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Central banking and financial stability in the long run
Cao, Jin; Chollete, Lorán - 2013
banks play complex, long horizon games and face more than one tradeoff. We account for these issues in a simple infinite … bankruptcy. We term these factors discipline and stability effects, respectively. The central bank’s welfare decreases with … central banks cannot attain both low inflation and financial stability. …
Persistent link: https://www.econbiz.de/10009753000
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Government, Central Bank and Banking Supervision Reforms : Does Independence Matter?
Masciandaro, Donato - 2010
influence the likelihood that policymakers assign banking supervision to central banks. We find that, conditional on the …
Persistent link: https://www.econbiz.de/10013141031
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Central Banking and Supervision : The Political Cycle
Masciandaro, Donato - 2012
By the early ‘2000 an increasing numbers of countries had adopted a well defined central bank framework, which is characterized by two intertwined features: the authority becomes specialized in achieving the monetary policy goals, and consequently its traditional responsibilities in pursuing...
Persistent link: https://www.econbiz.de/10013098367
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Deposit Insurance and Banking Stability
Chu, Kam Hon - 2013
This article will examine in a more systematic way the effectiveness of deposit insurance coverage in maintaining banking stability. More specifically, I argue that raising deposit insurance coverage in an attempt to eradicate bank runs is not necessarily the optimal policy because bank runs,...
Persistent link: https://www.econbiz.de/10013083120
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The Future of Central Banking Under Post-Crisis Mandates
Cecchetti, Stephen G. - 2013
-crisis mandates" in Lucerne, Switzerland. The event brought together senior representatives of central banks and academic institutions …
Persistent link: https://www.econbiz.de/10013092148
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The Financial Cycle and Macroeconomics : What Have We Learnt?
Borio, Claudio E. V. - 2014
It is high time we rediscovered the role of the financial cycle in macroeconomics. In the environment that has prevailed for at least three decades now, it is not possible to understand business fluctuations and the corresponding analytical and policy challenges without understanding the...
Persistent link: https://www.econbiz.de/10013064801
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Rediscovering the Macroeconomic Roots of Financial Stability Policy : Journey, Challenges and a Way Forward
Borio, Claudio E. V. - 2014
The recent financial crisis has triggered a major rethink of analytical approaches and policy towards financial stability. The crisis has encouraged a sharper focus on systemic risk, the inclusion of a financial sector in macroeconomic models, a shift from a microprudential to a macroprudential...
Persistent link: https://www.econbiz.de/10013067256
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The Prudential Regulation of Financial Institutions : Why Regulatory Responses to the Crisis Might Not Prove Sufficient
White, William - 2013
institutions: banks, the shadow banking system and insurance companies. It concludes that, while substantial progress has been made …
Persistent link: https://www.econbiz.de/10013073590
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Money, Renewable Energy and Climate Change
Turnbull, Shann - 2015
This paper identifies how the structure of money and banking contributes to climate change described by Stern (2006) as the "The biggest market failure the World has ever seen". The paper also considers how an ecological form of electronic money redeemable into units of renewable electricity...
Persistent link: https://www.econbiz.de/10013038674
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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