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Enough liquidity with enough capital - and vice versa?

Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2023

We study the interplay of capital and liquidity regulation in a general equilibrium setting by focusing on future … default coexist, and bank default is a self-fulfilling prophecy. Capital and liquidity regulation can prevent bank default and … liquidity regulation. Adding liquidity regulation to optimal capital regulation is redundant. …

Persistent link: https://www.econbiz.de/10014366762

Money creation and destruction

Faure, Salomon; Gersbach, Hans - 2016 - This version: October 2016

We study money creation and destruction in today's monetary architecture and examine the impact of monetary policy and capital regulation in a general equilibrium setting. There are two types of money created and destructed: bank deposits, when banks grant loans to firms or to other banks and...

Persistent link: https://www.econbiz.de/10011557571

Loanable funds vs money creation in banking : a benchmark result

Faure, Salomon A.; Gersbach, Hans - 2017 - This version: November 2017

We establish a benchmark result for the relationship between the loanablefunds and the money-creation approach to banking. In particular, we show that both processes yield the same allocations when there is no uncertainty and thus no bank default. In such cases, using the much simpler...

Persistent link: https://www.econbiz.de/10011760873

Three great American disinflations

Bordo, Michael D.; Erceg, Christopher J.; Levin, Andrew T. - 2006

Persistent link: https://www.econbiz.de/10003448346

Imperfect knowledge, inflation expectations, and monetary policy

Orphanides, Athanasios (contributor); … - 2003

Persistent link: https://www.econbiz.de/10003349544

The decline of activist stabilization policy : natural rate misperceptions, learning, and expectations

Orphanides, Athanasios (contributor); … - 2004

Persistent link: https://www.econbiz.de/10003350055

The performance of forecast-based monetary policy rules under model uncertainty

Levin, Andrew (contributor); Wieland, Volker (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001778564

The Price of Stability. The Balance Sheet Policy of the Banque De France and the Gold Standard (1880-1914)

Bazot, Guillaume - 2014

Under the classical gold standard (1880-1914), the Bank of France maintained a stable discount rate while the Bank of England changed its rate very frequently. Why did the policies of these central banks, the two pillars of the gold standard, differ so much? How did the Bank of France manage to...

Persistent link: https://www.econbiz.de/10013045945

Perceived FOMC : The Making of Hawks, Doves and Swingers

Bordo, Michael D. - 2018

Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are...

Persistent link: https://www.econbiz.de/10012916991