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Monetary and financial perspectives on retail CBDC in the Thai context
Thitima Chucherd; Chanokkarn Mek-yong; Nalin Nookhwun; … - 2021
Persistent link: https://www.econbiz.de/10012605800
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CBDC policies in open economies
Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023
Persistent link: https://www.econbiz.de/10014320218
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Monetary policy and Bitcoin
Karau, Sören - 2021
Bitcoin was conceptualized in response to perceived shortcomings in the monetary and financialsystem, not only related to large financial institutions but also to discretionary decision makingin monetary policy. Using high-frequency data and a weekly proxy VAR model, I study theimpact of...
Persistent link: https://www.econbiz.de/10012671254
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Banking crises under a Central Bank Digital Currency (CBDC)
Bitter, Lea - 2023
One of the main concerns associated with central bank digital currencies (CBDC) is the disintermediating effect on the … an interest-bearing CBDC on banking crises in a dynamic bank run model with a financial accelerator. The analysis … distinguishes between bank failures due to illiquidity and due to insolvency. In a numerical exercise, CBDC leads to a reduction in …
Persistent link: https://www.econbiz.de/10014495919
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On the volatility of cryptocurrencies
Stengos, Thanasēs; Panagiōtidēs, Theodōros; … - 2022
Persistent link: https://www.econbiz.de/10012938838
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A principal component-guided sparse regression approach for the determination of bitcoin returns
Stengos, Thanasēs; Panagiōtidēs, Theodōros; … - 2020
Persistent link: https://www.econbiz.de/10012152311
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Digital currencies impact on financial stability and financial cycle h2 2021
Ahmetaj, Natasha; Hoda, Bledar; Nikolla, Livia; Goxhaj, … - 2022
Persistent link: https://www.econbiz.de/10014556750
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A Bayesian approach for the determinants of bitcoin returns
Stengos, Thanasēs; Panagiōtidēs, Theodōros; … - 2023
Persistent link: https://www.econbiz.de/10014333355
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Cashless payments and tax evasion : evidence from VAT gaps in the EU
Bohne, Albrecht; Koumpias, Antonios M.; Tassi, Annalisa - 2023
This paper explores the connection between the proliferation of cashless, or e-money, payments and value-added tax (VAT) compliance. We present both visual and descriptive evidence that illustrates a negative correlation between e-money use and VAT evasion, proxied by the VAT compliance gap for...
Persistent link: https://www.econbiz.de/10014472026
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The financial market effects of the ECB's asset purchase programs
Lewis, Vivien; Roth, Markus - 2017
The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side effects on financial stability. This paper aims at gauging the effects on financial markets, the banking sector, and lending to non-financial firms. Using a structural vector...
Persistent link: https://www.econbiz.de/10011712553