The Incomplete Currency. Marcello Minenna

target="_blank" rel="nofollow" href="#litres_trial_promo">Figure 4.31 The impact of the ECB liquidity support on the balance sheets of Italian banks (2007–2014)

      Figure 4.32 The impact of the ECB liquidity support on the RESI index (1999–2014)

      Figure 4.33 Evolution of the Greek public debt with evidence of the component held by foreign investors (2003–2008)

      Figure 4.34 Percentage breakdown of the evolution of the Greek public debt with evidence of the component held by foreign investors (2003–2008)

      Figure 4.35 Government bonds held by the Greek banking system (breakdown by area of origin 2001–2008)

      Figure 4.36 Evolution of the yield on the 10-year Greek government bonds (2010–2011)

      Figure 4.37 Evolution of the Greek public debt with evidence of the component held by foreign investors (2003–2011)

      Figure 4.38 Percentage breakdown of the evolution of the Greek public debt with evidence of the component held by foreign investors (2003–2011)

      Figure 4.39 Government bonds held by the Greek banking system (breakdown by area of origin 2001–2011)

      Figure 4.40 Exposure of the worldwide main banking systems to Greece risk (breakdown by country 2010–2011)

      Figure 4.41 Exposure of the worldwide main banking systems to Greece risk (breakdown by asset class 2010–2011)

      Figure 4.42 Direct exposure of the main Eurozone governments and deleveraging of their corresponding banking systems (2010–2011)

      Figure 4.43 Exposure of the International Monetary Fund and deleveraging of the US and UK national banking systems

      Figure 4.44 Breakdown of the Greek public debt by asset class (December 2011)

      Figure 4.45 Evolution of the yields on the 10-year Greek government bonds (2010–2012)

      Figure 4.46 Government bonds held by the Greek banking system: breakdown by area of origin (2001–2014)

      Figure 4.47 Deferred tax assets in the balance sheets of the main Greek banks (2011–2014)

      Figure 4.48 Evolution of the Greek public debt with evidence of the component held by foreign investors (€ billion) (2003–2014)

      Figure 4.49 Evolution of the Greek public debt with evidence of the component held by foreign investors: percentage breakdown (2003–2014)

      Figure 4.50 Evolution of the yields on the 10-year Greek government bonds (2010 to 2014)

      Figure 4.51 Exposure of the main worldwide banking systems to the Greece risk: breakdown by country (2010–2014)

      Figure 4.52 Exposure of the main worldwide banking systems to the Greece risk: breakdown by asset class (2010–2014)

      Figure 4.53 Exposure of the French banking system to the Greek risk: breakdown by asset class (2010–2014)

      Figure 4.54 Exposure of the German banking system to Greek risk: breakdown by asset class (2010–2014)

      Figure 4.55 Greek public debt: breakdown by asset class (January 2015)

      Figure 4.56 Total exposure of Eurozone governments to the Greece risk (December 2014)

      Figure 4.57 ELA ceiling to Greek banks (February–August 2015)

      Figure 5.1 The relationship between banks, sovereigns and investors in the intermediation of the public debt

      Figure 5.2 Placement of a bank bond with intermediation of the market risk

      Figure 5.3 Probabilistic analysis of a bank bond with intermediation of the market risk

      Figure 5.4 Placement of a bank bond with intermediation of the credit risk

      Figure 5.5 Probabilistic analysis of a bank bond with intermediation of the credit risk (Part 1)

      Figure 5.6 Probabilistic analysis of a bank bond with intermediation of the credit risk (Part 2)

      Figure 5.7 Probabilistic analysis of a bank bond with intermediation of the credit risk (Part 3)

      Figure 5.8 Probabilistic analysis of a fixed-rate government bond compared to an inflation-linked government bond

      Figure 5.9 Banks' placement of inflation-linked government bonds and intermediation of the yield's spread with fixed-rate government bonds

      Figure 5.10 Direct effects of the collateral discrimination in a repo operation

      Figure 5.11 Direct effects of collateral discrimination in reverse repo operations

      Figure 5.12 Use of financial assets as collateral on the Repo market: breakdown by issuer's nationality (% on total)

      Figure 5.13 Table of collateral discrimination based on assessments of the European Central Bank (2012–2014 data)

      Figure 5.14 Overview of the collateral discrimination phenomenon

      Figure 5.15 Spread Intermediation via collateral discrimination in a repo contract (Case C)

      Figure 5.16 Spread intermediation via collateral discrimination in a repo contract (Case D)

      Figure 5.17 Spread intermediation via collateral discrimination in a repo contract (case E)

      Figure 5.18 Stock of bonds held by the peripheral banks with evidence of the amount of government bonds–May 2012

      Figure 5.19 Loans granted by the ECB to the banking system: Breakdown by country (May 2012)

      Figure 5.20 Loans granted by the ECB to the banking system: Breakdown by country (January 2012–December 2014)

      Figure

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