In this paper we study the impact of the Basel III liquidity regulations, namely the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), on the bank lending channel in Luxembourg. For this aim we built, based on individual bank data, time series of the LCR and NSFR for a...

This paper examines the art of central banking as practised by the European Central Bank (ECB) through the prism of Goodfriend's (2009) determination of the three policies that fall within the remit of a central bank: monetary policy, which consists in varying the size of the balance sheet,...

La communication a pour objet l'évaluation des trajectoires suivies par les économies qui ont adopté récemment un régime de Currency Board. Après avoir identifié les motivations de ce choix et différencié les contextes de mise en application de cet arrangement monétaire institutionnel...