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Global Liquidity Regulation - Why Did it Take so Long?

Bonner, Clemens - 2015

in 2013 and to analyze the interaction of capital regulation and banks' liquidity buffers. Our analysis suggests that …The purpose of this paper is to assess the history of global liquidity regulation until the revised Basel III proposals … regulating capital is associated with declining liquidity buffers. The interaction of liquidity regulation and monetary policy as …

Persistent link: https://www.econbiz.de/10013029888

Bankruptcy Codes and Risk Sharing of Currency Unions

Wang, Xuan - 2021

Since the Eurozone Crisis of 2010-12, a critical debate on the viability of a currency union has focused on the role of a fiscal union in adjusting for country heterogeneity. However, a fully-fledged fiscal union may not be politically feasible. This paper develops a two-country general...

Persistent link: https://www.econbiz.de/10013246925

Money and banking with reserves and CBDC

Niepelt, Dirk - 2022 - This version: October 28, 2022

externalities from liquidity transformation. Resource costs of liquidity provision determine the optimal monetary architecture and … for the U.S. suggests a weak case for CBDC in the baseline but a much clearer case when too-big-to-fail banks, tax …

Persistent link: https://www.econbiz.de/10013440005

Banking crises under a Central Bank Digital Currency (CBDC)

Bitter, Lea - 2023

the net worth of banks in normal times but mitigates the risk of a bank run in times of crisis. The financial stability … is offset by loans to banks, it substantially impedes failures due to illiquidity, but only marginally affects bank …

Persistent link: https://www.econbiz.de/10014495919

Coronavirus : Case for Digital Money?

Kakushadze, Zura - 2020

We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy...

Persistent link: https://www.econbiz.de/10012839523

Monetary Policy Implementation : Operational Issues for Countries with Evolving Monetary Policy Frameworks

Maehle, Nils O. - 2020

This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be...

Persistent link: https://www.econbiz.de/10012840604

iCurrency?

Kakushadze, Zura - 2020

We discuss the idea of a purely algorithmic universal world iCurrency set forth in: "https://ssrn.com/abstract=2542541" https://ssrn.com/abstract=2542541 and expanded in: "https://ssrn.com/abstract=3059330" https://ssrn.com/abstract=3059330 in light of recent developments, including Libra. Is...

Persistent link: https://www.econbiz.de/10012847994

Cross-Border Spillover Effects of Macroprudential Policies : A Conceptual Framework

Kok, Christoffer - 2020

Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on...

Persistent link: https://www.econbiz.de/10012830442

Central Banks and the Future of Money

Murray, John - 2019

Persistent link: https://www.econbiz.de/10012888892

Cash Use Across Countries and the Demand for Central Bank Digital Currency

Khiaonarong, Tanai - 2019

The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...

Persistent link: https://www.econbiz.de/10012889147

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