Discussion of “The state-dependent impact of changes in bank capital requirements”

I attended a conference on “Financial stability policies in a changing lending landscape” at the Central Bank of Ireland on December 5. I was a discussant for an excellent paper “The state-dependent impact of changes in bank capital requirements” by Jan Hannes Lang of the ECB and Dominik Menno of the Bundesbank. In my comments, I endorsed the paper’s message that higher bank capital requirements need not be costly to the economy if implemented in a careful way. I then went a bit further and suggested these costs may be even lower than suggested in the paper, while bringing considerable financial stability benefits.

Briefing Paper: Should central banks be concerned about virtual currencies?

My latest briefing paper for the European Parliament’s Economic and Monetary Affairs committee is titled “Should central banks be concerned about virtual currencies?”

This is part of a collection of papers delivered to the committee prior to their meeting on July 9 with ECB President Draghi. The papers can be found by clicking here and expanding on where it says “Monetary Dialogue – 9 July 2018”.