Concept
Base monétaire
Publications associées (5)
Design choices for Central Bank Digital Currency
Bryan Alexander Ford, Fan Zhang, Srdan Capkun, Ari Juels
Central banks around the world are exploring and in some cases even piloting central bank digital currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer p ...
Brookings Institution2020The Euro Interbank Repo Market
Loriano Mancini, Angelo Ranaldo
The search for a market design that ensures stable bank funding is at the top of regulators' policy agenda. This paper empirically shows that the central counterparty (CCP)-based euro interbank repo market features this stability. Using a unique and compre ...
Oxford University Press2016Developing Offer Curves for an Electric Railway Company in Reserve Markets Based on Robust Energy and Reserve Scheduling
Mokhtar Bozorg, Ali Ahmadi Khatir
This paper proposes an appropriate offering strategy method for an electric railway company (ERC) to participate in reserve markets. In this respect, first the problem of energy and reserve scheduling for the ERC is modeled in a deterministic way. Next, a ...
Ieee-Inst Electrical Electronics Engineers Inc2016Optimal Monetary and Fiscal Policy in the EMU: Does Fiscal Policy Coordination matter?
I develop and analyze a DSGE model of a currency union to revise the question of how to conduct monetary and fiscal policy in countries that share the same currency. In contrast with the previous literature which assumes coordination, this paper analyzes t ...
Center for Fiscal Policy Working Paper Series2009Optimal Fiscal Policy in a Monetary Union
We study optimal fiscal policy in a monetary union where monetary policy is decided by an independent central bank. We consider a two-country model with trade in goods and assets, augmented with sticky prices, labor income taxes and stochastic government c ...
Center for Fiscal Policy Working Paper Series2007