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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 … institutional characteristics of securities loan transactions, in particular the common use of agents to arrange the terms of the …

Persistent link: https://www.econbiz.de/10011027200

Housing and the economic recovery

Dudley, William C. - Federal Reserve Bank of New York - 2012

Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.

Persistent link: https://www.econbiz.de/10010724975

Do underwriters matter? The impact of the near loss of an equity underwriter

Kovner, Anna - Federal Reserve Bank of New York - 2010

The financial crisis provides a natural experiment for testing theoretical predictions of the equity underwriter's role following an initial public offering. Clients of Bear Stearns, Lehman Brothers, Merrill Lynch, and Wachovia saw their stock prices fall almost 5 percent, on average, on the day...

Persistent link: https://www.econbiz.de/10008486555

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

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

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

Monetary policy under sudden stops

Cúrdia, Vasco - Federal Reserve Bank of New York - 2007

This paper proposes a model to investigate the effects of monetary policy in an emerging market economy that experiences a sudden stop of capital inflows. The model features credit frictions, debt denominated in foreign currency, imported inputs, and households that have access to the...

Persistent link: https://www.econbiz.de/10005420493

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 …

Persistent link: https://www.econbiz.de/10005420638

Payday holiday: how households fare after payday credit bans

Morgan, Donald P.; Strain, Michael R. - Federal Reserve Bank of New York - 2007

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 … substitutes such as the bounced-check “protection” sold by credit unions and banks or loans from pawnshops.> …

Persistent link: https://www.econbiz.de/10005420672

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