Showing 1 - 10 of 267,265
-based interest rates set by the central bank. Liquidity costs of banks increase with the emission intensity of their asset portfolio …, leading banks to favor low-carbon assets and to improve the financing conditions for clean sectors. We show that such a …
Persistent link: https://www.econbiz.de/10012231060
Persistent link: https://www.econbiz.de/10011944433
Persistent link: https://www.econbiz.de/10011985213
, financial stability has figured highly among central banks ́objectives, with policy measures ranging from interest rate … stabilization to serving as a lender of the last resort. With the ascent of macroeconomics, these traditional tasks of central banks … are they in conflict? How should tradeoffs be handled and what can be done to reduce the risk of the central bankś …
Persistent link: https://www.econbiz.de/10011301235
The present paper contains a brief presentation and analysis, in a historical perspective through the lens of the recent major crises, of the legal framework governing the European Economic and Monetary Union (EMU), as well as current developments and challenges ahead. It is structured in three...
Persistent link: https://www.econbiz.de/10014077291
This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the implications for the financial system and discuss of a number of...
Persistent link: https://www.econbiz.de/10013342232
, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …
Persistent link: https://www.econbiz.de/10011296085
unique collateral leverage channel, which cannot be replicated by standard capital requirements. Through this channel, banks …
Persistent link: https://www.econbiz.de/10012585515
, financial stability has figured highly among central banks´ objectives, with policy measures ranging from interest rate … stabilization to serving as a lender of the last resort. With the ascent of macroeconomics, these traditional tasks of central banks … are they in conflict? How should tradeoffs be handled and what can be done to reduce the risk of the central bank´s …
Persistent link: https://www.econbiz.de/10011348186
unofficial euroisation are particularly relevant for central banks as high degrees of euroisation reduce the effectiveness of … headquartered banks in these countries as well as their EU accession perspective are conducive to euroisation. …
Persistent link: https://www.econbiz.de/10011606322