Alexander Bechtel

Alexander Bechtel

Title

Dr.

Last Name

Bechtel

First name

Alexander

Email

alexander.bechtel@unisg.ch

Now showing 1 - 10 of 13

Liquidity Risk and Funding Cost

( 2022-03-25)
Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

We propose and test a new channel that links funding liquidity risk and interest rates in short-term funding markets. Unlike existing theories that focus on premiums demanded by lenders, the funding liquidity risk channel postulates that borrowers exposed to liquidity shocks are willing to pay a markup for immediate funding. We test and quantify the channel using unique trade-by-trade data and uncover systematic differences across individual banks' funding cost driven by idiosyncratic liquidity risk. These differences are persistent over a decade, suggesting that the funding liquidity risk channel is relevant in general and not only arises during crisis times.

Type: journal article

Journal: Review of Finance

Volume: 27

Issue: 2

URL: https://academic.oup.com/rof/advance-article/doi/10.1093/rof/rfac020/6554206

DOI: 10.1093/rof/rfac020

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/108855

Scopus© Citations 2
Liquidity Risk and Funding Cost

Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference paper

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/116648
Liquidity Risk and Funding Cost

Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference paper

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/116674
Quantitative Easing and the Safe Asset Illusion

Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference paper

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/116647
Liquidity Risk and Funding Cost

( 2019-08)
Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference paper

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/98369
Quantitative Easing and the Safe Asset Illusion

( 2019-04-02)
Bechtel, Alexander
;
Eisenschmidt, Jens
;
Ranaldo, Angelo

Type: conference contribution

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/98750
Liquidity Risk and Funding Cost

( 2019-03-29)
Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference contribution

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/98799
Liquidity Risk and Funding Cost

( 2018-06-20)
Bechtel, Alexander
;
Ranaldo, Angelo
;
Wrampelmeyer, Jan

Type: conference contribution

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/100314
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
Essays on Monetary Policy, Safe Assets, and the Repo Market

(Universität St. Gallen, 2021-09-20)
Bechtel, Alexander

This dissertation analyzes topics related to unconventional monetary policy, safe assets, short-term funding, and the market for repurchase agreements.

Type: doctoral thesis

URL: https://nbn-resolving.org/urn:nbn:ch:bel-2263817

URI: https://www.alexandria.unisg.ch/handle/20.500.14171/109898

Alexander Bechtel

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