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Central bank collateral frameworks
Nyborg, Kjell G. - 2015
in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood … by the observation that the money at the core of these systems, central bank money, is injected into the economy on terms …
Persistent link: https://www.econbiz.de/10011296085
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Shadow banking : policy challenges for central banks
Moe, Thorvald - 2014
Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as "market maker of...
Persistent link: https://www.econbiz.de/10010356675
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Central Bank Digital Currency - Financial System Implications and Control
Bindseil, Ulrich - 2019
the merits of central bank digital currencies (CBDC) accessible to the broad public. This paper first briefly recalls the … forms of central bank money. It then discusses two key arguments against CBDC, namely (i) risk of structural … disintermediation of banks and centralization of the credit allocation process within the central bank and (ii) risk of facilitation …
Persistent link: https://www.econbiz.de/10012870904
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The Role of the Financial Sector in Zimbabwe, Central Banking and its Social and Economic Impacts
Bonga, Wellington Garikai - 2021
The study seeks to provide a critique of the theoretical framework of economic governance as it relates to the financial sector in Zimbabwe and identify institutions in the financial sector and explain their roles. It also seeks to unpack the concepts related to the banking or the financial...
Persistent link: https://www.econbiz.de/10013210773
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Strengthening financial system regulation : the Nigerian case
Uddin, Godwin E.; Monehin, Anthony O.; Osuji, Emeka - In: International journal of management, economics and … 9 (2020) 4, pp. 286-310
Many studies have considered the efficacy of the Central Bank of Nigeria (CBN)’s monetary policy to ensure Deposit …
Persistent link: https://www.econbiz.de/10012389890
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Risk and state-dependent financial frictions
Harding, Martín; Wouters, Rafael - 2022 - Last updated: August 9, 2022
We augment a standard New Keynesian model with a financial accelerator mechanism and show that financial frictions generate large state-dependent amplification effects. We fit the model to US data and show that, when shocks drive the model far away from the steady state, the nonlinear model...
Persistent link: https://www.econbiz.de/10013335014
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Central bank digital currencies and banking : literature review and new questions
Chapman, James; Chiu, Jonathan; Davoodalhosseini, Seyed … - 2023
We review the nascent but fast-growing literature on central bank digital currencies (CBDCs), focusing on their …
Persistent link: https://www.econbiz.de/10013548800
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Regulatory requirements of banks and arbitrage in the post-crisis federal funds market
Garratt, Rod; Priazhkina, Sofia - 2022 - Last updated: November 28, 2022
This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks,...
Persistent link: https://www.econbiz.de/10013466133
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Russia’s Financial System Strategy : Stimulating Modernization of Economy (Banking Sector, Monetary Policy, Taxes)
Mirkin, Yakov - 2011
This paper provides Russia's financial system strategy covering three blocks: banking sector, monetary policy and taxes. The post-crisis strategy in banking sector contains proposals on achieving soundness and stability of Russian banking system, problem banks restructuring, as well as increase...
Persistent link: https://www.econbiz.de/10013132515
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The liquidity effect in bank-based and market-based financial systems
Scharler, Johann - 2007
This paper assesses how the financial system influences the strength of the liquidity effect in a calibrated limited participation model of the monetary transmission mechanism. The model suggests that bankbased systems should be characterized by smaller liquidity effects since monetary...
Persistent link: https://www.econbiz.de/10009741060