at the cost of suppressing the role of banks as lenders. A Central Bank Digital Currency (CBDC) could provide safe money … creates money by lending to banks, and banks on-lend the proceeds to the economy. The proposed model would allow for deposits … to be taken off the balance sheet of banks and into the balance sheet of the central bank, thereby removing significant …

strategically utilize the renegotiation option as a bankruptcy threat, pushing down the debt value below the potential liquidation …

Banks increasingly use short-term wholesale funds to supplement traditional retail deposits. Existing literature mainly … points to the "bright side" of wholesale funding: sophisticated financiers can monitor banks, disciplining bad but … such distortions of incentives are smaller when public signals are less relevant and project liquidation costs are higher …

On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

settlement. The Bank of England should be privatised; its capital should be provided by the commercial banks; and it should … regulate banks as well as providing them with lender-of-last-resort facilities. He shows how this new structure provides just … the right incentives to regulate the banking system in a way that will ensure financial stability whilst allowing banks to …

-going financial disintegration and to break the vicious circle that ties up banks and governments in a death grip (liquidity ring …, leaving a significant funding gap for Southern European banks. To break this circle and re-establish a healthy flow of funds … healthy flow of funds among banks. These measures can be split in two complementary interventions: a monetary policy …

Covid-19 crisis are that more than 20% of their public debt is now held by these central banks and that the balance sheet of …