The repurchase agreement (repo), a contract that closely resembles a collateralized loan, is widely used by financial institutions to lend to each other.
Coming May 1:
Consumer Spending Trends and the K-Shaped Economy
Consumer Spending Trends and the K-Shaped Economy
July 9, 2014
July 7, 2014
Why Hasn’t the Yen Depreciation Spurred Japanese Exports?
The Japanese yen depreciated 30 percent from its peak in the fourth quarter of 2011 against its trading partners.
June 27, 2014
Historical Echoes: The United States’ First Credit Union–Run Out of a Gentleman Lawyer’s Front Parlor
St. Mary’s Bank was the first credit union created in the United States, in Manchester, New Hampshire, in 1908.
June 26, 2014
From Our Archive: Student Debt in Perspective
The Editors We read with interest a new Brookings Institution report, Is a Student Loan Crisis on the Horizon?, assessing the weight of the student debt burden. It was also pleasing to see the New York Times, several of our Twitter followers, and others citing work on this blog in counterpoint.
June 25, 2014
Do Currency Forwards Say Anything about the Future Value of the U.S. Dollar?
J. Benson Durham Currency forwards do include useful information about the future value of the U.S. dollar, but any messages are hard to decipher without tools. Just as the yield curve reflects expected short rates as well as term premiums, foreign exchange forwards embed not only anticipated depreciation but also premiums for currency risk. This […]
June 23, 2014
The Capitol Since the Nineteenth Century: Political Polarization and Income Inequality in the United States
Even the most casual observer of American politics knows that today’s Republican and Democratic parties seem to disagree with one another on just about every issue under the sun
June 9, 2014
June 6, 2014
Crisis Chronicles: Canal Mania (1793)
Today, a leisurely trip down a canal on a quiet Sunday afternoon is a reminder of an unhurried time away from the hectic pace of modern commerce.
June 5, 2014
What Americans (Don’t) Know about Student Loan Collections
U.S. student debt has more than tripled since 2004, and at over $1 trillion is now substantially greater than both credit card and auto debt balances.
June 4, 2014
The CLASS Model: A Top‑Down Assessment of the U.S. Banking System
Central banks and bank supervisors have increasingly relied on capital stress testing as a supervisory and macroprudential tool.
Posted at 7:00 am in Financial Institutions | Permalink
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