Search Results
Journal Article
Resilience of Community Banks in the Time of COVID-19
Kwan, Simon H.
(2021-03-01)
Stress tests in December 2020 showed that the largest U.S. banks had strong capital levels and could continue to lend to households and businesses under hypothetical severe recessions. Assessing thousands of small community banks against similar criteria suggests that, while about one-fifth could fall below adequate capitalization, only a handful of those risk becoming insolvent. Overall, this is a reassuring view for small banks and their communities, suggesting that the risk of widespread bank failures leading to financial instability appears to be small.
FRBSF Economic Letter
, Volume 2021
, Issue 06
, Pages 01-05
Working Paper
Are Supply Networks Efficiently Resilient?
Capponi, Agostino; Du, Chuan; Stiglitz, Joseph E.
(2024-05-28)
We show that supply networks are inefficiently, and insufficiently, resilient. Upstream firms can expand their production capacity to hedge againstsupply and demand shocks. But the social benefits of such investments arenot internalized due to market power and market incompleteness. Upstreamfirms under-invest in capacity and resilience, passing-on the costs to downstreamfirms, and drive trade excessively towards the spot markets. There isa wedge between the market solution and a constrained optimal benchmark,which persists even without rare and large shocks. Policies designed to incentivize ...
Finance and Economics Discussion Series
, Paper 2024-031
Journal Article
How Much Did the CARES Act Help Households Stay Afloat?
Teng, Gladys; Oliveira, Luiz E.; Aylward, James; Laderman, Elizabeth
(2021-07-06)
Widespread job losses starting in mid-March last year forced many households to rely more heavily on nonemployment income and liquid assets on hand to continue buying what they needed. Federal assistance through the Coronavirus Aid, Relief, and Economic Security Act helped boost household resilience—the ability to sustain consumption despite the loss of employment income. Data suggest that the aid increased household resilience by 15 weeks, chiefly through enhanced unemployment insurance benefits. Among racial groups, this benefited Black and Hispanic households the most, raising median ...
FRBSF Economic Letter
, Volume 2021
, Issue 18
, Pages 06
Speech
Four questions on the state of cyber resilience and endpoint security: remarks at the Clearing House and Bank Policy Institute's 2018 Annual Conference, New York City
Dzina, Richard
(2018-11-26)
Remarks at the Clearing House and Bank Policy Institute's 2018 Annual Conference, New York City.
Speech
, Paper 302
Speech
The Financial Crisis: perspectives from a decade on: remarks to the Administrative and Banking Law Committees of the Association of the Bar of the City of New York, New York City
Held, Michael
(2017-11-15)
Remarks to the Administrative and Banking Law Committees of the Association of the Bar of the City of New York, New York City.
Speech
Discussion Paper
Risk and Resilience: How Weather-Related Disasters Impact Economically Marginalized Communities
Council, Dontá; Meagher, Grace; Cabrera, Leah
(2024-06-01)
Weather-related disaster risks have adverse economic impacts for workers, households, and communities across the country. Low-income communities and communities of color tend to be at disproportionate risk to economic disruptions from weather-related disasters. Our team surveyed and interviewed professionals in the Southeast that work with or whose work impacts these marginalized communities across core issue areas relevant to community development, resilience, and disaster risk management in the nonprofit, public, and private sectors. Respondents and interviewees shared their perceptions of ...
FRB Atlanta Community and Economic Development Discussion Paper
, Paper 2024-02
Speech
Principles for financial regulatory reform: remarks at the Princeton Club of New York, New York City
Dudley, William
(2017-04-07)
Remarks at the Princeton Club of New York, New York City.
Speech
, Paper 242
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