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Intro -- Contents -- I. INTRODUCTION -- II. POSSIBLE DETERMINANTS OF CENTRAL BANK BOARD SIZE -- III. EMPIRICAL ANALYSIS …
Persistent link: https://www.econbiz.de/10012691188
policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy … implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is … quantitative evaluation of the relationship between measures of central bank financial strength and policy pe …
Persistent link: https://www.econbiz.de/10012677632
suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements … of liquidity provision; and (iv) central bank cooperation to facilitate the use of cross-border collateral. Flexible use …
Persistent link: https://www.econbiz.de/10014409061
Using the 2010, 2015, and 2020/2021 datasets of the IMF's Central Bank Legislation Database (CBLD), we explore … artificial intelligence (AI) and machine learning (ML) approaches to analyzing patterns in central bank legislation. Our findings … themes emerge across central bank legislation (most notably, on central bank governance, central bank policy and operations …
Persistent link: https://www.econbiz.de/10015058919
We develop a stylized balance sheet framework to help identify 'quasi-fiscal' components of central bank crisis … bank balance sheet data with survey evidence from intervention announcements, we document the risks to the public sector … management of fiscal risks from central bank crisis interventions varies greatly across countries, although several good …
Persistent link: https://www.econbiz.de/10015059397
The expansion of bilateral swap arrangements (BSAs) since the Global Financial Crisis has led to a substantial reconfiguration of the Global Financial Safety Net (GFSN). This paper examines the drivers of BSA supply using a novel dataset on all publicly documented BSAs. It finds that countries...
Persistent link: https://www.econbiz.de/10015058481
We study alternative approaches to the withdrawal of prolonged unconventional monetary stimulus ("exit strategies") by central banks in large, advanced economies. We first show empirically that large-scale asset purchases affect the exchange rate and domestic and foreign term premiums more...
Persistent link: https://www.econbiz.de/10015058544
countries, central bank holdings of dollar reserves are significantly correlated with the dollar-denominated bank borrowing of … model in which the central bank can deal with private-sector mismatch, and the associated risk of a domestic financial … crisis, in two ways: (i) by imposing ex ante financial regulations such as bank capital requirements; or (ii) by building a …
Persistent link: https://www.econbiz.de/10015059785
Central bank digital currencies (CBDCs) promise many benefits but, if not well designed, they could have undesired …, bank deposit disintermediation, volatility of bank reserves, currency substitution, and capital flows. Countries most …
Persistent link: https://www.econbiz.de/10015059584
information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking … industry which we use to identify and constructtheory-based measures of systemic bank shocks (SBS). Using both country …
Persistent link: https://www.econbiz.de/10012677802