Recent academic work and policy analysis give insight into the governance problems exposed by the financial crisis and …

In responding to the severity and broad scope of the financial crisis that began in 2007, the Federal Reserve has made … paper, I examine the Fed’s actions in light of the underlying financial amplification mechanisms propagating the crisis — in … primacy of balance sheet constraints in the earlier stages of the crisis and the increased prominence of counterparty credit …

overall impact of the program. -- Financial crisis ; banking ; derivative pricing ; convertible preferred ; risk management …

In the wake of the recent financial crisis, over-the-counter (OTC) derivatives have been blamed for increasing systemic … risk. Although OTC derivatives were not a central cause of the crisis, the complexity and limited transparency of the …

financial crisis suggests the presence of financial amplification mechanisms, which allow relatively small shocks to propagate …’s interventions during different stages of the crisis in terms of this literature. We interpret the Fed’s early-stage liquidity … prices. By comparison, the Fed’s later-stage crisis programs take into account adverse-selection amplifications that operate …

This paper examines the impact of the financial crisis of 2008, specifically the bankruptcy of Lehman Brothers, on the …. -- Fed funds ; financial crisis ; liquidity ; interbank lending ; hoarding …