analysis to formally describe bank relationships in the global banking network between 1980 and 2009 and analyze the effects of … recessions and banking crises on these relationships. We construct a novel data set that builds a bank-level global network from … model to describe potential effects of banking crises and recessions on bank relationships. Empirically, we find that the …

unusually opaque. Yet the empirical evidence, thus far, is mixed. This paper examines the trading characteristics of bank shares … over the period from January 1990 through September 2009. We find that bank share trading exhibits sharply different … category(s) stand out as particularly important in determining bank opacity. …

This paper presents a model comparing the optimal degree of asset class diversification abroad by a central bank and a … sovereign wealth fund. We show that if the central bank manages its foreign asset holdings in order to meet balance of payments …. We also show how the diversification differences between the strategies of the bank and SWF is affected by the government …

This paper takes the parameters in central bank loss functions as fundamental preferences to be estimated from the data … with senior central bank appointments. Optimizing central banks apply policy rules whose feedback coefficients are …

We use a version of the Fuhrer-Moore model to study the effects of expectations and central bank credibility on the … model that vary according to the way that expectations are formed (rations versus adaptive) and the degree of central bank … central bank may face diminishing returns in its efforts to enhance credibility. …

credibility of the central bank can be considered in assessing the cost of deliberate and opportunistic disinflation. …

An “expansionary” monetary policy that increases the growth rate of bank reserves is generally believed by policy … models by introducing a commercial bank that acquires deposits from households and channels those funds to firms, which use … them to fund their working capital expenses. Bank deposits are the only interest-bearing financial asset available to …