The second trend influencing the nature of central banking is for countries to formally state that a central bank's sole objective should be to ensure price stability. New Zealand, for example, in its Reserve Bank Act of 1989, stated that the Bank's monetary policy should be " directed to the economic objective of achieving and maintaining stability in the general level of prices. " 3 Likewise,...

The U.S. Department of Agriculture-Natural Resources Conservation Service has recommended domestic cattle grazing exclusion from riparian corridors for decades. This recommendation was based on a belief that domestic cattle grazing would typically destroy stream bank vegetation and in-channel habitat. Continuous grazing (CG) has caused adverse environmental damage, but along cohesive-sediment s...

One of the great public policy concerns in the financial services arena is ensuring the stability of the U.S. financial system. One of the great threats to financial stability is disruption in the interbank market; that is, transactions between banks. These transactions consist of the exchange of payments by check or electronic means, usually through payment clearing mechanisms; the settlement ...

Abstract This study is the first to examine impact of FinTech firms on bank financial stability. Using a sample 26 banks from an emerging market (Malaysia), over period 2003–2018, we find that development time increases We uncover further evidence firms’ stability holds when conduct sub-sample analyses by size, type (Islamic vis-à-vis conventional), and level corporate governance. The results a...

In this paper, we explore whether economic uncertainty differently affects the default risk of Islamic and conventional banks. Using a sample 568 banks from 20 countries between 2009 2018, use World Uncertainty Index (WUI) by Ahir et al. (2018) to conduct study based on comparable measure across countries. Our findings indicate that increases but does not affect banks’ risk. To understand why, ...