Angelo Ranaldo

Title

Prof. Dr.

Last Name

Ranaldo

First name

Angelo

Email

angelo.ranaldo@unisg.ch

Phone

+41 71 224 7010

Homepage

https://www.unisg.ch/en/universitaet/schools/finance/ueber-die-sof/lehrstuhl_ranaldo

RePec

http://ideas.repec.org/e/pra161.html

SSRN

http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=253421

Now showing 1 - 2 of 2

Liquidity Risk and Funding Cost

Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference speech

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/116486
Regulatory Effects on Short-Term Interest Rates

( 2019-11-08)
Schaffner, Patrick
;
Ranaldo, Angelo
;
Vasios, Michalis

We analyse the effects of EMIR and Basel III regulations on short-term interest rates. EMIR requires central clearing houses (CCP) to continually acquire safe assets, thus expanding the lending supply of repurchase agreements (repo). Basel III, in contrast, disincentivises the borrowing demand by tightening banks' balance sheet constraints. Using unique datasets of repo transactions and CCP activity, we find compelling evidence for both supply and demand channels. The overall effects are decreasing short-term rates and increasing market imbalances in various forms, all of which entail unintended consequences originated from the new regulatory framework.

Type: conference speech

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/98041