Liberty Street Economics
January 17, 2014

Historical Echoes: Maiden Lane, Where Now Such Waves of Commerce Flow

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.

Posted at 7:00 am in Historical Echoes | Permalink | Comments (1)
January 16, 2014

Just Released: Introducing the Business Leaders Survey

Today, the Federal Reserve Bank of New York begins releasing its monthly survey of regional business activity, called the Business Leaders Survey.

Posted at 10:15 am in Regional Analysis | Permalink | Comments (0)
January 15, 2014

Why Do Banks Feel Discount Window Stigma?

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 […]

January 13, 2014

Discount Window Stigma

One of the main missions of central banks is to act as a lender of last resort to the banking system.

Posted at 7:00 am in Financial Institutions | Permalink | Comments (0)
January 10, 2014

Crisis Chronicles: The Mississippi Bubble of 1720 and the European Debt Crisis

Convicted murderer and millionaire gambler John Law spotted an opportunity to leverage paper money and credit to finance trade.

Posted at 7:00 am in Crisis Chronicles | Permalink | Comments (5)
January 8, 2014

Comparing Bank and Supervisory Stress Testing Projections

Stress tests are important tools for assessing whether financial institutions have enough capital to operate in bad economic conditions.

Posted at 7:00 am in Financial Institutions | Permalink | Comments (0)
January 6, 2014

Are Economic Values Transmitted from Parents to Children?

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.

Posted at 7:00 am in Labor Economics | Permalink | Comments (4)
About the Blog

Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

The editors are Michael Fleming, Andrew Haughwout, Thomas Klitgaard, and Asani Sarkar, all economists in the Bank’s Research Group.

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