Similar Search Results

Stop-loss orders and price cascades in currency markets

Osler, Carol (contributor) - 2002 - [Elektronische Ressource]

In this paper, I provide evidence that currency stop-loss orders contribute to rapid, self-reinforcing price movements, or "price cascades". Stop-loss orders, which instruct a dealer to buy (sell) a certain amount of currency at the market rate once the rate has risen (fallen) to a prespecified...

Persistent link: https://www.econbiz.de/10001682513

Gender and dynamic agency: theory and evidence on the compensation of top executives

Albanesi, Stefania; Olivetti, Claudia; Prados, María José - Federal Reserve Bank of New York - 2015

We document three new facts about gender differences in executive compensation. First, female executives receive a lower share of incentive pay in total compensation relative to males. This difference accounts for 93 percent of the gender gap in total pay. Second, the compensation of female...

Persistent link: https://www.econbiz.de/10011207944

Bank integration and business volatility

Morgan, Donald P. (contributor); Rime, Bertrand (contributor) - 2000 - [Elektronische Ressource]

We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Triocole (1997), we conclude that the theoretical effect of...

Persistent link: https://www.econbiz.de/10001590074

The importance of addressing cybersecurity risks in the financial sector

Dahlgren, Sarah J. - Federal Reserve Bank of New York - 2015

Remarks at the OpRisk North America Annual Conference, New York City.

Persistent link: https://www.econbiz.de/10011210729

The over-the-counter theory of the fed funds market: a primer

Afonso, Gara M.; Lagos, Ricardo - Federal Reserve Bank of New York - 2014

We present a dynamic over-the-counter model of the fed funds market, and use it to study the determination of the fed funds rate, the volume of loans traded, and the intraday evolution of the distribution of reserve balances across banks. We also investigate the implications of changes in the...

Persistent link: https://www.econbiz.de/10010751389

Benefits and spillovers of greater competition in Europe : a macroeconomic assessment

Bayoumi, Tamim A. (contributor); Laxton, Douglas (contributor) - 2004 - [Elektronische Ressource]

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

Persistent link: https://www.econbiz.de/10002101549

The impact of competition on technology adoption: an apples-to-PCs analysis

Copeland, Adam; Shapiro, Adam Hale - Federal Reserve Bank of New York - 2010

industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the … predicts that competition is the key driver of the rate at which technology is adopted. …

Persistent link: https://www.econbiz.de/10008598716