We analyze retail central bank digital currency (CBDC) in a two-tier monetary system with bank deposit market power and … distortions or instrument restrictions are present. Depending on central bank choices CBDC raises U.S. bank funding costs by up to …

deterioration in a district’s bank health increases the probability that this district’s representative in the FOMC votes to ease … behavior is most pronounced for Bank presidents (as opposed to governors) and FOMC members who have career backgrounds in the …

This paper investigates how monetary policy affects bank profitability. We use data for 109 large international banks … short-term rates and the slope of the yield curve (the "interest rate structure", for short), on the one hand, and bank … that, over time, unusually low interest rates and an unusually flat term structure erode bank profitability …

and the optimal policy of a central bank in response to both idiosyncratic and aggregate shocks. In particular, we … consider how the interbank market affects a bank's choice between holding liquid assets ex ante and acquiring such assets in … the market ex post. We show that a central bank should use different tools to manage different types of shocks …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

interest margin (NIM) and its components, retail lending and retail deposit rates. Using two proprietary bank-level data sets …

in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of ….S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In … addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks …

central banks' signaling capacity. In some countries, a tiered central bank deposit rate has facilitated the pass-through to … money markets, while mitigating the direct costs of negative rates to banks. Nevertheless, going forward, reduced bank …

In this paper, we investigate how negative interest rate policy (NIRP) introduced by the Bank of Japan (BoJ) affected …