299 posts on "Financial Markets"
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.
May 7, 2012
The Flash Crash, Two Years On
On May 6, 2010, several U.S.-based equity products underwent an extraordinary price decline and recovery, all within less than half an hour.
Posted at 7:00 am in Financial Markets | Permalink
May 2, 2012
Euro Area Spending Imbalances and the Sovereign Debt Crisis
Euro area periphery countries were borrowing heavily from abroad in the run-up to the sovereign debt crisis.
April 30, 2012
The Impact of Trade Reporting on the Interest Rate Derivatives Market
In recent years, regulators in the United States and abroad have begun to strengthen regulations governing over-the-counter (OTC) derivatives trading, driven by concerns over the decentralized and opaque nature of current trading practices.
April 9, 2012
Innovations in Treasury Debt Instruments
On January 31, 2012, the Treasury Borrowing Advisory Committee advised the Secretary of the Treasury that it unanimously supported the issuance of floating-rate notes by the U.S. Treasury.
March 19, 2012
Failure Is No Longer a (Free) Option for Agency Debt and Mortgage‑Backed Securities
A recommended charge on settlement fails for agency debt and agency mortgage-backed securities (MBS) took effect on February 1, 2012.
February 29, 2012
Is Risk Rising in the Tri‑Party Repo Market?
At the New York Fed, we follow the repo market closely and, with some of my colleagues, I’ve tried to keep readers of this blog informed about how the market works, how it’s being reformed, and what risks remain.
February 27, 2012
How the High Level of Reserves Benefits the Payment System
Since October 2008, the Federal Reserve has increased the size of its balance sheet by lending to financial intermediaries and purchasing assets on a large scale.
February 15, 2012
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