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We show that Treasury bill auction procedures create classes of price-equivalent discount rates for bills with fewer … quantity shortfall rather than an unexploited profit opportunity. Auction results for weekly offerings of four-week bills and …
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"We conduct a systematic comparison of confidence intervals around estimated probabilities of default (PD), using several analytical approaches from large-sample theory and bootstrapped small-sample confidence intervals. We do so for two different PD estimation methods--cohort and duration...
Persistent link: https://www.econbiz.de/10002521762
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The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 limits thrift goodwill that can be counted as …
Persistent link: https://www.econbiz.de/10005420519
, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In …
Persistent link: https://www.econbiz.de/10005420555
Testimony before the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House of Representatives.> .
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Remarks at the Third Annual Connecticut Bank and Trust Company Economic Outlook Breakfast, Hartford, Connecticut.
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Remarks at Global Interdependence Center Central Banking Series Event, Federal Reserve Bank of Philadelphia.
Persistent link: https://www.econbiz.de/10010725012
auctions conducted to date and evaluate their efficacy by comparing the auction outcomes to prices of the underlying bonds in … market before and after each auction has occurred. We qualify our conclusions by noting that relatively few auctions have … to major changes in the way CDS contracts are settled when default occurs. Auctions are increasingly the mechanism used …
Persistent link: https://www.econbiz.de/10005004155