Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago 2009 International Banking Conference Chicago, IL

A banking system is more vulnerable when there are felt more negative effects on this as a consequence of the global financial crisis events. In the context of the objective of enhancing financial stability and, in particular, limiting the likelihood of failure of the banking system it is useful...

In this study we present an analytical framework providing guidelines for discussions and expositions on the various possible transmission mechanisms of the impacts of the global crisis on the Chinese economy. While the crisis had discernible impacts on its finance, the main channels through...

The global financial crisis and the European debt crisis have loomed large over the globe, with severe consequences on government finances in many countries. Switzerland has fared relatively well throughout this crisis. In this paper, surveying a selection of empirical research on Switzerland,...

We examine bilateral US- and Thailand-based equity portfolios around the 1997 baht crisis using an extreme value framework for safety-first (SF) portfolio optimisation, with comparisons to the Markowitz mean-variance minimum variance portfolio (MVP). The optimal SF portfolio is invested 100 per...

The problematic point of the noise trader model is the difficulty of measuring noise and testing theories based on noise trading. We investigate the relationship between the trading volume and the stock returns, using the Granger-causality type of methodology, as a means of testing the noise...

Financial wealth over the last decades has become the clearest sign of economic advancement and well-being. The collapse of financial markets in the last 2 years has been a cataclysmic event. The loss of financial wealth has been enormous, and the consequences for the economies of the world are...

This article focuses on the financial globalization of the emerging market economies (EMEs) and the important differences across countries and country groups in this regard, particularly in the relative importance of different types of capital inflows and the pace of financial globalization....