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Central bank's retained profits and discount windows : a bureaucratic organization's discretion-seeking hypothesis
Kim, Il-joong; Kim, Inbae - In: Emerging markets finance & trade : a journal of the … 49 (2013) 3, pp. 84-102
Persistent link: https://www.econbiz.de/10010200842
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Fintech and financial services : initial considerations
He, Dong; Leckow, Ross B.; Haksar, Vikram; Mancini … - 2017
A new wave of technological innovations, often called 'fintech,' is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation respond? This paper sets out an economic framework for thinking through the channels by which fintech...
Persistent link: https://www.econbiz.de/10011713763
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Bureaucratic Delegation and Political Institutions : When Are Independent Central Banks Irrelevant?
Keefer, Philip - 1999
reports new theory and tests related to delegation of monetary policy to an independent central bank. The authors find that …
Persistent link: https://www.econbiz.de/10010524515
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Un modèle de comportement bureaucratique de la banque centrale : le cas de la BCEAO
N'Guessan, Tchétché - In: Revue économique : revue bimestrielle 42 (1991) 5, pp. 901-915
Persistent link: https://www.econbiz.de/10001111319
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Bureaucratic Delegation and Political Institutions : When are Independent Central Banks Irrelevant?
Keefer, Philip; Stasavage, David - 2004
theory and tests related to delegation of monetary policy to an independent central bank. The authors find that delegation …
Persistent link: https://www.econbiz.de/10014130509
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Discretion Rather than Rules : Choice of Instruments to Control Bureaucratic Policy Making
Gailmard, Sean - 2010
In this paper I investigate the trade-off a legislature faces in the choice of instruments to ensure accountability by bureaucrats with private information. The legislature can either design a state-contingent incentive scheme or “menu law” to elicit the bureau's information or it can simply...
Persistent link: https://www.econbiz.de/10013151463
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Central Bankers, Bureaucratic Incentives, and Monetary Policy
Toma, Eugenia Froedge - 1986
the Problems of Control -- 6. The Choice of Monetary Instruments and the Theory of Bureaucracy -- 7. Bureaucratic Theory … Financing and Bureaucratic Rents -- 2. Monetary Policy: Theory and Practice -- 3. Inflationary Bias of the Federal Reserve … not tried to present a theory of why the Fed behaves the way it does. The dominant theory of Fed behavior is that the Fed …
Persistent link: https://www.econbiz.de/10013519820
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(Un)conventional policy and the effective lower bound
De Fiore, Fiorella; Tristani, Oreste - 2019
Persistent link: https://www.econbiz.de/10012051564
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Benefits of gradualism or costs of inaction? : monetary policy in times of uncertainty
Ferrero, Giuseppe; Pietrunti, Mario; Tiseno, Andrea - 2019
Persistent link: https://www.econbiz.de/10012016003
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(Un)conventional policy and the effective lower bound
De Fiore, Fiorella; Tristani, Oreste - 2019
Persistent link: https://www.econbiz.de/10012126645