Matches in SemOpenAlex for { <https://semopenalex.org/work/W2237308493> ?p ?o ?g. }
Showing items 1 to 68 of
68
with 100 items per page.
- W2237308493 abstract "Transaction cost shocks in financial markets are known to affect asset prices. This paper analyses how changes in transaction costs may affect the value of assets that banks use to collateralise borrowings in monetary policy operations. Based on a simple asset pricing model and employing a dataset of hypothetical Eurosystem collateral positions, we simulate and quantify the resulting change in collateral value pledged by counterparties to the Eurosystem, resulting from a transaction cost shock. A 10 basis point increase in transaction costs entails a direct -0.30% decrease of collateral value and a -0.07% decrease when adjusted for the expected reduction in the number of trades of each asset. We conclude that banks will on average suffer small collateral losses while selected institutions could face a considerably larger collateral decrease." @default.
- W2237308493 created "2016-06-24" @default.
- W2237308493 creator A5053884030 @default.
- W2237308493 creator A5059855073 @default.
- W2237308493 date "2015-01-01" @default.
- W2237308493 modified "2023-10-16" @default.
- W2237308493 title "Collateral Damage? Micro-Simulation of Transaction Cost Shocks on the Value of Central Bank Collateral" @default.
- W2237308493 doi "https://doi.org/10.2139/ssrn.2621509" @default.
- W2237308493 hasPublicationYear "2015" @default.
- W2237308493 type Work @default.
- W2237308493 sameAs 2237308493 @default.
- W2237308493 citedByCount "0" @default.
- W2237308493 crossrefType "journal-article" @default.
- W2237308493 hasAuthorship W2237308493A5053884030 @default.
- W2237308493 hasAuthorship W2237308493A5059855073 @default.
- W2237308493 hasBestOaLocation W22373084932 @default.
- W2237308493 hasConcept C10138342 @default.
- W2237308493 hasConcept C119857082 @default.
- W2237308493 hasConcept C126285488 @default.
- W2237308493 hasConcept C144024400 @default.
- W2237308493 hasConcept C144133560 @default.
- W2237308493 hasConcept C162324750 @default.
- W2237308493 hasConcept C2776291640 @default.
- W2237308493 hasConcept C2777910564 @default.
- W2237308493 hasConcept C2992735868 @default.
- W2237308493 hasConcept C2993632694 @default.
- W2237308493 hasConcept C41008148 @default.
- W2237308493 hasConcept C556758197 @default.
- W2237308493 hasConcept C73283319 @default.
- W2237308493 hasConcept C73484699 @default.
- W2237308493 hasConcept C75949130 @default.
- W2237308493 hasConcept C77088390 @default.
- W2237308493 hasConcept C98965940 @default.
- W2237308493 hasConceptScore W2237308493C10138342 @default.
- W2237308493 hasConceptScore W2237308493C119857082 @default.
- W2237308493 hasConceptScore W2237308493C126285488 @default.
- W2237308493 hasConceptScore W2237308493C144024400 @default.
- W2237308493 hasConceptScore W2237308493C144133560 @default.
- W2237308493 hasConceptScore W2237308493C162324750 @default.
- W2237308493 hasConceptScore W2237308493C2776291640 @default.
- W2237308493 hasConceptScore W2237308493C2777910564 @default.
- W2237308493 hasConceptScore W2237308493C2992735868 @default.
- W2237308493 hasConceptScore W2237308493C2993632694 @default.
- W2237308493 hasConceptScore W2237308493C41008148 @default.
- W2237308493 hasConceptScore W2237308493C556758197 @default.
- W2237308493 hasConceptScore W2237308493C73283319 @default.
- W2237308493 hasConceptScore W2237308493C73484699 @default.
- W2237308493 hasConceptScore W2237308493C75949130 @default.
- W2237308493 hasConceptScore W2237308493C77088390 @default.
- W2237308493 hasConceptScore W2237308493C98965940 @default.
- W2237308493 hasLocation W22373084931 @default.
- W2237308493 hasLocation W22373084932 @default.
- W2237308493 hasOpenAccess W2237308493 @default.
- W2237308493 hasPrimaryLocation W22373084931 @default.
- W2237308493 hasRelatedWork W1555604105 @default.
- W2237308493 hasRelatedWork W1711214931 @default.
- W2237308493 hasRelatedWork W2121558828 @default.
- W2237308493 hasRelatedWork W2163904513 @default.
- W2237308493 hasRelatedWork W2346377723 @default.
- W2237308493 hasRelatedWork W272273057 @default.
- W2237308493 hasRelatedWork W2955619774 @default.
- W2237308493 hasRelatedWork W3153165858 @default.
- W2237308493 hasRelatedWork W3165646530 @default.
- W2237308493 hasRelatedWork W3123024545 @default.
- W2237308493 isParatext "false" @default.
- W2237308493 isRetracted "false" @default.
- W2237308493 magId "2237308493" @default.
- W2237308493 workType "article" @default.