monetary disturbances as shocks to central bank gold demand. Based on a monetary DSGE model, the world gold reserve ratio (the … macroeconometric literature, the paper i) uses a newly-assembled monthly data set of the interwar world economy, and ii) models … ratio of central bank gold holdings to monetary liabilities) is used to describe monetary conditions. This permits the use …

instruments to study international spillovers of prudential policy changes for bank lending growth. The collective analysis has … three main findings. First, prudential instrument effects sometimes spill over across borders through bank lending. Second …, international spillovers vary across prudential instruments and are heterogeneous across banks. Bank-specific factors like balance …

hold reserves at the central bank. We find that, in the face of lower deposit rates, banks with a more interest …

One of the main concerns associated with central bank digital currencies (CBDC) is the disintermediating effect on the … banking sector in general, and the risk of bank runs in times of crisis in particular. This paper examines the implications of … an interest-bearing CBDC on banking crises in a dynamic bank run model with a financial accelerator. The analysis …

The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side …

are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …-level data on the international activities of all German banks with publicly available bank micro data from possible destination …