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Dignity), the actions of the National Bank of Ukraine (NBU) had a positive impact on the models of Ukrainian banks: there was … lending due to an increase in their riskiness; (2) the use of central bank funds to liabilities management, which was evidence … from Russia) during the year; (3) an increase in the share of the non‑government debt securities portfolio in banks' assets …
Persistent link: https://www.econbiz.de/10014529567
We study the impact of higher bank capital buffers, namely of the Other Systemically Important Institu- tions (O …
Persistent link: https://www.econbiz.de/10012024808
The first assessments of the effects of the coronavirus epidemic suggest that the extent of global recession may exceed economic losses brought about by the global 2008–2009 crisis. However, it is not yet clear for how long a sharp slowdown of the global economic activity is going to last and...
Persistent link: https://www.econbiz.de/10014351150
objectives and powers, detailing the Bank of Russia internal structures and procedures for the formulation and implementation of …The note discusses the main features of Russia's current macroprudential policy framework. In particular, it describes … the Central Bank of the Russian Federation's legal mandate to ensure the stable functioning of the financial markets …
Persistent link: https://www.econbiz.de/10012929652
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883
to July 2022, focused on a subsample that covers the Russia-Ukraine conflict (January-July 2022), our research reveals …
Persistent link: https://www.econbiz.de/10014495236
In this paper, we focus on the role of different types of crises (technological crises, financial market crises, natural disasters) and their effects on the demand for cash in an international context. It becomes evident that over the past 30 years cash demand always increased in times of...
Persistent link: https://www.econbiz.de/10012692738
that the central bank abandon its usual feedback rule for an extended period, allowing interest rates to instead be …
Persistent link: https://www.econbiz.de/10012159954
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10012592174
Many central banks discuss the introduction of a Central Bank Digital Currency (CBDC). Empirical evidence suggests that … household may hold an unlimited amount of CBDC, (iii) the central bank sets a maximum amount of CBDC each household is allowed … to hold, (iv) the central bank uses the CBDC as a monetary policy instrument by adjusting the maximum amount of CBDC each …
Persistent link: https://www.econbiz.de/10014229087