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countries, unexceptionally in the Philippines. This paper provides a literacy survey on the effectiveness of the Central Bankâ … understand the monetary policy effectiveness in the Philippines. As the survey shows, most previous works focus on the … quantitative effectiveness. Future tasks would shed lights on (1) the asset side – other than loan outstanding – of banks to …
Persistent link: https://www.econbiz.de/10011147331
Based on the consolidated statements data of the universal/commercial banks (UKbank) and non-bank financial …
Persistent link: https://www.econbiz.de/10010769247
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The aim of this paper is to analyze the demand of both traditional and new media of exchange – as cryptocurrencies and central bank digital currencies – proposing a novel specification of the demand for money. In this specification, the medium of payment (MOP) has three properties: the first...
Persistent link: https://www.econbiz.de/10012907412
The aim of this paper is to analyse the demand of a central bank digital currency (CBDC). Using a financial portfolio approach and assuming that individual preferences and policy votes are consistent, we identify the drivers of the political consensus in favour or against such as new currency....
Persistent link: https://www.econbiz.de/10012921960
The aim of this paper is to offer a theoretical primer in order to analyse the demand of a central bank digital currency (CBDC). Using a financial portfolio approach and assuming that individual preferences and policy votes are consistent, we identify the drivers of the political consensus in...
Persistent link: https://www.econbiz.de/10012931527
Annotated remarks made at the 50th Anniversary Conference “Fortalecimiento institucional de los bancos centrales y efectividad de la política monetaria”, of the Central Bank of Nicaragua, February 2010. The paper lays out the importance of institutional strenthening (governance) as an...
Persistent link: https://www.econbiz.de/10011258861
The cryptocurrency Bitcoin has been marketed as revolutionary new money and an attractive investment. But closer examination suggests that Bitcoin works poorly as money and does not qualify as an asset based on user value. Instead, almost all Bitcoin trading has purely speculative purposes
Persistent link: https://www.econbiz.de/10013297908
financial institutions and central banks through the creation of the Term Auction Facility and Central Bank Swap Facility …
Persistent link: https://www.econbiz.de/10013094881