Concept
Central bank
Related publications (51)
Tiers of joy? Reserve tiering and bank behavior in a negative-rate environment
Negative interest rate regimes typically involve reserve tiering to exempt a portion of bank reserves from negative rates. We study the effects on bank behavior of a large and unanticipated change in reserve tiering by the Swiss National Bank that generate ...
2024Can one hear the shape of a target zone?
We develop an exchange rate target zone model with finite exit time and non-Gaussian tails. We show how the tails are a consequence of time-varying investor risk aversion, which generates mean-preserving spreads in the fundamental distribution. We solve ex ...
2023Wellbeing and sufficiency in SWICE
SWICE (Sustainable Wellbeing for the Individual and the Collectivity in the Energy transition) aims to answer: how to improve wellbeing for all with a much lower energy use? Wellbeing is a state of thriving, which involves full participation in society, a ...
2023Towards mainstreaming of shared spaces as a basis for sustainable wellbeing for all
Like other rich countries, Switzerland is using energy and material at a per-capita rate far above the world average, contributing to multiple crises of climate, biodiversity, pollution, and numerous factors of human wellbeing, especially health, inequalit ...
Lulu Press2023Dissipative Embedded Column Bases for Enhanced Seismic Performance of Steel Moment Resisting Frames
Dimitrios Lignos, Albano António De Abreu E Presa De Castro E Sousa, Hiroyuki Inamasu
This paper presents an innovative design concept for embedded column base (ECB) connections. The developed ECB connection achieves a non-degrading hysteretic response. In the proposed ECB connections, the dissipative zone is shifted into the embedded porti ...
EEME2023Monetary Independence And Rollover Crises
This article shows that the inability to use monetary policy for macroeconomic stabilization leaves a government more vulnerable to a rollover crisis. We study a sovereign default model with self-fulfilling rollover crises, foreign currency debt, and nomin ...
OXFORD UNIV PRESS INC2022Essays in Monetary Policy and Asset Pricing
This thesis uses machine learning techniques and text data to investigate the relationships that arise between the Fed and financial markets, and their consequences for asset prices.The first chapter, entitled Market Expectations and the Impact of Unconven ...
EPFL2022Essays in Financial Economics
This thesis consists of two chapters that study separate subjects in the area of corporate finance.The first chapter, titled âEconomic Gains in Bank Mergers and Acquisitions â Evidence from Targetsâ, investigates economic gains in bank mergers and ac ...
EPFL2022Asset Pricing and Monetary Policy
Classical theory asserts that the formation of prices is the result of aggregated decisions ofeconomics agent such as households or corporation. However central banks are very importantagents that have often been neglected in asset pricing models. Central ...
EPFL2022Development of dissipative embedded columns base connections for mitigating column axial shortening
Dimitrios Lignos, Albano António De Abreu E Presa De Castro E Sousa, Hiroyuki Inamasu
This paper proposes an innovative design concept for embedded column base (ECB) connections featuring wide flange steel columns. The developed ECB connection achieves a non-degrading hysteretic response up to lateral drift demands associated with low proba ...
Springer Nature2022