260 posts on "Financial Institutions"
August 27, 2012
Interest on Excess Reserves and Cash “Parked” at the Fed
The European Central Bank recently lowered from 0.25 percent to zero the interest rate it pays on funds that Eurozone banks hold on deposit with it.
July 23, 2012
A Principle for Forward‑Looking Monitoring of Financial Intermediation: Follow the Banks!
In the previous posts in this series on the evolution of banks and financial intermediaries, my colleagues and I considered the extent to which banks still play a central role in financial intermediation, given the rise of the shadow banking system.
Posted at 7:02 am in Banks, Financial Institutions, Financial Intermediation, Regulation | Permalink | Comments (1)
Income Evolution at BHCs: How Big BHCs Differ
As noted in the introduction (add link) to this series, over the past two decades financial intermediation has evolved from a traditional, bank-centered system to one where nonbanks play an increasing role. For my contribution (add link) to the series, I document how the sources of bank holding companies’ (BHC) income have evolved.
July 20, 2012
Peeling the Onion: A Structural View of U.S. Bank Holding Companies
When market observers talk about a “bank,” they are generally not referring to a single legal entity.
July 19, 2012
The Dominant Role of Banks in Asset Securitization
As the previous posts have discussed, financial intermediation has evolved over the last few decades toward shadow banking.
July 18, 2012
The Role of Bank Credit Enhancements in Securitization
As Nicola Cetorelli observes in his introductory post, securitization is a key element of the evolution from banking to shadow banking.
July 17, 2012
The Rise of the Originate‑to‑Distribute Model and the Role of Banks in Financial Intermediation
In yesterday’s post, Nicola Cetorelli argued that while financial intermediation has changed dramatically over the last two decades, banks have adapted and remained key players in the process of channeling funds between lenders and borrowers.
July 16, 2012
Introducing a Series on the Evolution of Banks and Financial Intermediation
It used to be simple: Asked how to describe financial intermediation, you would just mention the word “bank.”
Posted at 9:00 am in Banks, Financial Institutions, Financial Intermediation, Financial Markets, Nonbank (NBFI), Regulation | Permalink
July 2, 2012
CCAR: More than a Stress Test
The Federal Reserve recently released the results of its latest stress test of large bank holding companies (BHCs).
June 11, 2012
Money Market Funds and Systemic Risk
On September 16, 2008, Reserve Primary Fund, a money market fund (MMF) with $65 billion in assets under management, announced that losses in its portfolio had caused the value of shares in the fund to drop from $1.00 to $0.97.
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