that consumers perceive CBDC as distinct from current and savings accounts offered by traditional banks. Intended adoption … consumers with low trust in banks in general. These results suggest that central banks can steer consumers’ adoption of CBDC via …Central banks around the world are examining the possibility of introducing Central Bank Digital Currency (CBDC). The …

capture differences in credit market integration by variations in the cost for banks to grant credit for cross …

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … the economy. Public sector banks have shown significant performance in containing bad debts. Private banks have continued … banks, apart from other accepted determinants of profitability, asset size has no significant impact on profitability. …

on the role of banks for monetary transmissions. A bank-based corporate financing friction is introduced and the relative …

, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …

We study how the subjective beliefs about loan repayment on the side of liquidity-constrained banks affect the central … bank's choice of collateral standards in its lending facilities. Optimism on the side of banks, entailing a higher … banks' belief distortions and always induce the socially optimal allocation. Under uncertainty about beliefs, the central …

unique collateral leverage channel, which cannot be replicated by standard capital requirements. Through this channel, banks …

We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …

We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …