Results 21 to 30 of about 209 (98)
Journal of Money, Credit and Banking, EarlyView.Abstract We evaluate whether deposit insurance (DI) promotes liquidity by influencing depositor behavior. We use the postal savings (PS) system and state‐adopted DI schemes during the 1920s to examine the effect of bank suspensions on PS deposit growth in pairs of border cities (DI versus non‐DI).
Lee K. Davison, Carlos D. Ramirez
wiley +1 more source
Banking with Inside Money: An Efficiency Analysis
Journal of Money, Credit and Banking, EarlyView.Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO +1 more
wiley +1 more source
Central Bank Digital Currency with Collateral‐Constrained Banks
Journal of Money, Credit and Banking, EarlyView.Abstract We analyze risks to bank intermediation following the introduction of a central bank digital currency (CBDC) competing with commercial bank deposits as households' source of liquidity. We revisit the equivalence of payment systems result, introducing a collateral constraint on banks' borrowing from the central bank.
HANFENG CHEN, MARIA ELENA FILIPPIN
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Monetary easing, liquidity, and profitability: Banks at the zero lower bound during COVID‐19
Review of Financial Economics, Volume 44, Issue 3, July 2026.Abstract In March 2020, during the first quarter of the COVID‐19 pandemic, the Federal Reserve System (Fed) in the U.S. took major decisions within the scope of conventional monetary policy by eliminating reserve requirements for banks and bringing the federal funds rate near zero, toward the so‐called zero lower bound (ZLB).
Mohammad Saiful Islam +2 more
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Production Gaps Among Farmers With Disabilities Are Associated With Limited Technology
Agricultural Economics, Volume 57, Issue 4, July 2026.ABSTRACT In sub‐Saharan Africa, agriculture is vital; however, the systematic exclusion of persons with disabilities from farming hinders sustainable development and social equity. Although several studies have analyzed productivity differentials across various dimensions of social exclusion, empirical evidence on technology access, farming efficiency,
Francis Tsiboe +2 more
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Mathematical Finance, Volume 36, Issue 3, Page 595-619, July 2026.ABSTRACT We introduce a dynamic and stochastic interbank model with an endogenous notion of distress contagion, arising from rational worries about future defaults and ensuing losses. This entails a mark‐to‐market valuation adjustment for interbank claims, leading to a forward‐backward approach to the equilibrium dynamics whereby future default ...
Zachary Feinstein, Andreas Søjmark
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Macroeconomic Expectations in a War
Scottish Journal of Political Economy, Volume 73, Issue 3, July 2026.ABSTRACT Using short‐ and long‐term macroeconomic forecasts, we estimate the projected cost of the Russian full‐scale invasion of Ukraine for countries in Eastern Europe, the Caucasus, and Central Asia. Shortly after the invasion, the projected cumulative cost over 6 years stood at $2.44 trillion for the region.
Yuriy Gorodnichenko, Vittal Vasudevan
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Can Central Bank Digital Currencies Promote the Internationalization of Currencies?
European Financial Management, Volume 32, Issue 3, Page 994-1004, June 2026.ABSTRACT Using multinational data (2000–2023), this study employed system GMM and fixed‐effects models to examine CBDC's impact on currency internationalization through a framework measuring ‘market acceptance’ and ‘policy drive.’ The results indicated that CBDC advancement significantly promotes currency internationalization.
Haodong Gu
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Hampered Monetary Policy Transmission ‐ A Supply‐Side Story?
Journal of Money, Credit and Banking, Volume 58, Issue 4, Page 1051-1087, June 2026.Abstract This paper shows that the supply side of credit is a major factor for hampered monetary policy transmission in monopolistic banking markets. Our stress test data containing projected interest rates of all 1,555 small and medium‐sized banks in Germany under two hypothetical scenarios provide a clear way to partial out demand shocks that are ...
LOTTA HECKMANN‐DRAISBACH, JULIA HARDT
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Blockchain application for central bank digital currencies (CBDC). [PDF]
Cluster Comput, 2023 Sethaput V, Innet S.
europepmc +1 more source