313 posts on "Financial Markets"
October 7, 2013
What’s News?
Linda S. Goldberg Economic news moves markets. Most analyses find that economic news is incorporated quickly (within minutes) into asset prices, with some measurable persistence of these effects, and with some spillovers across national borders. Some types of announcements—for example, U.S. nonfarm payrolls announcements—generate much larger asset price responses than others. Generally, news that is […]
September 6, 2013
Crisis Chronicles: Tulip Mania, 1633‑37
James Narron and David Skeie As Mike Dash notes in his well-researched and gripping Tulipomania, tulips are native to central Asia and arrived in the 1570s in what’s now Holland, primarily through the efforts of botanist Charles de L’Escluse, who classified and spread tulip bulbs among horticulturalists in the late 1500s and early 1600s. By […]
August 26, 2013
August 21, 2013
Creating a History of U.S. Inflation Expectations
Central bankers closely monitor inflation expectations because they’re an important determinant of actual inflation.
August 19, 2013
Are Higher Haircuts Better? A Paradox
Brian Begalle, Adam Copeland, Antoine Martin, Jamie McAndrews, and Susan McLaughlin Repurchase agreement (repo) markets played an important role in the 2007-09 financial crisis in the United States, and much discussion since then has focused on the role of repo haircuts. A repo is essentially a loan collateralized by securities. Typically, the value of the […]
August 5, 2013
The Recent Bond Market Selloff in Historical Perspective
Long-term Treasury yields have risen sharply in recent months.
July 17, 2013
Magnifying the Risk of Fire Sales in the Tri‑Party Repo Market
The fragility inherent in the tri-party repo market came to light during the 2008-09 financial crisis.
May 8, 2013
Are Stocks Cheap? A Review of the Evidence
We surveyed banks, we combed the academic literature, we asked economists at central banks.
April 15, 2013
Do Treasury Term Premia Rise around Monetary Tightenings?
Some commentators have expressed concern that Treasury yields might rise sharply once the Federal Open Market Committee (FOMC) begins to raise the federal funds rate (FFR), worrying, in particular, about a sudden increase in Treasury term premia.
Posted at 7:00 am in Expectations, Financial Markets, Forecasting, Macroeconomics, Unemployment | Permalink
April 3, 2013
I Want My Money Now: The Highs and Lows of Payments in Real Time
Peel back the layers of complex financial institutions and instruments, and you’re
left with individuals demanding to be paid, and to be paid quickly.
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