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We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of … the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the …
Persistent link: https://www.econbiz.de/10011538993
We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of … the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the …
Persistent link: https://www.econbiz.de/10001720377
Persistent link: https://www.econbiz.de/10001791344
Central bank policy suffers from time-inconsistency when facing a banking crisis : A bailout is optimal ex post but ex … reputation for the central bank are high, monitoring effort by the banker is important in improving returns, and when the cost of …
Persistent link: https://www.econbiz.de/10010295508
International financial linkages, particularly through global bank flows, generate important questions about the …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous and that the primary drivers of …
Persistent link: https://www.econbiz.de/10010333575
endogenously determined. Although the microeconomics of the bank behaviour is quite simple, credit and money as well as bonds …
Persistent link: https://www.econbiz.de/10010266680
Persistent link: https://www.econbiz.de/10010275637
use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …
Persistent link: https://www.econbiz.de/10010290138
Woodford (2003) describes a popular class of neo-Wicksellian models in which monetary policy is characterized by an interest-rate rule, and the money market and financial institutions are typically not even modeled. Critics contend that these models are incomplete and unsuitable for...
Persistent link: https://www.econbiz.de/10011506662
Persistent link: https://www.econbiz.de/10003717409