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in line with the economic conditions they face. Bank responses feed back to the macroeconomic environment affecting …
Persistent link: https://www.econbiz.de/10012286943
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
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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
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
In this study we apply cluster analysis techniques, including a novel smoothing method, to detect some basic patterns and trends in the euro area banking sector in terms of the degree of homogeneity of countries. We find that in the period 1998-2004 the banking sectors in the euro area countries...
Persistent link: https://www.econbiz.de/10003337152
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We present new evidence on the structure of euro area securities markets using a multilayer network approach. Layers are broken down by key instruments and maturities as well as the secured nature of the transaction. This paper utilizes a unique dataset of banking sector crossholdings of...
Persistent link: https://www.econbiz.de/10011997550