-maximizing central bank should adopt flexible headline inflation targeting a target for headline CPI inflation with some weight on the …

better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the … supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4 …

With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary …

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 …

Financial markets are eager for any signal of monetary policy from the People's Bank of China (PBC). The importance of …

information (data collection and processing) and communication (relationships and distribution). Both follow historic trends … towards an increased use of hard information and less in-person interaction, which are accelerating rapidly. We point to more … of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …

these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this …