Narrow search
Showing 1 - 10 of 22,953
Cover Image
Liquidity regulation, the Central Bank, and the money market : conference paper
Scheubel, Beatrice; Körding, Julia - 2013 - This version: 15 February 2013
crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral …
Persistent link: https://www.econbiz.de/10010342820
Cover Image
Utility Price Regulation and Time Inconsistency : Comparisons with Monetary Policy
Levine, Paul - 2010
We examine the hold-up problem of price regulation and compare it with the monetary policy credibility problem. For …-up problem in regulation turns out to be more serious than the inflation bias problem in monetary policy. Even with far …
Persistent link: https://www.econbiz.de/10012760882
Cover Image
Banking behaviour and political business cycle in Africa : the role of independent regulatory policies of the central bank
Ofori-Sasu, Daniel; Agbloyor, Elikplimi Komla; Nsafoah, … - 2024
This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...
Persistent link: https://www.econbiz.de/10014514254
Cover Image
Independent Utility Regulators : Lessons from Monetary Policy
Stern, Jon; Levine, Paul; Trillas, Francesc - 2015
This paper explores the similarity of the underlying economic problems that lead to the establishment of (a) independent central banks to operate national monetary policies and (b) independent regulatory agencies for telecommunications and other utility service industries. We show that, in both...
Persistent link: https://www.econbiz.de/10014091599
Cover Image
Crypto Economics - The Top 100 Token Models Compared
Kaal, Wulf A. - 2019
The article provides an overview of the evolving economic incentive designs in decentralized systems. After introducing the decentralized economic policy tools that influence token design, the author examines the leading token models in a hand-selected dataset comprising the top one hundred...
Persistent link: https://www.econbiz.de/10012898126
Cover Image
Monetary Policy, Firm Heterogeneity, and Product Variety
Hamano, Masashige; Zanetti, Francesco - 2021
This study provides new insights on the allocative effect of monetary policy. It shows that contractionary monetary policy exerts an important reallocation effect by cleansing unproductive firms and enhancing aggregate productivity. At the same time, however, reallocation involves a reduction in...
Persistent link: https://www.econbiz.de/10013249738
Cover Image
Credibility May Require Discretion, Not Rules
Cowen, Tyler; Glazer, Amihai; Zajc, Katarina - 2009
(s): Rules, Discretion, Credibility, Regulation …
Persistent link: https://www.econbiz.de/10014140602
Cover Image
The Price of Macroeconomic Imprecision : How Should the Law Measure Inflation?
Chen, James Ming - 2005
manifestations of the phenomenon in three discrete areas of public law: taxation, constitutional law, and rate regulation. Congress …
Persistent link: https://www.econbiz.de/10014063287
Cover Image
Central bank independence : it's not only about interest rates and price stability
Georgiou, George - 2022
important and this requires robust supervision/regulation of banks. This can only be achieved if central banks are politically …
Persistent link: https://www.econbiz.de/10013297767
Cover Image
Liquidity regulation in a monetary economy
Aquino, Juan Carlos - 2020
Persistent link: https://www.econbiz.de/10012420201