Matches in SemOpenAlex for { <https://semopenalex.org/work/W785836384> ?p ?o ?g. }
- W785836384 endingPage "51" @default.
- W785836384 startingPage "18" @default.
- W785836384 abstract "This paper discusses the causes that led to an increase in the average interbank money market rate far above the policy rate in the period 17 October-5 November 2008. Data do not support the assumption that interest rate volatility was generated by inadequate liquidity management in the banking system or by banks’ collateral volume and interbank collateral structure. I present a method of identifying a currency crisis and use it to show that the high interest rate volatility was the result of a speculative attack on the Romanian leu. This has altered liquidity flows between credit institutions, thus entailing a higher interest rate. The paper also shows that the central bank tailored its liquidity management to counter the speculative attack and create favorable conditions for the interest rate to return to normal levels. It explains the logic and the reasons behind the speculative attack and shows the role that central bank reputation played during this episode and in the buildup of risks in the run-up to the global financial crisis." @default.
- W785836384 created "2016-06-24" @default.
- W785836384 creator A5036066217 @default.
- W785836384 date "2013-01-01" @default.
- W785836384 modified "2023-09-23" @default.
- W785836384 title "Liquidity, the October 2008 Speculative Attack and the Central Bank Reputation" @default.
- W785836384 cites W1528857264 @default.
- W785836384 cites W1558285228 @default.
- W785836384 cites W1562830663 @default.
- W785836384 cites W1979820681 @default.
- W785836384 cites W1985122083 @default.
- W785836384 cites W1992759142 @default.
- W785836384 cites W2009492905 @default.
- W785836384 cites W2023608452 @default.
- W785836384 cites W2030668391 @default.
- W785836384 cites W2045671520 @default.
- W785836384 cites W2046201269 @default.
- W785836384 cites W2059893430 @default.
- W785836384 cites W2112559425 @default.
- W785836384 cites W2132728611 @default.
- W785836384 cites W2143791688 @default.
- W785836384 cites W2159231449 @default.
- W785836384 cites W2161129497 @default.
- W785836384 cites W2167691569 @default.
- W785836384 cites W2168054804 @default.
- W785836384 cites W2892248859 @default.
- W785836384 cites W3121414042 @default.
- W785836384 cites W3121935849 @default.
- W785836384 cites W3122321166 @default.
- W785836384 cites W3122924866 @default.
- W785836384 cites W3122939729 @default.
- W785836384 cites W3123340471 @default.
- W785836384 cites W3123915533 @default.
- W785836384 cites W3124605126 @default.
- W785836384 cites W3125251675 @default.
- W785836384 cites W3150126213 @default.
- W785836384 hasPublicationYear "2013" @default.
- W785836384 type Work @default.
- W785836384 sameAs 785836384 @default.
- W785836384 citedByCount "1" @default.
- W785836384 countsByYear W7858363842015 @default.
- W785836384 crossrefType "posted-content" @default.
- W785836384 hasAuthorship W785836384A5036066217 @default.
- W785836384 hasConcept C10138342 @default.
- W785836384 hasConcept C106159729 @default.
- W785836384 hasConcept C126285488 @default.
- W785836384 hasConcept C141121606 @default.
- W785836384 hasConcept C144133560 @default.
- W785836384 hasConcept C162324750 @default.
- W785836384 hasConcept C174106034 @default.
- W785836384 hasConcept C175025494 @default.
- W785836384 hasConcept C176923680 @default.
- W785836384 hasConcept C183582576 @default.
- W785836384 hasConcept C189259953 @default.
- W785836384 hasConcept C189722922 @default.
- W785836384 hasConcept C2777910564 @default.
- W785836384 hasConcept C556758197 @default.
- W785836384 hasConcept C73283319 @default.
- W785836384 hasConcept C91602232 @default.
- W785836384 hasConceptScore W785836384C10138342 @default.
- W785836384 hasConceptScore W785836384C106159729 @default.
- W785836384 hasConceptScore W785836384C126285488 @default.
- W785836384 hasConceptScore W785836384C141121606 @default.
- W785836384 hasConceptScore W785836384C144133560 @default.
- W785836384 hasConceptScore W785836384C162324750 @default.
- W785836384 hasConceptScore W785836384C174106034 @default.
- W785836384 hasConceptScore W785836384C175025494 @default.
- W785836384 hasConceptScore W785836384C176923680 @default.
- W785836384 hasConceptScore W785836384C183582576 @default.
- W785836384 hasConceptScore W785836384C189259953 @default.
- W785836384 hasConceptScore W785836384C189722922 @default.
- W785836384 hasConceptScore W785836384C2777910564 @default.
- W785836384 hasConceptScore W785836384C556758197 @default.
- W785836384 hasConceptScore W785836384C73283319 @default.
- W785836384 hasConceptScore W785836384C91602232 @default.
- W785836384 hasIssue "2" @default.
- W785836384 hasLocation W7858363841 @default.
- W785836384 hasOpenAccess W785836384 @default.
- W785836384 hasPrimaryLocation W7858363841 @default.
- W785836384 hasRelatedWork W1511185632 @default.
- W785836384 hasRelatedWork W1546300403 @default.
- W785836384 hasRelatedWork W1827609646 @default.
- W785836384 hasRelatedWork W1892891126 @default.
- W785836384 hasRelatedWork W1909658357 @default.
- W785836384 hasRelatedWork W2024217769 @default.
- W785836384 hasRelatedWork W2066572503 @default.
- W785836384 hasRelatedWork W2069817567 @default.
- W785836384 hasRelatedWork W2123113582 @default.
- W785836384 hasRelatedWork W2134479190 @default.
- W785836384 hasRelatedWork W2524266585 @default.
- W785836384 hasRelatedWork W2579954436 @default.
- W785836384 hasRelatedWork W2903820417 @default.
- W785836384 hasRelatedWork W3122328431 @default.
- W785836384 hasRelatedWork W3124121965 @default.
- W785836384 hasRelatedWork W3124417970 @default.
- W785836384 hasRelatedWork W3125333365 @default.
- W785836384 hasRelatedWork W3126101712 @default.
- W785836384 hasRelatedWork W2265277850 @default.