Paraphrasing a famous Supreme Court opinion: “I know bank complexity when I see it.”
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Liberty Street EconomicsMarch 31, 2014Measuring Global Bank Complexity
Posted at 7:00 am in Banks, Euro Area, Financial Markets, International Economics, Regulation | Permalink | Comments (0)March 28, 2014Evolution in Bank Complexity
In yesterday’s post, our colleagues discussed the historic changes in financial sector size.
March 27, 2014The Growth of Murky Finance
Building upon previous posts in this series that discussed individual banks, we examine the historical growth of the entire financial sector, relative to the rest of the economy.
Posted at 7:00 am in Economic History, Financial Institutions, Financial Markets, Regulation | Permalink | Comments (3)March 26, 2014Do “Too-Big-to-Fail” Banks Take On More Risk?
In the previous post, João Santos showed that the largest banks benefit from a bigger discount in the bond market relative to the largest nonbank financial and nonfinancial issuers.
Evidence from the Bond Market on Banks’ “Too-Big-to-Fail” Subsidy
Yesterday’s post presented evidence on a possible upside of very large banks, namely, lower costs.
March 25, 2014Do Big Banks Have Lower Operating Costs?
Despite recent financial reforms, there is still widespread concern that large banking firms remain “too big to fail.”
Introducing a Series on Large and Complex Banks
The chorus of criticism levied against mega-banks has, in some cases, outrun the research needed to back the criticism.
March 24, 2014Convexity Event Risks in a Rising Interest Rate Environment
The rise in the ten-year Treasury rate last summer was perhaps the most dramatic since the 2003 bond market sell-off.
March 10, 2014Has Automated Trading Promoted Efficiency in the FX Spot Market?
The relative merits of algorithmic and high-frequency trading are most often discussed in the context of equity markets.
Posted at 7:05 am in Exchange Rates, Financial Markets, High Frequency Trading | Permalink | Comments (1)Just Released: Beyond the Unemployment Rate: Eight Different Faces of the Labor Market
This morning, the New York Fed released a new set of charts measuring various dimensions of the labor market.
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