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Liquidity risk, credit risk, and the Federal Reserve's responses to the crisis
Sarkar, Asani - Federal Reserve Bank of New York - 2009
--in particular, balance sheet constraints and counterparty credit risk. The empirical evidence supports the Fed's views on the … primacy of balance sheet constraints in the earlier stages of the crisis and the increased prominence of counterparty credit …
Persistent link: https://www.econbiz.de/10005078435
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A preliminary assessment of the TALF
Dudley, William - Federal Reserve Bank of New York - 2009
Remarks at the Securities Industry and Financial Markets Association and Pension Real Estate Association's Public-Private Investment Program Summit, New York City.
Persistent link: https://www.econbiz.de/10010724933
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Preparing for a smooth (eventual) exit
Sack, Brian P. - Federal Reserve Bank of New York - 2010
Remarks at the National Association for Business Economics Policy Conference, Arlington, Virginia
Persistent link: https://www.econbiz.de/10010724972
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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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What the euro crisis means for taxpayers and the U.S. economy
Dudley, William C. - Federal Reserve Bank of New York - 2011
Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.
Persistent link: https://www.econbiz.de/10010725013
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More lessons from the crisis
Dudley, William - Federal Reserve Bank of New York - 2009
Remarks at the Center for Economic Policy Studies (CEPS) Symposium, Princeton, New Jersey.
Persistent link: https://www.econbiz.de/10010725054
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Prices and quantities in the monetary policy transmission mechanism
Adrian, Tobias; Shin, Hyun Song - Federal Reserve Bank of New York - 2009
refocused attention on other channels of monetary policy, notably the transmission of policy through the supply of credit and … and thereby target the unusually wide spreads in a variety of credit markets. While classic monetary policy targets a …
Persistent link: https://www.econbiz.de/10008636160
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Consumption and credit: a model of time-varying liquidity constraints
Ludvigson, Sydney - Federal Reserve Bank of New York - 1996
This paper investigates the role of consumer credit in determining real consumption growth in aggregate, post-war U ….S. data. This paper presents evidence that predictable growth in consumer credit is significantly related to consumption …-varying and dependent on current income. The theoretical framework rationalizes the importance of predictable credit growth in …
Persistent link: https://www.econbiz.de/10005387379
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Decomposing short-term return reversal
Da, Zhi; Liu, Qianqiu; Schaumburg, Ernst - Federal Reserve Bank of New York - 2011
The profit to a standard short-term return reversal strategy can be decomposed analytically into four components: 1) across-industry return momentum, 2) within-industry variation in expected returns, 3) under-reaction to within-industry cash flow news, and 4) a residual. Only the residual...
Persistent link: https://www.econbiz.de/10009321123
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Market declines: Is banning short selling the solution?
Battalio, Robert; Mehran, Hamid; Schultz, Paul - Federal Reserve Bank of New York - 2011
In response to the sharp decline in prices of financial stocks in the fall of 2008, regulators in a number of countries banned short selling of particular stocks and industries. Evidence suggests that these bans did little to stop the slide in stock prices, but significantly increased costs of...
Persistent link: https://www.econbiz.de/10009358585