The reasons why the macroeconomic policy mix has been different on the two sides of the Atlantic in recent years remain a hotly debated issue.
Tri-party repo is popular among securities dealers as a way to raise short-term funding.
Ever since the first census of the U.S. population was taken, back in 1790, New York City has been the nation’s largest city, and for most of this time by a factor of more than two.
he recent financial crisis underscored the importance of understanding how liquidity conditions for banks (or other financial institutions) influence the banks’ lending to domestic and foreign customers.
In a May 2014 Historical Echoes post, Marja Vitti describes what happened to money too old to be left in circulation: it was incinerated by the Federal Reserve Banks until passage of the Clean Air Act of 1970, after which the money was shredded.
Japan’s population is shrinking and getting older, with the population falling at a 0.2 percent rate this year, and the working-age population (ages 16 to 64), falling at a much faster rate of almost 1.5 percent.
Volatility, a measure of how much financial markets are fluctuating, has been near its record low in many asset classes.
In 1815, England emerged victorious after what had been nearly a quarter century of war with France.
Over the past thirty years, the typical large bank has become a global entity with subsidiaries in many countries.