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  1. / Publications
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Publication Series

Barcelona Reports

  • Series started 6 March 2019
Barcelona

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Latest in series

Barcelona4
Report

Barcelona 4: Technology and Finance

  • Xavier Vives
  • Thierry Foucault
  • Laura Veldkamp
  • Darrell Duffie
27 May 2022
  • Executive Summary: More than an intellectual game: Exploring the monetary policy and financial stability implications of central
  • Executive Summary: More than an intellectual game: Exploring the monetary policy and financial stability implications of central
  • Introduction: Finance and Technology
  • Payment system disruption: Digital currencies and bank-railed payment innovation
  • Data policy and data measurement
  • Technology, data and trading in securities markets
  • Discussions: Technology and Finance

All items in series

Barcelona 3: Resilience of the Financial System to Natural Disasters
Report

Barcelona 3: Resilience of the Financial System to Natural Disasters

  • Patrick Bolton
  • Harrison Hong
  • Marcin Kacperczyk
  • Xavier Vives
25 May 2021
  • The role of central banks and banking supervisors in climate action
  • Resilience of the Financial System to Natural Disasters: Introduction
  • Green swans and risk management
  • Natural disasters, climate change and central banks
  • Asset managers' response to natural disasters
  • Mitigating disaster risks to the financial system
  • Natural disasters, climate change and central banks: Introduction
  • Including climate change in central bank mandates
  • Understanding climate change risks
  • Central bank climate policies in the context of net-zero commitments
  • Natural disasters, climate change and central banks: Conclusion
  • Asset managers' response to natural disasters: Introduction
  • The asset management paradigm
  • Asset managers' response to natural disasters: Conclusion
  • Building resilience to climate change and natural disasters
  • Mitigation of climate change and natural disasters
  • Implications for efficiency and welfare
  • Mitigating disaster risks to the financial system: Introduction
  • Mitigation Cover-19 risks to the stock market
  • Decarbonisation and climate disasters
  • Sustainable finance commitments needed to achieve net zero
  • Conclusion and policy implications
  • Resilience of the Financial System to Natural Disasters: Discussions
Barcelona 2: The Bank Business Model in the Post-Covid-19 World
Report

Barcelona 2: The Bank Business Model in the Post-Covid-19 World

  • Elena Carletti
  • Stijn Claessens
  • Antonio Fatas
  • Xavier Vives
18 Jun 2020
  • Digital money, payments and banks
  • Digital disruption and banks’ business models
  • Challenges to the business models of banks
  • Introduction: Barcelona 2: The Bank Business Model in the Post-Covid-19 World
  • Competitive strategies of the players
  • Regulation, policy, and financial stability
  • Banking in a post-Covid world
  • Challenges to banks’ business models
  • The role of banks in the economy
  • Banking business models
  • Evolution of bank profitability
  • Challenges to banks’ business models: Conclusions
  • The digital economy and banks’ business models
  • Technology in finance and banks’ business models
  • Technology-driven changes in provision
  • Evidence on technology-driven changes in financial services
  • Risks and regulatory responses
  • Policy issues raised by digitalisation
  • The digital economy and banks’ business models: Summary
  • Digital money, payments and banks
  • Technology, digital money and payments
  • New forms of digital money
  • The role of regulators and central banks
  • Technology, new entrants and competition
  • Changes in the competitive landscape for banks
  • Digital money, payments and banks: Conclusion
  • Discussions: Barcelona 2: The Bank Business Model in the Post-Covid-19 World
  • Discussion of Chapter 2 by Thorsten Beck: Barcelona 2: The Bank Business Model in the Post-Covid-19 World
  • Discussion of Chapter 3 by Amit Seru: Barcelona 2: The Bank Business Model in the Post-Covid-19 World
  • Discussion of Chapter 4 by Dirk Niepelt: Barcelona 2: The Bank Business Model in the Post-Covid-19 World
Barcelona 1: Sound At Last? Assessing a Decade of Financial Regulation
Report

Barcelona 1: Sound At Last? Assessing a Decade of Financial Regulation

  • Patrick Bolton
  • Stephen Cecchetti
  • Jean-Pierre Danthine
  • Xavier Vives
6 Mar 2019
  • Introduction: Barcelona 1: Sound At Last? Assessing a Decade of Financial Regulation
  • Bank functions, fragility and narrow banking
  • Basel III and beyond
  • Resolving ‘too big to fail’
  • An expanded role for central banks
  • Conclusions
  • Regulatory reform: Basel III and beyond
  • The structure of Basel III
  • Capital regulation
  • Liquidity regulation
  • Non-bank Intermediation
  • Resolving too big to fail
  • Lessons from the crisis of 2007-2009: Why bank resolution was an impossible choice
  • SIB resolution: What are the challenges and trade-offs?
  • The SIB resolution model around ‘single point of entry’
  • Main takeaway
  • An expanded role for central banks
  • Conducting monetary policy at the zero lower bound
  • Lender of last resort
  • Updating the central bank financial stability mandate
  • Legitimising an expanded mandate for independent central banks
  • Discussions
  • Discussion of Chapter 2 by Philipp Hartmann: Regulatory reform: Basel III and beyond
  • Discussion of Chapter 3 by Fernando Restoy: The new bank resolution framework: Will it work?
  • Discussion of Chapter 4 by John Vickers: An enlarged role for central banks

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