Results 11 to 20 of about 356,326 (313)
Central Bank Digital Currency: Central Banking For All? [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 2020 The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits. Yet, since a central bank is not an investment expert, it cannot invest in long-term projects itself, but relies on investment banks to do so.
Jesús Fernández-Villaverde +3 more
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Central bank transparency and central bank communication: Editorial introduction [PDF]
European Journal of Political Economy, 2007 Abstract Central banks now tend to attach greater importance to communication with the public than formerly was the case. Although the trend towards more transparency is justified by central bank accountability, it is less obvious that more central bank transparency is also beneficial from an economic point of view.
Eijffinger, S.C.W. +2 more
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Is Bank Supervision Central to Central Banking? [PDF]
The Quarterly Journal of Economics, 1999 Whether central banks should play an active role in bank supervision and regulation is being debated both in the United States and abroad. While the Bank of England has recently been stripped of its supervisory responsibilities and several proposals in the United States have advocated removing bank supervision from the Federal Reserve System, other ...
Joe Peek +2 more
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Is Banking Supervision Central to Central Banking? [PDF]
SSRN Electronic Journal, 1998 Whether central banks should play an active role in bank supervision and regulation is being debated both in the United States and abroad. While the Bank of England has recently been stripped of its supervisory responsibilities and several proposals in the United States have advocated removing bank supervision from the Federal Reserve System, other ...
Joe Peek +2 more
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Review of European Studies, 2022 This article examines the central banks of three countries with no membership of the eurozone or the us-dollar zone: the ‘Bank of England’, the ’Norges Bank’ and the ‘Bank of Canada / Banque du Canada.’ It uses a descriptive, factual analysis including a short history, their structure and ...
Herman Matthijs, Mark Scholliers
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, 2020 During the past decades, central banks acquired considerable independence from democratic institutions under the Central Bank Independence (CBI) template. Yet, the changing role of central banks since the 2007–2008 crisis has led to a (re)politicization of central banking and has weakened the scientific and political consensus on the CBI model. In turn,
Fontan, Clément, Larue, Louis
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Central Banking without Central Bank Money
IMF Working Papers, 1999 Given the rapidly declining demand for central bank reserves and their gradual replacement in wholesale payments by alternative forms of money—clearinghouse moneyand treasury money—this paper discusses whether the complete extinction of base money could undermine monetary control.
Alain Ize, Arto Kovanen, Timo Henckel
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Introduction to Central Banking
, 2021 This open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional instruments used in advanced economies and the unconventional instruments that have been widely adopted since the financial crisis of 2007–2008.
Bindseil, Ulrich, Fotia, Alessio
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Centrally Banked Cryptocurrencies [PDF]
Proceedings 2016 Network and Distributed System Security Symposium, 2016 Current cryptocurrencies, starting with Bitcoin, build a decentralized blockchain-based transaction ledger, maintained through proofs-of-work that also generate a monetary supply. Such decentralization has benefits, such as independence from national political control, but also significant limitations in terms of scalability and computational cost.
Danezis, George, Meiklejohn, Sarah
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How long can austerity persist? The factors that sustain fiscal consolidations
European Journal of Government and Economics, 2013 To put public debt on a sustainable path, many governments face the task of enacting large fiscal consolidation followed by years of sustained primary surpluses.
David Lodge, Marta Rodriguez-Vives
doaj +3 more sources