible borrowers increased housing demand and helped inflate home prices. These new financial innovations thrived in an environment of easy monetary policy by the Federal Reserve and poor regulatory oversight. With interest rates so low and with regulators turning a bl ...
The regulatory framework for Hedge Funds in Guernsey
... The Commission has made three sets of open-end fund rules under the POI Law. These are the Class A Rules (originally issued in 1988 and radically revised in 2002), the Class B Rules (issued in 1990) and the Class Q Rules (issued in 1998). The Class A Rules broadly replicate the UK collective investm ...
... The Commission has made three sets of open-end fund rules under the POI Law. These are the Class A Rules (originally issued in 1988 and radically revised in 2002), the Class B Rules (issued in 1990) and the Class Q Rules (issued in 1998). The Class A Rules broadly replicate the UK collective investm ...
Balance Sheet Capacity and Endogenous Risk
... If Value-at-Risk is low in expansions and high in contractions, leverage is high in expansions and low in contractions – that is, leverage is procyclical. This suggests that there is a notion of balance sheet capacity for the banking sector that depends on first, the size of its capital base (its eq ...
... If Value-at-Risk is low in expansions and high in contractions, leverage is high in expansions and low in contractions – that is, leverage is procyclical. This suggests that there is a notion of balance sheet capacity for the banking sector that depends on first, the size of its capital base (its eq ...
Surviving the perfect storm: the role of the lender of last resort Nuno
... In this paper, we are able to perform a more targeted test of the role of the lender of last resort in a crisis setting. Since the early days of the global …nancial crisis, the ECB, together with central banks worldwide, actively intervened to restore the transmission of monetary policy and ful…l it ...
... In this paper, we are able to perform a more targeted test of the role of the lender of last resort in a crisis setting. Since the early days of the global …nancial crisis, the ECB, together with central banks worldwide, actively intervened to restore the transmission of monetary policy and ful…l it ...
Austrian financial intermediaries
... consolidated return on average assets of 0.1%. The 2014 result does not reflect the losses of Hypo Alpe-Adria-Bank In ternational AG (HAA), however, as the bank was put into resolution in the course of the year. For the second year in a row the Austrian banks deemed significant under the Single Sup ...
... consolidated return on average assets of 0.1%. The 2014 result does not reflect the losses of Hypo Alpe-Adria-Bank In ternational AG (HAA), however, as the bank was put into resolution in the course of the year. For the second year in a row the Austrian banks deemed significant under the Single Sup ...
Economics and Moral Sentiments: The Case of Moral Hazard
... incentive to increase demand for medical care, but more that medical professionals will alter treatment policy because of insurance; where market participants can influence the market, there is not a competitive equilibrium. Professional ethics are a constraint on moral hazard, implying that breach ...
... incentive to increase demand for medical care, but more that medical professionals will alter treatment policy because of insurance; where market participants can influence the market, there is not a competitive equilibrium. Professional ethics are a constraint on moral hazard, implying that breach ...
International Activities of Australian Banks
... Developments in international debt securities and deposit funding In the years leading up to the global financial crisis, Australian banks’ international liabilities grew at a faster pace than their balance sheets. During this period, the major Australian banks raised funds domestically or in variou ...
... Developments in international debt securities and deposit funding In the years leading up to the global financial crisis, Australian banks’ international liabilities grew at a faster pace than their balance sheets. During this period, the major Australian banks raised funds domestically or in variou ...
Promoting Competition and Entrepreneurship
... Basic rule of DFIs Relation with private financial sector Priority sectors & DFIs Sources of funds Economic liberalisation and deregulation Financial crisis in East Asia Expanded rule of DFIs in financial crisis Changing rules of DFIs “The history of development banks teaches some im ...
... Basic rule of DFIs Relation with private financial sector Priority sectors & DFIs Sources of funds Economic liberalisation and deregulation Financial crisis in East Asia Expanded rule of DFIs in financial crisis Changing rules of DFIs “The history of development banks teaches some im ...
Multiple Choice Tutorial Chapter 13 Money and the
... 44. University Center National Bank has checkable deposits of $800,000, outstanding loans and other securities valued at $550,000 and $250,000 of cash in its vault. When the reserve requirement is 20%, the bank has a. total reserves of $160,000. b. total reserves of $300,00. c. excess reserves of $ ...
... 44. University Center National Bank has checkable deposits of $800,000, outstanding loans and other securities valued at $550,000 and $250,000 of cash in its vault. When the reserve requirement is 20%, the bank has a. total reserves of $160,000. b. total reserves of $300,00. c. excess reserves of $ ...
Lecture 4
... Typical expense ratio e = 13% ALR must increase by 4 bp per 1% capital Potential impact on real investment ...
... Typical expense ratio e = 13% ALR must increase by 4 bp per 1% capital Potential impact on real investment ...