Central banks have been considering the introduction of central bank digital currencies (CBDCs). The theoretical … financial stability. To provide empirical evidence on this debate, we study the effects of the arrival of a new central-bank … issued currency on commercial banks in a historical setup. We use the opening of the Bank of Canada in 1935 as a natural …

Purpose: Existing research on uncertainty and bank lending has focused entirely on aggregate uncertainty (i … bank-level data in Vietnam during 2007-2019. Design/methodology/approach: The paper focuses on a new uncertainty measure in … banking computed by the dispersion of shocks to key bank-level variables. The study also fixes the issues of potential …