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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
Cybersecurity and Financial Stability
SSRN Electronic Journal, 2022Cyber attacks can impair banks operations and precipitate bank runs. When digital infrastructure is shared, banks defend themselves by investing in cybersecurity but can free-ride on the security measures of others. Ex ante free-riding by banks interacts with the ex post coordination frictions underpinning bank runs.
Anand, Kartik +2 more
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Financial stability in Brazil [PDF]
, 2013 This paper proposes a working definition for “financial stability” related to systemic risk. Systemic risk is then measured as the probability of disruption of financial services taking into account its time and cross-sectional dimensions and several risk factors.
Luiz A. Pereira da Silva +2 more
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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 ...
Franklin Allen, Ansgar Walther
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Financial Deepening and Financial Stability
2021The cultivation and regulation of the financial system has been a key component of the Chinese economy’s reform and opening-up process over the past 40 years. In this section, we will focus on some stylized facts and provide a brief history of the cultivation and regulation of the financial system over the past 40 years of reform and opening-up before ...
David Daokui Li +5 more
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Financial Liberalization and Financial Stability
SSRN Electronic Journal, 2018This paper examines the effect of financial liberalization on the financial stability of an economy using changes in sovereign credit ratings as the measure of financial stability. Using a panel dataset from 1970 to 2014, comprising of all the countries rated by Standard and Poor’s, Moody’s or Fitch, we employ system generalized method of moment ...
Yasir Riaz +2 more
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Financial instruments, financial reporting, and financial stability
Accounting and Business Research, 2012I review new empirical evidence from the recent financial crisis on the relation between financial reporting and financial stability.
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The Concept Of Financial Stability And Financial Stability Index For Turkey
Ekonomik Yaklasim, 2016Abstract: The purpose of this study is to develop a financial stability index which comprises of several indicators, by drawing a conceptual framework and components of financial stability and current literature to ascertain and evaluate the Turkeys financial position.
Faruk Sanar, Mahmut Kara
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The Quest for Stability: The Financial Stability View [PDF]
, 2010 On September 3-4, 2009 SUERF and Utrecht University School of Economicsorganized the Colloquium "The Quest for Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium.
Henk J. Brouwer +4 more
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