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The future of large, internationally active banks : does scale define the winners?
Hughes, Joseph P.; Mester, Loretta J. - 2015
Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks – that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
Persistent link: https://www.econbiz.de/10011416928
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Money and banking with reserves and CBDC
Niepelt, Dirk - 2022 - This version: October 28, 2022
We analyze retail central bank digital currency (CBDC) in a two-tier monetary system with bank deposit market power and … distortions or instrument restrictions are present. Depending on central bank choices CBDC raises U.S. bank funding costs by up to …
Persistent link: https://www.econbiz.de/10013440005
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Size matters : analyzing bank profitability and efficiency under the Basel III framework
Gržeta, Ivan; Žiković, Saša; Žiković, Ivana Tomas - In: Financial innovation : FIN 9 (2023) 1, pp. 1-28
performance, that is, profitability and efficiency. Considering bank size, the results show a diverse impact of regulation on bank … efficiency and profitability of banks. This study aims to examine the impact of the introduction of two major regulatory changes … (Basel II and Basel III) on bank performance, in terms of bank size and bank-specific and macroeconomic variables. A two …
Persistent link: https://www.econbiz.de/10014288974
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Does monetary policy influence banks' perception of risks?
Malovana, Simona; Kolcunova, Dominika; Broz, Vaclav - 2018
This paper studies the extent to which monetary policy may affect banks' perception of credit risk and the way banks measure risk under the internal ratings-based approach. Specifically, we analyze the effect of different monetary policy indicators on banks' risk weights for credit risk. We...
Persistent link: https://www.econbiz.de/10011786136
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Verdict on the Crash : Causes and Policy Implications
Booth, Philip - 2009
This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...
Persistent link: https://www.econbiz.de/10013156184
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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
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The Great Depression(s) of 1929-1933 and 2007-2009? Parallels, Differences and Policy Lessons
Eigner, Peter - 2015
This paper provides a comparative analysis of the Great Depression (1929-1933) and the Great Financial Crisis (2007-2009) by contrasting the crises' main driving forces and how they relate to each other with respect to the United States. To this end, causes, consequences and measures undertaken...
Persistent link: https://www.econbiz.de/10013021968
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Why Governments Failed to Realize Prosperity and How to Structure a Sound Economic System
Kababji, Maher Diab - 2016
Happiness sums up people's attainments from living. Economics is concerned largely with prosperity as the material contributor to happiness. Prosperity is a relative term rather than an absolute one. Prosperity level can be defined as the feasible material standard of living that an economy can...
Persistent link: https://www.econbiz.de/10012991712
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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
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Estimating the appropriate quantity of settlement balances in a floor system
Bulusu, Narayan; McNeely, Matthew; McRae, Kaetlynd; … - 2023
In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy … the deposit rate. In contrast, the Bank's guiding principles of prudence, transparency and neutrality, which govern the … rate close to the Bank's policy interest rate (which is equal to the deposit rate in a floor system). The second is an …
Persistent link: https://www.econbiz.de/10014392970