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persons based on a core set of harmonised concepts and definitions. Starting with reference data from September 2018, credit …) individual credit exposures falling within the reporting scope. The reporting framework is the outcome of in-depth discussions … Regulation, AnaCredit will, already in Stage 1, significantly enhance the value for analysis on credit and credit risk in the …
Persistent link: https://www.econbiz.de/10011639632
whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and …
Persistent link: https://www.econbiz.de/10013131703
Protection Act, § 13(3) also allowed the Fed, acting alone, to extend credit to particular individuals, partnerships, and …
Persistent link: https://www.econbiz.de/10013126128
increased financial stability given the fact that CBDC carries no credit risk. We also find that Nationalbanken's dismissal of …
Persistent link: https://www.econbiz.de/10012927422
Persistent link: https://www.econbiz.de/10012833832
Central bank digital currencies (CBDCs) promise to provide cash-like safety and convenience for peer-to-peer payments. To do so, they must be resilient and accessible. They should also safeguard the user's privacy, while allowing for effective law enforcement. Different technical designs satisfy...
Persistent link: https://www.econbiz.de/10012838722
This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be...
Persistent link: https://www.econbiz.de/10012840604
monetary policy for anything else than support for commercial bank credit creation. This means that the decision on the design …
Persistent link: https://www.econbiz.de/10012954346
We study the macroeconomic consequences of issuing central bank digital currency (CBDC) — a universally accessible and interest-bearing central bank liability, implemented via distributed ledgers, that competes with bank deposits as medium of exchange. In a DSGE model calibrated to match the...
Persistent link: https://www.econbiz.de/10012986626
discusses the role of the ECB in the provision of emergency liquidity assistance (ELA) to solvent credit institutions in the …-prudential oversight of the EU financial system (under 1.2) and then for the micro-prudential supervision of credit institutions …
Persistent link: https://www.econbiz.de/10012921800