Central bank digital currency: A review and some macro-financial implications

H Chen, PL Siklos - Journal of Financial Stability, 2022 - Elsevier
Abstract Central Bank Digital Currencies (CBDC) have attracted considerable interest and
its deployment on a global scale is imminent. However, CBDC face several challenges …

[HTML][HTML] What keeps stablecoins stable?

RK Lyons, G Viswanath-Natraj - Journal of International Money and …, 2023 - Elsevier
Using trades between the stablecoin treasury and private investors, we quantify how
improved arbitrage design stabilizes the price of the dominant stablecoin, Tether. We identify …

Asymmetric volatility connectedness on the forex market

J Baruník, E Kočenda, L Vácha - Journal of International Money and …, 2017 - Elsevier
We show how bad and good volatility propagate through the forex market, ie, we provide
evidence for asymmetric volatility connectedness on the forex market. Using high-frequency …

Channels of US monetary policy spillovers to international bond markets

E Albagli, L Ceballos, S Claro, D Romero - Journal of Financial Economics, 2019 - Elsevier
We show significant US monetary policy (MP) spillovers to international bond markets. Our
methodology identifies US MP shocks as the change in short-term Treasury yields around …

The prudential use of capital controls and foreign currency reserves

J Bianchi, G Lorenzoni - Handbook of International Economics, 2022 - Elsevier
We provide a simple framework to study the prudential use of capital controls and currency
reserves that have been explored in the recent literature. We cover the role of both …

[图书][B] A quantitative model for the integrated policy framework

MT Adrian, CJ Erceg, J Lindé, P Zabczyk, MJ Zhou - 2020 - books.google.com
Many central banks have relied on a range of policy tools, including foreign exchange
intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of …

[图书][B] Foreign exchange intervention: A dataset of public data and proxies

G Adler, KS Chang, R Mano, Y Shao - 2021 - books.google.com
Foreign exchange intervention (FXI) is a highly debated topic. Yet, comprehensive and
comparable data on FXI is hard to find. This paper provides a new dataset of FXI covering a …

Understanding the dynamics of foreign reserve management: The central bank intervention policy and the exchange rate fundamentals

IU Akdogan - International Economics, 2020 - Elsevier
The aim of this study is to examine the behaviour of central banks in managing their foreign
exchange reserves. This includes measuring the effects of macroeconomic fundamentals on …

International macroeconomics with imperfect financial markets

M Maggiori - Handbook of international economics, 2022 - Elsevier
A review of recent advances in open economy analysis under segmented international
financial markets. A set of modeling tools that have been used to understand financial crises …

[图书][B] Central bank policy: Theory and practice

P Warjiyo, SM Juhro - 2019 - emerald.com
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