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Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...
Persistent link: https://www.econbiz.de/10010529060
and bank deposits for stablecoins in payments and the financial system more broadly, particularly the current system of … bank-intermediated credit and for monetary policy. …
Persistent link: https://www.econbiz.de/10013465126
We review the nascent but fast-growing literature on central bank digital currencies (CBDCs), focusing on their …
Persistent link: https://www.econbiz.de/10013548800
Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated...
Persistent link: https://www.econbiz.de/10013264902
Since the global financial crisis in 2008/09 there has been heightened concern about the resilience of banking systems in Southeast Asia. This paper proposes a methodology that uses a macroprudential perspective to assess the resilience of banking systems in member countries of the Association...
Persistent link: https://www.econbiz.de/10009768765
meet the liquidity needs of dysfunctional financial markets. As the eligibility criteria for central bank borrowing have … been tweaked, it is legitimate to ask, 'How elastic should the supply of central bank currency be?' Even when the central … bank has the ability to create abundant official liquidity, there should be some limits to its support for the financial …
Persistent link: https://www.econbiz.de/10009516740
Persistent link: https://www.econbiz.de/10011790739
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
Persistent link: https://www.econbiz.de/10011698592
This paper presents a new database for financial crises in European countries, which serves as an important step towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on providing precise chronological definitions of crisis periods to...
Persistent link: https://www.econbiz.de/10011972947
This paper documents how traditional and shadow banks interacted with one another during the 2007 financial crisis, when both assets and liabilities flew from shadow to traditional banks. To rationalize their behavior, we propose a simple model which demonstrates the symbiotic coexistence and...
Persistent link: https://www.econbiz.de/10012107660