Banks play a critical role in international trade by offering letters of credit (LCs) that substantially reduce the risk faced by exporters.
May 21, 2014
Why U.S. Exporters Use Letters of Credit
Posted at 7:00 am in Exports, Financial Institutions, International Economics | Permalink | Comments (2)
May 19, 2014
The Trade Finance Business of U.S. Banks
Banks facilitate international trade by providing financing and guarantees to importers and exporters.
May 16, 2014
Just Released: The New York Fed Staff Forecast—May 2014
Today, the Federal Reserve Bank of New York (FRBNY) is hosting the spring meeting of its Economic Advisory Panel (EAP).
Posted at 10:30 am in Exports, Forecasting, Inflation, Macroeconomics, Unemployment | Permalink | Comments (1)
Will the United States Benefit from the Trans‑Pacific Partnership?
U.S. involvement in what could be one of the world’s largest free trade agreements, the Trans-Pacific Partnership (TPP), has garnered a lot of attention, especially since the entry of Japan into negotiations last year.
May 14, 2014
When Are Equity Investors Paid to Take Risk?
Most gauges of “the” equity risk premium have declined since the financial crisis but remain elevated, even as broad market indexes near record highs.
May 13, 2014
Just Released: Young Student Loan Borrowers Remained on the Sidelines of the Housing Market in 2013
Last year, our blog presented results from the FRBNY Consumer Credit Panel (CCP) indicating that, at a time of unprecedented growth in student debt, student borrowers were collectively retreating from housing and auto markets. In this post, we compare our 2012 findings to the news for 2013.
Posted at 11:15 am in Economic History, Education, Household Finance, Housing | Permalink | Comments (3)
May 12, 2014
May 9, 2014
May 7, 2014
Can Investors Use Momentum to Beat the U.S. Treasury Market?
Decades of research have produced a library on the “momentum” anomaly in markets. Momentum refers to the tendency for financial assets with the best prior returns to continue to outperform, at least for a time.
May 5, 2014
No Good Deals—No Bad Models
The recent financial crisis has highlighted the significance of unhedgable, illiquid positions in complex securities for individual financial institutions and for the global financial system as a whole.
Posted at 7:00 am in Financial Markets | Permalink
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