Report NEP-CBA-2021-12-20

This is the archive for NEP-CBA, a report on new working papers in the area of Central Banking. Sergey Pekarski issued this report. It is usually issued weekly.

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Other reports in NEP-CBA

The following items were announced in this report:

• Chun-Che Chi & Stephanie Schmitt-Grohé & Martín Uribe, 2021, "Optimal Bank Reserve Remuneration and Capital Control Policy," NBER Working Papers, National Bureau of Economic Research, Inc, number 29473, Nov.
• Ozili, Peterson K, 2022, "Can central bank digital currency increase financial inclusion? Arguments for and against," MPRA Paper, University Library of Munich, Germany, number 110786.
• Skouralis, Alexandros, 2021, "The role of systemic risk spillovers in the transmission of Euro Area monetary policy," ESRB Working Paper Series, European Systemic Risk Board, number 129, Dec.
• Dávila, Eduardo & Walther, Ansgar, 2021, "Prudential policy with distorted beliefs," ESRB Working Paper Series, European Systemic Risk Board, number 130, Dec.
• van den End, Jan Willem & Konietschke, Paul & Samarina, Anna & Stanga, Irina M., 2021, "Macroeconomic reversal rate in a low interest rate environment," Working Paper Series, European Central Bank, number 2620, Dec.
• Bańkowski, Krzysztof & Christoffel, Kai & Faria, Thomas, 2021, "Assessing the fiscal-monetary policy mix in the euro area," Working Paper Series, European Central Bank, number 2623, Dec.
• Santiago Camara, 2021, "Spillovers of US Interest Rates: Monetary Policy & Information Effects," Papers, arXiv.org, number 2111.08631, Nov, revised Feb 2023.
• William Craighead, 2021, "Exchange Rates and Monetary Policy When Tradable and Nontradable Goods are Complements," Working Papers, Department of Economics and Geosciences, US Air Force Academy, number 2021-01, Aug.
• E Philip Davis & Ka Kei Chan & Dilruba Karim, 2021, "Macroprudential Policy, Bank Competition and Bank Risk in East Asia," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 533, Dec.
• Tsang, Andrew, 2021, "Uncovering Heterogeneous Regional Impacts of Chinese Monetary Policy," MPRA Paper, University Library of Munich, Germany, number 110703, Jul.
• Mr. Pragyan Deb & Miss Sanaa Nadeem & Mr. Shanaka J Peiris, 2021, "The Transmission of External Shocks in Asia: Country Characteristics and Policy Responses," IMF Working Papers, International Monetary Fund, number 2021/003, Jan.
• Sebastian Edwards, 2021, "Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge," NBER Working Papers, National Bureau of Economic Research, Inc, number 29489, Nov.
• Chiara Fratto & Brendan Harnoys Vannier & Borislava Mircheva & David de Ferranti & Ms. Hélène Poirson, 2021, "Unconventional Monetary Policies in Emerging Markets and Frontier Countries," IMF Working Papers, International Monetary Fund, number 2021/014, Jan.
• Alexis Stenfors & Ioannis Chatziantoniou & David Gabauer, 2021, "The Evolution of Monetary Policy Focal Points," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2021-10, Dec.
• Javier Bianchi & Guido Lorenzoni, 2021, "The Prudential Use of Capital Controls and Foreign Currency Reserves," NBER Working Papers, National Bureau of Economic Research, Inc, number 29476, Nov.
• Couaillier, Cyril, 2021, "What are banks’ actual capital targets?," Working Paper Series, European Central Bank, number 2618, Dec.
• Mr. Gee Hee Hong & Ms. Deniz O Igan & Dongyeol Lee, 2021, "Zombies on the Brink: Evidence from Japan on the Reversal of Monetary Policy Effectiveness," IMF Working Papers, International Monetary Fund, number 2021/044, Feb.
• Mr. Peter Stella & Mr. Manmohan Singh, 2021, "Some Alternative Monetary Facts," IMF Working Papers, International Monetary Fund, number 2021/006, Jan.
• Marco Pinchetti & Andrzej Szczepaniak, 2021, "Global spillovers of the Fed information effect," Bank of England working papers, Bank of England, number 952, Nov.
• Lee, Seungcheol & Luetticke, Ralph & Ravn, Morten O., 2021, "Financial frictions: micro vs macro volatility," Working Paper Series, European Central Bank, number 2622, Dec.
• Jonathan Bridges & Georgina Green & Mark Joy, 2021, "Credit, crises and inequality," Bank of England working papers, Bank of England, number 949, Nov.
• Zaretski, Aliaksandr, 2021, "Financial constraints, risk sharing, and optimal monetary policy," MPRA Paper, University Library of Munich, Germany, number 110757, May.
• Ojo, Marianne & Dierker, Theodore, 2021, "Monetary policy implications of deviations in inflation targeting: the need for a global cooperative, coordinated and correlated response," MPRA Paper, University Library of Munich, Germany, number 110935, Dec.
• Mr. Jan Vlcek & Mikhail Pranovich, 2020, "Quarterly Projection Model for the National Bank of Rwanda," IMF Working Papers, International Monetary Fund, number 2020/295, Dec.
• Philippe Bacchetta & Elena Perazzi, 2021, "CBDC as Imperfect Substitute for Bank Deposits: A Macroeconomic Perspective," Swiss Finance Institute Research Paper Series, Swiss Finance Institute, number 21-81, Dec.
• Carlo Pizzinelli & Kotaro Ishi & Tariq Khan, 2021, "Assessing Banking and Currency Crisis Risk in Small States: An application to the Eastern Caribbean Currency Union," IMF Working Papers, International Monetary Fund, number 2021/276, Nov.
• Lilian Muchimba, 2021, "Could transaction-based financial benchmarks be susceptible to collusive behaviour?," Working Papers in Economics & Finance, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, number 2021-11, Dec.
• Defina, Ryan, 2021, "Banking Resolution: Expansion of the Resolution Toolkit and the Changing Role of Deposit Insurers," MPRA Paper, University Library of Munich, Germany, number 110801, Aug.
• Faccia, Donata & Parker, Miles & Stracca, Livio, 2021, "Feeling the heat: extreme temperatures and price stability," Working Paper Series, European Central Bank, number 2626, Dec.
• Mr. Itai Agur, 2021, "Politically Robust Financial Regulation," IMF Working Papers, International Monetary Fund, number 2021/001, Jan.
• Katsutoshi Takehana & Hisashi Tanizaki, 2021, "How did the Complementary Deposit Facility affect commercial bank fs demand for reserve? Empirical analysis using bank fs financial data," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 21-17, Nov.
• Jeanne, Olivier, 2021, "Rounding the corners of the trilemma: A simple framework," Economics Working Paper Archive, The Johns Hopkins University,Department of Economics, number 66655, Oct.
• Markkula, Tuomas & Takalo, Tuomas, 2021, "Competition and regulation in the Finnish ATM industry," BoF Economics Review, Bank of Finland, number 8/2021.
• Mr. Simon T Gray, 2021, "Recognizing Reality—Unification of Official and Parallel Market Exchange Rates," IMF Working Papers, International Monetary Fund, number 2021/025, Feb.
• Nick James & Kevin Chin, 2021, "On the systemic nature of global inflation, its association with equity markets and financial portfolio implications," Papers, arXiv.org, number 2111.11022, Nov, revised Jan 2022.
• Luca Benati & Juan-Pablo Nicolini, 2021, "The Welfare Costs of Inflation," Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft, number dp2113, Aug.
• Fernando E. Alvarez & Andrea Ferrara & Erwan Gautier & Hervé Le Bihan & Francesco Lippi, 2021, "Empirical Investigation of a Sufficient Statistic for Monetary Shocks," NBER Working Papers, National Bureau of Economic Research, Inc, number 29490, Nov.
• Rösl, Gerhard & Seitz, Franz, 2021, "Cash demand in times of crises," Weidener Diskussionspapiere, University of Applied Sciences Amberg-Weiden (OTH), number 83.