Similar Search Results

Federal Reserve Liquidity Provision during the Financial Crisis of 2007-2009

Fleming, Michael J. - 2012

This paper examines the Federal Reserve's unprecedented liquidity provision during the financial crisis of 2007 …-2009. It first reviews how the Fed provides liquidity in normal times. It then explains how the Fed's new and expanded … liquidity facilities were intended to enable the central bank to fulfill its traditional lender-of-last-resort role during the …

Persistent link: https://www.econbiz.de/10013102405

Liquidity Risk, Credit Risk and the Federal Reserve’s Responses to the Crisis

Sarkar, Asani - 2009

aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this …

Persistent link: https://www.econbiz.de/10013156383

Corporate Governance and Banks : What Have We Learned from the Financial Crisis?

Mehran, Hamid - 2011

Recent academic work and policy analysis give insight into the governance problems exposed by the financial crisis and suggest possible solutions. We begin this paper by explaining why governance of banks differs from governance of non-financial firms. We then look at four areas of governance:...

Persistent link: https://www.econbiz.de/10013122805

Basel III : Long-Term Impact on Economic Performance and Fluctuations

Angelini, Paolo - 2011

in the level of steady-state output, relative to the baseline. The impact of the new liquidity regulation is of a similar …

Persistent link: https://www.econbiz.de/10013128984

The Value of Internal Sources of Funding Liquidity : U.S. Broker-Dealers and the Financial Crisis

Caglio, Cecilia; Copeland, Adam M.; Martin, Antoine - 2021

We use confidential and novel data to measure the benefit to broker-dealers of being affiliated with a bank holding company and the resulting access to internal sources of funding. We accomplish this by comparing the balance sheets of broker-dealers that are associated with bank holding...

Persistent link: https://www.econbiz.de/10013226301

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

Acharya, Viral V. - 2013

In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We … investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial …

Persistent link: https://www.econbiz.de/10013077991

Did Liquidity Providers Become Liquidity Seekers? Evidence from the CDS-Bond Basis during the 2008 Financial Crisis

Choi, Jaewon - 2014

crisis is often attributed to corporate bond dealers' failure to provide liquidity. We investigate this common perception … using unique data on dealers' trading. We show that corporate bond dealers provided liquidity in response to major selling … activity by clients when the CDS-bond basis widened. Although providing liquidity, dealers did not trade aggressively enough to …

Persistent link: https://www.econbiz.de/10013062427

Auctions Implemented by the Federal Reserve Bank of New York during the Great Recession

Armantier, Olivier - 2013

During the Great Recession, the Federal Reserve implemented several novel programs to address adverse conditions in financial markets. Three of these temporary programs relied on an auction mechanism: the Term Auction Facility, the Term Securities Lending Facility, and the disposition of the...

Persistent link: https://www.econbiz.de/10013075093

Money, Credit, Monetary Policy, and the Business Cycle in the Euro Area : What Has Changed Since the Crisis?

Giannone, Domenico - 2019

This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...

Persistent link: https://www.econbiz.de/10012871932

Central Bank Macroeconomic Forecasting during the Global Financial Crisis : The European Central Bank and Federal Reserve Bank of New York Experiences

Alessi, Lucia - 2014

This paper documents macroeconomic forecasting during the global financial crisis by two key central banks: the European Central Bank and the Federal Reserve Bank of New York. The paper is the result of a collaborative effort between the two institutions, allowing us to study the time-stamped...

Persistent link: https://www.econbiz.de/10013050511