In the 1600s, a stream flowed near the land now occupied by the Federal Reserve Bank of New York, running all the way to the East River.
Today, the Federal Reserve Bank of New York begins releasing its monthly survey of regional business activity, called the Business Leaders Survey.
Olivier Armantier Even when banks face acute liquidity shortages, they often appear reluctant to borrow at the New York Fed’s discount window (DW) out of concern that such borrowing may be interpreted as a sign of financial weakness. This phenomenon is often called “DW stigma.” In this post, we explore possible reasons why banks may […]
One of the main missions of central banks is to act as a lender of last resort to the banking system.
Convicted murderer and millionaire gambler John Law spotted an opportunity to leverage paper money and credit to finance trade.
Stress tests are important tools for assessing whether financial institutions have enough capital to operate in bad economic conditions.
Economic research shows that differences in cultural traits and values—for example, trust, or the propensity to cooperate and not free-ride on others—are important determinants of economic outcomes, such as growth, economic and financial development, and international trade.