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297 posts on "Financial Markets"
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
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.

Posted at 7:00 am in Fed Funds, Financial Markets, Repo | Permalink
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

The Dodd‑Frank Act’s Potential Effects on the Credit Rating Industry

Credit rating agencies have been widely criticized in recent years for the poor performance of their ratings on mortgage-backed securities (MBS) and other structured-finance bonds.

February 8, 2012

Do Payday Lenders Target Minorities?

Payday lenders make small, short-term loans to millions of households across the country.

December 19, 2011

When Do Trading Frictions Increase Liquidity?

Economists tend to assume that frictions that limit trading in financial markets reduce liquidity and lower investor welfare.

Posted at 7:00 am in Financial Markets, Liquidity | Permalink
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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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