We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX …

rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are …

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We … first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the … empirical determinants of bank risks and profitability, and how the level and the source of bank profitability affect risks for …

The paper investigates EU banks' profitability through the recent financial cycle using banklevel balance sheet and … stable over the financial cycle, including post-crisis, and there is no clear evidence that aspects of bank business model …, such as higher reliance on fees and commission income, were associated with better profitability post-crisis …