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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 … 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 …

Persistent link: https://www.econbiz.de/10014495919

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

How stressed are banks in the interbank market?

Abbassi, Puriya; Fecht, Falko; Weber, Patrick - 2013

We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …

Persistent link: https://www.econbiz.de/10010192732

Does financial literacy improve financial inclusion? : cross country evidence

Grohmann, Antonia; Klühs, Theres; Menkhoff, Lukas - 2018

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

Regulating big tech and non-bank financial services in the digital era

Thammarak Moenjak; Veerathai Santiprabhob - 2021

Persistent link: https://www.econbiz.de/10012605820

Search and equilibrium prices : theory and evidence from retail diesel

Cabral, Luís M. B.; Schober, Dominik; Woll, Oliver - 2019 - This version: March 27, 2019

We examine the relation between consumer search and equilibrium prices when collusion is endogenously determined. We develop a theoretical model and show that average price is a U-shaped function of the measure of searchers: prices are highest when there are no searchers (local monopoly power)...

Persistent link: https://www.econbiz.de/10012007152

Monetary policy and Bitcoin

Karau, Sören - 2021

differences with respect to cen-tral bank information shocks and explore potential explanations by studying various aspects ofthe …

Persistent link: https://www.econbiz.de/10012671254

Effects of mergers on network models of the financial system

Nevermann, Daniel; Heckmann, Lotta - 2023

Despite the ongoing consolidation trend in the banking industry and the attention some mergers (in particular between large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial system. In this paper, we aim to provide a universal...

Persistent link: https://www.econbiz.de/10014435357

Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries

Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015

bank and responsible fiscal policy and more pronounced in times of high fiscal budget deficits and accommodative monetary …

Persistent link: https://www.econbiz.de/10011391752

On the low-frequency relationship between public deficits and inflation

Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2013

We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its potential time variation by estimating a time-varying VAR model for U.S. data from 1900 to 2011. We find the strongest relationship neither in times of crisis nor in times of high...

Persistent link: https://www.econbiz.de/10009732985

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