In a June post, we explained why the design of money market funds (MMFs) makes them prone to runs and thereby contributes to financial instability. Today, we outline a proposal for strengthening MMFs that we’ve put forward in a recent New York Fed staff report.
Historical Echoes: It’s Not Easy Being Green
COLOURlovers is a website for people obsessed with color and design.
Historical Echoes: “Too Big to Fail” Is One Big Phrase
It’s a book! It’s an HBO film! It’s a T-shirt! It’s the subject of one of the two top quotes of 2009!
The New Bank Resolution Regimes and “Too‑Big‑to‑Fail”
During the recent financial crisis, the absence of an orderly resolution regime forced governments of several countries to provide extraordinary support to a number of systemically important financial institutions (SIFIs) that were considered “too-big-to-fail.”
Is U.S. Monetary Policy Seasonal?
Many economic time series display periodic and predictable patterns within each calendar year, generally referred to as seasonal effects.
Historical Echoes: Policymakers Gone Fishin’–The Beginnings of the Fed’s Jackson Hole Symposium
The Jackson Hole symposium (meeting, conference, summit) is referred to every which way in the media and even by Fed people themselves.
Just Released: August Indexes of Coincident Economic Indicators Show Uneven Growth across the Region
The August Indexes of Coincident Economic Indicators (CEIs) for New York State, New York City, and New Jersey, released today, give a mixed picture of current economic performance across the region.
Rebalancing the Economy in Response to Fiscal Consolidation
According to the Congressional Budget Office (CBO), under current policies the ratio of federal debt held by the public over gross domestic product—the debt-to-GDP ratio—will rise rapidly over the next decade.
How Much Can Refinancing Reduce the Risk of Mortgage Defaults?
Improving the ability of homeowners to take advantage of prevailing low mortgage rates by refinancing has remained an active topic of discussion.
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