Arbeitspapier
The short-term Danish interbank market before, during and after the financial crisis
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.
- Language
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Englisch
- Bibliographic citation
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Series: Danmarks Nationalbank Working Papers ; No. 99
- Classification
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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
- Subject
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Interbank market structures
Day-to-day interest rates
Payment system data
Monetary-policy implementation
Interconnectedness
- Event
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Geistige Schöpfung
- (who)
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Abildgren, Kim
Albrechtsen, Nicolaj
Kristoffersen, Mark Strøm
Nielsen, Søren Truels
Tommerup, Rasmus
- Event
-
Veröffentlichung
- (who)
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Danmarks Nationalbank
- (where)
-
Copenhagen
- (when)
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2015
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Abildgren, Kim
- Albrechtsen, Nicolaj
- Kristoffersen, Mark Strøm
- Nielsen, Søren Truels
- Tommerup, Rasmus
- Danmarks Nationalbank
Time of origin
- 2015
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Monetary policy and cross-border interbank market fragmentation: Lessons from the crisis
Monetary policy and cross-border interbank market fragmentation: Lessons from the crisis
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The topology of Danish interbank money flows
Systemic risk in the Danish interbank netting system
Short-term oil models before and during the financial market crisis
Short-term oil models before and during the financial market crisis
Target2 and Cross-border Interbank Payments during the Financial Crisis
Interbank intermediation
Liquidity of Danish government and covered bonds: Before, during and after the financial crisis. Preliminary findings
The efficiency of Danish banks before and during the crisis: A comparison of DEA and SFA
Financial stability after the crisis : essays on interbank networks and prudential regulation
Monetary policy and cross-border interbank market fragmentation: Lessons from the crisis