From the Vault: Gauging Treasury Market Liquidity
A review of recent work on Liberty Street Economics examining liquidity in the U.S. Treasury market
Falling Oil Prices and Global Saving
The rise in oil prices from near $30 per barrel in 2000 to around $110 per barrel in mid-2014 was a dramatic reallocation of global income to oil producers.
Just Released: U.S. Economy in a Snapshot
The Research Group at the New York Fed would like to announce the publication of US Economy in a Snapshot[RR1] .
Becoming a Large Bank? It’s Not Easy
Rajlakshmi De and Hamid Mehran Size is usually seen as the leading indication of the costs that a bank failure would impose on society. As a result, the Dodd-Frank Act of 2010 requires banks to have adequate capital and liquidity to mitigate default risk and imposes additional requirements on larger banks to enhance their safety. […]
The Myth of First-Quarter Residual Seasonality
The current policy debate is influenced by the possibility that the first-quarter GDP data were affected by “residual seasonality.”
Is Cheaper Oil Good News or Bad News for U.S. Economy?
Oil prices have declined substantially since the summer of 2014.
Crisis Chronicles: Railway Mania, the Hungry Forties, and the Commercial Crisis of 1847
Money was plentiful in the United Kingdom in 1842, and with low yields on government bonds and railway shares paying handsome dividends, the desire to speculate spread—as one observer put it, “the contagion passed to all, and from the clerk to the capitalist the fever reigned uncontrollable and uncontrolled” (Francis’s History of the Bank of England).
Does Business Training Work?
Leaders of both developing and advanced economies believe that encouraging the development of small businesses will lead to job creation and economic growth.
What Drives Buyout Booms and Busts?
Valentin Haddad, Erik Loualiche, and Matthew Plosser Buyout activity by financial investors fluctuates substantially over time. In the United States, peak years result in close to one hundred public-to-private buyout transactions and trough years in as few as ten. The typical buyout is primarily funded by debt, hence the term “leveraged buyout” (or LBO). As […]