Reserve discount window through contacts with Federal Reserve members. We find that individual bank attributes related to the … that a bank's position within the interbank network (as a user or provider of liquidity) predicts the timing of its entry …

next three months. A comprehensive bank-level database reveals the public responded to signals sent by regulators' actions …

instrument of monetary policy. We show that by paying an appropriate rate on reserves, the central bank can pin the price level …

via contractions in credit and disruption in financial markets. Managing the size and composition of the central bank …

What set of institutions can support the activity of a central bank? Designing a central bank requires specifying its … objective function, including the bank's mandate at different horizons and the choice of banker(s), specifying the resource … constraint that limits the resources that the central bank generates, the assets it holds, or the payments on its liabilities …

In spite of the mystique behind a central bank's balance sheet, its resource constraint bounds the dividends it can … multiple equilibria arise if debt repudiation lowers fiscal surpluses, the central bank may help to select one equilibrium. The … central bank's main lever over fundamentals is to raise inflation, but otherwise the balance sheet gives it little leeway …

evidence, we describe how the Federal Reserve Bank of Atlanta halted the spread of the panic by rushing currency to member … banks. Analysis based on a new micro-level database of commercial banks in Florida shows that bank failures would have been …