consequences stablecoins and central bank digital currencies could have. Stablecoins, such as Facebook's Libra, differ from earlier … renewed their interest in central bank digital currencies (CBDCs) as a potential solution. CBDCs could make private digital … bank liabilities. One important reason to provide CBDCs to citizens is that if cash disappears, citizens will lose direct …

(Geldmenge M3) und ein nicht-monetärer (Nominallöhne) Indikator betrachtet und zur Inflationsprognose im Euroraum verwendet. Es …

, Europäische Zentralbank, haben der Euro und die gemeinsame europäische Geldpolitik in den letzten zehn Jahren eine Entwicklung … Geldpolitik der Europäischen Zentralbank auseinander. Es sei die Frage zu stellen, ob die EZB nicht im Windschatten der Fed über …

-1913, when the Bank of Sweden held a note monopoly. Evidence suggests that notes did not become less elastic after monopolisation …

markets. The analysis shows that swap lines by the Swiss National Bank (SNB) had a positive impact on bank stocks in Central … and Eastern Europe. It then highlights the importance of individual bank characteristics in identifying the impact of swap … lines on bank stocks. Bank-level evidence suggests that stock prices of local and less-well capitalized banks as well as …

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. …