In only a few years, central banks have rapidly ramped up research and development of central bank digital currencies … centrality of data, which raises concerns around competition, payment system integrity and privacy. This paper gives a guided …

This paper investigates how monetary policy affects bank profitability. We use data for 109 large international banks … short-term rates and the slope of the yield curve (the "interest rate structure", for short), on the one hand, and bank … that, over time, unusually low interest rates and an unusually flat term structure erode bank profitability …

bank segregations are effective in cleaning up balance sheets and promoting bank lending only if they combine … purchases are funded privately; (ii) smaller shares of the originating bank's assets are segregated; and (iii) asset segregation … problem associated with the creation of a bad bank …

hypothetical exercise with fixed balance sheet ratios, we find that a complete suspension of bank dividends in 2020 during the … Covid-19 pandemic would have added, under different stress scenario, an additional US$ 0.8–1.1 trillion of bank lending …

This paper investigates how the prolonged period of low interest rates affects bank intermediation activity. We use …

We analyze whether the impact of monetary policy on bank risk depends upon bank characteristics. We relate the … materialization of bank risk during the financial crisis to differences in the monetary policy stance and bank characteristics in the … the insulation effect produced by capital and liquidity buffers on bank risk was lower for banks operating in countries …