دانلود مقاله ISI انگلیسی شماره 80466
ترجمه فارسی عنوان مقاله

بازار بین بانکی در زمان بحران

عنوان انگلیسی
The interbank market during a crisis
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
80466 2002 12 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : European Economic Review, Volume 46, Issues 4–5, May 2002, Pages 809–820

ترجمه کلمات کلیدی
بحران مالی؛ بازار بین بانکی؛ بودجه فدرال
کلمات کلیدی انگلیسی
G21; E52Financial crisis; Interbank market; Federal funds
پیش نمایش مقاله
پیش نمایش مقاله  بازار بین بانکی در زمان بحران

چکیده انگلیسی

The autumn of 1998 provides a setting in which to test the performance of the interbank market during a potential financial crisis. This period witnessed Russia's effective default on its sovereign bonds and the near collapse of the hedge fund Long-Term Capital Management. Despite these negative shocks to bank capital and increased uncertainty in financial markets, the federal funds market still effectively channeled liquidity to those institutions in need at rates consistent with Federal Reserve intentions. Further, risk premiums on overnight lending were largely unaffected and lending volumes increased, suggesting that the federal funds market performed well during this period.