Search Results

Showing results 1 to 10 of approximately 119.

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Discussion Paper
Ten years later – Did QE work?
Zimmermann, Thomas; Luck, Stephan (2019-05-08)
By November 2008, the Global Financial Crisis, which originated in the residential housing market and the shadow banking system, had begun to turn into a major recession, spurring the Federal Open Market Committee (FOMC) to initiate what we now refer to as quantitative easing (QE). In this blog post, we draw upon the empirical findings of post-crisis academic research's including our own work's to shed light on the question: Did QE work?
Liberty Street Economics , Paper 20190508

Speech
Compliance – some thoughts about reaching the next level
Baxter, Thomas C. (2015-02-09)
Remarks at the Fordham Journal of Corporate Counsel & Financial Law Symposium, Fordham Law School, New York City.
Speech , Paper 156

Speech
Welcoming remarks at The Evolving Structure of the U.S. Treasury Market conference
Dudley, William (2015-10-20)
Remarks at The Evolving Structure of the U.S. Treasury Market conference, Federal Reserve Bank of New York, New York City.
Speech , Paper 182

Speech
The 2015 economic outlook and the implications for monetary policy
Dudley, William (2014-12-01)
Remarks at Bernard M. Baruch College, New York City.
Speech , Paper 153

Speech
More resilient, better managed, less complex: strengthening FMUs and linkages in the system
Dahlgren, Sarah J. (2014-04-29)
Remarks at the Securities Industry and Financial Markets Association Conference, Boca Raton, Florida
Speech , Paper 135

Report
Defining and detecting predatory lending
Morgan, Donald P. (2007)
Staff Report no. 273 has been removed at the request of the author. See links to related papers.
Staff Reports , Paper 273

Report
Simple and reliable way to compute option-based risk-neutral distributions
Malz, Allan M. (2014-06-01)
This paper describes a method for computing risk-neutral density functions based on the option-implied volatility smile. Its aim is to reduce complexity and provide cookbook-style guidance through the estimation process. The technique is robust and avoids violations of option no-arbitrage restrictions that can lead to negative probabilities and other implausible results. I give examples for equities, foreign exchange, and long-term interest rates.
Staff Reports , Paper 677

Report
Changing risk-return profiles
Crump, Richard K.; Giannone, Domenico; Hundtofte , Sean (2018-06-01)
We show that realized volatility, especially the realized volatility of financial sector stock returns, has strong predictive content for the future distribution of market returns. This is a robust feature of the last century of U.S. data and, most importantly, can be exploited in real time. Current realized volatility has the most information content on the uncertainty of future returns, whereas it has only limited content about the location of the future return distribution. When volatility is low, the predicted distribution of returns is less dispersed and probabilistic forecasts are ...
Staff Reports , Paper 850

Report
A Dynamic Theory of Collateral Quality and Long-Term Interventions
Lee, Michael Junho; Neuhann, Daniel (2019-08-07)
We study a dynamic model of collateralized lending under adverse selection in which the quality of collateral assets is endogenously determined by hidden effort. Complementarities in incentives lead to non-ergodic dynamics: Asset quality and output grow when asset quality is high, but stagnate or deteriorate otherwise. Inefficiencies remain, even in the most efficient competitive equilibrium?investment and output are vulnerable to spells of lending market illiquidity, and these spells may persist because of suboptimal effort. Nevertheless, benevolent regulators without commitment can destroy ...
Staff Reports , Paper 894

Report
LIBOR: origins, economics, crisis, scandal, and reform
Hou, David; Skeie, David R. (2014-03-01)
The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans. LIBOR's volatile behavior during the financial crisis provoked questions surrounding its credibility. Ongoing regulatory investigations have uncovered misconduct by a number of financial institutions. Policymakers across the globe now face the task of reforming LIBOR in the aftermath of the scandal and ...
Staff Reports , Paper 667

show more (1)

show more (100)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords