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Financial development and economic growth in Sub-Saharan Africa using system GMM analysis. [PDF]
Ergano TY, Rao SP.
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DebtStreamness: an ecological approach to credit flows in interfirm networks. [PDF]
Rodríguez-Martínez A +5 more
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SSRN Electronic Journal, 2023
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 their wealth in remunerated CBDC issued by the central bank.
Ahnert, Toni +3 more
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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 their wealth in remunerated CBDC issued by the central bank.
Ahnert, Toni +3 more
openaire +2 more sources
Financial Architecture and Financial Stability
SSRN Electronic Journal, 2020This article studies the links between financial stability and the architecture of financial systems. We review the existing literature and provide organizing frameworks for analyzing three empirically important aspects of financial architecture: the rise of nonbank financial intermediaries, the regulatory response to these structural changes, and the ...
Allen, F, Walther, A
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Cybersecurity and financial stability
Review of Finance, 2022Abstract Cyber risk exposes banks to operational disruptions that can trigger runs. A bank chooses its cybersecurity by trading off protection against attacks with remaining resilient if an attack succeeds. Cybersecurity functions as a risk-management decision: it reduces the bank’s exposure to adverse outcomes but entails lower ...
Anand, Kartik +2 more
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