Climate and environmental issues will likely impact the financial system's stability as they become more pervasive and tangible. As a result, the appropriate financial regulatory and supervisory measures must be in place. This article discusses the challenges faced by financial institutions and...

Der Beitrag basiert auf einer Rede, die Claudia M. Buch, Vizepräsidentin der Deutschen Bundesbank, am 11. Juni 2015 auf dem Festakt anlässlich des 100. Geburtstags von Hans Möller an der Ludwig-Maximilians-Universität München gehalten hat. Er gibt einen Überblick über die...

This study examines the issue of the modernization of the Kazakh financial system considering the new, Enhanced Partnership and Cooperation Agreement with the European Union (EU) (January 19, 2015) and the Kazakh State program "Path to Europe, 2009-2011". It describes new opportunities for the...

From the beginning of the 1970s until the last global financial and economic crisis in 2008 - 2009, neo-liberal ideas guided economic policy development. It is worth noting that the Central and Eastern European countries transformed their economies from centrally planned to a market type at the...

The 100%-Money Plan advocated by Fisher (1936) has a Misesian flavor as it aims at mitigating intertemporal discoordination by reducing (i) the discrepancy between investment and voluntary savings, and (ii) the manipulation of interest rates by monetary injections. Recent proposals to adopt the...

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical nature of this interaction, however, has not been fully explored. To this end, we integrate the Diamond (1997) model of banking and financial markets with the Lagos and Wright...

Analyzing the topological properties of the network of shareholding relationships among the Euro Area banks we evaluate the relevance of a bank in the financial system respect to ownership and control of other banks. We find that the degree distribution of the European banking network displays...