This dissertation consists of three essays in the field of monetary and financial economics. Specifically, we use high-frequency financial data to study monetar

This three-chapter dissertation focuses on the research topics in Monetary and Financial Economics. The first paper examines the time-varying impact of U.S. mon

The first chapter analyses the impact of the central clearing requirement for swaps, which entered into force in 2013, on the derivatives activity of US banks.

Recent events in international financial markets have revived the scientific interest in conceivable institutional alternatives to prevailing monetary arrangeme