Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand … unprecedented government bailout of the central bank, and resulted in loss of shareholder control over the central bank. …

Recently, economists have argued that a bank's importance within the financial system depends not only on its … individual characteristics but also on its position within the banking network. A bank is deemed to be 'central' if, based on our …

by changes following bank mergers involving Federal Reserve customer banks. This paper evaluates the effect of bank … two or more Reserve Bank customers have resulted in volume losses, especially during the first quarter following the … additional check-processing volume because of bank mergers. …

central bank. Using a New Monetarist model, the analysis shows that fractional reserve banking is beneficial because of the …

This paper contributes to the existing literature on central bank repoauctions. It is based on a structural econometric …