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Should cryptocurrencies be included in the portfolio of international reserves held by central banks?
Moore, Winston; Stephen, Jeremy - In: Cogent economics & finance 4 (2016) 1, pp. 1-12
In most countries, the central bank is required to hold reserve assets as a means of providing credibility for the …
Persistent link: https://www.econbiz.de/10011450546
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The Changing Fortunes of Central Banking
Hartmann, Philipp - 2018
Understanding the changing role of central banks and the novel policies they have pursued recently is absolutely essential for analysing many economic, financial and political issues, ranging from financial regulation and crisis, to exchange rate dynamics and regime changes, and QE and prolonged...
Persistent link: https://www.econbiz.de/10012927367
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Central Bank Digital Currency with Adjustable Interest Rate in Small Open Economies
George, Ammu - 2020
We examine the economic consequences of an interest-bearing design of the Central-Bank Digital Currency (CBDC), and extend the discussion to an open-economy context with trade and capital flows. We use a dynamic stochastic general equilibrium (DSGE) model to simulate a baseline scenario with...
Persistent link: https://www.econbiz.de/10012833531
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Should Cryptocurrencies Be Included in the Portfolio of International Reserves Held by the Central Bank of Barbados?
Moore, Winston - 2016
In most countries, the central bank is required to hold reserve assets as a means of providing credibility for the …
Persistent link: https://www.econbiz.de/10012992929
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The European Public Debt Refinancing Program - Why the ECB Quantitative Easing Should Envisage Euro-Zone Government Bonds
Minenna, Marcello - 2014
The credit risk exposure of the German banking system is growing again after the 2009 peak and its subsequent reduction. This column comments it through the lens of the Target2 net balances in connection with the capital flows experienced by the Eurozone (EZ) balance of payments. Several aspects...
Persistent link: https://www.econbiz.de/10013047170
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The Case for a Wholesale Central Bank Digital Currency Architecture
Hamdy, Mohammad - 2023
Among the countries currently considering issuing a central bank digital currency (CBDC), including nearly all of G20, there is a strong preference for a retail CBDC made available to the general public through private intermediaries. This Policy Brief sheds light on the technical complexities...
Persistent link: https://www.econbiz.de/10014348596
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Money Talks
Hoerova, Marie - 2010
, information transmission through changes in the interest rate creates a distortion, thus, lending an amount of credibility. This …
Persistent link: https://www.econbiz.de/10013150973
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Central Bank Vulnerability and the Credibility of Commitments : A Value-at-Risk Approach to Currency Crises
Blejer, Mario I.; Schumacher, Liliana B. - 2005
, such as VaR, are good forward-looking indicators of possible credibility crises. The paper analyzes risks derived both from … postulates that a loss of solvency increases central bank financial vulnerability and leads to credibility losses regarding its …' financial vulnerability is based on Value-at-Risk (VaR), a concept developed to assess commercial risk. While central banks …
Persistent link: https://www.econbiz.de/10014062266
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Evaluating the effect of the Bank of Canada's conditional commitment policy
He, Zhongfang - 2010
The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on longer-term market interest rates by taking into account the relationship between interest rates, inflation, and unemployment rates. By using vector autoregressive models of...
Persistent link: https://www.econbiz.de/10003996812