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The Federal Reserve Bank of New York's involvement with AIG
Thomas C. Baxter, Jr.; Dahlgren, Sarah J. - Federal Reserve Bank of New York - 2010
Joint written testimony before the Congressional Oversight Panel, Washington, D.C.
Persistent link: https://www.econbiz.de/10010724976
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How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007
Acharya, Viral V.; Afonso, Gara; Kovner, Anna - Federal Reserve Bank of New York - 2013
In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial banks in the United States raised deposits and...
Persistent link: https://www.econbiz.de/10010690282
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Securities lending
Lipson, Paul C.; Sabel, Bradley K.; Keane, Frank M. - Federal Reserve Bank of New York - 2012
.S. securities markets, examines loans of Treasury and agency securities in the domestic market. It highlights some important … loans. While we note that this characteristic sets securities lending apart from most repurchase agreement (repo …
Persistent link: https://www.econbiz.de/10011027200
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Banking across borders
Niepmann, Friederike - Federal Reserve Bank of New York - 2012
This paper develops and tests a theoretical model that allows for the endogenous decision of banks to engage in international and global banking. International banking, where banks raise capital in the home market and lend it abroad, is driven by differences in factor endowments across...
Persistent link: https://www.econbiz.de/10010585876
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When is U.S. bank lending to emerging markets volatile?
Goldberg, Linda S. - Federal Reserve Bank of New York - 2001
Using bank-specific data on U.S. bank claims on individual foreign countries since the mid-1980s, this paper 1) characterizes the size and portfolio diversification patterns of the U.S. banks engaging in foreign lending, and 2) econometrically explores the determinants of fluctuations in U.S....
Persistent link: https://www.econbiz.de/10005526315
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Global banks and international shock transmission: evidence from the crisis
Cetorelli, Nicola; Goldberg, Linda S. - Federal Reserve Bank of New York - 2010
Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market economies. We examine adverse liquidity shocks on main developed-country banking systems and their relationships to emerging markets across Europe, Asia, and Latin America, isolating loan...
Persistent link: https://www.econbiz.de/10008498298
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Latin American international loan defaults in the 1930s: lessons for the 1980s?
Skiles, Marilyn E. - Federal Reserve Bank of New York - 1988
Persistent link: https://www.econbiz.de/10005512200
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Monetary policy under sudden stops
Cúrdia, Vasco - Federal Reserve Bank of New York - 2007
experiences a sudden stop of capital inflows. The model features credit frictions, debt denominated in foreign currency, imported …
Persistent link: https://www.econbiz.de/10005420493
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Personal bankruptcy and credit market competition
Dick, Astrid; Lehnert, Andreas - Federal Reserve Bank of New York - 2007
the credit market. We document that, following deregulation, (1) overall lending increased, (2) loss rates on loans …The effect of credit market competition on borrower default is theoretically ambiguous, because the quantity of credit … supplied may rise or fall following an increase in competition. We investigate empirically the relationship between credit …
Persistent link: https://www.econbiz.de/10005420638
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Payday holiday: how households fare after payday credit bans
Morgan, Donald P.; Strain, Michael R. - Federal Reserve Bank of New York - 2007
substitutes such as the bounced-check “protection” sold by credit unions and banks or loans from pawnshops.> …Payday loans are widely condemned as a “predatory debt trap.” We test that claim by researching how households in … Georgia and North Carolina have fared since those states banned payday loans in May 2004 and December 2005. Compared with …
Persistent link: https://www.econbiz.de/10005420672