ECB Tower
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Frankfurt am Main
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London
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European Central Bank, Financial Research Division
Central Bank Digital Currency, digital money, financial stability, monetary policy, payments
Central Bank Digital Currency, Digital Money, Payments, Monetary Policy, Financial Stability
central bank digital currency, digital platforms, financial intermediation, payments, privacy
Information contagion, counterparty risk, common exposure, systemic risk
Macroprudential policies, FX regulations, Banking flows, International debt issuance
Macroprudential policies, FX regulations, banking flows, international debt issuance
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Banking flows, FX regulations, International debt issuance, macroprudential policies
amplification, financial crises, global games, information choice
Cyber security, financial markets, platforms, ransomware, principal-agent
Money Market Funds, Safe Assets, Global Games, Financial Fragility.
asset encumbrance, covered bonds, financial fragility, guarantees, rollover risk, wholesale funding
contagion, coordination failure, global games, information acquisition
Demand deposits, interbank deposits, aggregate liquidity shock, financial contagion, computational equilibrium
global games, multiplicity, portfolio choice, wholesale funding
technology in banking, entrepreneurship, information technology, collateral, screening, banks' IT adoption, importance of information technology, IT in banking, startup activity, bank screening, Collateral, Self-employment, Employment, Job creation
Collateral, entrepreneurship, Information Technology, screening, technology in banking
bank runs, demand deposits, global games, liquidity provision, safe assets,
bank run, contagion, financial crises, fundamental re-assessment., global games, information choice, wake-up call
bank run, contagion, financial crises, fundamental re-assessment, global games, Information Choice, wake-up call
rollover risk, monetary policy, fragility, global games, funding liquidity risk channel.
Central Bank Digital Currency, Privacy, Payments, Digital Platforms, Financial Intermediation
Central bank digital currency, Digital Platforms, Financial Intermediation, Payments, privacy
asset encumbrance, encumbrance limits, encumbrance surcharges, fragility, rollover risk, runs, secured debt, unsecured debt, wholesale funding
bank borrowing, fragility, funding liquidity risk channel, global games, real interest rates, rollover risk
adverse selection, Government Sponsored Enterprises, market liquidity, mortgage guarantees, pecuniary externality, Pigouvian subsidy
bank borrowing, rollover risk, fragility, real interest rates, global games, funding liquidity risk channel
absolute safety, capital flows, safe haven, unstable funding
Adverse Selection, Government Sponsored Enterprises, market liquidity, Mortgage guarantees, Pecuniary externality, Pigouvian subsidy
