discuss the rationale for regulating bank liquidity by highlighting the market failures that it addresses while reviewing key … risk in the financial system has gone up. In an environment where both bank liquidity and capital are regulated, it is …

, they come with costs. We provide a literature review of the costs associated with these central bank actions, without …-seeking and unproductive uses of the liquidity provided by the central bank. We discuss measures that may mitigate the negative …

drawing useful lessons for regulatory reform. We argue that an important contributor to positive bank performance was a solid …

important element of any monetary policy framework. Yet, the circumstances under which it would be appropriate for the Bank to … financial stability concerns should be taken into account by monetary policy will be a priority topic of research at the Bank …

and bank deposits for stablecoins in payments and the financial system more broadly, particularly the current system of … bank-intermediated credit and for monetary policy. …

One way of internalizing the externalities that each individual bank imposes on the rest of the financial system is to … information on interbank exposures. A relatively small bank playing an outsized role in the interbank market might be more … systemic, and thus garner a higher capital surcharge, than a less-connected bank of somewhat larger size. Alternatively, if the …