Did’ya ever notice how silly those Historical Echoes posts can get?
Look for our next post on March 23.
January 16, 2015
January 14, 2015
FRN Follow‑Up: Who Are the Market Participants?
Ezechiel Copic, Luis Gonzalez, Caitlin Gorback, Blake Gwinn, and Ernst Schaumburg On January 29, 2014, the U.S. Treasury held its first auction of a two-year floating-rate note (FRN), which pays a fixed spread over the floating thirteen-week bill rate rather than a fixed coupon. In this post, we investigate the aftermath of the January auction […]
Posted at 7:00 am in Exchange Rates | Permalink
January 12, 2015
Hybrid Intermediaries
Nicola Cetorelli A successful hybrid is an offspring of two species that, in a new environment, is better suited for survival than its own parents. Evolution in the financial “ecosystem” seems to have driven the emergence of hybrid intermediaries.
Posted at 7:00 am | Permalink
January 9, 2015
January 7, 2015
What Does Disagreement Tell Us about Uncertainty?
Uncertainty is of considerable interest for understanding the behavior of individuals as well as the movements in key macroeconomic and financial variables.
January 5, 2015
Worker Flows in Banking Regulation
In the aftermath of the 2008 financial crisis, job transitions of personnel in banking supervision and regulation between the public and private sectors—often labeled the revolving door—have come under intense scrutiny and have been blamed by certain economists (Johnson and Kwak), legal scholars (John Coffee in the Financial Times), and policymakers (Dodd-Frank Act of 2010, Section 968) for distorting regulators’ actions in favor of banks.
January 2, 2015
Historical Echoes: The Demise of Silver Certificates
On June 24, 1968, thousands of people swarmed assay offices in the United States, anxious to unload their holdings of silver certificates.
Posted at 11:04 am in Historical Echoes | Permalink
December 29, 2014
Data Insight: Which Growth Rate? It’s a Weighty Subject
The growth rate in real gross domestic product (GDP) is a conventional indicator of the economy’s health.
December 22, 2014
Is There a Future for Credit Default Swap Futures?
Or Shachar Last year, IntercontinentalExchange (ICE) launched a credit default swap index futures contract. In the first two weeks there were spurts of interest in it, but soon it became evident that the new product was unable to generate sufficient demand. Given their short life span in the credit default swaps (CDS) market, the question […]
December 19, 2014
Just Released: New Source for Perspective on Regional Household Debt and Credit
The New York Fed has released a new product—the Household Debt and Credit Report for the Second District—which tracks consumer credit conditions in the tri-state area.
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