By Ozge Akinci, Gianluca Benigno, and Albert Queralto Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. This blog post deals with the global effects of the COVID-19 sudden stop in capital flows: The COVID-19 outbreak has triggered unusually fast outflows of dollar funding[…]
By Egemen Eren, Andreas Schrimpf, and Vladyslav Sushko Key takeaways: Dislocations in domestic US dollar money markets reverberated globally. Non-US banks lost a substantial part of funding from money market funds and had to borrow at shorter maturities. Nevertheless, the severity of dollar funding strains varied substantially across banks, and eased for banks from jurisdictions[…]
by Philip R. Lane, Member of the Executive Board of the ECB, at the Institute for Monetary and Financial Stability Policy Webinar, 19 May 2020 In my recent blog post, I described the range of scenarios that have been developed by ECB staff to support the analysis of the near-term and medium-term macroeconomic dynamics in[…]
By Mitsutoshi Adachi, Matteo Cominetta, Christoph Kaufmann and Anton van der Kraai Stablecoins with the potential for global reach (“global stablecoins”) could help to address unmet consumer demand for payment services that are fast, cheap and easy to use and can operate across borders. However, while there is indeed the potential for such benefits, global[…]
Author(s): Viral V. Acharya, Katharina Bergant, Matteo Crosignani, Tim Eisert, and Fergal J. McCann Date: May 2020 Abstract: We analyze how regulatory constraints on household leverage—in the form of loan-to-income and loan-to-value limits—affect residential mortgage credit and house prices as well as other asset classes not directly targeted by the limits. Supervisory loan level data[…]
CfP Deadline Date:June 15, 2020 Conference Event:January 2, 2021 Event Location:Chicago, IL, USA Organizer(s):Research Department of the Federal Reserve Bank of Chicago The 14th annual Day‐Ahead Conference on Financial Markets and Institutions is an opportunity for productive interaction in advance of the 2021 ASSA meeting and the sharing of policy‐relevant research among economists in the[…]
CfP Deadline Date: December 31, 2020 Conference Event: mid-2021, exact date t.b.a. Event Location: Chicago, IL, USA Organizer(s): Review of Finance & University of Chicago The Review of Finance is launching a Special Issue on China, guest edited by Zhiguo He (University of Chicago) and co-edited by Yongxiang Wang (University of Southern California, Shanghai Advanced[…]