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Uploaded: Feb 24, 2025

Toni Ahnert, Peter Hoffmann, Agnese Leonello, Davide Porcellacchia | Working Paper No. 00100-04

Central Bank Digital Currency and Financial Stability

We develop a model of financial intermediation with remunerated Central Bank Digital Currency (CBDC) as consumers’ alternative to...

Uploaded: Jan 1, 2025

Andrey Malenko, Nadya Malenko | Working Paper No. 00158-00

Voting Choice

Traditionally, fund managers cast votes on behalf of fund investors. Recently, there is a shift towards "pass-through voting,"...

Uploaded: Jan 1, 2025

Toni Ahnert, Christoph Bertsch, Agnese Leonello, Robert Marquez | Working Paper No. 00159-00

Bank fragility and risk management

Shocks to a bank’s ability to raise liquidity at short notice can trigger depositor panics. Why don’t banks...

Uploaded: Mar 22, 2025

Adam Zawadowski | Working Paper No. 00055-01

Tragedy of Complexity

Complexity can create value. At the same time, understanding more complex goods requires more of an agent’s attention....

Uploaded: Jan 1, 2025

Martin Oehmke, Marcus Opp | Working Paper No. 00162-00

Green Capital Requirements

We study bank capital requirements as a tool to address climate-related financial risks and evaluate whether a prudential...

Uploaded: Jan 1, 2025

Jean-Edouard Colliard | Working Paper No. 00166-00

Artificial Intelligence and the Rents of Finance Workers

This paper studies how artificial intelligence (AI) affects the finance labor market when
humans and AI perform different tasks...