step towards fair burden sharing. Bank recapitalisation, if necessary, should be done by raising the level of capital so as … accounts for systemic risks in Hungary. Finally, an effective independence of the central bank has to be guaranteed. This …

protection and bank secrecy issues. The valuation of Bitcoins and price volatility issues are discussed, as well as electronic …

reviews the extent to which non-bank intermediation contributed to the rise of sovereign and corporate debt levels and … vulnerabilities, including leverage loans and collateralised loan obligations (CLOs), fixed-income investment funds, and bank …-based tools in non-bank credit intermediation to address vulnerabilities without undermining the benefits of market-based finance. …

important headwinds. Third, the bank lending channel of monetary policy transmission appears to have been impaired, mainly due …

rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre …, would contribute to a balanced US recovery and have a benign impact on the rest of the world. However, a rapid rise in bond …