Details about Marie Hoerova

Access statistics for papers by Marie Hoerova.

Last updated 2023-09-11. Update your information in the RePEc Author Service.

Short-id: pho239

Working Papers

2023

1. Do non-banks need access to the lender of last resort? Evidence from fund runs
   Working Paper Series, European Central Bank
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
2. Risk, Monetary Policy and Asset Prices in a Global World
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

3. Money markets, collateral and monetary policy
   BIS Working Papers, Bank for International Settlements
   Also in Working Paper Series, European Central Bank (2019) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (17)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (19)
4. Variation margins, fire-sales and information-constrained optimality
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in Post-Print, HAL (2021) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (1)
   Working Paper Series, European Central Bank (2018) View citations (1)
   See also Journal Article in Review of Economic Studies (2021)

2020

5. Money markets, central bank balance sheet and regulation
   Working Paper Series, European Central Bank View citations (8)

2018

6. Benefits and costs of liquidity regulation
   Working Paper Series, European Central Bank View citations (21)

2017

7. On collateral: implications for financial stability and monetary policy
   Working Paper Series, European Central Bank View citations (11)
8. Optimal margins and equilibrium prices
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)
   Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2017) View citations (1)
9. The Macroeconomic Impact of Money Market Freezes
   2017 Meeting Papers, Society for Economic Dynamics View citations (4)

2016

10. Lending-of-last-resort is as lending-of-last-resort does: central bank liquidity provision and interbank market functioning in the euro area
    Working Paper Series, European Central Bank View citations (82)
    See also Journal Article in Journal of Financial Intermediation (2016)
11. Risk-sharing or risk-taking? Counterparty-risk, incentives and margins
    Post-Print, HAL View citations (52)
    Also in Working Paper Series, European Central Bank (2012) View citations (13)
    See also Journal Article in Journal of Finance (2016)

2015

12. Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2014

13. Commonality in hedge fund returns: driving factors and implications
    Working Paper Series, European Central Bank View citations (3)
    Also in Working papers, Banque de France (2012) View citations (4)
    See also Journal Article in Journal of Banking & Finance (2015)
14. Risk-sharing or risk-taking? An incentive theory of counterparty risk, clearing and margins
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (3)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2014) View citations (3)
15. The VIX, the variance premium and stock market volatility
    Working Paper Series, European Central Bank View citations (337)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (16)
    See also Journal Article in Journal of Econometrics (2014)

2013

16. Risk, uncertainty and monetary policy
    Working Paper Series, European Central Bank View citations (651)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (83)
    Working Paper Research, National Bank of Belgium (2012) View citations (23)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (76)
    See also Journal Article in Journal of Monetary Economics (2013)

2012

17. Clearing, counterparty risk and aggregate risk
    Working Paper Series, European Central Bank View citations (57)
    Also in Post-Print, HAL (2012) View citations (54)
    See also Journal Article in IMF Economic Review (2012)

2010

18. Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (178)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2009) View citations (138)
    Working Paper Series, European Central Bank (2009) View citations (194)
    Discussion Paper, Tilburg University, Center for Economic Research (2009) View citations (193)

2009

19. Interbank lending, credit risk premia and collateral
    Working Paper Series, European Central Bank View citations (34)
    See also Journal Article in International Journal of Central Banking (2009)
20. Money talks
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
    Also in Working Paper Series, European Central Bank (2009) View citations (8)
    See also Journal Article in Economics Letters (2012)
21. What do asset prices have to say about risk appetite and uncertainty?
    Working Paper Series, European Central Bank View citations (11)
    See also Journal Article in Journal of Banking & Finance (2016)

2008

22. Public Information and Monetary Policy
    2008 Meeting Papers, Society for Economic Dynamics View citations (3)

2007

23. Run-prone banking and asset markets
    Working Paper Series, European Central Bank

2005

24. Financial Deepening and Bank Runs
    Working Papers, Cornell University, Center for Analytic Economics

Journal Articles

2023

1. Navigating liquidity crises in non-banks: An assessment of central bank policies
   Research Bulletin, 2023, 108

2021

2. Euro area money markets over the past 15 years: changes, driving factors and implications for monetary policy
   Research Bulletin, 2021, 82
3. Variation Margins, Fire Sales, and Information-constrained Optimality
   (Leverage, Moral Hazard, and Liquidity)
   Review of Economic Studies, 2021, 88, (6), 2654-2686 View citations (1)
   See also Working Paper (2022)

2019

4. What is the macroeconomic impact of changing money market conditions?
   Research Bulletin, 2019, 57

2016

5. Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area
   Journal of Financial Intermediation, 2016, 28, (C), 32-47 View citations (80)
   See also Working Paper (2016)
6. Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins
   Journal of Finance, 2016, 71, (4), 1669-1698 View citations (52)
   See also Working Paper (2016)
7. What do asset prices have to say about risk appetite and uncertainty?
   Journal of Banking & Finance, 2016, 67, (C), 103-118 View citations (41)
   See also Working Paper (2009)

2015

8. Commonality in hedge fund returns: Driving factors and implications
   Journal of Banking & Finance, 2015, 54, (C), 266-280 View citations (8)
   See also Working Paper (2014)
9. Liquidity hoarding and interbank market rates: The role of counterparty risk
   Journal of Financial Economics, 2015, 118, (2), 336-354 View citations (148)

2014

10. The VIX, the variance premium and stock market volatility
    Journal of Econometrics, 2014, 183, (2), 181-192 View citations (331)
    See also Working Paper (2014)

2013

11. Incentive compatible centralised clearing
    Financial Stability Review, 2013, (17), 161-168 View citations (2)
12. Risk, uncertainty and monetary policy
    Journal of Monetary Economics, 2013, 60, (7), 771-788 View citations (611)
    Also in Research Bulletin, 2010, 10, 11-13 (2010) View citations (80)
    See also Working Paper (2013)

2012

13. Clearing, Counterparty Risk, and Aggregate Risk
    IMF Economic Review, 2012, 60, (2), 193-222 View citations (59)
    See also Working Paper (2012)
14. Money talks
    Economics Letters, 2012, 116, (3), 617-621 View citations (7)
    See also Working Paper (2009)

2009

15. Interbank Lending, Credit-Risk Premia, and Collateral
    International Journal of Central Banking, 2009, 5, (4), 5-43 View citations (33)
    See also Working Paper (2009)

Chapters

2017

1. Liquidity and Capital: Substitutes or Complements?
   Chapter 14 in Achieving Financial Stability Challenges to Prudential Regulation, 2017, pp 195-205