its lending and deposit facilities the central bank has an additional effective instrument at hand to impose an impact on … bank loan supply. While lowering the rate on the lending facility has, taken for itself, an expansionary effect, lowering …

We address the question to what extent a central bank can de-risk its balance sheet by unconventional monetary policy … operations. To this end, we propose a novel risk measurement framework to empirically study the time-variation in central bank … portfolio credit risks associated with such operations. The framework accommodates a large number of bank and sovereign …

This paper identifies bank-specific-characteristics and market conditions that contribute to determine prices and … relationships benefit banks in hedging liquidity risk. We also document that central bank liquidity increments are associated with a …

Financial Stability Board, this paper also considers why the need for central bank digital currencies is becoming a popular …