12 posts from "October 2011"
October 24, 2011
Using Crisis Losses to Calibrate a Regulatory Capital Buffer
In response to the enormous losses experienced during the recent financial crisis, the Basel Committee on Banking Supervision reached a new international agreement on the amount of capital banks will be required to hold.
October 21, 2011
Historical Echoes: Picturing a Century of Public Debt Burdens
Public debt has a long history, both here and abroad.
Posted at 10:00 am in Historical Echoes | Permalink
October 20, 2011
Just Released: Fed Proposes Simpler Rules for Banks’ Reserve Requirements
Reserve requirements—a critical tool available to Federal Reserve policymakers for the implementation of monetary policy—stipulate the amount of funds that banks and other depository institutions must hold in reserve against specified deposits, essentially checking accounts.
October 19, 2011
Sizing Up the Fed’s Maturity Extension Program
The Federal Open Market Committee (FOMC) recently announced its intention to extend the average maturity of its holdings of securities by purchasing $400 billion of Treasury securities with remaining maturities of six years to thirty years and selling an equal amount of Treasury securities with remaining maturities of three years or less.
October 18, 2011
Just Released: Money and Payments Workshop Examines Repo Market Reform
We have just posted the proceedings of a workshop held on October 7, 2011, which gathered the very latest thinking by academics, central bankers, and practitioners on how the repo market should be reformed to help avoid a recurrence of the recent financial crisis.
October 17, 2011
Back to the Future: Revisiting the European Crisis
Recent financial developments are calling into question the future of regional economic integration.
Posted at 10:00 am in Crisis, Economic History, Exchange Rates, Exports, International Economics | Permalink
October 14, 2011
Historical Echoes: The 1960s View of Modern Banking
In 1961, the Merchandise National Bank of Chicago produced a film presenting the newest development in leading-edge banking technology: computers.
Posted at 10:00 am in Historical Echoes | Permalink
October 12, 2011
Short‑Term Debt, Rollover Risk, and Financial Crises
One of the many striking features of the recent financial crisis was the sudden “freeze” in the market for the rollover of short-term debt.
Posted at 7:00 am in Credit, Crisis, Financial Institutions, Financial Markets, Inflation | Permalink
October 11, 2011
Did the Fed’s Term Auction Facility Work?
We argue that the Fed’s Term Auction Facility (TAF), introduced in December 2007, lowered the cost of borrowing of banks in the market during the recent financial crisis.
October 7, 2011
Historical Echoes: When Virtual Money Saved the Day
In 1993, a plan hatched by four former economics grad school students helped rescue Brazil from a fifty-year inflationary spiral after all other attempts had failed.
Posted at 10:00 am in Historical Echoes | Permalink
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