The effects of prudential regulation, financial development and financial openness on economic growth BIS (2018-10-09)
This paper studies the effects of prudential regulation, financial development, and financial openness on economic growth. Using both existing models and a new OLG framework with banking and prudential regulation in the .. more | Assessing the Impact of Central Bank Digital Currency on Private Banks FRB of St. Louis (2018-10-09)
In this paper, I investigate the impact of central bank digital currency (CBDC) on banks in a model where the banking sector that is not perfectly competitive. The theoretical framework combines the Diamond (1965) model .. more | How Will Persistent Low Expected Returns Shape Household Economic Behavior? NBER (2018-10-09)
Many believe that global capital markets will generate lower returns in the future versus the past. We examine how persistently lower real returns will reshape work, retirement, saving, and investment behavior of older p .. more |
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