Blog entry by Thorsten Beck, January 26, 2022 Complexity of banks poses governance and regulatory challenges – the more complex, the harder to govern and monitor and the harder to supervise and resolve in case of failure. And especially global banks are mind-bogglingly complex, as first documented by Nicola Cetorelli and Linda Goldberg. But what[…]
By Stephen Millard, Margarita Rubio and Alexandra Varadi We use a DSGE model with financial frictions, leverage limits on banks, loan to value (LTV) limits and debt‑service ratio (DSR) limits on mortgage borrowing to examine: i) the effects of different macroprudential policies on key macro aggregates; ii) their interaction with each other and with monetary[…]
CfP Deadline Date: February 10, 2022 Conference Event: May 4-6, 2022 Event Location: Helsinki, Finland Organizer(s): The CEPR Network on Household Finance and Aalto University The CEPR Network on Household Finance and Aalto University are organising the Seventh European Workshop on Household Finance on 4-6 May 2022 with the support of the EDHEC, London Business School and Swedish House of[…]
Author(s): Alexander Plekhanov and Marta Skrzypińska Date: January 2022 Abstract: This paper sheds light on the effectiveness of policies addressing high non-performing loans (NPLs). Using data on ownership of subsidiaries of foreign banks in Emerging Europe, we first show that changes in NPLs of parent banks are associated with changes in NPLs of their foreign affiliates,[…]
by Benny Hartwig, Christoph Meinerding, and Yves S. Schüler In the aftermath of the global financial crisis, a consensus rapidly emerged that systemic risk – a central concept in financial stability – needed to be contained going forward. However, to this day experts cannot agree on how to measure systemic risk in the first place,[…]
By the US Federal Reserve System This paper examines the pros and cons of a potential U.S. central bank digital currency, or CBDC, and is the first step in a discussion of whether and how a CBDC could improve the safe and efficient domestic payments system. Money and Payments: The U.S. Dollar in the Age[…]
Author(s): Stefan Avdjiev, and Maximilian Jager Date: January 2022 Abstract: We investigate the patterns and implications of bank opacity in Europe using a rich bank-level data set. Employing a novel event study methodology, we document that public data releases by the European Banking Authority (EBA) on banks’ exposures to individual countries and sectors contained information[…]
CfP Deadline Date: May 29, 2022 Conference Event: November 12, 2022 Event Location: Amsterdam, the Netherlands Keynote speaker(s): Barry Eichengreen (University of California, Berkeley and CEPR) Organizer(s): Erasmus University Rotterdam, University of Amsterdam, CEPR, and Tilburg University This is the second edition of an annual conference series on the Political Economy of Finance. The series[…]
CfP Deadline Date: March 1, 2022 Conference Event: May 23-24, 2022 Event Location: Vienna, Austria Organizer(s): SUERF – The European Money and Finance Forum and the Oesterreichische Nationalbank (OeNB) SUERF – The European Money and Finance Forum and the Oesterreichische Nationalbank (OeNB) invite researchers to submit papers for the 35th SUERF Colloquium and 49th OeNB[…]
CfP Deadline Date: March 31, 2022 Conference Event: August 10-11, 2022 Event Location: Ottawa, Canada Organizer(s): Bank of Canada The International Journal of Central Banking (IJCB) is organising its 2022 annual conference, “The New Financial Landscape for Central Banks”. The conference will be hosted by the Bank of Canada in Ottawa on 10-11 August 2022.[…]