Die EZB-Targetsalden der Mitgliedsländer der Europäischen Währungsunion haben sich im Verlauf der Schuldenkrise sehr unterschiedlich entwickelt. Vor allem Deutschland ist hier in eine Gläubigerposition geraten, während die Krisenländer hohe Defizite aufweisen. Der Autor untersucht hier...

Growth of non-cash monies has been sustained in the main by that of individual ruble-denominated bank deposits. The deposits and monies kept on their bank accounts by organizations have been growing at a slower pace, thus corresponding to the movement of their turnover in nominal terms. At the...

The aim of bail-in is that governments should have an alternative option to taxpayer-funded rescues of systemic banks. It operates through a mechanism whereby an insufficiently solvent bank can be returned to balance sheet stability by writing down not only the claims of its subordinated...

This research is focused on the topic of Sharia Governance (SG) in Indonesia. Among the main issues surround corporate governance in Islamic banking is the role of the Sharia Supervisory Board (SSB). The main role of this body is to ensure the compliance of Sharia law along the entire business...

Our paper analyses confidential letters sent from the Bank of England's Prudential Regulation Authority (PRA) to banks and building societies it supervises. These letters are a ‘report card' written to firms annually, and are arguably the most important, regularly recurring written...

In this paper, a method to implement K-Y protocol using Distributed Consensus is discussed. Firstly, the various available methods are discussed. Then, Proof-of-Sovereignty (PoSv) is proposed. Its mechanism is deliberated and its advantages are described vis-a-vis other methods of distributed...

I propose a new tool to characterize the resolution of uncertainty around FOMC press conferences. It relies on the construction of a measure capturing the level of discussion complexity between the Fed Chair and reporters during the Q&A sessions. I show that complex discussions are associated...

Measures of central banks` independence and central banks` accountability which are based on an interpretation of their statutes provide, in themselves, no guidance for the assessment of legislative proposals. In the effectiveness of monetary policy, the crucial considerations relate to how...

This paper seeks to estimate the extent to which market-implied policy expectations could be improved with further information disclosure from the FOMC. Using text analysis methods based on large language models, we show that if FOMC meeting materials with five-year lagged release dates-like...

Corporate agility – ability to respond quickly and effectively to business environment changes – is crucial for firms’ success. While important, this concept is difficult to measure and use in quantitative research. We develop a reliable measure of agility by applying the latest machine...