indeed been succesful in stimulating the credit flow of banks to the private sector. Second, we find support for the “bank … effect). The role of bank capital is, however, ambiguous. Besides the above favorable direct effect on loan supply, lower … levels of bank capitalization at the same time mitigate the size, retail and liquidity effects of the policies. The drag on …

Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance … policy stances on issuance, relying on central bank speeches and technical reports. Most projects are found in digitised … which the CBDC is a direct cash-like claim on the central bank, but where the private sector handles all customer …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

Central bank digital currencies (CBDCs) are receiving more attention than ever before. Yet the motivations for issuance … policy stances on issuance, relying on central bank speeches and technical reports. Most projects are found in digitised … which the CBDC is a direct cash-like claim on the central bank, but where the private sector handles all customer …