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Payment intermediation and the origins of banking
McAndrews, James; Roberds, William - Federal Reserve Bank of New York - 1999
The medieval banks of continental Europe facilitated trade by serving as payment intermediaries. Depositors commonly …
Persistent link: https://www.econbiz.de/10005420514
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Settlement risk under gross and net settlement
Kahn, Charles M.; McAndrews, James; Roberds, William - Federal Reserve Bank of New York - 1999
Previous comparative analyses of gross and net settlement have focused on the credit risk of the central counterparty … in net settlement arrangements, and on the incentives for participants to alter the risk of the portfolio under net …
Persistent link: https://www.econbiz.de/10005726596
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Economic policy review
Federal Reserve Bank of New York - New York, NY - 1.1995 - 18.2012,3
Persistent link: https://www.econbiz.de/10000540679
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Inventory dynamics and business cycles : what has changed?
McCarthy, Jonathan P. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001726735
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Tariffs and the Great Depression revisited
Crucini, Mario J. (contributor); Kahn, James A. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001933509
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Markov switching in disaggregate unemployment rates
Chauvet, Marcelle (contributor); Juhn, Chinhui (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001590063
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Recent changes in the US business cycle
Chauvet, Marcelle (contributor);  … - 2001 - [Elektronische Ressource]
The U.S. business cycle expansion that started in March 1991 is the longest on record. This paper uses statistical techniques to examine whether this expansion is a onetime unique event or whether its length is a result of a change in the stability of the U.S. economy. Bayesian methods are used...
Persistent link: https://www.econbiz.de/10001591424
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Trading risk and volatility in interest rate swap spreads
Kambhu, John (contributor) - 2004 - [Elektronische Ressource]
This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this … swap spread tends to converge to a long-run level, although trading risk can sometimes cause the spread to diverge from … that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility …
Persistent link: https://www.econbiz.de/10001936329
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Modeling uncertainty : predictive accuracy as a proxy for predictive confidence
Rich, Robert W. (contributor); Tracy, Joseph S. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001751995