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The federal response to home mortgage distress : lessons from the Great Depression

Wheelock, David C. - In: Review / Federal Reserve Bank of St. Louis 90 (2008) 3, pp. 133-148

Persistent link: https://www.econbiz.de/10003729273

The Macroeconomics of U.S. Consumer Bankruptcy Choice : Chapter 7 or Chapter 13?

Li, Wenli - 2012

Because of the recent surge in U.S. personal defaults, Congress is currently debating bankruptcy reform legislation requiring a means test for Chapter 7 filers. This paper explores the effects of such a reform in a model where, in contrast to previous work, bankruptcy options and production are...

Persistent link: https://www.econbiz.de/10013097246

Furnishing an 'Elastic Currency' : The Founding of the Fed and the Liquidity of the U.S. Banking System

Carlson, Mark A. - 2019

liquidity and operate the payments system. Reform advocates noted that banking panics tended to occur at times of the year when … national banks were much less dependent on correspondent banks for seasonal liquidity and that peaks in lending by individual … Reserve Banks aligned with the liquidity needs of banks in their districts. Further, the article shows that after the Fedâ …

Persistent link: https://www.econbiz.de/10012900197