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Gorton, Gary B. - 2016

In fighting a financial crisis, opacity (keeping the names of banks borrowing at emergency lending facilities secret) and stigma (the cost of having a bank's name revealed) are desirable to restore confidence. Lending facilities raise the perceived average quality of all banks' assets. Opacity...

Persistent link: https://www.econbiz.de/10012980623

Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond

Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018

banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the … cash demand equation including the shadow economy. …

Persistent link: https://www.econbiz.de/10011872942

Russian Banking System : Stability Factors in the Wake of 2008-2009 Crisis

Zubarev, Andrey - 2012

and regulation aimed at preventing bank defaults in the event of such crises in the future are formulated based on the …

Persistent link: https://www.econbiz.de/10013096903

Do Central Banks‘ repo Transactions and Liquidity Infusions Increase Financial Stability Risks? A Case for Circular Monetary Economics

Kouam, Henri - 2020

Central banks repo market operations and liquidity infusions occasion a structural liquidity mismatch in bank balance sheets and increase the dependence on central bank liquidity. This paper argues for what I term “Circular Monetary Economics”, an approach to monetary policy that seeks to...

Persistent link: https://www.econbiz.de/10012825201

Banks' balance-sheet costs, monetary policy, and the ON RRP

Afonso, Gara; Cipriani, Marco; La Spada, Gabriele - 2022

In June 2022, the Federal Reserve started reducing the size of its balance sheet, which had expanded to just under $9 trillion in response to the COVID-19 pandemic. However, whereas banks' reserves at the Federal Reserve have decreased, the investment of money market funds (MMFs) at the Federal...

Persistent link: https://www.econbiz.de/10013465412

Do we need central bank digital currency? Economics, technology and institutions

Gnan, Ernest (contributor); Masciandaro, Donato (contributor) - 2018

Persistent link: https://www.econbiz.de/10011985213

Do we need central bank digital currency? : economics, technology and institutions

Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018

Persistent link: https://www.econbiz.de/10011944433

CBDC as competitor for bank deposits and cryptocurrencies

Fuchs, Max - 2022

central bank and retail banks, may thus observe a decline in the demand for their payments systems, i.e. cash and deposits …

Persistent link: https://www.econbiz.de/10013168975

Designing New Money - The Policy Trilemma of Central Bank Digital Currency

Bjerg, Ole - 2017

implementation of CBDC in terms of their monetary policy implications. In the ‘money user scenario' CBDC co-exists with both cash and … commercial bank deposits. In the ‘money manager scenario' cash is abolished and CBDC co-exists only with commercial bank deposits …. And in the ‘money maker scenario' commercial bank deposits are abolished and CBDC co-exist only with cash. The evaluation …

Persistent link: https://www.econbiz.de/10012954346

2017 Global Cryptocurrency Benchmarking Study

Hileman, Garrick - 2017

world via secure web-based questionnaires, capturing an estimated 75 per cent of the cryptocurrency industry. The study …

Persistent link: https://www.econbiz.de/10012956785