108 posts on "Crisis"
August 25, 2014
Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It’s Okay
Funds Service is a large-value payment system, operated by the Federal Reserve Bank of New York, that facilitates more than $3 trillion a day in payments.
August 8, 2014
Crisis Chronicles: The Hamburg Crisis of 1799 and How Extreme Winter Weather Still Disrupts the Economy
With intermittent war raging across much of Western Europe near the end of the eighteenth century, by about 1795, Hamburg had replaced Amsterdam as an important hub for commodities trade.
July 11, 2014
Crisis Chronicles: The Collapse of the French Assignat and Its Link to Virtual Currencies Today
In the late 1700s, France ran a persistent deficit and by the late 1780s struggled with how to balance the budget and pay down the debt.
June 6, 2014
Crisis Chronicles: Canal Mania (1793)
Today, a leisurely trip down a canal on a quiet Sunday afternoon is a reminder of an unhurried time away from the hectic pace of modern commerce.
May 9, 2014
April 14, 2014
Depositor Discipline of Risk‑Taking by U.S. Banks
The recent financial crisis caused the largest rise in the number of bank failures since the unprecedented banking crisis of the 1980s and early 1990s.
April 11, 2014
Crisis Chronicles: Not Worth a Continental—The Currency Crisis of 1779 and Today’s European Debt Crisis
During the late 1770s, a newly founded United States began to run up significant debts to finance the American Revolution.
March 7, 2014
Crisis Chronicles: The Credit and Commercial Crisis of 1772
During the decade prior to 1772, Britain made the most of an expansion in colonial lands that required significant capital investment across the East and West Indies and North America.
February 24, 2014
What Makes a Bank Stable? A Framework for Analysis
Thomas M. Eisenbach and Tanju Yorulmazer One of the major roles of banks and other financial intermediaries is to channel funds from savings into valuable projects. In doing so, banks engage in “liquidity and maturity transformation,” since they finance long-term, illiquid projects while funding themselves with short-term, liquid liabilities. By performing this important role, banks […]
February 7, 2014
Crisis Chronicles: The Commercial Credit Crisis of 1763 and Today’s Tri‑Party Repo Market
During the economic boom and credit expansion that followed the Seven Years’ War (1756-63), Berlin was the equivalent of an emerging market, Amsterdam’s merchant bankers were the primary sources of credit, and the Hamburg banking houses served as intermediaries between the two.
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