Liquidity hoarding
نویسندگان
چکیده
منابع مشابه
A Model of Liquidity Hoarding and Term Premia in Inter-Bank Markets
Financial crises are associated with reduced volumes and extreme levels of rates for term inter-bank loans, reflected in the one-month and three-month Libor. We explain such stress by modeling leveraged banks’ precautionary demand for liquidity. Asset shocks impair a bank’s ability to roll over debt because of agency problems associated with high leverage. In turn, banks hoard liquidity and dec...
متن کاملA Model of Liquidity Hoarding and Term Premia in Inter-Bank Markets1
Financial crises are associated with reduced volumes and extreme levels of rates for term inter-bank loans, reected in one-month and three-month LIBOR. We explain such stress by modeling leveraged banksprecautionary demand for liquidity. Asset shocks impair a banks ability to roll over debt because of agency problems associated with high leverage. In turn, banks hoard liquidity and decrease ...
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A bug that causes meningitis does not like to share. On page 627, Doulet et al. show that it hoards actin-binding proteins away from immune cells. The hoarding allows the bacterium to cross the blood–brain barrier and to prevent immune cells from responding. Many infl ammation-inducing leukocytes pass from the bloodstream to infected tissues through loosened endothelial cell–cell junctions. The...
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In a context-aware environment, the system must be able to refresh the answers to all pending queries in reaction to perpetual changes in the user’s context. This added to the fact that mobile systems suffer from problems like scarce bandwidth, low quality communication and frequent disconnections, leads to high delays before giving up to date answers to the user. A solution to reduce latency i...
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Recent empirical studies have shown an increasing co-movement between fund and market liquidity, which is driven by common factors such as monetary shocks. Modeling this comovement becomes desirable to evaluate policies relating to liquidity and financial instability. This paper establishes a monetary model with capital to explain the dynamic interactions between funding and market liquidity in...
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2013
ISSN: 1933-6837
DOI: 10.3982/te1064