Search Results

Showing results 1 to 10 of approximately 15.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Allen, Franklin 

Conference Paper
The role of liquidity in financial crises

Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
Bank competition and the role of regulation

Market discipline for financial institutions can be imposed not only from the liability side, as has often been stressed in the literature on the use of subordinated debt, but also from the asset side. This will be particularly true if good lending opportunities are in short supply, so that banks have to compete for projects. In such a setting, borrowers may demand that banks commit to ?monitoring? by requiring that they use some of their own capital in lending, thus creating a market-based incentive for banks to hold capital that stems purely from the asset side of the bank?s balance sheet. ...
Proceedings , Paper 977

Working Paper
Fintech, Cryptocurrencies, and CBDC: Financial Structural Transformation in China”

Fintech and decentralized finance have penetrated all areas of the financial system and have improved financial inclusion in the last decade. In this paper, we review the recent literature on fintech, cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). There are important implications from the rise of fintech and the introduction of stablecoins and CBDCs in recent years. We provide an overview of China’s experience in fintech, focusing on payments, digital banking, fintech lending, and the recent progress on its CBDC pilots (e-CNY). We also discuss important ...
Working Papers , Paper 22-12

Working Paper
Credit market competition and capital regulation

Market discipline for financial institutions can be imposed not only from the liability side, as has often been stressed in the literature on the use of subordinated debt, but also from the asset side. This will be particularly true if good lending opportunities are in short supply, so that banks have to compete for projects. In such a setting, borrowers may demand that banks commit to monitoring by requiring that they use some of their own capital in lending, thus creating an asset market-based incentive for banks to hold capital. Borrowers can also provide banks with incentives to monitor ...
Finance and Economics Discussion Series , Paper 2006-11

Working Paper
A welfare comparison of intermediaries and financial markets in Germany and the U.S

Working Papers , Paper 95-3

Conference Paper
The changing nature of debt and equity; a financial perspective

Conference Series ; [Proceedings] , Volume 33 , Pages 12-48

Working Paper
On Interest Rate Policy and Asset Bubbles

In a provocative paper, Gal (2014) showed that a policymaker who raises interest rates to rein in a potential bubble will only make a bubble bigger if one exists. This poses a challenge to advocates of lean-against-the-wind policies that call for raising interest rates to mitigate potential bubbles. In this paper, we argue there are situations in which the lean-against-the wind view is justified. First, we argue Gal?s framework abstracts from the possibility that a policymaker who raises rates will crowd out resources that would have otherwise been spent on the bubble. Once we modify Gal?s ...
Working Paper Series , Paper WP-2017-16

Working Paper
A Survey of Fintech Research and Policy Discussion

The intersection of finance and technology, known as fintech, has resulted in the dramatic growth of innovations and has changed the entire financial landscape. While fintech has a critical role to play in democratizing credit access to the unbanked and thin-file consumers around the globe, those consumers who are currently well served also turn to fintech for faster services and greater transparency. Fintech, particularly the blockchain, has the potential to be disruptive to financial systems and intermediation. Our aim in this paper is to provide a comprehensive fintech literature survey ...
Working Papers , Paper 20-21

Conference Paper
Competition and financial stability

Competition policy in the banking sector is complicated by the necessity of maintaining financial stability. Greater competition may be good for (static) efficiency, but bad for financial stability. From the point of view of welfare economics, the relevant question is: what are the efficient levels of competition and financial stability? We use a variety of models to address this question and find that different models provide different answers. The relationship between competition and stability is complex: sometimes competition increases stability.
Proceedings

Working Paper
Universal banking, intertemporal risk smoothing, and European financial integration

Working Papers , Paper 95-6

FILTER BY year

FILTER BY Content Type

FILTER BY Author

Gale, Douglas 5 items

Jagtiani, Julapa 4 items

Carletti, Elena 3 items

Goldstein, Itay 2 items

Marquez, Robert 2 items

show more (4)

FILTER BY Jel Classification

G18 4 items

G21 4 items

G28 4 items

L21 2 items

E43 1 items

E52 1 items

show more (4)

FILTER BY Keywords

PREVIOUS / NEXT