Dealer capacity and US Treasury market functionality

D Duffie, MJ Fleming, FM Keane, C Nelson… - FRB of New York Staff …, 2023 - papers.ssrn.com
We show a significant loss in US Treasury market functionality when intensive use of dealer
balance sheets is needed to intermediate bond markets, as in March 2020. Although yield …

Resilience redux in the US Treasury market

D Duffie - Jackson Hole Symposium, Federal Reserve Bank of …, 2023 - papers.ssrn.com
The resilience of the US Treasury market is limited by dealer balance sheets that are not
sufficiently large and flexible to effectively intermediate this market in a``dash for cash," as …

Earnings management by banks through loan loss provisioning during downturns

A Allini, M Prisco, DA Ziebart, R Macchioni - Journal of Accounting and …, 2025 - Elsevier
This study investigates whether and how downturns affect earnings management through
loan loss provisioning in banks with poor performance. We capture downturns using three …

[PDF][PDF] Dealer Balance Sheets and Bidding Behavior in the Bank of England's QE Reverse Auctions

L Boneva, J Kastl, F Zikes - 2024 - snb.ch
We study dealers' bidding behavior in the Bank of England's quantitative easing (QE)
reverse auctions. Using a novel data set on both accepted and rejected offers together with …

[PDF][PDF] Structural Changes in Financial Markets and the Conduct of Monetary Policy

D Duffie - Federal Reserve Bank of Kansas City, Structural Shifts …, 2023 - kansascityfed.org
The resilience of the US Treasury market is limited by dealer balance sheets that are not
sufficiently large and flexible to effectively intermediate this market in a “dash for cash,” as …

Expectations in financial markets

H Kalsi - 2023 - repository.cam.ac.uk
Uncertainty pervades financial markets. How financial market participants form expectations
when faced with uncertainty is therefore central to the study of financial markets. This thesis …

[PDF][PDF] UNIVERSITY OF GDAŃSK-FACULTY OF ECONOMICS

RK Reinwald - bip.ug.edu.pl
UNIVERSITY OF GDAŃSK - FACULTY OF ECONOMICS On a Comparative Analysis of
Industrial Credit Portfolio Risk Models Versus a New S Page 1 UNIVERSITY OF GDAŃSK …

Yritysjoukkovelkakirjojen suoriutuminen koronapandemian aikakaudella

J Karén - 2023 - lutpub.lut.fi
Kandidaatintutkielman tavoitteena oli tutkia suomalaisten yritysten joukkovelkakirjojen
menestymistä ja markkinoiden luottamuksen kehitystä vuosina 2017–2022 …