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The effectiveness of a negative interest rate policy

Onofri, Marco; Peersman, Gert; Smets, Frank - In: Journal of monetary economics 140 (2023), pp. 16-33

Persistent link: https://www.econbiz.de/10014487404

The optimal quantity of CBDC in a bank-based economy

Burlon, Lorenzo; Montes-Galdón, Carlos; Muñoz, Manuel A. - 2022

We provide evidence on the estimated effects of digital euro news on bank valuations and lending and find that they … bank intermediation and the economy. Under empirically-relevant assumptions (i.e., central bank collateral requirements and … through an expansion of the central bank balance sheet and profits. The issuance of CBDC exerts a smoothing effect on lending …

Persistent link: https://www.econbiz.de/10013328782

The optimal quantity of CBDC in a bank-based economy

Burlon, Lorenzo; Montes-Galdon, Carlos; Muñoz, Manuel A.; … - 2022

Persistent link: https://www.econbiz.de/10012806336

Booms and banking crises

Boissay, Frédéric; Collard, Fabrice; Smets, Frank - 2016

Persistent link: https://www.econbiz.de/10011439815

Booms and Systemic Banking Crises

Boissay, Frédéric - 2013

The empirical literature on systemic banking crises (SBCs) has shown that SBCs are rare events that break out in the midst of credit intensive booms and bring about particularly deep and long-lasting recessions. We attempt to explain these phenomena within a dynamic general equilibrium model...

Persistent link: https://www.econbiz.de/10013086964

Booms and Banking Crises

Boissay, Frédéric - 2014

Banking crises are rare events that break out in the midst of credit intensive booms and bring about particularly deep and long-lasting recessions. This paper attempts to explain these phenomena within a textbook DSGE model that features a non-trivial banking sector. In the model, banks are...

Persistent link: https://www.econbiz.de/10013065656