Info
Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux
| Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux |
| Autore | Stella Peter |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (54 p.) |
| Disciplina | 332.11 |
| Altri autori (Persone) |
ShimizuSeiichi
GraySimon KluehUlrich ChaillouxAlexandre |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Banks and banking, Central
Monetary policy Financial crises Banks and Banking Finance: General Money and Monetary Policy Industries: Financial Services Banks Depository Institutions Micro Finance Institutions Mortgages Central Banks and Their Policies Portfolio Choice Investment Decisions Monetary Policy Banking Finance Monetary economics Collateral Open market operations Liquidity Standing facilities Banks and banking Loans Economics |
| ISBN |
1-4623-8808-6
1-4527-2587-X 1-282-84161-0 1-4518-7068-X 9786612841613 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Glossary; Executive Summary; I. General Considerations; II. Uncertainties; A. Market Demand for Liquidity; B. Functioning of Liquidity Distribution Networks; C. Collateral: Adverse Selection and Gresham's Law; Figures; 1. Composition of Collateral-Federal Reserve; 2. Eligible Collateral by Asset Type, (LH) and Collateral Used (RH); 3. Composition of Collateral Used for Temporary Operations-Bank of Japan; D. Maturity Structure of Liquidity Demand; III. Analysis of Recent Developments; A. Liquidity Management; 4. Eurosystem Daily and Average Reserve Holdings
B. Distribution Networks and CounterpartiesBoxes; 1. Reserve Flexibility Through Target Bands in the United Kingdom; Tables; 1. Counterparty Arrangements; 2. Initial Participation in the Federal Reserve's Term Auction Facility; 2. The Term Auction Facility; C. Collateral; 3. European Central Bank Weekly Main Refinancing Operation Marginal Rate vs. Coincident Market Rates Before and After the Crisis; 4. Federal Reserve Bank Open Market Operations Collateral; D. Term Operations and Monetary Policy; 5. Total Domestic Portfolio; 6. A Structure of Overall Liquidity Provision by Type of Operation 7. Bank of England OMOs: Monthly Average Amount Outstanding Central Bank Repos (2007-2008)8. Term of Reserve Bank of Australia Repos 2007; 3. Changes in the Monetary Policy Stance since July 2007; E. Instruments "Stigma"; F. Cross-border Liquidity Provision: Does the Cross-Border Market Matter?; 9. U.S. Dollar Short-term Rates; 10. Spread Between Morning Rate and Federal Reserve Funds Target Rate; 11. Spread Between Federal Reserve Funds Effective Rate and Morning Rate; G. Innovations: Asset-based Operations (TSLF and SLS) and the PDCF; 5. Term Liquidity Bidders; IV. Exit Strategies V. ConclusionsA. Liquidity Management; B. Distribution Networks and Counterparties; C. Collateral; D. Term Operations and Monetary Policy; E. Stigma; F. Cross-border Liquidity; 13. Three-Month LIBOR to Overnight Index Swap Spreads; Appendixes; I. Chronology of Central Banks' Response to Financial Turmoil During 2007-08; 14. United States: Selected Federal Reserve Policy Actions and Term Funding Stress; 15. European Central Bank Main Refinancing Rate vs. Eurepo One Week and Euribor One Week; II. Detailed Chronology of Measures Taken by Central Banks; Reference |
| Record Nr. | UNINA-9910788345603321 |
Stella Peter
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux
| Central Bank Response to the 2007–08 Financial Market Turbulence : : Experiences and Lessons Drawn / / Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich Klueh, Alexandre Chailloux |
| Autore | Stella Peter |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica | 1 online resource (54 p.) |
| Disciplina | 332.11 |
| Altri autori (Persone) |
ChaillouxAlexandre
GraySimon KluehUlrich ShimizuSeiichi |
| Collana |
IMF Working Papers
IMF working paper |
| Soggetto topico |
Banks and banking, Central
Monetary policy Financial crises Banking Banks and Banking Banks and banking Banks Central Banks and Their Policies Collateral Depository Institutions Economics Finance Finance: General Industries: Financial Services Investment Decisions Liquidity Loans Micro Finance Institutions Monetary economics Monetary Policy Money and Monetary Policy Mortgages Open market operations Portfolio Choice Standing facilities |
| ISBN |
9786612841613
9781462388080 1462388086 9781452725871 145272587X 9781282841611 1282841610 9781451870688 145187068X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; Glossary; Executive Summary; I. General Considerations; II. Uncertainties; A. Market Demand for Liquidity; B. Functioning of Liquidity Distribution Networks; C. Collateral: Adverse Selection and Gresham's Law; Figures; 1. Composition of Collateral-Federal Reserve; 2. Eligible Collateral by Asset Type, (LH) and Collateral Used (RH); 3. Composition of Collateral Used for Temporary Operations-Bank of Japan; D. Maturity Structure of Liquidity Demand; III. Analysis of Recent Developments; A. Liquidity Management; 4. Eurosystem Daily and Average Reserve Holdings
B. Distribution Networks and CounterpartiesBoxes; 1. Reserve Flexibility Through Target Bands in the United Kingdom; Tables; 1. Counterparty Arrangements; 2. Initial Participation in the Federal Reserve's Term Auction Facility; 2. The Term Auction Facility; C. Collateral; 3. European Central Bank Weekly Main Refinancing Operation Marginal Rate vs. Coincident Market Rates Before and After the Crisis; 4. Federal Reserve Bank Open Market Operations Collateral; D. Term Operations and Monetary Policy; 5. Total Domestic Portfolio; 6. A Structure of Overall Liquidity Provision by Type of Operation 7. Bank of England OMOs: Monthly Average Amount Outstanding Central Bank Repos (2007-2008)8. Term of Reserve Bank of Australia Repos 2007; 3. Changes in the Monetary Policy Stance since July 2007; E. Instruments "Stigma"; F. Cross-border Liquidity Provision: Does the Cross-Border Market Matter?; 9. U.S. Dollar Short-term Rates; 10. Spread Between Morning Rate and Federal Reserve Funds Target Rate; 11. Spread Between Federal Reserve Funds Effective Rate and Morning Rate; G. Innovations: Asset-based Operations (TSLF and SLS) and the PDCF; 5. Term Liquidity Bidders; IV. Exit Strategies V. ConclusionsA. Liquidity Management; B. Distribution Networks and Counterparties; C. Collateral; D. Term Operations and Monetary Policy; E. Stigma; F. Cross-border Liquidity; 13. Three-Month LIBOR to Overnight Index Swap Spreads; Appendixes; I. Chronology of Central Banks' Response to Financial Turmoil During 2007-08; 14. United States: Selected Federal Reserve Policy Actions and Term Funding Stress; 15. European Central Bank Main Refinancing Rate vs. Eurepo One Week and Euribor One Week; II. Detailed Chronology of Measures Taken by Central Banks; Reference |
| Record Nr. | UNINA-9910960621403321 |
|
Stella Peter
|
||
| Washington, D.C. : , : International Monetary Fund, , 2008 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||