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of the central bank and other macroeconomic institutions. The average annual rate of growth in the net profits of the …
Persistent link: https://www.econbiz.de/10010436044
in modern monetary and financial systems, namely central bank collateral frameworks. Their importance can be understood … by the observation that the money at the core of these systems, central bank money, is injected into the economy on terms …
Persistent link: https://www.econbiz.de/10011296085
We model bank management actions in severe stress test conditions using a game-theoretical framework. Banks update …
Persistent link: https://www.econbiz.de/10012591729
developments in this area and what they mean for debates and decisions about the design of central bank liquidity policy. Across … the key challenges, choices and considerations facing the designers of central bank liquidity tools today. …
Persistent link: https://www.econbiz.de/10014577846
This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method,...
Persistent link: https://www.econbiz.de/10010228497
This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method,...
Persistent link: https://www.econbiz.de/10013072261
I construct a new composite measure of systemic financial market stress for Canada. Compared with existing measures, it better captures the 1990 housing market correction and more accurately reflects the absence of diversification opportunities during systemic events. The index can be used for...
Persistent link: https://www.econbiz.de/10012229875
The study seeks to provide a critique of the theoretical framework of economic governance as it relates to the financial sector in Zimbabwe and identify institutions in the financial sector and explain their roles. It also seeks to unpack the concepts related to the banking or the financial...
Persistent link: https://www.econbiz.de/10013210773
Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central … bankruptcy. We term these factors discipline and stability effects, respectively. The central bank's welfare decreases with …
Persistent link: https://www.econbiz.de/10013080504
This study investigates whether the competence of central bank governors affects the stability of the financial system … they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with … data on financial stability and the macroeconomy, the findings reveal that central bank governors' competence promotes …
Persistent link: https://www.econbiz.de/10012308551