backing the stablecoins as central bank reserves or reinvest them in low-risk assets, making these funds a less effective …

The introduction of the Securities Financing Transactions Regulation into EU law provides a unique opportunity to … obtain an in-depth understanding of repo markets. Based on the transaction-level data reported under the regulation, this … reported under the regulation can support the policy work of central banks and supervisory authorities. We demonstrate that …

the costs of banking regulation (and on the social value of making credit available to selected borrowers) incentivizes … regulation, rents and financial intermediation in five chapters, which can be broadly structured into two parts. …

. Chapters 2 and 3 show that patience and risk-taking as intertemporal preferences are closely related to differences in student …