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Banking Sector Integration and Competition in CEMAC
Vacher, Jérôme; Saab, Samer Y. - International Monetary Fund (IMF) - 2007
This paper considers the extent of retail banking integration in the Communauté Economique et Monétaire d'Afrique Centrale (CEMAC) and the level of bank competition at the regional level. Using a mix of quantitative and qualitative indicators, the paper finds some evidence of price convergence...
Persistent link: https://www.econbiz.de/10005599544
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Renminbi Usage in Cross-Border Payments: Regional Patterns and the Role of Swaps Lines and Offshore Clearing Banks
Perez-Saiz, Hector - 2023
** for 2010-21, we find significant regional variations in the use of RMB for cross-border payments. While RMB is little used …
Persistent link: https://www.econbiz.de/10015059540
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Are More Competitive Banking Systems More Stable?
Cihák, Martin; Wolfe, Simon; Schaeck, Klaus - International Monetary Fund (IMF) - 2006
This paper provides the first empirical analysis of the cross-country relationship between a direct measure of competitive conduct of financial institutions and banking system fragility. Using the Panzar and Rosse H-Statistic as a measure for competition in 38 countries during 1980-2003, we...
Persistent link: https://www.econbiz.de/10005825680
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Bank Competition, Risk and Asset Allocations
Boyd, John H.; Nicoló, Gianni De; Jalal, Abu M. - International Monetary Fund (IMF) - 2009
We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts that as competition increases, both loans and assets increase; however, the effect on the loans-to-assets ratio is ambiguous. Similarly, as competition...
Persistent link: https://www.econbiz.de/10008528611
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Bank Risk-Taking and Competition Revisited; New Theory and New Evidence
Nicoló, Gianni De; Jalal, Abu M.; Boyd, John H. - International Monetary Fund (IMF) - 2006
This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between banks' risk of failure and concentration, indicating a trade-off between competition and stability. The second model (BDN) predicts a...
Persistent link: https://www.econbiz.de/10005605287
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Bank Competition and Household Privacy in a Digital Payment Monopoly
Agur, Itai - 2023
Lenders can exploit households' payment data to infer their creditworthiness. When households value privacy, they then face a tradeoff between protecting such privacy and credit conditions. We study how the introduction of an informationally more intrusive digital payment vehicle affects...
Persistent link: https://www.econbiz.de/10015059373
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Fintech Payments in Public Financial Management: Benefits and Risks
Uña, Gerardo - 2023
Fintech payments leverage large digital platforms to fill gaps in the traditional payment system. They have made great … challenges they face. We then explore how public financial management (PFM), especially treasury payments and non-tax revenue … collections, could benefit from fintech payments by providing examples of early fintech applications in different countries and …
Persistent link: https://www.econbiz.de/10015059723
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Monetary Policy and Credit Card Spending
Grigoli, Francesco - 2022
We analyze the impact of monetary policy on consumer spending using credit card data. Because of their high frequency, these data improve identification and allow for a precise characterization of the transmission lags. We find that shocks to short-term interest rates affect spending much more...
Persistent link: https://www.econbiz.de/10015059900
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Instant Payments: Regulatory Innovation and Payment Substitution Across Countries
Khiaonarong, Tanai - 2022
Instant, or fast, payments are credit transfers completed and settled within seconds or minutes. They have low costs …, reduce payment risk, and have significantly replaced the use of cash, cards, or check and direct debit payments. We note the … role played by regulators in promoting instant payments and identify instances of significant payment instrument …
Persistent link: https://www.econbiz.de/10015060055
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Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention
Bertola, Giuseppe; Bartolini, Leonardo; Prati, Alessandro - International Monetary Fund (IMF) - 2000
We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the U.S. market for federal funds: depository institutions tend to hold more reserves during the last few days of each “reserve maintenance period,” when the...
Persistent link: https://www.econbiz.de/10005825728