Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the …

the rest must resort to standard bank finance. We consider a number of policies to promote entrepreneurship and venture …

the ability of the central bank to alleviate the fiscal burden by inuencing different terms in the government resource … seignorage is generated and subject to what constraints, (iii) whether central bank liabilities should count as public debt, (iv …) how central bank assets create income risk, and whether or not this threatens its solvency, and (v) how the central bank …

We analyze policy in a two-tiered monetary system. Noncompetitive banks issue deposits while the central bank issues … reserves and a retail CBDC. Monies differ with respect to operating costs and liquidity. We map the framework into a baseline …

stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global …