Journal of Central Banking Theory and Practice最新文献_第5页

Sustainability of the Currency Board in Bosnia and Herzegovina in the Conditions of a Negative Interest Rate on the Reserve Currency 储备货币负利率条件下波斯尼亚和黑塞哥维那货币发行局的可持续性

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2023-01-01 DOI: 10.2478/jcbtp-2023-0007

Rajko Tomaš

引用次数: 0

Interbank Network as a Channel of Credit Contagion in Banks: Is Moral Hazard Transferable? 银行间网络作为银行信用传染的渠道：道德风险可转移吗？

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0026

Zeljko Jovic, Milena Lutovac Đaković

引用次数: 1

CEE EU Central Banks’ Policy during the First Wave of COVID-19 新冠肺炎第一波疫情期间中欧和欧盟央行的政策

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0021

M. Kozińska

{"title":"CEE EU Central Banks’ Policy during the First Wave of COVID-19","authors":"M. Kozińska","doi":"10.2478/jcbtp-2022-0021","DOIUrl":"https://doi.org/10.2478/jcbtp-2022-0021","url":null,"abstract":"Abstract Faced with COVID-19 crisis, central banks have once again become one of the key players in the economies. The aim of this article is to analyse the actions of Central and Eastern European central banks within all their roles (monetary policy, micro-and macroprudential policy, deposit guaranteeing and resolution) during the first coronavirus wave. The analysis shows that they were active in various fields, not only those that were traditionally always assigned to central banks (i.e. monetary policy, although this was the major field of activity). Scope of the intervention naturally depended on the shape of the national financial safety net. At the same time, the use of monetary policy tools depended on the adopted monetary policy strategy. Practice of central banks’ actions shows that central banks with a wide range of monetary tools reacted later. It seems that the scope and intensity of the use of monetary policy tools was not influenced by the general role of the central bank in the financial safety net. The monetary toolkit used by banks was based on a standard set of instruments with modified conditions of application (scale, transaction parameters and their type, collaterals and counterparties). Although transactions with specific parameters were sometimes implemented for the first time, they can still be included in the framework of classic monetary policy tools. In areas other than monetary policy, central banks were much less active. The most disturbing seems to be the passivity in the field of macroprudential policy.","PeriodicalId":44101,"journal":{"name":"Journal of Central Banking Theory and Practice","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45832886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Who Should You Listen to in a Crisis? Differences in Communication of Central Bank Policymakers 在危机中你应该听谁的？央行决策者沟通的差异

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0022

Jonne Lehtimäki, Marianne Palmu

引用次数: 4

Central Bank Digital Currency: Scenarios of Implementation and Potential Consequences for Monetary System 央行数字货币：实施场景和对货币体系的潜在影响

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0027

Patryk Kaczmarek

引用次数: 3

Book Review „Central Banking in Turbulent Times“, Oxford University Press, 2018 by Francesco Papadia and Tuomas Välimäki 书评《动荡时期的中央银行》，牛津大学出版社，2018年，作者:弗朗西斯科·帕帕迪亚和托马斯Välimäki

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0031

Eyas G. Osman, May Alowi

引用次数: 0

Board Members’ Educational Background and Financial Performance: Evidence from Eurozone Banks 董事会成员的教育背景和财务业绩：来自欧元区银行的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0030

V. Pereira, J. Filipe

{"title":"Board Members’ Educational Background and Financial Performance: Evidence from Eurozone Banks","authors":"V. Pereira, J. Filipe","doi":"10.2478/jcbtp-2022-0030","DOIUrl":"https://doi.org/10.2478/jcbtp-2022-0030","url":null,"abstract":"Abstract This study examines the impact of the quality of board members’ educational background on the financial performance of a group of Eurozone banks. Return on average assets (ROAA), Return on average equity (ROAE), and Tobin’s Q are used as measures to assess bank financial performance. Three indices are used as proxies for board members’ educational qualifications: Eduindex, for all academic qualifications in areas such as business or economics; Eduversal, for all qualifications from business schools ranked by Eduniversal; and EduFT, for all qualifications from business schools ranked by the Financial Times. Our study results offer relevant policy implications. Generally, there is a significant negative effect from Eduversal and EduFT qualifications on bank financial performance. This effect can be explained by the fact that some well-qualified board members use their expertise for their own interest, which, in most cases, is not favourable for bank financial performance. The implication is that the European Central Bank needs to implement more rigorous measures than those currently imposed to control bank board member behaviour and reduce agency problems.","PeriodicalId":44101,"journal":{"name":"Journal of Central Banking Theory and Practice","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45896620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Quantitative Easing and Macroeconomic Performance in the United States 量化宽松与美国宏观经济表现

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0024

Inda Mulaahmetović

引用次数: 0

Changes in Basel Capital Requirements and Lending Ability of African Commercial Banks 巴塞尔资本要求与非洲商业银行贷款能力的变化

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0029

Damilola Oyetade, Adefemi A. Obalade, P. Muzindutsi

引用次数: 0

Determinants of Banks Profitability: An Evidence from GCC Countries 银行盈利能力的决定因素:来自海湾合作委员会国家的证据

IF 1.4

Journal of Central Banking Theory and Practice Pub Date : 2022-09-01 DOI: 10.2478/jcbtp-2022-0025

Shoaib Khan

{"title":"Determinants of Banks Profitability: An Evidence from GCC Countries","authors":"Shoaib Khan","doi":"10.2478/jcbtp-2022-0025","DOIUrl":"https://doi.org/10.2478/jcbtp-2022-0025","url":null,"abstract":"Abstract The research objective of the study is to investigate the determinants of profitability of banks’ operating in GCC (Gulf Cooperation Council) countries. The existing studies highlight the banks’ internal attributes and external factors that significantly influence profitability. The unbalanced panel data of 59 banks from the Bank scope database operating in six countries of GCC is used. Profitability is measured as return on assets (ROA) and return on equity (ROE) that have been used as dependent variables. Pooled OLS, fixed and random effects estimations are employed to explore the effect of explanatory variables internal factors, i.e. bank size, capital adequacy, asset quality, deposits ratio, asset management, operating efficiency and financial risk, and external factors, namely macroeconomic variables, GDP growth rate and inflation rate on dependent variables. Bank size and GDP growth have a significant and positive association with ROA. While Bank size and asset management have significant and positive impact, capital adequacy, financial risk, operating efficiency, and asset quality have a negative and significant impact on ROE. Fixed effects results are used for interpretation based on the Hausman test.","PeriodicalId":44101,"journal":{"name":"Journal of Central Banking Theory and Practice","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43301507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2