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Financial sector distress is a situation in which financial intermediation is either costly or impossible (or both) as proxied by tight financial conditions - high spreads, decline in equity value and high volatility. Tight financial conditions have been identified as a risk factor to the...
Persistent link: https://www.econbiz.de/10014305879
Wirtschaftstätigkeit der betroffenen Nation ausgewirkt haben. Die Zentralbank hat im Zusammenhang mit systemweiten Störungen die Aufgabe … Wirtschaftssystem im Falle einer systemischen Krise durchläuft und wann die Zentralbank einzuschreiten hat. Dazu wird die … theoriengeschichtliche Entwicklung einer Zentralbank zum Kreditgeber der letzten Instanz beleuchtet. Die Analyse soll dabei Antworten darauf …
Persistent link: https://www.econbiz.de/10011927447
This paper examines the spillover effects of bankruptcy by important tech industry banks-Silicon Valley Bank (SVB …'s bankruptcy due to uncertainty triggered by its collapse. Financial contagion emerges between SVB and the top 10 banks, and the …
Persistent link: https://www.econbiz.de/10014635351
A number of central banks have started to investigate the possibility of issuing so-called Central Bank Digital Currencies (CBDCs). The aim may be to compete with crypto-currencies of different kinds but also to replace digital commercial bank money with central bank issued digital money, i.e....
Persistent link: https://www.econbiz.de/10015423851
This study investigates whether the competence of central bank governors affects the stability of the financial system they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with data on financial stability and the macroeconomy, the...
Persistent link: https://www.econbiz.de/10012308551
This paper examines the potential impact a central bank digital currency (CBDC) on banks' balance sheets. We first analyze the possible implications of the introduction of a CBDC for the banking system and the economy as a whole. Our analysis indicates that the impact of a CBDC depends on a...
Persistent link: https://www.econbiz.de/10015432058
The euro area crisis was characterised by a negative feedback loop between banks and sovereigns. The paper aims to indicate the genesis of this phenomenon and to determine the scale of its operation during the crisis and post-crisis conditions, as well as to identify the threats it brings. In...
Persistent link: https://www.econbiz.de/10012417814
The recent financial crisis proved that financial contagion could spread among countries resulting in disruptive effects. In this paper, by modeling and simulating banking system behavior and linkages across countries, we assess, based on data from the BIS and IMF, the possible outcome of...
Persistent link: https://www.econbiz.de/10012626421
The objective of this paper is to examine the impact of the new banking regulation on the European Union real economic activity in the period following the global financial crisis using a sample of 22 listed banking groups with high systemic importance, using dynamic panel models with a one-step...
Persistent link: https://www.econbiz.de/10014466503
The use of cashless payment instruments has been on an increase over many years now. At the same time, demand for cash has been on the rise as well and we can observe a particularly high level of growth demand for banknotes during crisis times. The increase in demand for cash known as the...
Persistent link: https://www.econbiz.de/10014316654