The Bank's liquidity insurance facilities have been consistently improved since the onset of the financial crisis. The most innovative of these facilities is the Indexed Long-Term Repo (ILTR). In designing the ILTR, the Bank has drawn on lessons from auction theory. A key feature is that the...

This book explains how to restructure and successfully turn around a bank or financial institution at a time when the global financial system is facing a new wave of disruption ushered in by innovation from digital financial technology, or FinTech. It is argued that within banking this process...

This paper examines the association between bank liquidity creation and technological innovation. Using a comprehensive measure of bank output, I find that bank liquidity creation stymies technological innovation, measured by patent-based criteria. This is robust to using the...