Measuring the quality of eligible collateral
- Publisher: s.l.: Research On Money in the Economy (ROME)
E42 | B59 | C43 | Monetary economics | monetary theory | inflation | collateral | central banks | property | property economics | central bank independence | index construction
Recently, the U. S. subprime crisis has shown that a weak collateralization of credits may have massive economic implications, entailing severe perturbations of the international financial system. We focus on central bank lending and try to pin down the quantitative imp...