304 posts on "Financial Markets"
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.
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.
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