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banks and supervisory authorities of all EU member states. This paper describes the design and structure of the new data set …
Persistent link: https://www.econbiz.de/10011779845
While there is a growing debate among researchers and practitioners on the possible role of central banks and financial … existing and novel prudential approaches to incentivizing the decarbonization of banks' balance sheets and align finance with …
Persistent link: https://www.econbiz.de/10011932149
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
Persistent link: https://www.econbiz.de/10010189355
The United States is now committed to using two relatively sophisticated approaches to measuring capital adequacy: Basel III and stress tests. This paper shows how stress testing could mitigate weaknesses in the way Basel III measures credit and interest rate risk, the way it measures bank...
Persistent link: https://www.econbiz.de/10010209131
The Basel capital adequacy ratios lost credibility with financial markets during the crisis. This paper argues that failure was the result of the reliance of the Basel standards on overstated asset values in reported equity capital. The United States' stress tests were able to assist in...
Persistent link: https://www.econbiz.de/10010209147
language of Basel I gives banks excessive leeway in their interpretation of its rules, and, in the end, allows financial … rules on emerging market banks; and that (4) although each accord states that its positions are not recommended for …
Persistent link: https://www.econbiz.de/10014203766
US) investment banks and their subsequent, in most cases, bail-out by public funds – and on the real sector of the … (and in particular banking) crises (under Section 1); discusses the structural vulnerability of banks to some financial …
Persistent link: https://www.econbiz.de/10014354197
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
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