This study discusses recent and current conditions relating to financial stability in the euro area, developing, in particular, on the impact of the current “inflation crisis” on financial stability vulnerabilities. Furthermore, it addresses two related priorities for the Single Resolution...

This paper uses a competitive neural network model to examine whether the separation of monetary policy and banking supervision has an impact on inflation. Our results show that countries with similar organizations of banking supervision and monetary policy indeed have similar levels of...

Gross profit scaled by book value of total assets predicts the cross-section of average returns. Novy-Marx (2013) concludes that it outperforms other measures of profitability such as bottom-line net income, cash flows, and dividends. One potential explanation for the measure's predictive...

It is generally understood that well functioning banks and financial institutions help promote economic growth. That’s why Iranian government is trying to play active role to promote economic growth through well established banking and financial system. This survey shows that after...

This paper focuses on the issue of the information asymmetry between the Federal Reserve Bank and commercial forecasters. Previous theoretical and empirical evidence suggest that in the absence of confidential supervisory information, commercial forecasters either under- or over- predict future...