Search Results
Showing results 1 to 10 of approximately 65.
(refine search)
Working Paper
Stablecoins: Growth Potential and Impact on Banking
Liao, Gordon Y.; Caramichael, John
(2022-01-31)
Stablecoins have experienced tremendous growth in the past year, serving as a possible breakthrough innovation in the future of payments. In this paper, we discuss the current use cases and growth opportunities of stablecoins, and we analyze the potential for stablecoins to broadly impact the banking system. The impact of stablecoin adoption on traditional banking and credit provision can vary depending on the sources of inflow and the composition of stablecoin reserves. Among the various scenarios, a two-tiered banking system can both support stablecoin issuance and maintain traditional ...
International Finance Discussion Papers
, Paper 1334
Journal Article
Banking Trends: The Growing Role of CRE Lending
DiSalvo, James; Johnston, Ryan
(2016-07)
Commercial real estate has grown dramatically as a share of U.S. economic activity and is banks? largest lending category, particularly for small and midsize banks. It is also the riskiest part of bank portfolios. James DiSalvo and Ryan Johnston provide a primer. First in a series.
Banking Trends
, Issue Q3
, Pages 15-21
Report
Government Guarantees and the Valuation of American Banks
Weill, Pierre-Olivier; D'Avernas, Adrien; Eisfeldt, Andrea L.; Atkeson, Andrew
(2018-06-19)
Banks' ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996-2007 period, and fell again to values close to 1 after the 2008 financial crisis. Sarin and Summers (2016) and Chousakos and Gorton (2017) argue that the drop in banks' market-to-book ratio since the crisis is due to a loss in bank franchise value or profitability. In this paper we argue that banks' market-to-book ratio is the sum of two components: franchise value and the value of government guarantees. We empirically decompose the ratio between these two ...
Staff Report
, Paper 567
Working Paper
Observing Enforcement: Evidence from Banking
Kleymenova, Anya V.; Tomy, Rimmy E.
(2021-08-02)
This paper finds that the disclosure of supervisory actions is associated with changes in regulators' enforcement behavior. Using a novel sample of enforcement decisions and orders (EDOs) and the setting of the 1989 Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), which required the public disclosure of EDOs, we find that U.S. bank regulators issue more EDOs, intervene sooner, and rely more on publicly observable signals after the disclosure regime change. The content of EDOs also changes, with documents becoming more complex and boilerplate. Our results are stronger in ...
Finance and Economics Discussion Series
, Paper 2021-049
CARES Act Likely to Blunt Mortgage Delinquency Rate Increase
Zhou, Xiaoqing
(2020-05-26)
Household survey data and recent unemployment forecasts provide a basis for estimating the share of mortgage borrowers that—absent the CARES Act—would have missed a mortgage payment due to the economic shutdown.
Dallas Fed Economics
Working Paper
To sell or to borrow: a theory of bank liquidity management
Kowalik, Michal
(2014-12-01)
Research Working Paper
, Paper RWP 14-18
Ability to Repay a Mortgage: Assessing the Relationship Between Default, Debt-to-Income
Sexton, Daniel; Tracy, Joseph; Gerardi, Kristopher S.; Frame, W. Scott
(2020-03-24)
The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.
Dallas Fed Economics
Working Paper
Banking Regulation with Risk of Sovereign Default
Schoors, Koen; Livshits, Igor; D'Erasmo, Pablo
(2019-02-22)
Banking regulation routinely designates some assets as safe and thus does not require banks to hold any additional capital to protect against losses from these assets. A typical such safe asset is domestic government debt. There are numerous examples of banking regulation treating domestic government bonds as ?safe,? even when there is clear risk of default on these bonds. We show, in a parsimonious model, that this failure to recognize the riskiness of government debt allows (and induces) domestic banks to ?gamble? with depositors? funds by purchasing risky government bonds (and assets ...
Working Papers
, Paper 19-15
The Long Road to Housing Finance Reform: 'Are We There Yet?'
Tracy, Joseph; Frame, W. Scott
(2020-02-04)
Over the past decade, broad-based legislative reforms for housing finance have proven elusive. However, reflecting lessons from the financial crisis, a political consensus has emerged on how Fannie Mae and Freddie Mac should operate.
Dallas Fed Economics
Journal Article
The Global Pandemic and Run on Shadow Banks
Sengupta, Rajdeep
(2020-05-11)
In March, the global coronavirus pandemic led to a period of financial stress in which credit conditions tightened at an unprecedented pace. Elements of this stress period can be explained as a classic run on “shadow banks”—nonbank financial institutions that fund long-term assets with short-term debt. Although timely Federal Reserve interventions restored some calm to markets, shadow banks remain vulnerable to future runs because they lack the safeguards available to regulated depository institutions.
Economic Bulletin
, Issue May 11, 2020
, Pages 5
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of Dallas 20 items
Board of Governors of the Federal Reserve System (U.S.) 16 items
Federal Reserve Bank of Philadelphia 9 items
Federal Reserve Bank of Kansas City 6 items
Federal Reserve Bank of New York 4 items
Federal Reserve Bank of St. Louis 4 items
Federal Reserve Bank of Richmond 3 items
Federal Reserve Bank of Chicago 1 items
Federal Reserve Bank of Cleveland 1 items
Federal Reserve Bank of Minneapolis 1 items
show more (5)
show less
FILTER BY Series
Dallas Fed Economics 18 items
Finance and Economics Discussion Series 15 items
Working Papers 12 items
Liberty Street Economics 4 items
Economic Bulletin 2 items
Economic Review 2 items
Research Working Paper 2 items
Banking Trends 1 items
Business Review 1 items
Economic Insights 1 items
Economic Quarterly 1 items
International Finance Discussion Papers 1 items
On the Economy 1 items
Richmond Fed Economic Brief 1 items
Staff Report 1 items
Working Paper 1 items
Working Paper Series 1 items
show more (12)
show less
FILTER BY Content Type
Working Paper 32 items
Journal Article 8 items
Discussion Paper 4 items
Briefing 1 items
Report 1 items
FILTER BY Author
Frame, W. Scott 10 items
Tracy, Joseph 7 items
Gerardi, Kristopher S. 5 items
Cetina, Jill 3 items
Roman, Raluca 3 items
Sengupta, Rajdeep 3 items
Van den Heuvel, Skander J. 3 items
Berger, Allen N. 2 items
Boel, Paola 2 items
D'Erasmo, Pablo 2 items
Dannels, Sam 2 items
DiSalvo, James 2 items
Ennis, Huberto M. 2 items
Johnston, Ryan 2 items
Kim, Kyungmin 2 items
Kleymenova, Anya V. 2 items
Kneip, Joe 2 items
Koch, Christoffer 2 items
Schoors, Koen 2 items
Sexton, Daniel 2 items
Tomy, Rimmy E. 2 items
Waller, Christopher J. 2 items
Zhou, Xiaoqing 2 items
Abadi, Joseph 1 items
Adams, Robert M. 1 items
Almeida, Alex 1 items
Amel, Dean F. 1 items
Amornsiripanitch, Natee 1 items
An, Byeongchan 1 items
Andolfatto, David 1 items
Atkeson, Andrew 1 items
Barbosa, Monica 1 items
Bhat, Gauri 1 items
Bluedorn, John C. 1 items
Bowdler, Christopher 1 items
Brunnermeier, Markus K. 1 items
Bushman, Robert M. 1 items
Byrdak, Adam 1 items
Byun, Sung Je 1 items
Byun, SungJe 1 items
Caramichael, John 1 items
Cetorelli, Nicola 1 items
Corbae, Dean 1 items
Cunningham, Chris 1 items
Curti, Filippo 1 items
D'Avernas, Adrien 1 items
Dawson, Jeffrey B. 1 items
Desai, Hemang 1 items
Dill, Jessica 1 items
Dong, Feng 1 items
Eisfeldt, Andrea L. 1 items
Epouhe, Onesime 1 items
Etra, Alex 1 items
Firestone, Simon 1 items
Frame, Scott 1 items
Gramlich, Jacob P. 1 items
Greene, Brian 1 items
Grochulski, Borys 1 items
Grundl, Serafin J. 1 items
Hayashi, Fumiko 1 items
Hirtle, Beverly 1 items
Hull, Cindy E. 1 items
Infante, Sebastian 1 items
Izumi, Ryuichiro 1 items
Kaplan, Robert S. 1 items
Kilian, Lutz 1 items
Klee, Elizabeth C. 1 items
Klemme, Kelly 1 items
Koby, Yann 1 items
Kotidis, Antonis 1 items
Kowalik, Michal 1 items
Lamers, Martien 1 items
Leonard, Douglas 1 items
Liao, Gordon Y. 1 items
Livshits, Igor 1 items
Lorenc, Amy 1 items
Lucca, David O. 1 items
Manning, Steven 1 items
Mayer, Erik J. 1 items
McCartney, Brendan 1 items
McCormick, Matthew 1 items
Migueis, Marco 1 items
Monge-Naranjo, Alexander 1 items
Orlik, Anna 1 items
Ozdagli, Ali K. 1 items
Perez, Michael 1 items
Plante, Michael D. 1 items
Prager, Robin A. 1 items
Ranish, Benjamin 1 items
Rappoport, David 1 items
Regehr, Kristin 1 items
Rosenblum, Aaron 1 items
Sagnanert, Pon 1 items
Sakong, Jung 1 items
Sanches, Daniel R. 1 items
Santos, João A. C. 1 items
Schwam, Daniel 1 items
Silva, André F. 1 items
Soto, Paul E. 1 items
Steelman, Aaron 1 items
Steiner, Eva 1 items
Strahan, Philip E. 1 items
Sullivan, Richard J. 1 items
Sun, Qiuhan 1 items
Tetlow, Robert J. 1 items
Wang, Zhu 1 items
Weill, Pierre-Olivier 1 items
Wen, Yi 1 items
Zentefis, Alexander 1 items
Zhang, Song 1 items
Zhang, Yuzhe 1 items
Zheng, Xiang 1 items
Zorsky, Josh 1 items
show more (108)
show less
FILTER BY Jel Classification
G21 26 items
G28 14 items
E44 8 items
E50 6 items
E40 4 items
G2 4 items
E43 3 items
E58 3 items
G01 3 items
G38 3 items
E4 2 items
E51 2 items
E52 2 items
G18 2 items
G20 2 items
G32 2 items
D10 1 items
D12 1 items
D14 1 items
E12 1 items
E13 1 items
E31 1 items
E32 1 items
E41 1 items
E5 1 items
E6 1 items
F33 1 items
F34 1 items
G0 1 items
G10 1 items
G14 1 items
G15 1 items
G19 1 items
G2;G1 1 items
G30 1 items
G34 1 items
H12 1 items
J15 1 items
L1 1 items
L10 1 items
L20 1 items
L4 1 items
L40 1 items
M42 1 items
O30 1 items
R20 1 items
R31 1 items
show more (42)
show less
FILTER BY Keywords
Banking 65 items
Finance 13 items
Real Estate 11 items
COVID-19 7 items
Monetary Policy 7 items
Economic Conditions 6 items
Capital requirements 4 items
Competition 3 items
Convenience yields 3 items
Credit 3 items
Energy 3 items
Federal Reserve 3 items
Liquidity requirements 3 items
Money 3 items
Sufficient statistics 3 items
Welfare 3 items
Financial Crisis 3 items
Bank Profitability 3 items
Bailouts 2 items
Banking Trends 2 items
Central Bank 2 items
Digital currencies 2 items
Disclosure 2 items
Enforcement actions 2 items
Financial stability 2 items
Fintech 2 items
Liquidity 2 items
Payments 2 items
Bank Runs 2 items
Shadow Banks 2 items
Accounting 1 items
Aftermarkets 1 items
Audit Engagement 1 items
Audit Partner Names 1 items
Bank Size 1 items
Bank failures 1 items
Bank financial position 1 items
Bank financial soundness 1 items
Bank lending 1 items
Bank leverage 1 items
Bank regulation 1 items
Bank valuation 1 items
Banks 1 items
CDS spreads 1 items
Capital 1 items
Capital Flows 1 items
Central bank digital currency 1 items
Central banking 1 items
China 1 items
Commercial bank failure 1 items
Common Ownership 1 items
Conglomeration 1 items
Cost benefit 1 items
Credit intermediation 1 items
Credit supply 1 items
Crisis 1 items
Cryptocurrency 1 items
Depositor Behavior 1 items
Diffusion 1 items
Discrimination 1 items
Essay 1 items
Financial 1 items
Financial Institutions 1 items
Financial crises 1 items
Financial innovation 1 items
Financial stress 1 items
Friedman rule 1 items
GSE 1 items
Heterodox view 1 items
Heterogeneity 1 items
Household Debt 1 items
Housing 1 items
Inequality 1 items
Interbank 1 items
Interbank markets 1 items
Interest Rates 1 items
International Economics 1 items
Internet 1 items
Large and Complex Financial Institutions 1 items
Lender of last resort 1 items
Lending Channel 1 items
Liquidity Preference 1 items
Liquidity Trap 1 items
Lower Bound 1 items
Macroeconomics 1 items
Market Discipline 1 items
Market structure 1 items
Mobile payments 1 items
Monetary Policy Identification 1 items
Monetary Transmission 1 items
Money Demand 1 items
Mortgage lending 1 items
Negative Rates 1 items
Net Interest Margin 1 items
OECD 1 items
Operational risk 1 items
Overdraft fees 1 items
PCAOB 1 items
PPP 1 items
Pandemic 1 items
Payment system 1 items
Payment technology 1 items
Policy 1 items
Profits 1 items
Prudential regulation 1 items
Public Finance 1 items
Quantitative Easing 1 items
Regulatory incentives 1 items
Risk 1 items
Risk management 1 items
Risk shifting 1 items
Secondary markets 1 items
Selection 1 items
Shareholder activism 1 items
Sovereign default 1 items
Speculation 1 items
Stablecoins 1 items
Subprime Consumer Debt 1 items
Supervision 1 items
Systemic risk 1 items
TARP 1 items
Technology 1 items
Trademarks 1 items
Unbanked 1 items
Zero Interest Rates 1 items
business cycles 1 items
community banks 1 items
location economics 1 items
management quality 1 items
nim 1 items
spatial analysis 1 items
show more (132)
show less