Showing 1 - 10 of 42
Persistent link: https://www.econbiz.de/10009764679
Persistent link: https://www.econbiz.de/10009577892
Persistent link: https://www.econbiz.de/10011731810
Persistent link: https://www.econbiz.de/10011618655
Persistent link: https://www.econbiz.de/10012120579
We develop a model where banks invest in reserves and loans, and face aggregate liquidity shocks. Banks with liquidity shortage sell loans on the interbank market. Two equilibria emerge. In the no default equilibrium, all banks hold enough reserves and remain solvent. In the mixed equilibrium,...
Persistent link: https://www.econbiz.de/10013057257
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model of financial intermediation with an endogenously determined probability of a bank run, using global games. As an alternative to bank deposits, consumers can also store...
Persistent link: https://www.econbiz.de/10013553428
The architecture of supervision - how we define the allocation of supervisory powers to different policy institutions - can have implications for policy conduct and for the economic and financial environment in which these policies are implemented. Theoretically, an integrated structure for...
Persistent link: https://www.econbiz.de/10012009232
What is the effect of Central Bank Digital Currency (CBDC) on financial stability? We answer this question by studying a model of financial intermediation with an endogenously determined probability of a bank run, using global games. As an alternative to bank deposits, consumers can also store...
Persistent link: https://www.econbiz.de/10014257360
Persistent link: https://www.econbiz.de/10011700947