BankUnderground

OCTOBER 4, 2023

Julia Giese, Michael McLeay, David Aikman and Sujit Kapadia Central banks have been using a range of monetary policy and macroprudential tools to maintain monetary and financial stability. Financial crises and macroprudential policy The global financial crisis of 2007–08 highlighted major deficiencies in macrofinancial policy frameworks.

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BankUnderground

MARCH 28, 2024

In our recently published Staff Working Paper , we ask how monetary policy should be conducted amid, what has been referred to as, a ‘battle of the markups’. We find that countercyclicality in aspired price markups (‘sellers’ inflation’) calls for more dovish monetary policy.

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American Banker

NOVEMBER 14, 2024

Adriana Kugler said sound monetary policy comes when electoral politics are kept out of central banking. In a speech, Federal Reserve Gov.

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BankUnderground

AUGUST 9, 2024

Michael Kumhof and Mauricio Salgado-Moreno While ‘unconventional’ balance-sheet policies like quantitative easing (QE) and quantitative tightening (QT) appear to have been successful, it is difficult to separate their macroeconomic and financial stability implications from those of other polices. Figure 4 shows these baseline results.

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BankUnderground

DECEMBER 20, 2023

Daniel Albuquerque and Jamie Lenney Rent prices have risen by 9% on average in England since the Bank of England’s Monetary Policy Committee (MPC) started raising interest rates in December 2021. Is monetary policy causing the rise in rents? So is there any evidence that monetary policy is pushing up rental prices in the UK?

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Payments Dive

APRIL 11, 2019

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies.

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BankUnderground

SEPTEMBER 13, 2023

Álvaro Fernández-Gallardo, Simon Lloyd and Ed Manuel Since the 2007–09 Global Financial Crisis, central banks have developed a range of macroprudential policies (‘macropru’) to address fault lines in the financial system. So we construct a macropru policy index using the MacroPrudential Policies Evaluation Database (MaPPED).

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BankUnderground

AUGUST 2, 2024

They typically attribute the economic downturn following an energy price shock to the monetary policy response aimed at mitigating inflation. The presence of direct demand-side effects from energy shocks under household heterogeneity adds an important dimension to the policy landscape. or leave a comment below.

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BankUnderground

AUGUST 15, 2024

Vania Esady Monetary policy actions transmit to inflation and real activity with ‘long and variable’ lags. However, it is not obvious how the effectiveness of monetary policy varies across economic states (for instance pace of economic growth). This work also fed into the recent Quarterly Bulletin on how monetary policy transmits.

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BankUnderground

JULY 13, 2022

Policy, meanwhile, was pulled in multiple directions by multiple objectives – employment, price and financial stability and debt sustainability. Asking what role macroeconomic policy played in interwar Britain is not a new topic, so why revisit it? What do I do?

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PYMNTS

SEPTEMBER 22, 2019

While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In The policy change is going into effect beginning on Oct. 11, 2019.”. “We

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The Paypers

OCTOBER 24, 2024

The Bank Policy Institute and Kentucky Bankers Association have filled a lawsuit against CFPB for jeopardising customers’ privacy and account security with its new rule.

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PYMNTS

JANUARY 21, 2021

The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic. percent.

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BankUnderground

AUGUST 20, 2020

So it follows that monetary policy decisions can affect happiness too. In a recent working paper we use a novel approach to assess how the unprecedented loosening in monetary policy in response to the 2008 global financial crisis affected the well-being of UK households. Most studies have found the effects to be small. is utility, ??

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CFPB Monitor

APRIL 7, 2023

In the CFPB’s second attempt to define “abusive” acts or practices, the first being guidance rescinded a year after it was given in 2020, the CFPB has issued a new policy statement in which it turns to statutory analysis and past enforcement actions to provide a framework for determining what constitutes abusive conduct. . Continue Reading

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Payments Dive

OCTOBER 18, 2023

The new council is tasked with providing “strategic guidance” to the San Francisco-based card giant’s Washington think tank, but none of the initial members are based in the U.S.

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BankUnderground

JUNE 1, 2023

Sangyup Choi, Tim Willems and Seung Yong Yoo How does monetary policy really affect the real economy? What kinds of firms or industries are more sensitive to changes in the stance of monetary policy, and through which exact channels? ’), which is why we are interested in creating a broad database of such shocks.

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BankUnderground

FEBRUARY 11, 2021

So can recipient countries employ prudential policies to offset monetary policy changes in centre countries? In line with those observations, we uncover evidence of a ‘London Bridge’ in cross-border lending: the way French banks channel funds to the UK is responsive to prudential policies in the rest of the world.

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PYMNTS

JUNE 10, 2020

TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported. Last month, the data-protection commission in the Netherlands opened an investigation into TikTok’s policies to protect children’s data, noting the app is popular with Dutch youth, Bloomberg reported.

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American Banker

NOVEMBER 5, 2024

The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.

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American Banker

OCTOBER 22, 2024

The Bank Policy Institute is among the parties that filed a lawsuit late Tuesday to challenge the Consumer Financial Protection Bureau's new open banking rule.

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BankUnderground

AUGUST 18, 2022

Since 2009, when policy rates reached their effective lower bound, quantitative easing (QE) has become an important instrument of central bank monetary policy. These models allow us to decompose movements in the curve into two effects: policy rate expectations; and term premia. Iryna Kaminska and Haroon Mumtaz. What we find.

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PYMNTS

APRIL 9, 2020

Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. The insurance industry provides policies that protect studios from unforeseen circumstances.”.

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BankUnderground

OCTOBER 26, 2021

The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Monetary theory and policy in Medieval France. Nathan Sussman.

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Bank Innovation

FEBRUARY 8, 2018

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement.

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BankUnderground

NOVEMBER 8, 2023

Francesca Diluiso, Barbara Annicchiarico and Marco Carli While climate change is often seen as a long-term concern, climate mitigation policies can have different short-term effects, since they affect the transmission mechanism of conventional macroeconomic shocks.

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South State Correspondent

DECEMBER 14, 2020

With FDA approval and the first shipments of the COVID-19 vaccine start to hit our communities this week, the question comes up over should banks have a policy around if the vaccine should be mandated, recommended, supported, and acknowledged in the workplace?

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Chris Skinner

AUGUST 5, 2018

Also released last week, the EU document has a different focus to the US one, which allowed national FinTech charter bank licenses to be … The post The EU’s policy on FinTech competition is … appeared first on Chris Skinner's blog.

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BankUnderground

JULY 6, 2021

We study optimal monetary policy conduct through the lens of a Heterogeneous Agents New Keynesian ( HANK ) model with frictions in the labour market, imperfect unemployment insurance, and an occasionally binding ZLB constraint (ie the interest rate may hit the ZLB during a downturn). A model with uninsurable unemployment risk. What we find.

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PYMNTS

JANUARY 14, 2021

The apps that were found to violate our user safety policies were immediately removed from the Store, and we have asked the developers of the remaining identified apps to demonstrate that they comply with applicable local laws and regulations,” Google India said in a Thursday (Jan. 14) blog post. “In

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BankUnderground

OCTOBER 6, 2022

Occasionally, economic shocks are global in nature and so monetary policy can move in tandem across the world. But how common have directional changes in monetary policy been across the world over recent decades? To answer this, we developed a monetary policy diffusion index (MPDI) to illustrate the breadth of monetary policy changes.

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PYMNTS

JANUARY 22, 2020

With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. The think tank will gather leaders in several fields — from public policy, academia, civil society and technology. The Policy Lab will be busy.

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BankUnderground

FEBRUARY 8, 2022

Could the slow response of deposit rates to changes in monetary policy strengthen its impact on the economy? At first look, the answer would probably be ‘no’ Imperfect pass-through of policy to deposit rates means that the rates on a portion of assets in the economy respond by less than they could. Alberto Polo.

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PYMNTS

JANUARY 29, 2021

New policy changes on Google Play will enable gambling apps to be available in its store in more countries effective March 1, extending availability to the U.S. Google Play is further updating its policies to allow global developers the ability to create sustainable businesses that keep consumer safety in mind.

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TheGuardian

DECEMBER 26, 2023

Campaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels Hundreds of students from leading UK universities have launched a “career boycott” of Barclays over its climate policies, warning that the bank will miss out on top talent unless it stops financing fossil fuel companies.

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PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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BankUnderground

AUGUST 17, 2021

There is ample evidence that a monetary policy tightening triggers a decline in consumer price inflation and a simultaneous contraction in investment and consumption (eg Erceg and Levin (2006) and Monacelli (2009) ). Chart 1 shows the impulse responses to an unexpected rise in the policy rate.

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