Reprint of: Central bank collateral frameworks

Nyborg, Kjell G.

doi:10.1016/j.jbankfin.2017.07.016

Cited by 12 publications

(2 citation statements)

References 59 publications

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“…Especially the MRO rate tends to be higher than the rates in the private repo market. While the LTRO/TLTRO rates are lower than the MRO, the ECB's haircut policies still incentive participants to provide weaker collateral (Nyborg, 2017) are downloadable from the ECB homepage. ECB also publishes the specific rules that govern the assignment of the haircuts through tables such as those depicted in Table 2.…”

Section: The Effect Of Funding Costs On Bond Yieldsmentioning

confidence: 99%

Bond Convenience Curves and Funding Costs

Nissinen

Sihvonen

2022

SSRN Journal

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Section: The Effect Of Funding Costs On Bond Yieldsmentioning

confidence: 99%

Bond Convenience Curves and Funding Costs

Nissinen

Sihvonen

2022

SSRN Journal

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“…Note that arguments based on bank demand for ECB eligible collateral and liquidity cannot easily account for this role of compensation schemes nor for the specific increased demand for domestic higheryielding government debt(Nyborg (2017)). 6 See https://www.bis.org/publ/bcbs189 dec2010.htm.7 Arguably, the leverage ratio may even be a better measure of the fundamental health of the bank than the risk-based regulatory solvency ratio, because banks have an incentive to artificially increase the latter by manipulating the risk-weights of their assets(Mariathasan and Merrouche (2014)).…”

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confidence: 99%

Essays on Risk Creation in the Banking Sector

Kütük

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This thesis consists of four essays exploring risk creation in the banking sector. The essays examine how conflicting interests can compromise the objectivity, judgment, and decision making of economic agents. Consequently, they may prioritize their personal or institutional interests over the best interests of others or the entire financial system. Chapter 2 delves into the conflict of interest that arises when a bank serves as an investor in the stock market. Chapter 3 revisits the discussion of the potential misalignment between sovereign incentives and the collective interests of the currency union, particularly in the bond market. Chapter 4 draws attention to a situation where regulations in the banking sector may be advantageous for a government in the sovereign bond market. Finally, Chapter 5 looks at the flip side of the coin, examining how banks may be susceptible to moral hazard concerns in their FX lending decisions, given that they do not fully bear the consequences of their actions.

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Analyzing the role of mergers and acquisitions and environmental investment in achieving energy transition and sustainability

Li,

Geng

2024

Econ Change Restruct

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Reprint of: Central bank collateral frameworks

Cited by 12 publications

References 59 publications

Bond Convenience Curves and Funding Costs

Bond Convenience Curves and Funding Costs

Essays on Risk Creation in the Banking Sector

Analyzing the role of mergers and acquisitions and environmental investment in achieving energy transition and sustainability

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