Narrow search
Showing 1 - 10 of 194
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Monetary policy in deflation : the liquidity trap in history and practice
Orphanides, Athanasios - 2004
Persistent link: https://www.econbiz.de/10001904094
Cover Image
Monetary policy in deflation : the liquidity trap in history and practice
Orphanides, Athanasios; Shiratsuka, Shigenori - In: The North American journal of economics and finance : a … 15 (2004) 1, pp. 101-124
Persistent link: https://www.econbiz.de/10001981476
Cover Image
The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2015
Persistent link: https://www.econbiz.de/10011430123
Cover Image
Did the founding of the Federal Reserve affect the vulnerability of the interbank system to systemic risk?
Carlson, Mark; Wheelock, David C. - 2016 - Draft: July 18, 2016
Persistent link: https://www.econbiz.de/10011539785
Cover Image
An anatomy of U.S. personal bankruptcy under Chapter 13
Eraslan, Hülya; Koşar, Gizem; Li, Wenli; Sarte, … - 2016
We build a structural model of Chapter 13 bankruptcy that captures salient features of personal bankruptcy under Chapter 13. We estimate our model using a novel data set that we construct from bankruptcy court dockets recorded in Delaware in 2001 and 2002. Our estimation results highlight the...
Persistent link: https://www.econbiz.de/10011419852
Cover Image
The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2015
We present a dynamic structural model of subprime adjustable-rate mortgage (ARM) borrowers making payment decisions taking into account possible consequences of different degrees of delinquency from their lenders. We empirically implement the model using unique data sets that contain information...
Persistent link: https://www.econbiz.de/10011499436
Cover Image
The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2016
Persistent link: https://www.econbiz.de/10011449387