Showing 1 - 10 of 130
Lenders can exploit households' payment data to infer their creditworthiness. When households value privacy, they then face a tradeoff between protecting such privacy and credit conditions. We study how the introduction of an informationally more intrusive digital payment vehicle affects...
Persistent link: https://www.econbiz.de/10014353892
Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This paper offers a range of analytical approaches to assess and monitor cyber risk to the financial...
Persistent link: https://www.econbiz.de/10012840603
Technology Department, this paper examines fintech and the related area of cybersecurity from the perspective of central bank … examples of central bank risks related to fintech and cybersecurity. The paper highlights that fintech- and cybersecurity …
Persistent link: https://www.econbiz.de/10013305671
The COVID-19 pandemic has accelerated the shift toward digital services. Meanwhile, the race for technological and economic leadership has heated up, with risks of decoupling that could set back trade and growth and hinder the recovery from the worst global recession since the Great Depression....
Persistent link: https://www.econbiz.de/10013252019
We find that data transparency policy reforms, reflected in subscriptions to the IMF's Data Standards Initiatives (SDDS and GDDS), reduce the spreads of emerging market sovereign bonds. To overcome endogeneity issues regarding a country's decision to adopt such reforms, we first show that the...
Persistent link: https://www.econbiz.de/10012956482
The new boundary between publicly and privately provided payments systems and the role of collateral may be changing. Recent technological developments have made it feasible for markets and policymakers to contemplate abolishing physical cash, and replacing it with electronic alternatives like...
Persistent link: https://www.econbiz.de/10013315125
The COVID-19 pandemic could result in large government interventions in the banking industry. To shed light on the possible consequences on market power, we rely on the experience of the global financial crisis and exploit granular data on government interventions in more than 800 banks across...
Persistent link: https://www.econbiz.de/10013250086
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the …
Persistent link: https://www.econbiz.de/10013250099
The recent financial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in … monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this … trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the over …
Persistent link: https://www.econbiz.de/10012950372
are only effective when bank executives' mobility is restricted. It also suggests, irrespective of the degree of labor … market mobility, bonus caps simultaneously reduce risk shifting by bank executives (too much risk taking because of limited … liability), but aggravate underinvestment (bank executives foregoing risky but productive projects). Hence, the welfare effects …
Persistent link: https://www.econbiz.de/10012950435