We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of … the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a … ; bank portfolio …

This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system … (TVAR) model is estimated to take into account possible nonlinearities in the relationship between bank lending and monetary …

growing gap between deposits above lending and has compressed interest margins as the traditional source of bank's income …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

: consumers must open a deposit account to access a bank’s financial services. We develop and calibrate a quantitative model of …