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Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations
Frost, Joshua; Logan, Lorie; Martin, Antoine; McCabe, … - Federal Reserve Board (Board of Governors of the … - 2015
We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RRPs available to a broad set of investors,...
Persistent link: https://www.econbiz.de/10011255343
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Banking panics and deflation in dynamic general equilibrium
Carapella, Francesca - Federal Reserve Board (Board of Governors of the … - 2015
This paper develops a framework to study the interaction between banking, price dynamics, and monetary policy. Deposit contracts are written in nominal terms: if prices unexpectedly fall, the real value of banks' existing obligations increases. Banks default, panics precipitate, economic...
Persistent link: https://www.econbiz.de/10011261279
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Modeling Money Market Spreads: What Do We Learn about Refinancing Risk?
Brousseau, Vincent; Nikolaou, Kleopatra; Pill, Huw - Federal Reserve Board (Board of Governors of the … - 2014
manner. Central bank interventions have reduced the spreads as well as the effect of refinancing risk on them. …
Persistent link: https://www.econbiz.de/10011119859
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Assessing Targeted Macroprudential Financial Regulation: The Case of the 2006 Commercial Real Estate Guidance for Banks
Bassett, William F.; Marsh, Blake - Federal Reserve Board (Board of Governors of the … - 2014
In the mid-2000s, federal bank regulatory agencies became alarmed by steadily increasing concentrations of commercial … of macroprudential regulation to have a significant and broad influence on bank behavior. …
Persistent link: https://www.econbiz.de/10010886224
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A framework for analyzing bank lending: a speech at the 13th Annual University of North Carolina Banking Institute, Charlotte, North Carolina, March 30, 2009
Duke, Elizabeth A. - Federal Reserve Board (Board of Governors of the … - 2009
Persistent link: https://www.econbiz.de/10010725647
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The cyclical behavior of short term business lending: implications for financial propagation mechanisms
Gertler, Mark; Gilchrist, Simon - Federal Reserve Board (Board of Governors of the … - 1993
Persistent link: https://www.econbiz.de/10005721094
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A framework for analyzing bank lending: a speech at the 13th Annual University of North Carolina Banking Institute, Charlotte, North Carolina, March 30, 2009
Duke, Elizabeth A. - Federal Reserve Board (Board of Governors of the … - 2009
Persistent link: https://www.econbiz.de/10010665386
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Did U.S. bank supervisors get tougher during the credit crunch? Did they get easier during the banking boom? Did it matter to bank lending?
Berger, Allen N.; Kyle, Margaret K.; Scalise, Joseph M. - Federal Reserve Board (Board of Governors of the … - 2000
We test three hypotheses regarding changes in supervisory "toughness" and their effects on bank lending. The data … provide modest support for all three hypotheses that there was an increase in toughness during the credit crunch period (1989 …, affected bank lending. However, all of the measured effects are small, with 1% or less of loans receiving harsher or easier …
Persistent link: https://www.econbiz.de/10005393710
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Capital requirements, business loans, and business cycles: an empirical analysis of the standardized approach in the new Basel Capital Accord
Carpenter, Seth B.; Whitesell, William; Zakrajsek, Egon - Federal Reserve Board (Board of Governors of the … - 2001
carry a uniform risk weight, irrespective of variations in credit risk. The proposed new Capital Accord of the Bank for … International Settlements provides for a greater sensitivity of capital requirements to credit risk, raising the question of whether … agencies. We combine Moody's data on changes in U.S. borrowers' credit ratings since 1970 with estimates of the risk profile of …
Persistent link: https://www.econbiz.de/10005393992
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Asymmetric information, bank lending, and implicit contracts: a stylized model of continuing relationships
Sharpe, Steven A. - Federal Reserve Board (Board of Governors of the … - 1987
Persistent link: https://www.econbiz.de/10005724025