Search Results
Report
Nonlinearity and flight to safety in the risk-return trade-off for stocks and bonds
Vogt, Erik; Adrian, Tobias; Crump, Richard K.
(2015-04-01)
We document a highly significant, strongly nonlinear dependence of stock and bond returns on past equity market volatility as measured by the VIX. We propose a new estimator for the shape of the nonlinear forecasting relationship that exploits additional variation in the cross section of returns. The nonlinearities are mirror images for stocks and bonds, revealing flight to safety: expected returns increase for stocks when volatility increases from moderate to high levels, while they decline for Treasury securities. These findings provide support for dynamic asset pricing theories where the ...
Staff Reports
, Paper 723
Working Paper
Credit booms, banking crises, and the current account
Phoa, Wesley; Mack, Adrienne; Vandenabeele, Anne; Davis, J. Scott
(2014-05-13)
What is the marginal effect of an increase in the private sector debt-to-GDP ratio on the probability of a banking crisis? This paper shows that the marginal effect of rising debt levels depends on an economy's external position. When the current account is in surplus or in balance, the marginal effect of an increase in debt is rather small; a 10 percentage point increase in the private sector debt-to-GDP ratio increases the probability of a crisis by about 1 to 2 percentage points. However, when the economy is running a sizable current account deficit, implying that any increase in the debt ...
Globalization Institute Working Papers
, Paper 178
Report
The Prudential Toolkit with Shadow Banking
Hachem, Kinda; Kuncl, Martin
(2025-03-01)
Several countries now require banks or money market funds to impose state-contingent costs on short-term creditors to absorb financial stress. We study these requirements as part of the broader prudential toolkit in a model with five key ingredients: banks may face an aggregate stress state with high withdrawals; a fire-sale externality motivates a mix of non-contingent and state-contingent regulation; banks may use shadow technologies to circumvent regulation; parameters of the shadow technologies may be private information; and bailouts may occur. We characterize the optimal policy for ...
Staff Reports
, Paper 1142
Working Paper
The Anatomy of Financial Vulnerabilities and Crises
Lee, Seung Jung; Posenau, Kelly E.; Stebunovs, Viktors
(2017-02)
We extend the framework used in Aikman, Kiley, Lee, Palumbo, and Warusawitharana (2015) that maps vulnerabilities in the U.S. financial system to a broader set of advanced and emerging economies. Our extension tracks a broader set of vulnerabilities and, therefore, captures signs of different types of crises. The typical anatomy of the evolution of vulnerabilities before and after a financial crisis is as follows. Pressures in asset valuations materialize, and a build-up of imbalances in the external, financial, and nonfinancial sectors follows. A financial crisis is typically followed by a ...
International Finance Discussion Papers
, Paper 1191
Working Paper
Fiscal Multipliers and Financial Crises
Faria-e-Castro, Miguel
(2021-10-20)
I study the effects of the US fiscal policy response to the Great Recession, accounting both for standard tools and financial sector interventions. A nonlinear model calibrated to the US allows me to study the state-dependent effects of different fiscal policies. I combine the model with data on the fiscal policy response to find that the fall in consumption would have been almost 50% larger in the absence of that response for a cumulative loss of 7.18%. Transfers and bank recapitalizations yielded the largest fiscal multipliers through new transmission channels that arise from linkages ...
Working Papers
, Paper 2018-023
Working Paper
Credit and Liquidity Policies during Large Crises
Ebsim, Mahdi; Faria-e-Castro, Miguel; Kozlowski, Julian
(2022-09-29)
We compare firms’ financials during the Great Financial Crisis (GFC) and COVID-19. While the two crises featured similar increases in credit spreads, debt and liquid assets decreased during the GFC but increased during COVID-19. In the cross-section, leverage was the primary determinant of credit spreads and investment during the GFC, but liquidity was more important during COVID-19. We augment a quantitative model of firm capital structure with a motive to hold liquid assets. The GFC resembled a combination of productivity and financial shocks, while COVID-19 also featured liquidity ...
Working Papers
, Paper 2020-035
Discussion Paper
The Term Spread as a Predictor of Financial Instability
Parker, Dean; Schularick, Moritz
(2021-11-24)
The term spread is the difference between interest rates on short- and long-dated government securities. It is often referred to as a predictor of the business cycle. In particular, inversions of the yield curve—a negative term spread—are considered an early warning sign. Such inversions typically receive a lot of attention in policy debates when they occur. In this post, we point to another property of the term spread, namely its predictive ability for financial crisis events, both internationally and in historical U.S. data. We study the predictive power of the term spread for financial ...
Liberty Street Economics
, Paper 20211124
Working Paper
The Pass-Through of Sovereign Risk
Bocola, Luigi
(2015-04-16)
This paper examines the macroeconomic implications of sovereign credit risk in a business cycle model where banks are exposed to domestic government debt. The news of a future sovereign default hampers financial intermediation. First, it tightens the funding constraints of banks, reducing their available resources to finance firms (liquidity channel). Second, it generates a precautionary motive for banks to deleverage (risk channel). I estimate the model using Italian data, finding that i) sovereign credit risk was recessionary and that ii) the risk channel was sizable. I then use the model ...
Working Papers
, Paper 722
Working Paper
Tax Revolts and Sovereign Defaults
Arce, Fernando; Werquin, Nicolas; Morgan, Jan
(2024-02)
Protests and fiscal crises often coincide, with complex causal dynamics at play. We examine the interaction between tax revolts and sovereign risk using a quantitative structural model calibrated to Argentina during the Macri administration (2015-2019). In the model, the government can be controlled by political parties with different preferences for redistribution. Households may opt to revolt in response to the fiscal policies of the ruler. While revolts entail economic costs, they also increase the likelihood of political turnover. Our model mirrors the data by generating political crises ...
Working Paper Series
, Paper WP 2024-07
Working Paper
Upstream, Downstream & Common Firm Shocks
Yung, Julieta; Grant, Everett
(2019-04-12)
We develop a multi-sector DSGE model to calculate upstream and downstream industry exposure networks from U.S. input-output tables and test the relative importance of shocks from each direction by comparing these with estimated networks of firms? equity return responses to one another. The correlations between the upstream exposure and equity return networks are large and statistically significant, while the downstream exposure networks have lower ? but still positive ? correlations that are not statistically significant. These results suggest a low short-term elasticity of substitution ...
Globalization Institute Working Papers
, Paper 360
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of New York 111 items
Board of Governors of the Federal Reserve System (U.S.) 95 items
Federal Reserve Bank of St. Louis 31 items
Federal Reserve Bank of Philadelphia 25 items
Federal Reserve Bank of Cleveland 15 items
Federal Reserve Bank of San Francisco 15 items
Federal Reserve Bank of Minneapolis 13 items
Federal Reserve Bank of Atlanta 12 items
Federal Reserve Bank of Boston 10 items
Federal Reserve Bank of Dallas 10 items
Federal Reserve Bank of Richmond 10 items
Federal Reserve Bank of Chicago 9 items
Federal Reserve Bank of Kansas City 6 items
show more (8)
show less
FILTER BY Series
Finance and Economics Discussion Series 84 items
Staff Reports 68 items
Working Papers 67 items
Liberty Street Economics 24 items
Working Paper Series 20 items
Economic Policy Review 19 items
International Finance Discussion Papers 11 items
FRB Atlanta Working Paper 10 items
Globalization Institute Working Papers 10 items
Working Paper 9 items
Working Papers (Old Series) 9 items
Staff Report 7 items
Current Policy Perspectives 3 items
Economic Review 3 items
Research Working Paper 3 items
Review 3 items
Chicago Fed Letter 2 items
Policy Hub 2 items
Supervisory Research and Analysis Working Papers 2 items
Chicago Fed Insights 1 items
Consumer Finance Institute discussion papers 1 items
Opportunity and Inclusive Growth Institute Working Papers 1 items
Proceedings 1 items
Quarterly Review 1 items
Richmond Fed Economic Brief 1 items
show more (20)
show less
FILTER BY Content Type
Working Paper 226 items
Report 78 items
Journal Article 27 items
Discussion Paper 26 items
Newsletter 2 items
Briefing 1 items
Conference Paper 1 items
show more (2)
show less
FILTER BY Author
Adrian, Tobias 14 items
Vardoulakis, Alexandros 14 items
Faria-e-Castro, Miguel 13 items
Sarkar, Asani 13 items
Chang, Jin-Wook 8 items
Eisenbach, Thomas M. 8 items
Carapella, Francesca 7 items
Cetorelli, Nicola 7 items
Cipriani, Marco 7 items
Copeland, Adam 7 items
Fleming, Michael J. 7 items
Luck, Stephan 7 items
Roman, Raluca 7 items
Acharya, Viral V. 6 items
Infante, Sebastian 6 items
Kovner, Anna 6 items
Lubis, Arazi 6 items
Martin, Antoine 6 items
Schularick, Moritz 6 items
Wall, Larry D. 6 items
Andolfatto, David 5 items
Berger, Allen N. 5 items
Gomis-Porqueras, Pedro 5 items
Jaremski, Matthew 5 items
Jordà, Òscar 5 items
Kozlowski, Julian 5 items
Leistra, Melissa 5 items
Nosal, Ed 5 items
Passmore, Wayne 5 items
Ruprecht, Romina 5 items
Taylor, Alan M. 5 items
Wheelock, David C. 5 items
Yorulmazer, Tanju 5 items
Zhou, Xuan 5 items
Zlate, Andrei 5 items
Agarwal, Sumit 4 items
Correia, Sergio A. 4 items
Ebsim, Mahdi 4 items
Erce, Aitor 4 items
Hirtle, Beverly 4 items
Keane, Frank M. 4 items
Leibovici, Fernando 4 items
Macchiavelli, Marco 4 items
McAndrews, James J. 4 items
McCabe, Patrick E. 4 items
Rose, Jonathan D. 4 items
Shachar, Or 4 items
Tracy, Joseph 4 items
Tuckman, Bruce 4 items
Verner, Emil 4 items
Vickery, James 4 items
Wiczer, David 4 items
Yang, Emily 4 items
Akinci, Ozge 3 items
An, Xudong 3 items
Arellano, Cristina 3 items
Badev, Anton 3 items
Barnes, Michelle L. 3 items
Barone, Jordan 3 items
Barth, Daniel 3 items
Benigno, Gianluca 3 items
Bianchi, Javier 3 items
Bräuning, Falk 3 items
Cairó, Isabel 3 items
Canals-Cerda, Jose J. 3 items
Carlson, Mark A. 3 items
Chaboud, Alain P. 3 items
Chuan, Grace 3 items
Correa, Ricardo 3 items
Frame, W. Scott 3 items
Goldberg, Linda S. 3 items
Haubrich, Joseph G. 3 items
Kaplan, Nathan 3 items
Kavoussi, Cullen 3 items
Lee, Seung Jung 3 items
Li, Dan 3 items
Li, Wenli 3 items
Meisenzahl, Ralf R. 3 items
Morais, Bernardo 3 items
Neely, Christopher J. 3 items
Petrasek, Lubomir 3 items
Peydro, Jose Luis 3 items
Ramirez, Carlos 3 items
Ruiz-Ortega, Claudia 3 items
Schreft, Stacey L. 3 items
Searls, Seth 3 items
Sim, Jae W. 3 items
Villalvazo, Sergio 3 items
Watsky, Cy 3 items
de Fontnouvelle, Patrick 3 items
von Hafften, Alexander H. 3 items
Afonso, Gara M. 2 items
Ajello, Andrea 2 items
Altinoglu, Levent 2 items
Amador, Manuel 2 items
Anbil, Sriya 2 items
Antill, Samuel 2 items
Armantier, Olivier 2 items
Ashcraft, Adam B. 2 items
Bai, Yan 2 items
Baughman, Garth 2 items
Berre, Stein 2 items
Berrospide, Jose M. 2 items
Bordo, Michael D. 2 items
Bouwman, Christa H. S. 2 items
Boyarchenko, Nina 2 items
Brancati, Emanuele 2 items
Brunnermeier, Markus K. 2 items
Buch, Claudia M. 2 items
Carey, Mark S. 2 items
Caviness, Elizabeth 2 items
Chernenko, Sergey V. 2 items
Cordell, Lawrence R. 2 items
Craig, Ben R. 2 items
D'Erasmo, Pablo 2 items
Darst, Matt 2 items
Del Negro, Marco 2 items
Duffie, Darrell 2 items
Durdu, Bora 2 items
Elul, Ronel 2 items
Ergungor, O. Emre 2 items
Figueroa, Nicolás 2 items
Firestone, Simon 2 items
Foerster, Andrew T. 2 items
Foley-Fisher, Nathan 2 items
Ghysels, Eric 2 items
Godin, Nathan Y. 2 items
Goyal, Ankur 2 items
Gupta, Arun 2 items
Gupta, Deeksha 2 items
Hachem, Kinda 2 items
Hale, Galina 2 items
Healy, Christopher 2 items
Hiti, Martin 2 items
Holscher, Michael 2 items
Horvath, Akos 2 items
Hou, David 2 items
Hur, Sewon 2 items
Irani, Rustom M. 2 items
Jagtiani, Julapa 2 items
Kandrac, John 2 items
Kapan, Tumer 2 items
Keister, Todd 2 items
Kiley, Michael T. 2 items
Lang, William W. 2 items
Lee, Brian Jonghwan 2 items
Lee, Michael Junho 2 items
Leukhina, Oksana 2 items
Liang, J. Nellie 2 items
Liu, Haoyang 2 items
Malz, Allan M. 2 items
McInish, Thomas H. 2 items
Melcangi, Davide 2 items
Meldrum, Andrew C. 2 items
Minoiu, Camelia 2 items
Moen, Jon R. 2 items
Mosser, Patricia C. 2 items
Musto, David K. 2 items
Nguyen, Giang 2 items
Norden, Lars 2 items
Occhino, Filippo 2 items
Otrok, Christopher 2 items
Park, Woojung 2 items
Park, Yang-Ho 2 items
Paul, Pascal 2 items
Perri, Fabrizio 2 items
Planchon, Jade 2 items
Plosser, Matthew 2 items
Podjasek, Rich 2 items
Rappoport, David E. 2 items
Rebucci, Alessandro 2 items
Refayet, Ehraz 2 items
Richardson, Gary 2 items
Riera-Crichton, Daniel 2 items
Roldán, Jessica 2 items
Sagi, Jacob 2 items
Santos, Joao A. C. 2 items
Scharfstein, David 2 items
Schlusche, Bernd 2 items
Schurmeier, Jake 2 items
Scotti, Chiara 2 items
Sherlund, Shane M. 2 items
Siemer, Michael 2 items
Skeie, David R. 2 items
Sokolinskiy, Oleg 2 items
Sosa-Padilla, César 2 items
Stefanidis, Georgios 2 items
Swem, Nathan 2 items
Tallman, Ellis W. 2 items
Tian, Mary 2 items
Udell, Gregory F. 2 items
Van Tassel, Peter 2 items
Verani, Stéphane 2 items
Vogt, Erik 2 items
Wei, Bin 2 items
Wix, Carlo 2 items
Wright, Joshua 2 items
Yom, Zeynep 2 items
Zhao, Feng 2 items
Abbassi, Puriya 1 items
Abruzzo, Nicole 1 items
Adams, Robert M. 1 items
Adelino, Manuel 1 items
Aikman, David 1 items
Akbari, Amir 1 items
Alessi, Luci 1 items
Allen, Franklin 1 items
Alvarez, Fernando 1 items
Alvarez, Nahiomy 1 items
Amiti, Mary 1 items
Amornsiripanitch, Natee 1 items
Anderson, Alyssa G. 1 items
Anderson, Haelim 1 items
Arce, Fernando 1 items
Azar, Pablo D. 1 items
Baker, Scott R. 1 items
Baker, Steven D. 1 items
Balasubramanyan, Lakshmi 1 items
Balteanu, Irina 1 items
Barlevy, Gadi 1 items
Barsky, Robert 1 items
Begalle, Brian 1 items
Bengui, Julien 1 items
Berner, Richard 1 items
Bhanot, Meru 1 items
Bhattarai, Saroj 1 items
Bhutta, Neil 1 items
Blasques, Francisco 1 items
Blickle, Kristian S. 1 items
Bocola, Luigi 1 items
Boesky, Hayley 1 items
Bogusz, Theodore 1 items
Boissay, Frederic 1 items
Borowiecki, Karol Jan 1 items
Brave, Scott A. 1 items
Bricker, Jesse 1 items
Cai, Fang 1 items
Cai, Michael 1 items
Carrieri, Francesca 1 items
Chahrour, Ryan 1 items
Chen, Mary 1 items
Chen, Qian 1 items
Choi, Dong Beom 1 items
Choi, Jaewon 1 items
Choi, Jason 1 items
Christensen, Jens H. E. 1 items
Collard, Fabrice 1 items
Conesa, Juan Carlos 1 items
Contessi, Silvio 1 items
Corbae, Dean 1 items
Cornette, Marcia Millon 1 items
Coulibaly, Louphou 1 items
Covitz, Daniel M. 1 items
Crosignani, Matteo 1 items
Crump, Richard K. 1 items
D'Amico, Stefania 1 items
Daníelsson, Jón 1 items
Davis, J. Scott 1 items
De Marco, Filippo 1 items
De Pace, Pierangelo 1 items
DeHaven, Matthew 1 items
Dechario, Toni 1 items
Dettling, Lisa J. 1 items
Doblas-Madrid, Antonio 1 items
Dong, Feng 1 items
Dooley, John 1 items
Duarte, Fernando M. 1 items
Duffy, Denise 1 items
Duygan-Bump, Burcu 1 items
Easton, Matthew 1 items
El Ghoul, Sadok 1 items
Elyasiani, Elyas 1 items
Emmons, William R. 1 items
Engle, Robert 1 items
Ennis, Huberto M. 1 items
Epouhe, Onesime 1 items
Evert, Jackson 1 items
Fecht, Falko 1 items
Feldman, Maryann P. 1 items
Fernandez, Andres 1 items
Fischer, Sven 1 items
Fischl-Lanzoni, Natalia 1 items
Foerster, Andrew 1 items
Forbes, Kristin J. 1 items
Fratzscher, Marcel 1 items
Fringuellotti, Fulvia 1 items
Fuster, Andreas 1 items
Gabrieli, Silvia 1 items
Gavazza, Alessandro 1 items
Gerszten, Jacob 1 items
Gertler, Mark 1 items
Giannone, Domenico 1 items
Giannoni, Marc 1 items
Gillet, Max 1 items
Gissler, Stefan 1 items
Giuzio, Margherita 1 items
Glancy, David P. 1 items
Goldstein, Itay 1 items
Gramlich, Dieter 1 items
Gramlich, Jacob P. 1 items
Grant, Everett 1 items
Grimm, Maximilian 1 items
Grochulski, Borys 1 items
Guarino, Antonio 1 items
Guazzarotti, Giovanni 1 items
Guedhami, Omrane 1 items
Guidolin, Massimo 1 items
Gupta, Abhi 1 items
Gupta, Pooja 1 items
Haas, Jacob 1 items
Han, Song 1 items
Harry, Cooperman 1 items
Hassan, Tarek A. 1 items
Haughwout, Andrew F. 1 items
Heimer, Rawley 1 items
Henderson, Christopher 1 items
Hollifield, Burton 1 items
Holt, Charles 1 items
Hrung, Warren B. 1 items
Hui, Cho-hoi 1 items
Hundtofte , Sean 1 items
Ionescu, Felicia 1 items
Iyer, Rajkamal 1 items
Jackson, William E. 1 items
Janus, Thorsten 1 items
Jarque, Arantxa 1 items
Jiang, Xu 1 items
Jordan-Wood, Samuel 1 items
Kara, Gazi I. 1 items
Kashyap, Anil K. 1 items
Keegan, Jason 1 items
Kehoe, Timothy J. 1 items
Kelliher, Jimmy 1 items
Kelly, Steven 1 items
Kemp, Esti 1 items
Kim, Don H. 1 items
Kirk, Adam 1 items
Kitschelt, Isabel 1 items
Kiyotaki, Nobuhiro 1 items
Klee, Elizabeth C. 1 items
Koch, Christoffer 1 items
Koijen, Ralph S. J. 1 items
Kosmetatos, Paul 1 items
Kostka, Thomas 1 items
Kotidis, Antonis 1 items
Kruttli, Mathias S. 1 items
Kueng, Lorenz 1 items
Kuncl, Martin 1 items
Kuo, Dennis 1 items
Kwan, Simon H. 1 items
La Spada, Gabriele 1 items
Labonne, Claire 1 items
Lambie-Hanson, Lauren 1 items
Langford, W. Scott 1 items
Lansing, Kevin J. 1 items
Larkin, Kieran 1 items
Laubach, Thomas 1 items
Laufer, Steven 1 items
Lee, Donghoon 1 items
Lehnert, Andreas 1 items
Leitner, Yaron 1 items
Lelyveld, Iman Van 1 items
Levine, Ross 1 items
Li, Pearl 1 items
Li, Yi 1 items
Liebmann, Eva 1 items
Livshits, Igor 1 items
Lizarazo, Sandra 1 items
Lo, Andrew W. 1 items
Londono, Juan M. 1 items
López-Salido, J. David 1 items
Ma, Sai 1 items
Mack, Adrienne 1 items
Makaew, Tanakorn 1 items
Malkhozov, Aytek 1 items
Mallucci, Enrico 1 items
Manea, Cristina 1 items
Mateos-Planas, Xavier 1 items
McGranahan, Leslie 1 items
McGuire, Patrick M. 1 items
McLaughlin, Susan 1 items
McPartland, John 1 items
Mehran, Hamid 1 items
Melzer, Brian T. 1 items
Mertens, Thomas M. 1 items
Migueis, Marco 1 items
Mikhed, Slava 1 items
Mishkin, Frederic S. 1 items
Mitchener, Kris James 1 items
Mongey, Simon 1 items
Monin, Phillip J. 1 items
Morgan, Donald P. 1 items
Morgan, Jan 1 items
Musatov, Alex 1 items
Nakata, Taisuke 1 items
Narajabad, Borghan N. 1 items
Nelson, Claire 1 items
Nelson, William R. 1 items
Neuhann, Daniel 1 items
Nieto, Maria J. 1 items
Nourbash, Ethan 1 items
Oet, Mikhail V. 1 items
Olivei, Giovanni P. 1 items
Ong, Stephen J. 1 items
Onorante, Luca 1 items
Osambela, Emilio 1 items
Palacios, Santiago I. Sordo 1 items
Palumbo, Michael G. 1 items
Pan, Kevin 1 items
Parigi, Bruno 1 items
Parker, Dean 1 items
Patel, Ketan B. 1 items
Patel, Radhika 1 items
Paterlini, Sandra 1 items
Peach, Richard 1 items
Peek, Joe 1 items
Peirce, Sydney 1 items
Perez-Sangimino, JP 1 items
Pesenti, Paolo 1 items
Pérez-Orive, Ander 1 items
Phan, Minh 1 items
Phan, Toan 1 items
Phelan, Gregory 1 items
Phoa, Wesley 1 items
Picarelli, Mattia 1 items
Posenau, Kelly E. 1 items
Potter, Simon M. 1 items
Pozsar, Zoltan 1 items
Prazad, Saketh 1 items
Prescott, Edward Simpson 1 items
Prestipino, Andrea 1 items
Queraltó, Albert 1 items
Redmond, Michael 1 items
Rice, Tara N. 1 items
Richter, Björn 1 items
Rios-Rull, Jose-Victor 1 items
Roberts, Daniel 1 items
Roman, Raluca A. 1 items
Rosen, Richard J. 1 items
Rudebusch, Glenn D. 1 items
Sapriza, Horacio 1 items
Sarlin, Peter 1 items
Sastry, Parinitha 1 items
Scally, Joelle 1 items
Schoar, Antoinette 1 items
Scholnick, Barry 1 items
Schoors, Koen 1 items
Schwartzman, Felipe 1 items
Shapiro, Adam Hale 1 items
Sharma, Padma 1 items
Sheremirov, Viacheslav 1 items
Sicilian, Martin 1 items
Silva, Andre 1 items
Slonkosky, Michael 1 items
Smith, Andrew Lee 1 items
Sorokina, Nonna 1 items
Stackman, Daniel 1 items
Stavrakeva, Vania 1 items
Stebunovs, Viktors 1 items
Stiglitz, Joseph E. 1 items
Stralen, Rene van 1 items
Straub, Roland 1 items
Sultanum, Bruno 1 items
Szőke, Bálint 1 items
Tagliati, Federico 1 items
Tallarini, Thomas D. 1 items
Tang, Jenny 1 items
Tepper, Alexander 1 items
Thomas, Lauren 1 items
Thomson, James B. 1 items
Tsomocos, Dimitrios P. 1 items
Valenzuela, Marcela 1 items
Van Zandweghe, Willem 1 items
Van der Klaauw, Wilbert 1 items
Vandenabeele, Anne 1 items
Violante, Giovanni L. 1 items
Vojtech, Cindy M. 1 items
Vossmeyer, Angela 1 items
Wachter, Susan M. 1 items
Walter, John R. 1 items
Wang, Teng 1 items
Wang, Zachry 1 items
Warusawitharana, Missaka 1 items
Watugala, Sumudu W. 1 items
Weed, Phillip 1 items
Wei, Chenyang 1 items
Wei, Min 1 items
Weinstein, David E. 1 items
Wen, Yi 1 items
Werman, Aurite 1 items
Werquin, Nicolas 1 items
White, Eugene 1 items
White, Phoebe 1 items
Wierts, Peter J. 1 items
Williams, Basil 1 items
Wilshusen, Stephanie M. 1 items
Wilson, Beth Anne 1 items
Wilson, Paul W. 1 items
Wong, Eric T. C. 1 items
Yang, Choongryul 1 items
show more (495)
show less
FILTER BY Jel Classification
G21 165 items
G28 103 items
E44 61 items
G23 52 items
G18 41 items
E58 35 items
G12 30 items
E52 27 items
E32 25 items
G20 16 items
F34 15 items
G15 15 items
G32 15 items
E6 14 items
G10 14 items
G33 13 items
E42 12 items
N20 12 items
F30 11 items
E24 10 items
F41 10 items
G2 10 items
E50 9 items
G14 9 items
H63 9 items
N10 9 items
E4 8 items
E51 8 items
G17 8 items
G22 8 items
G24 8 items
H12 8 items
E37 7 items
G11 7 items
H0 7 items
N21 7 items
D12 6 items
E40 6 items
F32 6 items
L25 6 items
N11 6 items
R30 6 items
C14 5 items
D53 5 items
D80 5 items
D82 5 items
E21 5 items
E43 5 items
F36 5 items
G00 5 items
G13 5 items
R31 5 items
R38 5 items
C58 4 items
D14 4 items
E02 4 items
E3 4 items
G1 4 items
G31 4 items
G38 4 items
C24 3 items
C38 3 items
C51 3 items
C53 3 items
C92 3 items
D10 3 items
D49 3 items
E22 3 items
E5 3 items
E60 3 items
E61 3 items
E62 3 items
F33 3 items
G30 3 items
G35 3 items
H41 3 items
H81 3 items
N22 3 items
N24 3 items
C11 2 items
C22 2 items
C32 2 items
C41 2 items
C55 2 items
D31 2 items
D62 2 items
D83 2 items
E12 2 items
E23 2 items
E31 2 items
E41 2 items
F0 2 items
F44 2 items
G02 2 items
G51 2 items
L62 2 items
B41 1 items
C33 1 items
C44 1 items
C52 1 items
C6 1 items
C7 1 items
C72 1 items
C73 1 items
C82 1 items
D40 1 items
D44 1 items
D72 1 items
D85 1 items
E03 1 items
E1 1 items
E17 1 items
E2 1 items
E25 1 items
E27 1 items
E30 1 items
E59 1 items
E63 1 items
E65 1 items
F23 1 items
F3 1 items
F31 1 items
F4 1 items
F42 1 items
F45 1 items
F5 1 items
F53 1 items
F6 1 items
F62 1 items
F65 1 items
G19 1 items
G41 1 items
G50 1 items
H21 1 items
H23 1 items
H31 1 items
H40 1 items
H70 1 items
H74 1 items
H75 1 items
I1 1 items
J00 1 items
J15 1 items
J20 1 items
J21 1 items
J23 1 items
J32 1 items
J63 1 items
J64 1 items
K00 1 items
K10 1 items
K20 1 items
K35 1 items
K41 1 items
L11 1 items
L14 1 items
L51 1 items
M41 1 items
N0 1 items
N00 1 items
N2 1 items
O12 1 items
R21 1 items
R23 1 items
R28 1 items
show more (161)
show less
FILTER BY Keywords
financial crisis 33 items
COVID-19 19 items
financial crises 19 items
Financial stability 17 items
systemic risk 17 items
financial stability 16 items
Financial crises 15 items
liquidity 14 items
Financial crisis 13 items
Great Recession 12 items
bank runs 12 items
Liquidity 10 items
Regulation 10 items
monetary policy 10 items
Stablecoins 8 items
Systemic risk 8 items
banks 8 items
macroprudential policy 7 items
Banks 6 items
Collateral 6 items
Financial Crisis 6 items
Runs 6 items
Treasury market 6 items
bank regulation 6 items
bank run 6 items
fiscal policy 6 items
CBDC 5 items
Central bank liabilities 5 items
Financial Crises 5 items
Financial stress index 5 items
Small open economies 5 items
Sovereign default 5 items
Treasury securities 5 items
bailouts 5 items
bank closures 5 items
banking panics 5 items
contagion 5 items
deposit insurance 5 items
financial frictions 5 items
financial intermediation 5 items
nonbanks 5 items
securitization 5 items
shadow banking 5 items
stress tests 5 items
DeFi 4 items
Federal Reserve 4 items
Lender of last resort 4 items
Lending standards 4 items
Leverage 4 items
Macroprudential policy 4 items
Panic of 1907 4 items
TARP 4 items
bank capital 4 items
bank failures 4 items
consumer credit 4 items
fiscal multipliers 4 items
international banking 4 items
leverage 4 items
nonlinear methods 4 items
pandemic 4 items
tabletop exercise 4 items
volatility 4 items
Asymmetric information 3 items
Bailouts 3 items
Bank lending 3 items
Bank regulation 3 items
Bank runs 3 items
Banking 3 items
Black Swans 3 items
Contagion 3 items
Cryptocurrencies 3 items
Debt-deflation 3 items
Emerging markets 3 items
Financial Stability 3 items
Financial network 3 items
Fire sale 3 items
GSEs 3 items
Global Financial Crisis 3 items
Great Depression 3 items
Market liquidity 3 items
Monetary policy 3 items
Mortgages 3 items
Repo 3 items
Sudden Stops 3 items
Systemic Risk 3 items
Uncertainty 3 items
asymmetric information 3 items
business cycles 3 items
collateral 3 items
credit constraints 3 items
credit lines 3 items
credit spreads 3 items
crises 3 items
fed funds 3 items
financial distress 3 items
financial fragility 3 items
financial overheating 3 items
financial vulnerabilities 3 items
firm exit 3 items
government intervention 3 items
household finances 3 items
interbank markets 3 items
interbank network 3 items
laboratory experiments 3 items
mortgage 3 items
mortgages 3 items
non-bank financial intermediaries 3 items
nonbank financial institutions (NBFIs) 3 items
racial disparities 3 items
regulation 3 items
sovereign bond markets 3 items
sovereign defaults 3 items
spillovers 3 items
stigma 3 items
ABS market 2 items
Agency securities 2 items
Asset-pricing 2 items
Bailout 2 items
Bank Lending 2 items
Bank failure 2 items
Banking crises 2 items
Banking regulation 2 items
Basel III 2 items
Basel capital ratios 2 items
Broker-dealers 2 items
CARES Act 2 items
COVID crisis 2 items
COVID-19 shock 2 items
Collateral reuse 2 items
Commodity prices 2 items
Concentration 2 items
Conditional Transfers 2 items
Credit Spreads 2 items
Credit cycles 2 items
Credit risk 2 items
DSGE Models 2 items
Dealer intermediation capacity 2 items
Debt overhang 2 items
Early warning system 2 items
Equilibrium selection 2 items
Fannie Mae 2 items
Fed facility 2 items
Federal Reserve facilities 2 items
Federal Reserve lending facilities 2 items
FinTech Lending 2 items
Financial Frictions 2 items
Financial constraints 2 items
Financial instability 2 items
Firm Investment 2 items
Freddie Mac 2 items
GSE 2 items
Government policy 2 items
Hidden Markov model 2 items
Homeownership 2 items
Household leverage 2 items
Implied volatility 2 items
Income inequality 2 items
Inequality 2 items
Internal capital markets 2 items
Large-Scale Asset Purchases (LSAP) 2 items
Loan underwriting 2 items
MBS 2 items
Market depth 2 items
Mexico 2 items
Monetary Policy 2 items
Multiple equilibria 2 items
Non-banks 2 items
Paycheck Protection Program (PPP) 2 items
Quantitative Easing 2 items
Real Effects 2 items
Real estate finance 2 items
Risk 2 items
Risk limits 2 items
Risk management 2 items
Securities lending 2 items
Shadow banking 2 items
Sovereign-bank diabolic loop 2 items
Stigma 2 items
Stress testing 2 items
Too big to fail 2 items
Treasury bond short interest 2 items
Uninsured deposits 2 items
Volatility 2 items
Wage Rigidity 2 items
accelerated failure time model 2 items
administrative burden 2 items
agency mortgage-backed securities 2 items
asset management 2 items
asset purchases 2 items
auto loans 2 items
bailout 2 items
bank crises 2 items
bank deposits 2 items
bank lending 2 items
bank loans 2 items
banking crises 2 items
bankruptcy 2 items
central banks 2 items
commercial banks 2 items
coordination 2 items
corporate bond mutual funds 2 items
credit default swaps 2 items
credit exposures 2 items
credit misallocation 2 items
credit rationing 2 items
credit supply 2 items
deposits 2 items
derivatives 2 items
digital assets 2 items
discount window 2 items
discrimination 2 items
economic history 2 items
employment 2 items
financial economics 2 items
financial institutions 2 items
financial regulations 2 items
fire-sale risk 2 items
fixed-income markets 2 items
foreclosure timelines 2 items
global banking 2 items
global games 2 items
heterogeneous firms 2 items
housing finance 2 items
information asymmetry 2 items
information production 2 items
interbank networks 2 items
interest rates 2 items
intermediation 2 items
internal capital markets 2 items
lending 2 items
lending standards 2 items
lines of credit 2 items
liquidity regulations 2 items
loans 2 items
loss-given default (LGD) 2 items
low interest rates 2 items
mandatory rating 2 items
mandatory ratings disclosure 2 items
market discipline 2 items
money market funds 2 items
mortgage loans 2 items
multiple equilibria 2 items
nonbank financial institutions 2 items
option pricing 2 items
payments 2 items
policy 2 items
predictive content of the yield curve 2 items
processing time 2 items
public signals 2 items
real economy 2 items
reference rates 2 items
regulatory arbitrage 2 items
regulatory changes 2 items
regulatory policy 2 items
relationship lending 2 items
repo 2 items
resolution 2 items
rising asset complexity 2 items
risk-neutral distributions 2 items
runs 2 items
screening 2 items
screening effort 2 items
shadow banks 2 items
shocks transmission 2 items
short-selling 2 items
solvency 2 items
sovereign debt crises 2 items
sovereign risk 2 items
stablecoins 2 items
syndicated loans 2 items
transmission 2 items
uninsured deposits 2 items
unrealized losses 2 items
wholesale funding 2 items
2023 banking turmoil 1 items
ABCP freeze 1 items
Accounting Regulations 1 items
Aggregate matching efficiency 1 items
Allowance for Loan and Lease Losses 1 items
Annuities 1 items
Arbitrage 1 items
Arkansas highway bonds 1 items
Asset-backed commercial paper 1 items
BIS consolidated banking statistics 1 items
Bail-in 1 items
Bank Competition 1 items
Bank Risk 1 items
Bank Runs 1 items
Bank Term Funding Program (BTFP) 1 items
Bank capital 1 items
Bank capital requirements 1 items
Bank deposits 1 items
Bank entry 1 items
Bank equity 1 items
Bank industry dynamics 1 items
Bank loans 1 items
Bank panic 1 items
Bank risk 1 items
Bank risk management 1 items
Bank supervision 1 items
Banking Crises 1 items
Banking History 1 items
Banking and Finance 1 items
Banking crisis 1 items
Banking panic 1 items
Bankruptcy 1 items
Bankruptcy reform 1 items
Banks' recapitalization 1 items
Banks-sovereign nexus 1 items
Bayesian Estimation 1 items
Bayesian estimation 1 items
Bond insurance 1 items
Bond spreads 1 items
Boom-Bust Cycle 1 items
Breakeven 1 items
Business Cycles 1 items
Business models 1 items
CDS Spreads 1 items
CDS-bond basis 1 items
CECL 1 items
COFI 1 items
Capital 1 items
Capital Requirements 1 items
Capital regulation 1 items
Central bank 1 items
Central bank lending facilities 1 items
Central counterparties (CCPs) 1 items
Chapter 11 1 items
Clearinghouse 1 items
Coincident measures 1 items
Commercial paper 1 items
Consumption 1 items
Consumption Growth 1 items
Coordination Risk 1 items
Corporate Bond 1 items
Corporate bonds 1 items
Cost of funds 1 items
Credit 1 items
Credit Cycles 1 items
Credit Lines 1 items
Credit Supply 1 items
Credit cards 1 items
Credit channel of monetary policy 1 items
Credit constraints 1 items
Credit easing 1 items
Credit performance 1 items
Credit policies 1 items
Credit-to-GDP gap 1 items
Creditor constraints 1 items
Crisis management 1 items
Cross-County 1 items
Crowding out 1 items
Currency crises 1 items
Current account 1 items
Database 1 items
Dealer 1 items
Dealers 1 items
Debt 1 items
Debt crises 1 items
Debt restructuring 1 items
Default 1 items
Default episodes 1 items
Deflation floor 1 items
Delinquency 1 items
Demand-driven recession 1 items
Deposit outflows 1 items
Deposit suspensions 1 items
Disagreement 1 items
Disaster risk 1 items
Dispersed Information 1 items
Disposition Effect 1 items
Distressed debt 1 items
Dividend policy 1 items
Dodd-Frank Act 1 items
Dodd-Frank act 1 items
Dollar swap lines 1 items
Domestic law 1 items
Dynamic Stochastic General Equilibrium (DSGE) models 1 items
Early warning 1 items
Economic effects of uncertainty 1 items
Economic uncertainty 1 items
Emergency liquidity facilities 1 items
Employment 1 items
Endogenous Regime-Switching 1 items
Equity prices 1 items
Euro area sovereign bond market 1 items
European Union 1 items
European debt crisis 1 items
Exchange rates 1 items
Expected inflation 1 items
Factor shares 1 items
Fed 1 items
Fed Funds 1 items
Fed models 1 items
Federal Reserve information 1 items
Fedwire 1 items
Finance 1 items
Financial 1 items
Financial crises predictability 1 items
Financial distress 1 items
Financial networks 1 items
Financial sector size 1 items
Financial stability and risk 1 items
Financial vulnerabilities 1 items
Firm dynamics 1 items
Firm exit 1 items
Fiscal policy 1 items
Fixed-rate mortgage 1 items
Flight to Liquidity 1 items
Flight to Quality 1 items
Foreclosure 1 items
Foreign bank competition 1 items
Fragility 1 items
Funding Liquidity 1 items
G-SIBs 1 items
G-SIFIs 1 items
GSIB 1 items
GSIB surcharge 1 items
Global Games 1 items
Global banks 1 items
Global financial institutions 1 items
Government-owned banks 1 items
Heckman two-stage correction 1 items
Heckman two-stage model 1 items
Hedge funds 1 items
Herding 1 items
Home bias 1 items
House Price 1 items
House prices 1 items
Household Debt 1 items
Household Finance 1 items
Household debt 1 items
Housing 1 items
Housing markets 1 items
Housing wealth 1 items
Illiquidity 1 items
Implied variance 1 items
Indexation lag 1 items
Inflation risk premium 1 items
Inflation targeting 1 items
Influence 1 items
Information 1 items
Information Asymmetry 1 items
Information value 1 items
Institutional Investors 1 items
Institutional investor 1 items
Insurance 1 items
Insurance companies 1 items
Integration Reversals 1 items
Interactions between banks and nonbanks 1 items
Interbank markets 1 items
Interconnections 1 items
Interest rates 1 items
International Finance 1 items
International transmission 1 items
Investment 1 items
Investments 1 items
Investor sentiment 1 items
LIBOR 1 items
LSAP 1 items
LTCM 1 items
Lending 1 items
Life insurance 1 items
Limited liability 1 items
Liquidity Management 1 items
Liquidity Shortage 1 items
Liquidity mismatch 1 items
Liquidity risk 1 items
Loan default 1 items
Loan-to-value constraints 1 items
Local labor markets 1 items
London Interbank Offered Rate (LIBOR) 1 items
Long-Term Capital Management 1 items
MMF 1 items
Machine learning 1 items
Macroeconomic shocks 1 items
Macrofinance 1 items
Macroprudential regulation 1 items
Macroprudential supervision 1 items
Main Street 1 items
Margin 1 items
Market Discipline 1 items
Market Segmentation 1 items
Market power 1 items
Maturity structure 1 items
MinMaSS 1 items
Minimum Balance at Risk 1 items
Minsky hypothesis 1 items
Model Risk 1 items
Money market mutual funds 1 items
Monitoring 1 items
Mortgage 1 items
Mortgage Crisis 1 items
Mortgage finance 1 items
Mortgage risk 1 items
Natural language processing 1 items
Networks 1 items
New Keynesian DSGE 1 items
News Shocks 1 items
No-arbitrage term structure models 1 items
show more (495)
show less