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Initial Coin Offerings (ICOs) are currently the hottest topic in the financial markets. They typically use blockchain technology to offer so-called ‘tokens' that can confer various rights. Experts estimate that the amount of money raised via ICOs will reach US$ 20 billion by the end of 2018....
Persistent link: https://www.econbiz.de/10012898989
provide general liquidity to its members, including the largest U.S. banks. Large U.S. banks' increased borrowings from the …
Persistent link: https://www.econbiz.de/10012943922
provide general liquidity to its members, including the largest U.S. banks. Large U.S. banks' increased borrowings from the …
Persistent link: https://www.econbiz.de/10012943955
provide general liquidity to its members, including the largest U.S. banks. Large U.S. banks' increased borrowings from the …
Persistent link: https://www.econbiz.de/10012943982
The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make … size. Implicit banks' costs and subsidies explain shifting bank balance sheet composition. Together, these forces explain …
Persistent link: https://www.econbiz.de/10014486266
Persistent link: https://www.econbiz.de/10012134676
U.S. commercial banks are increasingly using credit scoring models to underwrite small business credits. This paper …
Persistent link: https://www.econbiz.de/10002913537
We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …
Persistent link: https://www.econbiz.de/10013259697
network. We estimate that the impairment of any of the five most active U.S. banks will result in significant spillovers to … other banks, with 38 percent of the network affected on average. The impact varies and can be larger on particular days and … in geographies with concentrated banking markets. When banks respond to uncertainty by liquidity hoarding, the potential …
Persistent link: https://www.econbiz.de/10012161511
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...
Persistent link: https://www.econbiz.de/10014559288