Alfred Lehar - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:48:03+00:00Emergency Liquidity Facilities, Signalling and Funding Costs
https://www.bankofcanada.ca/2015/12/staff-working-paper-2015-44/
In the months preceding the failure of Lehman Brothers in September 2008, banks were willing to pay a premium over the Federal Reserve’s discount window (DW) rate to participate in the much less flexible Term Auction Facility (TAF). We empirically test the predictions of a new signalling model that offers a rationale for offering two different liquidity facilities.2015-12-03T13:39:05+00:00enEmergency Liquidity Facilities, Signalling and Funding Costs2015-12-03Financial institutionsFinancial stabilityLender of last resortStaff Working Paper 2015-44https://www.bankofcanada.ca/wp-content/uploads/2015/12/wp2015-44.pdfEmergency Liquidity Facilities, Signalling and Funding CostsCéline GauthierAlfred LeharHéctor Pérez SaizMoez SouissiDecember 2015GG0G01G2G21G28Macroprudential Regulation and Systemic Capital Requirements
https://www.bankofcanada.ca/2010/01/working-paper-2010-4/
In the aftermath of the financial crisis, there is interest in reforming bank regulation such that capital requirements are more closely linked to a bank's contribution to the overall risk of the financial system. In our paper we compare alternative mechanisms for allocating the overall risk of a banking system to its member banks.2010-01-26T09:44:52+00:00enMacroprudential Regulation and Systemic Capital Requirements2010-01-26Financial stabilityWorking Paper 2010-4https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-4.pdfMacroprudential Regulation and Systemic Capital RequirementsCéline GauthierAlfred LeharMoez SouissiJanuary 2010CC1C15C8C81EE4E44GG2G21