We develop a New Keynesian model where all payments between agents require bank deposits, bank deposits are created … through disbursement of bank loans, and banks face convex lending costs. At the zero lower bound on deposit rates (ZLBD …

information about bank performance when the quality of the information provided by the bank is higher. We also provide evidence … view that bank transparency is a double-edged sword: While more information facilitates monitoring by depositors, it also …

account and taxing paper currency, the central bank can escape the zero bound, optimize its seignorage and eliminate … systematic profit shortfalls. By following a variant of Friedman's rule, the central bank can remove the market disruption of …

In this paper we relate a bank's choice between retail and wholesale liabilities to real economic uncertainty and the … resulting volatility of bank loan volumes. We argue that since the volume of retail deposits is slow and costly to adjust to … shocks in the volume of bank assets, banks facing more intense uncertainty and more volatile loan demand tend to employ more …

impact of bank mergers on deposit rates. In particular, results on the dynamics of deposit rates surrounding bank mergers … vary substantially across studies. In this paper, we aim for a comprehensive empirical analysis of a bank merger's impact … monthly frequency for the time period 1997-2006. These data are matched with individual bank and local market characteristics …

In recent years the Russian banking system has witnessed numerous bank license withdrawals. Many of the failed banks … data on Russian bank deposit interest rates for deposits of different maturities in 2015–2016 combined with data about bank … fundamentals coming from their financial statements. The results suggest that if a bank offers too generous interest rates for …