‘Overnight standing repo facility’ could stop year-end rate spikes, and extend Fed’s reach
This paper studies the microstructure of the short-term uncollateralized Danish interbank market before, during and after the financial crisis, and into an era of negative interest rates.
Empirical assessments of the Reserve Bank of India’s policy measures on payment and settlement systems in India
This paper empirically evaluates the effects of policy measures used by the Reserve Bank of India (RBI) on interbank payment and settlement systems in that country.
Thirty-plus basis point divergence recorded in first three months of 2018
The financial system can operate efficiently with $500 billion or less in reserves after normalisation
Monetary policy and bank regulations contribute to widening US wealth gap
Fed’s balance sheet normalisation goal set to collide with its banking system resilience aims
LCR and NSFR could produce $1 trillion shortfall in plans for balance-sheet ‘normalisation’
This paper examines how West Texas Intermediate (WTI) crude oil price returns and volatilities respond to changes in US monetary policy.
Difference between pay-fixed yen swap rates at LCH and JSCC neared 16bp before falling 30% last week
BoE economist says digital currencies might improve real policy rates, tax rates and bank competition
Mobilization of collateral in Germany as a reflection of monetary policy and financial market developments
This paper describes and analyzes developments in the market value of marketable assets submitted as collateral in Germany and the Eurosystem against the backdrop of the financial market crisis.
This paper looks at securities-lending, derivatives and prime-brokerage markets as suppliers of collateral.
The authors provide theoretical microfoundations to understand the impact of monetary policy on markets characterized by collateral reuse.
Flooding market with cheap swaps knocks 14% off bid rate
Monetary policy and regulation have amplified illiquidity, says IMF official
Executive board member says there is much to learn about how macro-prudential tools work
Eurozone QE programme prompts wave of investor interest
The impending transition from Ben Bernanke to Janet Yellen at the US Federal Reserve is taking place at a particularly sensitive time, argues David Rowe – the new chair faces the logistical nightmare of unwinding a massive increase in the central bank’s…
Fighting the Fed