The Basel Committee's Research Task Force Transmission Channel project aimed at generating new research on various aspects of the credit channel linkages in the monetary transmission mechanism. Under the credit channel view, financial intermediaries play a critical role in the allocation of...

The Research Task Force Transmission Channel (RTF-TC) project was conceived before the onset of the recent global financial crisis. From the beginning, RTF-TC was intended to be a long-term project that would involve many RTF member institutions. The primary goal was to generate new research on...

The events of the last few years, particularly those in the global financial crisis that began in 2007, indicate that mortgage insurance (MI) is subject to significant stress in the worst tail events. This report examines the interaction of mortgage insurers with mortgage originators and...