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U.S.economic policy in a global context

Dudley, William C. - Federal Reserve Bank of New York - 2011

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

Persistent link: https://www.econbiz.de/10010724999

U.S. capital flows to China

Ehrlich, Edna E. - Federal Reserve Bank of New York - 1987

Persistent link: https://www.econbiz.de/10005717269

The joint dynamics of liquidity, returns, and volatility across small and large firms

Chordia, Tarun; Sarkar, Asani; Subrahmanyam, Avanidhar - Federal Reserve Bank of New York - 2005

This paper explores liquidity spillovers in market-capitalization-based portfolios of NYSE stocks. Return, volatility …-cap stocks are stronger when spreads in the large-cap sector are wider. Consistent with the notion that private informational … trading in large-cap stocks is transmitted to other stocks with a lag, order flows in the large-cap-stock decile predict both …

Persistent link: https://www.econbiz.de/10005420598

Description of margin requirements

Sofianos, George - Federal Reserve Bank of New York - 1988

Persistent link: https://www.econbiz.de/10005387328

Board structure, antitakeover provisions, and stockholder wealth

Sundaramurthy, Chamu; Mahoney, James M.; Mahoney, Joseph T. - Federal Reserve Bank of New York - 1995

This paper's regression analyses from a sample of 261 firms that adopted 486 antitakeover provisions (supermajority, classified boards, fair-price, reduction in cumulative voting, anti-greenmail and poison pills) in the 1984-1988 period indicate that the negative market reactions to antitakeover...

Persistent link: https://www.econbiz.de/10005387415

Fifteen minutes of fame? The market impact of internet stock picks

Antunovich, Peter; Sarkar, Asani - Federal Reserve Bank of New York - 2003

about them. For example, liquidity one year after the pick day remains higher for these stocks than for a sample matched … microstructure factors, we find that stocks with lower initial liquidity have greater improvements in liquidity on the pick day …. Further, stocks with lower initial liquidity and higher pick-day liquidity have higher pick-day excess returns. These results …

Persistent link: https://www.econbiz.de/10005726621

Intervention strategies and exchange rate volatility: a noise trading perspective

Hung, Juann H. - Federal Reserve Bank of New York - 1995

This paper estimates and explains the impact of U.S. sterilized intervention on exchange rate volatility. We find that U.S. intervention reduced both yen/dollar and DM/dollar exchange rate volatilities during 1985-86, but increased them during 1987-89. These results make sense in a noise trading...

Persistent link: https://www.econbiz.de/10005512214

Head and shoulders: not just a flaky pattern

Osler, C.L.; Chang, P.H. Kevin - Federal Reserve Bank of New York - 1995

This paper evaluates rigorously the predictive power of the head-and-shoulders pattern as applied to daily exchange rates. Though such visual, nonlinear chart patterns are applied frequently by technical analysts, our paper is one of the first to evaluate the predictive power of such patterns....

Persistent link: https://www.econbiz.de/10005526287

Do investors mistake a good company for a good investment?

Antunovich, Peter; Laster, David S. - Federal Reserve Bank of New York - 1999

Do investors confuse the quality of a firm with its attractiveness as an investment? If so, shares of well-run companies will be bid up too high and subsequently earn negative abnormal returns. Our analysis of Fortune magazine’s annual survey of "America’s Most Admired Companies" for 1983-96...

Persistent link: https://www.econbiz.de/10005420488

Barriers to network-specific innovation

Martin, Antoine; Orlando, Michael J. - Federal Reserve Bank of New York - 2005

We examine incentives for network-specific investment and the implications for network governance. We model an environment in which participants that make payments over a network can invest in a technology that reduces the marginal cost of using the network. A network effect results in multiple...

Persistent link: https://www.econbiz.de/10005420505