One of the main missions of central banks is to act as a lender of last resort to the banking system.
January 13, 2014
January 10, 2014
Crisis Chronicles: The Mississippi Bubble of 1720 and the European Debt Crisis
Convicted murderer and millionaire gambler John Law spotted an opportunity to leverage paper money and credit to finance trade.
January 8, 2014
Comparing Bank and Supervisory Stress Testing Projections
Stress tests are important tools for assessing whether financial institutions have enough capital to operate in bad economic conditions.
Posted at 7:00 am in Financial Institutions | Permalink
January 6, 2014
Are Economic Values Transmitted from Parents to Children?
Economic research shows that differences in cultural traits and values—for example, trust, or the propensity to cooperate and not free-ride on others—are important determinants of economic outcomes, such as growth, economic and financial development, and international trade.
December 30, 2013
Fairfield County Weathers Job Losses in Finance
Fairfield County, comprising the southwestern corner of Connecticut, is sometimes thought of as an affluent “bedroom community” outside New York City—a place filled with commuters taking home large paychecks.
December 23, 2013
The Fragility of an MMF‑Intermediated Financial System
Since the financial crisis of 2007-09—and, in particular, the run on prime money market funds (MMFs) in September 2008—policymakers have been concerned that the funds’ fragility may render banks themselves more susceptible to risk.
Posted at 7:02 am in Fed Funds, Financial Institutions, Financial Intermediation | Permalink | Comments (1)
Historical Echoes: Santa, the Grinch, and Scrooge for the Holidays
The Grinch (from the Dr. Seuss children’s book) and Santa are often invoked to describe what’s happening with consumer spending around the holidays.
Posted at 7:00 am in Historical Echoes | Permalink
December 9, 2013
Who’s Borrowing in the Fed Funds Market?
The federal funds market plays an important role in the implementation of monetary policy.
Posted at 7:00 am in Fed Funds, Financial Institutions, Financial Markets, Monetary Policy | Permalink | Comments (2)
December 6, 2013
Introducing the FRBNY Survey of Consumer Expectations: Household Finance Expectations
In this fourth and final post in our series describing the new FRBNY Survey of Consumer Expectations (SCE), we present the final component of the survey, dedicated to household finance.
December 5, 2013
Introducing the FRBNY Survey of Consumer Expectations: Labor Market Expectations
In the previous two blog postings in this series, we described the goals, structure, and content of the new FRBNY Survey of Consumer Expectations (SCE) and presented some findings regarding inflation expectations.
RSS Feed
Follow Liberty Street Economics
