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Testimony of Thomas C. Baxter, Jr., and Scott G. Alvarez, General Counsel of the Board of Governors, before the Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U.S. House of Representatives, Washington, D.C.
Persistent link: https://www.econbiz.de/10010724964
Joint written testimony before the Congressional Oversight Panel, Washington, D.C.
Persistent link: https://www.econbiz.de/10010724976
Joint written testimony before the Congressional Oversight Panel, Washington, D.C.
Persistent link: https://www.econbiz.de/10008493873
Testimony of Thomas C. Baxter, Jr., and Scott G. Alvarez, General Counsel of the Board of Governors, before the Subcommittee on Domestic Monetary Policy and Technology, Committee on Financial Services, U.S. House of Representatives, Washington, D.C.
Persistent link: https://www.econbiz.de/10009146831
Persistent link: https://www.econbiz.de/10001512185
Persistent link: https://www.econbiz.de/10000966660
We consider the desirability of modifying a standard Taylor rule for a central bank's interest rate policy to incorporate either an adjustment for changes in interest rate spreads (as proposed by Taylor [2008] and McCulley and Toloui [2008]) or a response to variations in the aggregate volume of...
Persistent link: https://www.econbiz.de/10005078433
In responding to the severity and broad scope of the financial crisis that began in 2007, the Federal Reserve has made aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this paper, I examine the Fed's actions in light of the...
Persistent link: https://www.econbiz.de/10005078435
We provide an overview of data requirements necessary to monitor repurchase agreements (repos) and securities lending (sec lending) markets for the purposes of informing policymakers and researchers about firm-level and systemic risk. We start by explaining the functioning of these markets, and...
Persistent link: https://www.econbiz.de/10009421388
Shadow banks conduct credit intermediation without direct, explicit access to public sources of liquidity and credit guarantees. Shadow banks contributed to the credit boom in the early 2000s and collapsed during the financial crisis of 2007-09. We review the rapidly growing literature on shadow...
Persistent link: https://www.econbiz.de/10010551303