Similar Search Results

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

Persistent link: https://www.econbiz.de/10014512326

Monetary policy and reserve requirements with a zero-interest digital euro

Fegatelli, Paolo - In: Journal of macroeconomics 80 (2024), pp. 1-17

Persistent link: https://www.econbiz.de/10014558714

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

We analyze the impact of introducing a central bank-issued digital currency (CBDC) on the operational framework of monetary policy and the macroeconomy as a whole. To this end, we develop a New Keynesian model with heterogeneous banks, a frictional interbank market, a central bank with deposit...

Persistent link: https://www.econbiz.de/10014456302

Anchoring QT : liquidity, credit and monetary policy implementation

Altavilla, Carlo; Rostagno, Massimo; Schumacher, Julian - 2023

Persistent link: https://www.econbiz.de/10014419150

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos - 2024

Persistent link: https://www.econbiz.de/10014456296

CEO incentives and bank risk over the business cycle

Ongena, Steven; Savaser, Tanseli; Ciamarra, Elif Sisli - 2020

We examine whether the relationship between managerial risk-taking incentives and bank risk is sensitive to the underlying macroeconomic conditions. We find that risk-taking incentives provided to bank executives are associated with higher bank riskiness during economic downturns. We attribute...

Persistent link: https://www.econbiz.de/10012271222

Low interest rates and executive risk-taking incentives : evidence from the United States

Castro, Paula; Tascon, Maria T.; Castaño, Francisco J.; … - In: Business research quarterly : BRQ 24 (2021) 4, pp. 324-354

incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and … managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest … rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility …

Persistent link: https://www.econbiz.de/10012694415

Too many to fail : how bonus taxation prevents gambling for bailouts ; conference paper

Hilmer, Michael - 2014

Using a simple symmetric principal-agent model of two banks, this paper studies the effects of both bailouts and bonus taxes on risk taking and managerial compensation. In contrast to existing literature, we assume financial institutions to be systemic only on a collective basis, implying...

Persistent link: https://www.econbiz.de/10010489295

CEO risk incentives and the riskiness of securitisation transactions in the financial industry

Fabrizi, Michele; Parbonetti, Antonio - In: International journal of banking, accounting and finance 6 (2015) 2, pp. 122-150

Persistent link: https://www.econbiz.de/10011607449

The external effects of bank executive pay : Liquidity creation and systemic risk

DeYoung, Robert; Huang, Minjie - In: Journal of financial intermediation 47 (2021), pp. 1-17

Persistent link: https://www.econbiz.de/10012800776