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Is a Stable Financial System Possible?
Turnbull, Shann - 2018
Three conditions are suggested for establishing a stable financial system: 1. Only digital money is used. 2. The Internet of Things (IoT) uses a sustainable service of nature essential to maintain the well being of the environment and humans in each region of the planet to automatically...
Persistent link: https://www.econbiz.de/10012931273
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Reallocating Liquidity to Resolve a Crisis : Evidence from the Panic of 1873
Anderson, Haelim; Hachem, Kinda Cheryl; Zhang, Simpson - 2021
We study financial stability with constraints on central bank intervention. We show that a forced reallocation of liquidity across banks can achieve fewer bank failures than a decentralized market for interbank loans, reflecting a pecuniary externality in the decentralized equilibrium....
Persistent link: https://www.econbiz.de/10013225625
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A model for central bank digital currencies : implications for bank funding and monetary policy
Groß, Jonas; Schiller, Jonathan - 2021
Central bankers express concerns that central bank digital currencies (CBDCs) might disintermediate commercial banks and facilitate bank runs. We analyze these concerns in a DSGE framework and provide a rationale for the disintermediation of the banking sector. Our focus is on the central bank's...
Persistent link: https://www.econbiz.de/10013329655
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Liquidity regulation, the Central Bank, and the money market : conference paper
Scheubel, Beatrice; Körding, Julia - 2013 - This version: 15 February 2013
As reliance on excessively short-term wholesale funding has been one of the major causes for the 2007-2009 financial crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding without being clear on how such an approach will affect...
Persistent link: https://www.econbiz.de/10010342820
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The role of the chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - 2011
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … China. The paper explores the current role of China's nominal exchange rate stabilization as stabilizing factor for China … policy coordination between China and the US. The exit from unconventional low interest rate policies in the US combined with …
Persistent link: https://www.econbiz.de/10010334486
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The role of the Chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - 2010
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … China. The paper explores the current role of China's nominal exchange rate stabilization as stabilizing factor for China … policy coordination between China and the US. The exit from unconventional low interest rate policies in the US combined with …
Persistent link: https://www.econbiz.de/10009012482
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The role of the chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - Friedrich-Schiller-University Jena - 2011
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … China. The paper explores the current role of China's nominal exchange rate stabilization as stabilizing factor for China … policy coordination between China and the US. The exit from unconventional low interest rate policies in the US combined with …
Persistent link: https://www.econbiz.de/10010904561
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Expanding Beyond Borders : The Yen and the Yuan
Subacchi, Paola - 2013
As all eyes are on the strategy and policy measures of the People's Republic of China (PRC) to push the international …
Persistent link: https://www.econbiz.de/10013072066
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Expanding beyond borders : the yen and the yuan
Subacchi, Paola - 2013
As all eyes are on the strategy and policy measures of the People's Republic of China (PRC) to push the international …
Persistent link: https://www.econbiz.de/10010211308
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New Paradigms in Monetary Theory and Policy?
Balling, Morten; Llewellyn, David T.; Orphanides, Athanasios - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011689952