Forming long-term partnerships with customers and suppliers often creates a competitive advantage for firms because it permits resource sharing, eases financial constraints, and encourages investment in relationship-specific capital.
Highlights from the Global Research Forum on International Macroeconomics and Finance
International financial flows are a key feature of the global landscape and are relevant in many ways for central banks.
Household Formation within the “Boomerang Generation”
Young Americans’ living arrangements have changed strikingly over the past fifteen years, with recent cohorts entering the housing market at much lower rates and lingering much longer in their parents’ households.
Bank Capital and Risk: Cautionary or Precautionary?
Do riskier banks have more capital? Banking companies with more equity capital are better protected against failure, all else equal, because they can absorb more losses before becoming insolvent.
Just Released: January Business Leaders Survey Indicates Regional Business Conditions Are Finally Back to Normal
The New York Fed’s January Business Leaders Survey indicates that the regional economy kicked off the New Year on a positive note.
Historical Echoes: The World of Bank Names, According to Andy Rooney
Did’ya ever notice how silly those Historical Echoes posts can get?
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 […]
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.
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.

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