Similar Search Results

The Federal Reserve's Financial Crisis Response C : Providing US Dollars to Foreign Central Banks

Wiggins, Rosalind - 2016

The financial crisis that began in late 2007 with the decline in the United States (U.S.) subprime mortgage markets, quickly spread to other markets and eventually disrupted the interbank funding markets in the U.S. as well as overseas. To address the strain in the U.S. dollar (USD) funding...

Persistent link: https://www.econbiz.de/10013000249

The Federal Reserve's Financial Crisis Response A : Lending & Credit Programs for Depository Institutions

Wiggins, Rosalind - 2016

Beginning in the summer 2007 the Federal Reserve (the Fed) was called upon to address a severe disruption in the interbank lending markets sparked by a downturn in the subprime mortgage market. As these developments began to impact the ability of banks to raise adequate funding, the Fed...

Persistent link: https://www.econbiz.de/10013000261

Guarantees and Capital Infusions in Response to Financial Crises A : Haircuts and Resolutions

Rhee, June - 2016

closed bank resolution to Citigroup under the FDIC's systemic risk authority. However, Wachovia's Board of Directors …

Persistent link: https://www.econbiz.de/10013000280

The Lehman Brothers Bankruptcy B : Risk Limits and Stress Tests

Wiggins, Rosalind - 2015

Investment banks are in the business of taking calculated risks. Risk management infrastructure facilitates the safe … pursuit of profits and the balancing of associated risks. By 2006, Lehman Brothers was thought to have a very respectable risk … management system, and even its regulator, the Securities and Exchange Commission, viewed its risk framework as being fully …

Persistent link: https://www.econbiz.de/10013025064

Getting Up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

Gorton, Gary; Metrick, Andrew - In: Journal of Economic Literature 50 (2012) 1, pp. 128-50

covers the key facts and mechanisms in the build-up of risk, the panics in short-term-debt markets, the policy reactions, and …

Persistent link: https://www.econbiz.de/10010815448

The Federal Reserve and Panic Prevention: The Roles of Financial Regulation and Lender of Last Resort

Gorton, Gary; Metrick, Andrew - In: Journal of Economic Perspectives 27 (2013) 4, pp. 45-64

This paper surveys the role of the Federal Reserve within the financial regulatory system, with particular attention to the interaction of the Fed's role as both a supervisor and a lender-of-last-resort. The institutional design of the Federal Reserve System was aimed at preventing banking...

Persistent link: https://www.econbiz.de/10010711301

The Federal Reserve's Financial Crisis Response E : The Term Asset-Backed Securities Loan Facility

Wiggins, Rosalind - 2016

Securitization is a process that allows banks and other lenders to package loans and sell them as bonds called asset-backed securities (ABS), removing them from their balance sheets and immediately generating cash for new loans. ABS are an important component of the financing cycle for many...

Persistent link: https://www.econbiz.de/10013000245

The Federal Reserve's Financial Crisis Response D : Commercial Paper Market Facilities

Wiggins, Rosalind - 2016

During the summer 2007 the U.S. residential mortgage market began to decline sharply negatively impacting the asset-backed commercial paper (ABCP) market, which often relied on mortgages as underlying support. Money Market Mutual Funds (MMMFs), significant investors in commercial paper (CP),...

Persistent link: https://www.econbiz.de/10013000255

The Federal Reserve's Financial Crisis Response B : Lending & Credit Programs for Primary Dealers

Wiggins, Rosalind - 2016

Beginning in the summer 2007 the Federal Reserve (the Fed) deployed numerous conventional and innovative programs to address the credit crisis occurring in the interbank lending markets that was beginning to affect the broader financial markets and threaten the economy at large. Two of those...

Persistent link: https://www.econbiz.de/10013000256

Restructuring and Forgiveness in Financial Crises A : The Mexican Peso Crisis of 1994-1995

McNamara, Christian - 2016

Following a year in which repeated political turmoil sapped investor confidence in Mexico, putting pressure on the peso and draining the country's foreign exchange reserves, on December 22, 1994 the Mexican government sparked a financial crisis by unexpectedly abandoning its policy of anchoring...

Persistent link: https://www.econbiz.de/10013000269