297 posts on "Financial Markets"
November 7, 2012
Federal Reserve Liquidity Facilities Gross $22 Billion for U.S. Taxpayers
During the 2007-09 crisis, the Federal Reserve took many measures to mitigate
disruptions in financial markets, including the introduction or expansion of
liquidity facilities.
Posted at 7:00 am in Fed Funds, Financial Markets, Liquidity, Monetary Policy | Permalink | Comments (3)
September 17, 2012
The Odd Behavior of Repo Haircuts during the Financial Crisis
Since the financial crisis began, there’s been substantial debate on the role of haircuts in U.S. repo markets.
August 29, 2012
If Interest Rates Go Negative . . . Or, Be Careful What You Wish For
The United States has slid into eight recessions in the last fifty years. Each time, the Federal Reserve sought to revive economic activity by reducing interest rates.
Posted at 7:05 am in Financial Institutions, Financial Markets, Monetary Policy | Permalink | Comments (7)
August 22, 2012
The Fed’s Emergency Liquidity Facilities during the Financial Crisis: The PDCF
During the height of the 2007-09 financial crisis, intermediation activities across the financial sector collapsed.
August 20, 2012
The Fed’s Emergency Liquidity Facilities during the Financial Crisis: The CPFF
This is the first post in a series that details the steps taken by the Fed in its role as lender of last resort during the 2007-09 financial crisis.
Posted at 9:48 am in Fed Funds, Financial Markets, Liquidity, Monetary Policy, Nonbank (NBFI) | Permalink
August 6, 2012
Intraday Liquidity Flows
Transactions denominated in U.S. dollars flow around the clock and around the globe, filling the pipelines that support commerce.
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 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 11, 2012
The Puzzling Pre‑FOMC Announcement “Drift”
For many years, economists have struggled to explain the “equity premium puzzle”—the fact that the average return on stocks is larger than what would be expected to compensate for their riskiness.
Posted at 7:00 am in Expectations, Financial Markets, Monetary Policy, Stocks | Permalink | Comments (9)
June 25, 2012
Mapping and Sizing the U.S. Repo Market
The U.S. repurchase agreement (repo) market is a large financial market where participants effectively provide collateralized loans to one another.
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