The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While … access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card …

central bank liabilities). Combining such safe banks with a monetary rule would provide stable monetary systems during …

monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated …

-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …

We examine trends in bank competition since the early 2000s. The Lerner index-arguably the most commonly used measure …

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …

The recent fnancial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in … monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this … trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the …

In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan …