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 …

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 …

regulation, recovery and resolution, and risk culture. …

regulation, the European Central Bank provided substantial monetary policy easing, for instance the release of capital buffers …

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 …

stability and the effectiveness of capital surcharges on SIBs as a risk management tool. The model is populated by heterogeneous … to Basel III macro-prudential frameworks and manage their liquidity in the interbank market. The Central Bank performs … type and management strategy of the bank, leading to the ''one-size-fits-all'' problem. Finally, we found that additional …

later conferred on the ECB by the Single Supervisory Mechanism (SSM) Regulation. The paper describes the ECB …’s macroprudential governance framework in the new institutional set-up. After reviewing the concept and origins of systemic risk, it … required new tools to be developed to measure systemic risk at financial institution, country and system-wide level. The paper …

in the area of systemic risk regulation …

-prudential regulation, generally, decreases systemic risk among traditional banks, it has the opposite effect on systemic risk in the non-bank …How does macroprudential regulation affect financial stability in the presence of non-bank financial intermediaries? We … estimate the contributions of traditional banks vis-'a-vis non-bank financial intermediaries to changes in systemic risk …