Search Results

Showing results 1 to 10 of approximately 13.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Banks and banking - Regulations 

Discussion Paper
The role of banks in the transmission of monetary policy

The transmission of monetary policy, especially in light of recent events, has received increased attention, especially with respect to the efficacy of the bank lending channel. This paper summarizes the issues associated with isolating the bank lending channel and determining the extent to which it is operational. Evidence on the effectiveness of the bank lending channel is presented, both in the United States and abroad. The paper then provides observations about the likely consequences for the effectiveness of the lending channel of the changes in the financial environment associated with ...
Public Policy Discussion Paper , Paper 13-5

Speech
Supervisory reform for global banks

Remarks at the Center for Transnational Legal Studies Seminar on the Impact of U.S. Regulatory Reform on Global Banks, New York City.
Speech , Paper 96

Report
Robust capital regulation

Banks? leverage choices represent a delicate balancing act. Credit discipline argues for more leverage, while balance-sheet opacity and ease of asset substitution argue for less. Meanwhile, regulatory safety nets promote ex post financial stability, but also create perverse incentives for banks to engage in correlated asset choices and to hold little equity capital. As a way to cope with these distorted incentives, we outline a two-tier capital framework for banks. The first tier is a regular core capital requirement that helps deter excessive risk-taking incentives. The second tier, a novel ...
Staff Reports , Paper 490

Speech
Financial stability and economic growth

Remarks at the 2011 Bretton Woods Committee International Council Meeting, Washington, D.C.>
Speech , Paper 62

Speech
Five years since the crisis: where are we now?

Remarks at the Institute of International Bankers' Seminar on Risk Management and Regulatory/Examinations Compliance Issues.
Speech , Paper 120

Report
Corporate governance of financial institutions

We identify the tension created by the dual demands of financial institutions to be value-maximizing entities that also serve the public interest. We highlight the importance of information in addressing the public?s desire for banks to be safe yet innovative. Regulators can choose several approaches to increase market discipline and information production. First, they can mandate information production outside of markets through increased regulatory disclosure. Second, they can directly motivate potential producers of information by changing their incentives. Traditional approaches to bank ...
Staff Reports , Paper 539

Report
Shadow banking regulation

Shadow banks conduct credit intermediation without direct, explicit access to public sources of liquidity and credit guarantees. Shadow banks contributed to the credit boom in the early 2000s and collapsed during the financial crisis of 2007-09. We review the rapidly growing literature on shadow banking and provide a conceptual framework for its regulation. Since the financial crisis, regulatory reform efforts have aimed at strengthening the stability of the shadow banking system. We review the implications of these reform efforts for shadow funding sources including asset-backed commercial ...
Staff Reports , Paper 559

Working Paper
Optimal disclosure policy and undue diligence

While both public and private financial agencies supply asset markets with large amounts of information, they do not generally disclose all asset-related information to the general public. This observation leads us to ask what principles might govern the optimal disclosure policy for an asset manager or financial regulator. To investigate this question, we study the properties of a dynamic economy endowed with a risky asset, and with individuals that lack commitment. Information relating to future asset returns is available to society at zero cost. Legislation dictates whether this ...
Working Papers , Paper 2012-001

Speech
Taming the Too-Big-to-Fails: Will Dodd–Frank Be the Ticket or Is Lap-Band surgery required? (with reference to Vinny Guadagnino, Andrew Haldane, Paul Volcker, John Milton, Tom Hoenig and Churchill’s ‘Terminological Inexactitude’)

Remarks before Columbia University?s Politics and Business Club, New York City, NY, November 15, 2011 ; "I shall speak of the difficulty of treating [too big to fail] in a culture held hostage by concerns for 'contagion,' 'systemic risk' and 'unique solutions.' I will posit that preoccupation with these concerns leads to an ethic that coddles survival of the fattest rather than promoting survival of the fittest, to the detriment of social welfare and economic efficiency."
Speeches and Essays , Paper 100

Conference Paper
Opening remarks: 2008 Economic Symposium, Jackson Hole

Proceedings - Economic Policy Symposium - Jackson Hole

FILTER BY year

FILTER BY Content Type

Speech 5 items

Report 3 items

Journal Article 2 items

Conference Paper 1 items

Discussion Paper 1 items

Working Paper 1 items

show more (1)

FILTER BY Keywords

PREVIOUS / NEXT