Dirk Niepelt

Mimeo, January 2019, with Markus Brunnermeier. PDF. We propose a generic model of money and liquidity. We provide sufficient conditions under which a swap of private (inside) against public (outside) money leaves the equilibrium allocation and price system unchanged. We apply the results to Central Bank Digital Currency, the “Chicago Plan,” and the Indian de-monetization experiment.

The Economist characterizes the work of who it views as the eight best economists of the decade. Most of their work is empirical. The eight are: Isaiah Andrews, Melissa Dell, Nathaniel Hendren, and Stefanie Stantcheva of Harvard Parag Pathak and Heidi Williams of MIT Emi Nakamura of UC Berkeley Amir Sufi of Chicago Booth

The Economist characterizes the work of who it views as the eight best economists of the decade. Most of their work is empirical. The eight are: Isaiah Andrews, Melissa Dell, Nathaniel Hendren, and Stefanie Stantcheva of Harvard Parag Pathak and Heidi Williams of MIT Emi Nakamura of UC Berkeley Amir Sufi of Chicago Booth

finews.asia, December 27, 2018. HTML. finews.ch, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.

finews.asia, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.

At an AEI event in Washington, James McAndrews discussed narrow banking and the Federal Reserve’s opposition to McAndrews’ “The Narrow Bank USA Inc.” His slides emphasize the fact that a narrow bank can help achieve goals that Federal Reserve representatives themselves promoted in the past.

At an AEI event in Washington, James McAndrews discussed narrow banking and the Federal Reserve’s opposition to McAndrews’ “The Narrow Bank USA Inc.” His slides emphasize the fact that a narrow bank can help achieve goals that Federal Reserve representatives themselves promoted in the past.

December 2018. PDF. In: Ernest Gnan and Donato Masciandaro, editors, Do We Need Central Bank Digital Currency? Economics, Technology and Institutions, SUERF, The European Money and Finance Forum, Vienna, 2018. A short version of the CEPR working paper.

December 2018. PDF. In: Ernest Gnan and Donato Masciandaro, editors, Do We Need Central Bank Digital Currency? Economics, Technology and Institutions, SUERF, The European Money and Finance Forum, Vienna, 2018. A short version of the CEPR working paper.

The ECB launches its Target Instant Payment Settlement (TIPS) system, which facilitates instant money transfers between banks and allows end users connected to those banks to make instant retail payments across the Euro zone. Report in the FAZ. Last year’s report by Mehreen Khan in the FT. From the ECB’s website: TIPS was developed as an extension of TARGET2 and settles payments in central bank money. TIPS currently only settles payment transfers in euro. However, in case of demand other...