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Seventy Years of U.S. Financial Intermediation

Hein, Scott E. - 2023

, but less than three times that held by the Federal Reserve. The average annual growth of financial asset holdings of … credit unions (12%) has generally exceeded the average annual growth of financial asset holdings of banks (7%) over the last … seventy years.Since the turn of the century, the average annual growth of financial asset holdings of both credit unions (8 …

Persistent link: https://www.econbiz.de/10014254933

Narrow Banking : An Overdue Reform that Could Solve the Too-Big-To-Fail Problem and Align U.S. And U.K. Regulation of Financial Conglomerates

Wilmarth, Arthur E. - 2012

Persistent link: https://www.econbiz.de/10013107038

Elective shareholder liability

Conti-Brown, Peter - 2011

Government bailouts undermine the core principles of capitalism. They are also expensive, unjust, unpopular, and usually represent dramatic deviations from the rule of law. However, they are also, in some cases, necessary. The “problem of bailouts,” then, is that they are almost always...

Persistent link: https://www.econbiz.de/10009506648

U.S. Dollar Currency Premium in Corporate Bonds

Caramichael, John; Gopinath, Gita; Liao, Gordon - 2022

We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that dissect the perceived advantage of borrowing in the dollar. First, while the dollar dominates...

Persistent link: https://www.econbiz.de/10013306776

Balance sheets, exchange rates, and international monetary spillovers

Akinci, Ozge; Queralto, Albert - 2018

We use a two-country New Keynesian model with balance sheet constraints to investigate the magnitude of international spillovers of U.S. monetary policy. Home borrowers obtain funds from domestic households in domestic currency, as well as from residents of the foreign economy (the United...

Persistent link: https://www.econbiz.de/10011857420

How Do Inventory Costs Affect Dealer Behavior in the US Corporate Bond Market?

Randall, Oliver - 2015

I show that dealer behavior in the US corporate bond market is consistent with dealers bearing a time-varying cost of holding inventory. Liquidity is worse when inventory costs increase, especially for bonds with lower credit ratings, customers with lower bargaining power, and larger trades....

Persistent link: https://www.econbiz.de/10013024760

Why Discrete Price Fragments U.S. Stock Exchanges and Disperses Their Fee Structures

Chao, Yong - 2019

Stock exchange operators compete for order flow by setting "make" fees for limit orders and "take" fees for market orders. When traders quote continuous prices, they can choose prices that perfectly neutralize any fee division, and traders stream to the exchange with the lowest total fee. The...

Persistent link: https://www.econbiz.de/10012904610

Components of U.S. Financial Sector Growth, 1950-2013

Antill, Samuel - 2014

sector in the mid-1990s and peaking just before the crisis. Overall, the results show that both the pre-crisis growth and the …

Persistent link: https://www.econbiz.de/10013055770

Macs and PCs : Observations of the Canadian, U.S., and Global Financial Systems

McGraw, Patricia A. - 2011

This paper looks at differences in the stability the Canadian and U.S. financial systems and provides an options framework for studying areas where financial regulations could enhance global market stability

Persistent link: https://www.econbiz.de/10013129018

Sunshine trading : flashes of trading intent at the NASDAQ

Skjieltorp, Johannes A.; Sojli, Elvira; Tham, Wing Wah - 2012

Persistent link: https://www.econbiz.de/10009724313