Since the 2008 financial crisis, in which the Reserve Primary Fund "broke the buck," money market funds (MMFs) have … been the subject of ongoing policy debate. Many commentators view MMFs as a key contributor to the crisis because … response, MMFs were deemed a component of the nefarious shadow banking industry and targeted for regulatory reform. The …

crisis using descriptive data and empirical evidence. Based on our analysis, it is unlikely that fair-value accounting added …The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair …-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least …

The direct financial impact of the financial crisis has been to deal a heavy blow to investment-based pensions; many … workers lost a substantial portion of their retirement saving. The financial sector implosion produced an economic crisis for … the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …

importance, and therefore on policy recommendations. Research on the euro debt crisis has so far been much more limited: even … were not analytically equipped to understand them, in spite of their recurrence in the last 25 years. In the pre-crisis … period, however, there have been important exceptions - theoretical and empirical strands of research that largely laid out …

We develop a methodology to identify and rank systemically important financial institutions (SIFIs). Our approach is … consistent with that followed by the Financial Stability Board (FSB) but, unlike the latter, it is free of judgment and it is … based entirely on publicly available data, thus filling the gap between the official views of the regulator and those that …

collapse in asset values since the Great Depression, a sharp tightening in credit availability, and a large increase in … unemployment risk. We present measures of the size of these shocks and discuss what a benchmark theory says about their immediate … and ultimate consequences. We then provide a forecast based on a simple empirical model that captures the effects of …

crisis. This provides a rare possibility to analyze appraisals, expectations and forecast errors of the core sector of the …The CFS survey covers individual situations of banks and other companies of the financial sector during the financial … recent turmoil. Following standard ways of aggregating individual survey data, we first present and introduce the CFS survey …