Federal Reserve Bank of New York publications Economic research and commentary from Federal Reserve Bank of New York https://fedinprint.org/search?facets[]=provider_literal_array:Federal+Reserve+Bank+of+New+York Tue, 21 Jul 2026 11:09:33 +0000 Nonbank Subsidiaries and the Hidden Fragility of Internal Capital Markets Reallocation https://fedinprint.org/item/fednls/103547 https://fedinprint.org/item/fednls/103547 Cetorelli, Nicola; Kundu, Shohini 2026-07-17 banks; nonbanks; bank holding companies (BHCs); regulation; arbitrage; boundaries of the firm 20260717 10.59576/lse.20260717 Liberty Street Economics Capitalizing on Nonbanks: Regulatory Arbitrage Within Bank Holding Companies https://fedinprint.org/item/fednls/103533 https://fedinprint.org/item/fednls/103533 Cetorelli, Nicola; Kundu, Shohini 2026-07-15 banks; nonbanks; bank holding companies (BHCs); regulation; arbitrage; boundaries of the firm 20260715 10.59576/lse.20260715 Liberty Street Economics How Basel III Changes Where Capital Sits: Nonbank Subsidiaries as Equity Reservoirs https://fedinprint.org/item/fednls/103545 https://fedinprint.org/item/fednls/103545 Cetorelli, Nicola; Kundu, Shohini 2026-07-16 banks; nonbanks; bank holding companies (BHCs); regulation; arbitrage; boundaries of the firm 20260716 10.59576/lse.20260716 Liberty Street Economics Bank Runs With and Without Bank Failure https://fedinprint.org/item/fednsr/103544 https://fedinprint.org/item/fednsr/103544 Verner, Emil; Luck, Stephan; Correia, Sergio A. 2026-07-01 143 bank runs; bank failures; banking crises; financial stability; financial history; artificial intelligence (AI) 1198 10.59576/sr.1198 Staff Reports Stability of Thy Times https://fedinprint.org/item/fednsp/103535 https://fedinprint.org/item/fednsp/103535 Williams, John C. 2026-07-15 inflation; stability; resilience; monetary policy; labor market; artificial intelligence (AI); technology Speech The International RBC Model Finally Works! https://fedinprint.org/item/fednsr/103524 https://fedinprint.org/item/fednsr/103524 Challe, Edouard; Acharya, Sushant; Coulibaly, Louphou 2026-07-01 59 incomplete markets; countercyclical risk; exchange rate; open-economy macro puzzles; macroeconomic comovements 1197 10.59576/sr.1197 Staff Reports Repo Market Structure and Monetary Policy Implementation https://fedinprint.org/item/fednsp/103510 https://fedinprint.org/item/fednsp/103510 Perli, Roberto 2026-07-09 Repo market; ample reserves; Central Clearing; monetary policy; money market conditions; reserve management purchases (RMPs) Speech Effect of Tariffs on U.S. Small Businesses https://fedinprint.org/item/fednls/103509 https://fedinprint.org/item/fednls/103509 Aarons, Will; Sarkar, Asani 2026-07-09 tariffs; small business performance; Second District 20260709 10.59576/lse.20260709 Liberty Street Economics The Value of Central Bank Relationships https://fedinprint.org/item/fednsp/103506 https://fedinprint.org/item/fednsp/103506 Nordstrom, Anna 2026-07-07 Central Banks; collaboration; Cooperation; global financial markets Speech More Tariff Pass‑Through Is in the Pipeline https://fedinprint.org/item/fednls/103505 https://fedinprint.org/item/fednls/103505 Montalbano, Nick; Abel, Jaison R.; Amiti, Mary; Deitz, Richard; Heise, Sebastian 2026-07-08 tariffs; pass-through; imports; prices 20260708 10.59576/lse.20260708 Liberty Street Economics What Do Over 3,000 Bank Runs Teach Us About Banking Crises? https://fedinprint.org/item/fednls/103502 https://fedinprint.org/item/fednls/103502 Luck, Stephan; Correia, Sergio A.; Verner, Emil 2026-07-07 banking; bank runs; bank failures; banking crises; financial crises; deposit insurance 20260707b 10.59576/lse.20260707b Liberty Street Economics Using AI to Let History Speak About Bank Runs https://fedinprint.org/item/fednls/103501 https://fedinprint.org/item/fednls/103501 Verner, Emil; Correia, Sergio A.; Luck, Stephan 2026-07-07 bank runs; banking crises; bank failures; deposit insurance; liquidity; solvency; artificial intelligence (AI) 20260707a 10.59576/lse.20260707a Liberty Street Economics The Disappearing Overnight Drift https://fedinprint.org/item/fednls/103479 https://fedinprint.org/item/fednls/103479 Boyarchenko, Nina; Larsen, Lars C.; Whelan, Paul 2026-07-01 overnight drift; closing order imbalances 20260701 10.59576/lse.20260701 Liberty Street Economics Liquidity Fades as Treasuries Age https://fedinprint.org/item/fednls/103473 https://fedinprint.org/item/fednls/103473 Chaboud, Alain P.; Huh, Yesol; Keane, Frank M.; Shachar, Or; Fleming, Michael J.; Correia Golay, Ellen 2026-06-30 Treasury market; market structure; off-the-run; liquidity; trading 20260630 10.59576/lse.20260630 Liberty Street Economics How Resilient Were Emerging Market Economies Through the 2022‑23 U.S. Monetary Tightening Cycle? https://fedinprint.org/item/fednls/103439 https://fedinprint.org/item/fednls/103439 Akinci, Ozge; Queraltó, Albert; Ahmed, Shaghil 2026-06-26 spillovers; growth-driven U.S. monetary shocks; monetary-driven U.S. monetary shocks; emerging markets; Vulnerabilities 20260626 10.59576/lse.20260626 Liberty Street Economics Evolving Market Structure and the Desk’s Role https://fedinprint.org/item/fednsp/103427 https://fedinprint.org/item/fednsp/103427 Chung, Lisa 2026-06-22 market structure; Dollar role; monetary policy; financial market infrastructures; digital assets; US dollar Speech The Post‑COVID Decline in the Labor Share https://fedinprint.org/item/fednls/103426 https://fedinprint.org/item/fednls/103426 Narayanan, Srinidhi; Schuh, Rachel; Audoly, Richard; Guerin, Miles 2026-06-24 labor share; wage growth 20260624 10.59576/lse.20260624 Liberty Street Economics Synthetic Stablecoins and Financial Stability https://fedinprint.org/item/fednls/103415 https://fedinprint.org/item/fednls/103415 Garofano, Jeff; Azar, Pablo D. 2026-06-23 stablecoins; cryptocurrency; cryptocurrency markets; financial stability; market liquidity; derivatives markets 20260623 10.59576/lse.20260623 Liberty Street Economics The Unintended Effects of Interest Rate Caps: Credit Reallocation to Safer Borrowers https://fedinprint.org/item/fednls/103390 https://fedinprint.org/item/fednls/103390 Seltzer, Lee; Morgan, Donald P.; Pham, Thu; Chakrabarti, Rajashri; Leonard, Gabriel 2026-06-03 usury limit; household debt; consumer finance 20260603b 10.59576/lse.20260603b Liberty Street Economics The Unintended Effects of Interest Rate Caps: Credit Rationing for Risky Borrowers https://fedinprint.org/item/fednls/103389 https://fedinprint.org/item/fednls/103389 Morgan, Donald P.; Seltzer, Lee; Chakrabarti, Rajashri; Leonard, Gabriel; Pham, Thu 2026-06-03 usury limit; household debt; consumer finance 20260603a 10.59576/lse.20260603a Liberty Street Economics Struggling Regional Small Businesses Deeply Pessimistic About 2026 Prospects https://fedinprint.org/item/fednls/103353 https://fedinprint.org/item/fednls/103353 Sarkar, Asani; Aarons, Will 2026-06-02 small business performance; Second District 20260602 10.59576/lse.20260602 Liberty Street Economics Remote Work Leaves Younger Workers Sidelined https://fedinprint.org/item/fednls/103346 https://fedinprint.org/item/fednls/103346 Pallais, Amanda; Emanuel, Natalia; Harrington, Emma 2026-06-01 remote work; unemployment 20260601 10.59576/lse.20260601 Liberty Street Economics Productivity Growth and the Challenge of Real-Time Policymaking https://fedinprint.org/item/fednsp/103325 https://fedinprint.org/item/fednsp/103325 Williams, John C. 2026-05-28 productivity growth; monetary policy; real interest rates; inflation Speech The Regional Side of the Story: K‑Shaped Pattern in Region, Wider Gap in Gas Spending https://fedinprint.org/item/fednls/103316 https://fedinprint.org/item/fednls/103316 Pham, Thu; Pinkovskiy, Maxim L.; Pierce, Beckett; Chakrabarti, Rajashri 2026-05-28 inequality; K-shaped economy; retail spending; Second District; gasoline 20260528 10.59576/lse.20260528 Liberty Street Economics Food Insecurity and Consumer Pessimism https://fedinprint.org/item/fednls/103312 https://fedinprint.org/item/fednls/103312 Kosar, Gizem; Mehta, Ishva; Van der Klaauw, Wilbert 2026-05-27 consumer sentiment; food insecurity 20260527 10.59576/lse.20260527 Liberty Street Economics