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This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10012912488
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This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10011905870
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This paper explores the interface between central banks and cryptocurrencies. Focusing on the European Central Bank (ECB), it identifies the potential threats that the rise of cryptocurrencies would pose to the basic and ancillary tasks of the ECB, in particular, its monetary policy operations...
Persistent link: https://www.econbiz.de/10012866515
This paper studies leverage regulation and monetary policy when equity investors and/or creditors have distorted … beliefs relative to a planner. We characterize how the optimal leverage regulation responds to arbitrary changes in investors …' and creditors' beliefs and relate our results to practical scenarios. We show that the optimal regulation depends on the …
Persistent link: https://www.econbiz.de/10012704734