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Assessing the potential for further foreign demand for U.S. assets: Has financing U.S. current account deficits made foreign investors overweight in U.S. securities?

Bertaut, Carol C. - Federal Reserve Board (Board of Governors of the … - 2008

Since 2001, foreign investors have acquired roughly $5 trillion in U.S. securities--more than doubling their holdings …. Although the rapid growth of foreign holdings of U.S. securities raises concerns that foreign investors may have become too ….S. and other foreign securities in their portfolios in recent years. Based on data from the most recent comprehensive surveys …

Persistent link: https://www.econbiz.de/10005368400

Noise traders, excess volatility, and a securities transactions tax

Kupiec, Paul H. - Federal Reserve Board (Board of Governors of the … - 1995

Persistent link: https://www.econbiz.de/10005720972

Bringing new issues to market: a theory of underwriting

Benveniste, Lawrence M.; Spindt, Paul A. - Federal Reserve Board (Board of Governors of the … - 1988

Persistent link: https://www.econbiz.de/10005721095

A survey of exchange-traded basket instruments

Kupiec, Paul H. - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005721104

The economics of the private equity market.

Fenn, George W.; Liang, Nellie; Prowse, Stephen - Federal Reserve Board (Board of Governors of the … - 1995

The private equity market has become an important source of funds for start-up firms, private middle-market firms, firms in financial distress, and public firms seeking buyout financing. Between 1980 and 1994, the amount of private equity outstanding rose from less than $5 billion to $100...

Persistent link: https://www.econbiz.de/10005721440

The impact of underwriting and dealing on bank returns and risks

Kwast, Myron L. - Federal Reserve Board (Board of Governors of the … - 1987

Persistent link: https://www.econbiz.de/10005498248

Monthly estimates of U.S. cross-border securities positions

Bertaut, Carol C.; Tryon, Ralph W. - Federal Reserve Board (Board of Governors of the … - 2007

This paper reports monthly estimates of U.S. cross-border securities positions obtained by combining the (now) annual …

Persistent link: https://www.econbiz.de/10005498723

The fragility of discretionary liquidity provision - lessons from the collapse of the auction rate securities market

Han, Song; Li, Dan - Federal Reserve Board (Board of Governors of the … - 2010

. The laboratory of our study is the recent collapse of the auction rate securities (ARS) market. Using a comprehensive …

Persistent link: https://www.econbiz.de/10008679723

Could asymmetric information alone have caused the collapse of private-label securitization?

Beltran, Daniel O.; Thomas, Charles P. - Federal Reserve Board (Board of Governors of the … - 2010

A key feature of the 2007-2008 financial crisis is that for some classes of securities trade has ceased. And where … class of security. This seems to be especially true for those securities where the payoff streams are particularly complex … (for example, CDOs). One explanation for this is that information about these securities' intrinsic values is asymmetric …

Persistent link: https://www.econbiz.de/10008690999

Litigation risk, strategic disclosure and the underpricing of initial public offerings

Hanley, Kathleen Weiss; Hoberg, Gerard - Federal Reserve Board (Board of Governors of the … - 2011

Using word content analysis on the time-series of IPO prospectuses, we find evidence that issuers trade off underpricing and strategic disclosure as potential hedges against litigation risk. This tradeoff explains a significant fraction of the variation in prospectus revision patterns, IPO...

Persistent link: https://www.econbiz.de/10008872028