The main objective of this study is to identify both similarities and differences among seemingly homogenous countries (OECD) in respect to their safety net design and a supervisory role played by central banks. The goal is achieved using an extensive data set, describing financial supervisory...

The Oxford Handbook of the Economics of Central Banking covers a wide range of central bank topics, including governance, independence, balance-sheet and crisis management, and the challenges in macroeconomic modeling. The book is intended as an up-to-date reference for the current and potential...

Gerade einmal 10 Jahre ist es her, dass Zentralbanker kaum etwas falsch machen konnten. Die grossen Krisen galten als überwunden - Zentralbankchef Ben Bernanke sprach 2004 gar über das Ende der grossen Wirtschaftskrisen. Gerade einmal vier Jahre später stürzte die Weltwirtschaft in die mit...

Credit default swaps ("CDSs") were widely blamed as a primary cause of the recent financial crisis; CDSs fomented panic as the price of credit protection spiked and contributed to the Federal Reserve's decision to bail out American International Group. To reduce the likelihood that credit...