Discussion paper DP18467 System-wide Dividend Restrictions: Evidence and Theory Miguel Ampudia Manuel A. Muñoz Frank Smets Alejandro Van der Ghote 19 Sep 2023 Monetary Economics and Fluctuations E44 E58 E61
VoxEU Column Central bank digital currency and heterogeneous beliefs about bank stability: The role of public money as a store of value Manuel A. Muñoz Oscar Soons 9 Jul 2023 Finance and Fintech Financial Regulation and Banking Monetary Policy
VoxEU Column The optimal amount of central bank digital currency in circulation Frank Smets Carlos Montes-Galdón Manuel A. Muñoz Lorenzo Burlon 16 Aug 2022 Monetary Policy
Discussion paper DP17479 Macroprudential policy and the role of institutional investors in housing markets Manuel A. Muñoz Frank Smets 17 Jul 2022 Monetary Economics and Fluctuations E44 G23 G28
Discussion paper DP16995 The optimal quantity of CBDC in a bank-based economy Lorenzo Burlon Carlos Montes-Galdón Manuel A. Muñoz Frank Smets 2 Feb 2022 Monetary Economics and Fluctuations E42 E58 G21
VoxEU Column Institutional real estate investors, leverage, and macroprudential regulation Manuel A. Muñoz 14 Nov 2020 Financial Markets Financial Regulation and Banking
VoxEU Column Macroprudential policy and COVID-19: Restrict dividend distributions to significantly improve the effectiveness of the countercyclical capital buffer release Manuel A. Muñoz 3 Jul 2020 COVID-19 Financial Regulation and Banking Macroeconomic policy