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Dell'Erba, Marco - 2019

Private entities have recently attempted to invade the realm of central banking activities. This Article identifies this activity as “Shadow Central Banking,” and draws analogies with the previous emergence of “shadow banking” more generally. The “shadow banking” system emerged as a...

Persistent link: https://www.econbiz.de/10012859315

Monetary Liability for Breach of the Duty of Care?

Spamann, Holger - 2016

This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors … liability could impose less risk on directors and managers, and provide better risk-taking incentives, than standard performance … liability incentives is not absolute but a cost-benefit trade-off. Litigation is expensive, while the benefits from refining …

Persistent link: https://www.econbiz.de/10013003706

What You Should Know About the Debit Card in Your Wallet : Where the Federal Reserve’s New Overdraft Rules May Fall Short

Martin, Jennifer S. - 2012

Bank debit cards may look like credit cards, but they certainly do not act like them when it comes to account overdrafts. This does not suggest that credit cards are better than debit cards, as complaints abound concerning the transparency of fees charged to consumers for credit card...

Persistent link: https://www.econbiz.de/10013116560

Debit Card Overdraft Services : Will the Federal Reserve's New Rules Enhance Transparency and Consumer Choice?

Martin, Jennifer S. - 2013

While the appearance of debit and credit cards is similar, the attributes have significant differences, particularly when it comes to account overdrafts. This does not suggest that credit cards are somehow superior products, as complaints abound concerning credit card fees. Nevertheless,...

Persistent link: https://www.econbiz.de/10013095247

Sue The Fed : The Case for Privately Enforceable Statutory Constraints on Federal Reserve Emergency Lending

Verret, J. W. - 2021

The federal government’s economic response to the COVID-19 epidemic has principally been one in which the Federal Reserve has set up extraordinary lending facilities in partnership with the Treasury Department. These facilities were modeled on multi-trillion-dollar lending facilities set up by...

Persistent link: https://www.econbiz.de/10013243112

From Cannabis to Crypto : Federal Reserve Discretion in Payments

Hill, Julie Andersen - 2023

From its inception, the Federal Reserve has operated payment systems that let banks move money for their customers. Checks, wire transfers, and electronic consumer payments all happen thanks to the Federal Reserve. Congress by statute specified which banks get access to the Fed’s payment...

Persistent link: https://www.econbiz.de/10014355592

Stablecoins in Cryptoeconomics. From Initial Coin Offerings (ICOs) to Central Bank Digital Currencies (CBDCs)

Dell'Erba, Marco - 2019

In the course of their growth and their more recent crisis, cryptocurrencies suffered from tremendous volatility. Volatility impaired cryptocurrencies' ability to serve the needs generally associated with currencies, i.e. serve as a store of value as well as a medium of exchange and a unit of...

Persistent link: https://www.econbiz.de/10012870861

Transparency at Federal Reserve Banks

Hill, Julie Andersen - 2023

The 12 regional Federal Reserve Banks play crucial roles in monetary policy, payment systems operations, bank supervision, and economic research. These public welfare roles were assigned to them by Congress and codified in statutes. But all too often the Reserve Banks hoard information and...

Persistent link: https://www.econbiz.de/10014349851

Central Bank accountability

Castellani-Debrun, Francesca - 2003

Persistent link: https://www.econbiz.de/10001832963

A model of central bank's accountability

Castellani, Francesca (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001691902