The short-term Danish interbank market before, during and after the financial crisis

Arbeitspapier

The short-term Danish interbank market before, during and after the financial crisis The paper studies the microstructure of the short-term uncollateralised Danish interbank market before, during and after the financial crisis. The financial crisis in 2008 was followed by a slowdown in trading activity which might reflect increased awareness of counterparty credit-risk and a reduction in the number of banks due to mergers and acquisitions as well as bank failures. A further reduction in trading activity followed the large increase of the monetary-policy counterparties' current- account limits in mid-2012 in relation to introduction of negative interest rates. In the most recent years, the trading activity has been concentrated on relatively few participants, mainly the Systemically Important Financial Institutions (SIFIs). The analysis is based on data on moneymarket transactions among Danmarks Nationalbank's monetary-policy counterparties estimated from payment flows from Danmarks Nationalbank's payment system, Kronos, for the period 2003- 2015.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Danmarks Nationalbank Working Papers ; No. 99

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Financial Institutions and Services: Government Policy and Regulation ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; Central Banks and Their Policies
• Thema: Interbank market structures ; Day-to-day interest rates ; Payment system data ; Monetary-policy implementation ; Interconnectedness

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Abildgren, Kim ; Albrechtsen, Nicolaj ; Kristoffersen, Mark Strøm ; Nielsen, Søren Truels ; Tommerup, Rasmus
• Ereignis: Veröffentlichung
• (wer): Danmarks Nationalbank
• (wo): Copenhagen
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/147428
• Letzte Aktualisierung: 03.03.2025, 00:50 MEZ