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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
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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
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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
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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
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Ireland and Iceland in Crisis A : Increasing Risk in Ireland
Zeissler, Arwin G - 2015
Ireland went from being the poorest member of the European Economic Community in 1973 to enjoying the second highest per-capita income among European countries by 2007. Healthy growth in the 1990s eventually gave way to a concentrated boom in property-related lending in the 2000s. The growth in...
Persistent link: https://www.econbiz.de/10013026262
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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
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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
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Basel III C : Internal Risk Models
McNamara, Christian - 2015
For financial regulators seeking to use regulatory requirements to manage risk in a banking system, there can be a … concern that such requirements crowd out efforts by banks to develop their own risk management systems. One way in which … regulators have attempted to solve this problem is to enable banks to use internal risk models to satisfy regulatory requirements …
Persistent link: https://www.econbiz.de/10013026587
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The Lehman Brothers Bankruptcy C : Managing the Balance Sheet Through the Use of Repo 105
Wiggins, Rosalind - 2015
Anton R. Valukas, the Lehman Brothers court-appointed bankruptcy examiner, produced a 2,200-page report detailing possible claims that the estate might pursue, and he identified several, from company officers to its independent auditors. The most startling revelation of the report, however, was...
Persistent link: https://www.econbiz.de/10013024569
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The Lehman Brothers Bankruptcy H : The Global Contagion
Wiggins, Rosalind - 2015
When Lehman Brothers filed for bankruptcy on September 15, 2008, it was the largest such filing in U.S. history and a huge shock to the world's financial markets, which were already stressed from the deflated housing bubble and questions about subprime mortgages. Lehman was the fourth-largest...
Persistent link: https://www.econbiz.de/10013024570