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Inflation Expectations and Stability in an Overlapping Generations Experiment with Money Creation

Heemeijer, Peter - 2011

We investigate how non-specialists form inflation expectations by running an experiment using a basic Overlapping Generations (OLG) model. The participants of the experiment are students of the University of Amsterdam, who predict inflation during 50 successive periods and are rewarded based on...

Persistent link: https://www.econbiz.de/10013119328

Safe Asset Scarcity and Re-use in the European Repo Market

Inhoffen, Justus; van Lelyveld, Iman - 2023

We construct the first measure of collateral re-use at the bank and bond level for the European repo market using a regulatory transaction dataset. We show that banks materially increase the rate of re-use in response to tightened asset scarcity induced by the Eurosystem’s asset purchase...

Persistent link: https://www.econbiz.de/10014352924

Contingent Convertible Bonds : Who Invests in European Cocos?

Adriaan Boermans, Martijn - 2017

Using a comprehensive dataset on issuances and holdings of contingent convertible debt instruments (CoCos) issued by European banks we investigate who invests in European CoCos. The results indicate that most European CoCos are not directly held by euro area investors. Foreign investors outside...

Persistent link: https://www.econbiz.de/10012955239

The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial, Stability : Any Lessons for the Current Big Tech Era?

Jonker, Nicole - 2020

The entry of Big Tech firms in the financial ecosystem might affect financial stability through the opportunities and challenges they create for financial inclusion. In this paper we survey the literature to determine the effectiveness of financial education in improving financial literacy and...

Persistent link: https://www.econbiz.de/10012825332

Mortgage Debt and Shadow Banks

Pool, Sebastiaan - 2018

Since the 1980s, the global banking sector has been characterized by three trends: i) a secular decline in interest rates, ii) a reallocation of bank investments from corporate loans towards mortgages and iii) the rise of shadow banking relative to regulated banking. This paper builds a general...

Persistent link: https://www.econbiz.de/10012925240

Not All Data are Created Equal - Data Sharing and Privacy

Bijlsma, Michiel; van der Cruijsen, Carin; Jonker, Nicole - 2021

The COVID-19 pandemic has increased our online presence and unleashed a new discussion on sharing sensitive personal data. Upcoming European legislation will facilitate data sharing in several areas, following the lead of the revised payments directive (PSD2), which enables payments data sharing...

Persistent link: https://www.econbiz.de/10013314294

Green bond home bias and the role of supply and sustainability preferences

Levels, Anouk; Lambert, Claudia; Wedow, Michael - 2023

Using nascent euro area green bond markets as an experimental set-up, we are able to show that home bias is a universal phenomenon. Exploiting dynamics around the scarcity of an asset class, we show that investors tend to turn to their domestic market as soon as their home market becomes...

Persistent link: https://www.econbiz.de/10014254316

Getting the Balance Right : Crypto, Stablecoin and CBDC

Bolt, Wilko; Lubbersen, Vera; Wierts, Peter - 2022

The rise of new forms of private money is reviving a long-standing debate on the appropriate balance between private and public interests in money and payments. The main aim of this paper is to explore an integrated policy analysis of various digital assets that may function as money: bank...

Persistent link: https://www.econbiz.de/10013307720

The Unbearable Lightness of Equilibria in a Low Interest Rate Environment

Ascari, Guido; Mavroeidis, Sophocles - 2022

Structural models with no solution are incoherent, and those with multiple solutions are incomplete. We show that models with occasionally binding constraints are not generically coherent. Coherency requires restrictions on the parameters or on the support of the distribution of the shocks. In...

Persistent link: https://www.econbiz.de/10013309462

Life Cycle Assessment of Cash Payments

Hanegraaf, Randall - 2018

Purpose: This study quantifies the impact of the Dutch cash payment system on the environment and on climate change … within the cash payment system where the impact on the environment and on the climate can be reduced. Methods: The ReCiPe … endpoint (H) impact method was used for this LCA. The cash payment system has been divided into five subsystems: the production …

Persistent link: https://www.econbiz.de/10012909344

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