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Money and banking with reserves and CBDC

Niepelt, Dirk - 2022 - This version: October 28, 2022

We analyze retail central bank digital currency (CBDC) in a two-tier monetary system with bank deposit market power and … modified Friedman (1969) rules the optimal monetary policy. Optimal interest rates on reserves and CBDC differ. A calibration … distortions or instrument restrictions are present. Depending on central bank choices CBDC raises U.S. bank funding costs by up to …

Persistent link: https://www.econbiz.de/10013440005

Ertrags- und Liquiditätsanalyse der gemischten Lebensversicherung bei liberalisierten Rechnungsgrundlagen

König, Alexander; Schradin, Heinrich R. - 1995

Vorliegendes Arbeitspapier untersucht auf Basis einer risikotheoretischen Formulierung verschiedenene Zinskonstellationen in ihrer betriebswirtschaftlichen Bedeutung für die Lebensversicherungsunternehmung.

Persistent link: https://www.econbiz.de/10005842556

About the Impact of Model Risk on Capital Reserves: A Quantitative Analysis

Bertram, Philip; Sibbertsen, Philipp; Stahl, Gerhard - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2011

in remarkablemonetary differences concerning capital reserves... …

Persistent link: https://www.econbiz.de/10009302593

Rücklagenbildung und Gewinnausschüttung im Aktienrecht

Baums, Theodor - Institute for Law and Finance <Frankfurt, Main> - 2008

Im Normalfall, in dem Vorstand und Aufsichtsrat den Jahresabschluß feststellen (vgl. § 172AktG), können sie einen Teil des Jahresüberschusses, höchstens jedoch die Hälfte, in „andereGewinnrücklagen“1 einstellen (§ 58 Abs. 2 S. 1 AktG). Die Satzung kann Vorstand undAufsichtsrat zur...

Persistent link: https://www.econbiz.de/10005869584

A switch criterion for defined contribution pension schemes

Arts, Bas; Vigna, Elena - Center for Research on Pensions and Welfare Politics … - 2003

In this paper we try to find an investment strategy which gives a high probability of reaching a given target amount at retirement. This strategy depends on two moments: the first is the appropriate time to stop investing the contributions into equities and the second is the optimalmoment to...

Persistent link: https://www.econbiz.de/10005847263

The Determinants of Success in the New Financial Services Environment: Now That Firms Can Do Everything, What Should They Do and Why Should Regulators Care?

Santomero, Anthony M.; Eckles, David L. - Wharton School <Philadelphia, Pa.>; Financial … - 2000

[...]The final force of change is the continual evolution of thedelivery channels through which financial services are offered.This has occurred in many ways and in several stages. First, theuse of postal services substituted for physical market presence;this was followed by increased use of...

Persistent link: https://www.econbiz.de/10005869902

Macro Markets and Financial Security

Athanasoulis, Stefano; Shiller, Robert J.; Van Wincoop, Eric - Yale University <New Haven, Conn.> / Department of Economics; … - 1999

[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...

Persistent link: https://www.econbiz.de/10005870065

Corporate Financial Constraints, Bank Governance,and Financial System Stability

Behr, Patrick; Norden, Lars; Noth, Felix - Lehrstuhl für Internationales Bank- und Finanzwesen … - 2010

value and aggregate economic activity. We investigate whether and how bank governance, especially private vs. non …-private bank ownership, affects financial constraints of small and medium-sized enterprises (SMEs). We focus on SMEs because they … are more opaque, bank-dependent and riskier than large firms. Given the significant differences between private and non …

Persistent link: https://www.econbiz.de/10009005132

How much do bank shocks affect investment? Evidence from matched bank-firm loan data

Amiti, Mary; Weinstein, David E. - 2013

developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … economy, which creates a role for granular shocks, as in Gabaix (2011). As a result, idiosyncratic bank shocks - movements in …

Persistent link: https://www.econbiz.de/10010333636

Stand und Perspektiven der "New Economy" in ausgewählten Mitgliedstaaten der EU aus deutscher Sicht

Vieweg, Hans-Günther; Fuchs, Thomas; Hild, Reinhard; … - 2005

Die vorliegende Studie wurde im ifo Arbeitsbereich Branchenforschung erstellt und im Frühjahr 2005 abgeschlossen. Auftraggeber war das Bundesministerium für Wirtschaft und Arbeit. Gegenstand der Studie sind der Stand und die Perspektiven der „New Economy“ in Deutschland sowie ein Vergleich...

Persistent link: https://www.econbiz.de/10011698333