Markets Programme (SMP). Using detailed security holdings data at the bank level, we show that banks exposed to this …

The paper examines the impact of central bank regulatory policies on market power in Africa. The study presents a … the central bank (i.e. monetary and macro-prudential policies) enhance banks' market power. Also, it reveals that central … bank regulatory policies are better coordinated, as complements, in achieving greater market power of banks in countries …

We explore the implications of introducing an interest-bearing central bank digital currency (CBDC) through commercial … adopts. The large bank gives depositors a higher convenience value and hence possesses market power. The interest rate on … CBDC puts a lower bound on banks’ deposit interest rates, which is particularly binding on the large bank. While a higher …