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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
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Idiosyncratic risk and volatility bounds, or can models with idiosyncratic risk solve the equity premium puzzle?
Lettau, Martin (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001590071
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No guarantees, no trade: how banks affect export patterns
Niepmann, Friederike - Federal Reserve Bank of New York - 2013
This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank’s share of the trade finance market...
Persistent link: https://www.econbiz.de/10010739556
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International banking and liquidity risk transmission: lessons from across countries
Buch, Claudia M.; Goldberg, Linda S. - Federal Reserve Bank of New York - 2014
studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …
Persistent link: https://www.econbiz.de/10010784190
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Recent developments in monetary policy implementation
Potter, Simon M. - Federal Reserve Bank of New York - 2013
Remarks before the Money Marketeers of New York University, New York City
Persistent link: https://www.econbiz.de/10010732462
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ECB monetary operations and the interbank repo market
Dunne, Peter G.; Fleming, Michael J.; Zholos, Andrey - Federal Reserve Bank of New York - 2013
We examine the relationship between monetary policy operations and interbank borrowing and lending of funds using sovereign bonds as collateral. We first establish that, in the precrisis period, there are important but rather weak relations between these funding sources and that this...
Persistent link: https://www.econbiz.de/10010732481
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Financial stability policies for shadow banking
Adrian, Tobias - Federal Reserve Bank of New York - 2014
This paper explores financial stability policies for the shadow banking system. I tie policy options to economic mechanisms for shadow banking that have been documented in the literature. I then illustrate the role of shadow bank policies using three examples: agency mortgage real estate...
Persistent link: https://www.econbiz.de/10010751388
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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
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Recent developments in monetary policy implementation
Potter, Simon - Federal Reserve Bank of New York - 2013
Remarks before the Money Marketeers of New York University, New York City
Persistent link: https://www.econbiz.de/10010748394
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The sensitivity of housing demand to financing conditions: evidence from a survey
Fuster, Andreas; Zafar, Basit - Federal Reserve Bank of New York - 2014
The sensitivity of housing demand to mortgage rates and available leverage is key to understanding the effect of monetary and macroprudential policies on the housing market. However, since there is generally no exogenous variation in these variables that is independent of confounding factors...
Persistent link: https://www.econbiz.de/10011093791