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Persistent link: https://www.econbiz.de/10012605800
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...
Persistent link: https://www.econbiz.de/10014495919
-level data on the international activities of all German banks with publicly available bank micro data from possible destination …
Persistent link: https://www.econbiz.de/10010248946
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flows. The model is consistent with major stylized facts on cross-border banking. The data strongly support its cross …
Persistent link: https://www.econbiz.de/10009740267
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...
Persistent link: https://www.econbiz.de/10011902705
concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after …
Persistent link: https://www.econbiz.de/10013428286
Persistent link: https://www.econbiz.de/10015063771
We explore whether modelling parameter time variation improves the point, interval and density forecasts of nine major exchange rates vis-a-vis the US dollar over the period 1976-2015. We find that modelling parameter time variation is needed for an accurate calibration of forecast confidence...
Persistent link: https://www.econbiz.de/10011489395
This paper considers factor estimation from heterogenous data, where some of the variables are noisy and only weakly … various degrees of sparsity in the data, and how irrelevant variables can be identified. Empirical applications to a large … multi-country GDP dataset and disaggregated CPI inflation data for the US reveal that sparsity matters a lot, as the …
Persistent link: https://www.econbiz.de/10009674269