Cargando…
The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis.
This paper provides evidence that central bank interventions had a statistically significant impact on easing stress in unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity provisions, such as the Term Auction Facility by the Fed...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
|
| Colección: | IMF Working Papers.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000Mu 4500 | ||
|---|---|---|---|
| 001 | EBOOKCENTRAL_ocn870245461 | ||
| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
| 006 | m o d | ||
| 007 | cr |n||||||||| | ||
| 008 | 140208s2009 dcu o 000 0 eng d | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d OCLCQ |d YDXCP |d OCLCQ |d ZCU |d MERUC |d U3W |d OCLCO |d OCLCF |d OCLCQ |d OCLCO |d CEF |d ICG |d OCLCQ |d OCLCO |d WYU |d DKC |d AU@ |d OCLCQ |d OCLCO |d U3G |d OCLCQ |d OCL |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 019 | |a 867080819 |a 1124409389 | ||
| 020 | |a 9781452736945 | ||
| 020 | |a 1452736944 | ||
| 020 | |a 1451917759 | ||
| 020 | |a 9781451917758 | ||
| 024 | 8 | |a 10.5089/9781451917758.001 | |
| 029 | 1 | |a AU@ |b 000053014381 | |
| 029 | 1 | |a DEBBG |b BV044178633 | |
| 035 | |a (OCoLC)870245461 |z (OCoLC)867080819 |z (OCoLC)1124409389 | ||
| 050 | 4 | |a HG1811 .F736 2009 | |
| 082 | 0 | 4 | |a 332.1 |a 332.11 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Hesse, Heiko. | |
| 245 | 1 | 4 | |a The Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (51 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 09/206 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Review of Developments and Policy Interventions; 1. U.S., U.K., and Euro Area Libor-OIS Spreads; III. Empirical Analysis; 2. Decomposition of U.S. and Euro Area Libor-OIS Spreads; 3. Decomposition of Libor-OIS Spreads; 1. Markov Switching Parameters for Levels and Volatility Models; 4. Markov Switching Mean-Variance Model for Euro Area and U.S. Libor-OIS Spreads; 5. Markov Switching ARCH Model for Euro Area and U.S. Libor-OIS Spreads; 2. Bivariate VAR Model; 6. Impulse Response Functions of Bivariate VAR Model. | |
| 505 | 8 | |a IV. Bivariate GARCH Framework3. Impact of Central Bank Interventions on LIBOR-OIS Spreads; V. Policy Implications and Conclusions; References; Footnotes. | |
| 520 | |a This paper provides evidence that central bank interventions had a statistically significant impact on easing stress in unsecured interbank markets during the first phase of the subprime crisis which began in July 2007. Extraordinary liquidity provisions, such as the Term Auction Facility by the Federal Reserve, are analyzed. First a decomposition of the Libor-OIS spread indicates that credit premia increased in importance as the crisis deepened. Second, using Markov switching models, central bank operations are then graphically associated with reductions in term funding stress. Finally, bivar. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Banks and banking, Central. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009. | |
| 650 | 0 | |a Liquidity (Economics) | |
| 650 | 0 | |a Monetary policy. | |
| 650 | 0 | |a Subprime mortgage loans. | |
| 650 | 6 | |a Banques centrales. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009. | |
| 650 | 6 | |a Liquidité (Économie politique) | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 6 | |a Prêts hypothécaires à risque. | |
| 650 | 7 | |a Banks and banking, Central |2 fast | |
| 650 | 7 | |a Liquidity (Economics) |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 650 | 7 | |a Subprime mortgage loans |2 fast | |
| 647 | 7 | |a Global Financial Crisis |d (2008-2009) |2 fast |1 https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm | |
| 648 | 7 | |a 2008-2009 |2 fast | |
| 700 | 1 | |a Frank, Nathaniel. | |
| 758 | |i has work: |a The effectiveness of central bank interventions during the first phase of the subprime crisis (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFPJCvkFHPQQF6rP6R9JjC |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Hesse, Heiko. |t Effectiveness of Central Bank Interventions During the First Phase of the Subprime Crisis. |d Washington : International Monetary Fund, ©2009 |z 9781451873535 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1608834 |z Texto completo |
| 938 | |a ProQuest Ebook Central |b EBLB |n EBL1608834 | ||
| 938 | |a YBP Library Services |b YANK |n 11618186 | ||
| 994 | |a 92 |b IZTAP | ||