Banks in the changing world of financial intermediation McKinsey (2018-11-13)
Banks sit at the center of a vast, complex system that intermediates more than $250 trillion in global funds. What happens when the system itself is significantly streamlined and reshaped? A decade after a financial .. more | Bank capital constraints, credit supply and economic activity Bank of Italy (2018-11-13)
This paper evaluates the short-term effects of an increase in bank capital (defined as the ratio between common equity and risk-weighted assets). The analysis, which is based on different episodes of changes in the de .. more | Equilibrium Yield Curve, the Phillips Curve, and Monetary Policy IMF (2018-11-13)
Upward sloping yield curves are hard to reconcile with the positive association between income and inflation (the Phillips curve) in consumption-based asset pricing models. Using US and UK data, this paper shows inflatio .. more |
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