Search
Search Results
-
How is Central Bank Independence Sha** Income Inequality in Develo** Countries?
Amid growing global concern over increasing income inequality, the role of monetary policy and the central bank have come under increased scrutiny....
-
Retail CBDC purposes and risk transfers to the central bank
The issuance of retail central bank digital currency (CBDC) involves a transfer of risk from commercial banks to the central bank. Mechanisms that...
-
The impact of central bank digital currency on monetary policy effectiveness
The emergence of central bank digital currency (CBDC) is a historic event in the transformation of traditional legal monetary forms. Its issuance and...
-
Stability versus soundness: what matters for women central bank governors?
Using cross-country data, the paper examines the influence of women central bank governors (WCBGs) on bank soundness and stability. The evidence...
-
The Future of Money: Central Bank Digital Currencies
This paper examines the rationale behind the exploration by the vast majority of central banks of introducing central bank digital currencies. This...
-
The effect of central bank credibility on economic growth and output volatility in inflation targeting regime
Against the backdrop that inflation targeting is adopted to achieve a stable macroeconomy (i.e. achieve single-digit inflation rates, lock-in of...
-
A literature review on the design and implementation of central bank digital currencies
Within the last five years, research on Central Bank Digital Currencies (CBDCs) has increased with increased momentum. Particular events, such as the...
-
Modeling interest rate setting at the European Central Bank with bargaining models and counterfactuals
I analyze whether the interest rate decisions of the European Central Bank (ECB) favor the national interests of the largest euro-area member states....
-
Central bank digital currency, loan supply, and bank failure risk: a microeconomic approach
Central bank digital currencies (CBDCs), which are legal tenders in digital form, are expected to reduce currency issuance and circulation costs and...
-
Bank demand for central bank liquidity and its impact on interbank markets
We develop a model of monetary policy implementation in which banks bid for liquidity provided by the central bank in fixed rate auctions,...
-
A Survey of Central Bank Digital Currency Adoption in African Countries
This chapter presents a survey of central bank digital currency (CBDC) adoption in African countries. Secondary data based on desk research were used...
-
Investment externalities, bank liquidity creation, and bank failures
Recent evidence suggests that banks are interconnected through investment externalities among their borrowers. We study how such investment...
-
Would a Retail Central Bank Digital Currency Achieve Its Intended Purpose?
The issuance of a retail central bank digital currency (CBDC) has three purposes: (1) providing the public with a digital central bank money, (2)...
-
The European Central Bank and Its Role in a Sustainable Finance System
This book analyses the new strategic decisions of the European Central Bank. Contributors from different fields examine especially the sustainability...
-
The Strategic Allocation and Sustainability of Central Bank Investments
In recent years, the extensive recourse to unconventional monetary policy measures and the growing importance of the transition process towards a...
-
Attributes needed for Japan’s central bank digital currency
The issuance of central bank digital currencies became a real policy issue after the announcement of Facebook’s Libra. Which types of product...
-
Bank market power and firm finance: evidence from bank and loan-level data
We investigate the impact of bank market power on the interest rates charged for loans to nonfinancial firms within the context of a develo**...
-
Does bank capital boost the productivity of the banking industry in EMCCA? A critical survey
This paper delves into the fascinating world of bank capital and its profound impact on banking sector productivity in the CEMAC region. Drawing on...
-
Central Bank Digital Currency Cross-Border Payment Model Based on Blockchain Technology
Since the turn of the twenty-first century, the growth of the globalized economy and trade has accelerated, and the cross-border payment system,...
-
Central Bank Policy Mix: Issues, Challenges, and Policy Responses Handbook of Central Banking Studies
This is an open access book.
This book is an integration of keynote speeches, lectures, and related teaching materials during the five years of the...
