with accounting treatments. A simple model shows that a bank's incentive to take on risks for which potential future losses … can be managed is countercyclical, especially if a bank is capital constrained or used to have a wider NIM in the past …, subject to the size-dependent enhancement of regulatory restraints after the crisis. The analysis thus places bank holding …

previous research on the role of central banks as lenders of last resort in crises and on the real effects of bank lending and … regulation. In part, this is due to their neglect of important regulatory choices, which policy-makers are therefore left to take …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … in other "safe" countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …

This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It …

This paper explores the interface between central banks and cryptocurrencies. Focusing on the European Central Bank … Central Bank Digital Currency (CBDC). Regarding legal measures, central banks could envisage regulating cryptocurrencies …

regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …

liquidity regulation. For causal inference, we use a regression kink design that relies on the variation in a marginal high …