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Macroprudential policies are often aimed at the commercial banking sector, while a host of other non-bank financial … institutions, or shadow banks, may not fall under their jurisdiction. We study the effects of tightening commercial bank regulation … requirements on commercial banks increase shadow bank lending, which may have adverse financial stability effects. Coordinating …
Persistent link: https://www.econbiz.de/10012216425
in central bank communication to help measure stress in financial markets. For use in real time, the indicator is able to …. - Financial stress ; central bank communication ; logit distribution ; leading indicator ; behavioural finance …
Persistent link: https://www.econbiz.de/10003983636
tools, their content and the environment in which they are employed. - Central bank ; financial stability ; communication …
Persistent link: https://www.econbiz.de/10009006629
In a stochastic pure endowment economy with money but no financial markets, two types of agents trade one non-durable good using two alternative types of cash constraints. Simulations of the corresponding variants are compared to Arrow-Debreu and Autarky equilibriums. First, this illustrates how...
Persistent link: https://www.econbiz.de/10009160002
Persistent link: https://www.econbiz.de/10010482479
Persistent link: https://www.econbiz.de/10001637049
merits of central bank digital currencies (CBDC) accessible to the broad public. This paper first reviews the advantages and … of banks and centralization of the credit allocation process within the central bank and (ii) risk of facilitation … financial account implications of CBDC with the ones of crypto assets, Stablecoins, and narrow bank digital money, in a domestic …
Persistent link: https://www.econbiz.de/10012137675
Persistent link: https://www.econbiz.de/10009765936
framework were more likely to require public support during the crisis. We instrument some characteristics of bank balance … sheets with these prudential indicators to investigate how they affect bank resilience. The share of non-interest income …
Persistent link: https://www.econbiz.de/10012009213
Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and...
Persistent link: https://www.econbiz.de/10009635984