Similar Search Results

Legal Aspects of the European Central Bank (ECB) - The ECB within the European System of Central Banks (ESCB) and the European System of Financial Supervision (ESFS) - Second (Exte...

Gortsos, Christos - 2018

euro area on the basis of the recent (2017) related ECB Agreement (under 4).(b) In Chapter Two the focus turns to the ECB … established (mainly but not confined to) in the euro area within the Single Supervisory Mechanism (SSM) (under 3.1), while • the …

Persistent link: https://www.econbiz.de/10012921800

Is a Stable Financial System Possible?

Turnbull, Shann - 2018

Three conditions are suggested for establishing a stable financial system: 1. Only digital money is used. 2. The Internet of Things (IoT) uses a sustainable service of nature essential to maintain the well being of the environment and humans in each region of the planet to automatically...

Persistent link: https://www.econbiz.de/10012931273

Legal Aspects of the Single Monetary Policy in the Euro Area : From the Establishment of the Eurosystem to the Current Pandemic Crisis

Gortsos, Christos - 2021

monetary policy in the euro area, as this developed from the establishment of the Eurosystem until today. It is structured in … to the definition of price stability in the euro area. The legal framework governing the implementation of the single … following the recent (2007-2009) global financial crisis (GFC) and the subsequent fiscal crisis in the euro area, discussing in …

Persistent link: https://www.econbiz.de/10013235124

Свойства криптовалюты как антифидуциарных денег в качестве инструмента измерения доверия общества к власти (Properties of Cryptocurrency As Anti-Fiduciary Money as a Tool for Measu...

Antoncheva, Olga; Fpanasenko, Tatiana - 2021

Russian abstract: Использование показателя доли криптовалюты в общей денежной массе в качестве инструмента измерения доверия общества к власти позволяет провести...

Persistent link: https://www.econbiz.de/10013248298

The Role of the Financial Sector in Zimbabwe, Central Banking and its Social and Economic Impacts

Bonga, Wellington Garikai - 2021

The study seeks to provide a critique of the theoretical framework of economic governance as it relates to the financial sector in Zimbabwe and identify institutions in the financial sector and explain their roles. It also seeks to unpack the concepts related to the banking or the financial...

Persistent link: https://www.econbiz.de/10013210773

Can Monetary Policy Create Fiscal Capacity?

Elenev, Vadim; Landvoigt, Tim; Shultz, Patrick; Van … - 2021

Governments around the world have gone on a massive fiscal expansion in response to the Covid crisis, increasing government debt to levels not seen in 75 years. How will this debt be repaid? What role do conventional and unconventional monetary policy play? We investigate debt sustainability in...

Persistent link: https://www.econbiz.de/10013214430

Perspectives on Inflation Targeting, Financial Stability and the Global Crisis

Gudmundsson, Mar - 2010

This BIS Paper discusses lessons provided by the global financial crisis for inflation targeting and financial stability. It contains selected presentations from the BIS-sponsored sessions at two Latin American and Caribbean Economic Association (LACEA) annual meetings: November 2008, in Rio de...

Persistent link: https://www.econbiz.de/10013144637

Tax Treatment of Block Rewards : A Primer

Sutherland, Abraham - 2021

• An unsettled issue of immense practical and economic importance: how to tax the new “reward tokens” created in public cryptocurrency networks.• The wrong policy would drive innovation elsewhere. Fortunately, the correct policy is mandated by existing law: these new tokens – like all...

Persistent link: https://www.econbiz.de/10013246768

Payment risk and bank lending

Li, Ye; Li, Yi - 2021

Deposits finance bank lending and serve as means of payment for bank customers. Under uncertain payment flows, deposits are debts with random maturities. Payment outflows drain reserves, and the risk is most prominent when funding markets are under stress and banks are unable to smooth out...

Persistent link: https://www.econbiz.de/10012816444

Bank credit and money creation on payment networks : a structural analysis of externalities and key players

Li, Ye; Li, Yi; Sun, Huijun - 2021

This paper documents a strong connection between payment system and credit supply. The dual role of deposits as financing instruments for banks and means of payment for bank customers implies spillover effects of bank lending. After a bank finances loans with new deposits, the deposit holders'...

Persistent link: https://www.econbiz.de/10012816483