Search Results

Showing results 1 to 10 of approximately 266.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Debt 

Report
Does the market discipline banks? New evidence from the regulatory capital mix

Although bank capital regulation permits a bank to choose freely between equity and subordinated debt to meet capital requirements, lenders and investors view debt and equity as imperfect substitutes. It follows that the mix of debt in regulatory capital should isolate the role that the market plays in disciplining banks. I document that since the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) reduced the ability of the FDIC to absorb losses of subordinated debt investors, the mix of debt has had a positive effect on the future outcomes of distressed banks, as if the ...
Staff Reports , Paper 244

Report
Sustainable plans and debt

This paper presents a simple general equilibrium model of optimal taxation similar to that of Lucas and Stokey (1983), except that we let the government default on its debt. As a benchmark, we consider Ramsey equilibria in which the government can precommit its policies at the beginning of time. We then consider sustainable equilibria in which both government and private agent decision rules are required to be sequentially rational. We concentrate on trigger mechanisms which specify reversion to the finite horizon equilibrium after deviations by the government. The main result is that no ...
Staff Report , Paper 125

Journal Article
Deficits, debt and looming disaster : reform of entitlement programs may be the only hope

With government deficits and debt at record highs, the long-term fiscal outlook for the U.S. requires serious attention, most agree. The fix is most likely going to have to start with fundamental reforms of entitlement programs.
The Regional Economist , Issue Jan , Pages 4-9

Journal Article
Monitoring debt market information for bank supervisory purposes

FRBSF Economic Letter

Journal Article
The European debt crisis: lessons for the U.S.

The Regional Economist , Issue Oct , Pages 3

Working Paper
Debt, liquidity constraints, and corporate investment: evidence from panel data

Finance and Economics Discussion Series , Paper 114

Newsletter
Debt Statistics a La Carte: Alternative Recipes for Measuring Government Indebtedness

According to Eurostat, the Greek government owed ?317 billion in debt at the end of 2014. This is equivalent to more than 177% of gross domestic product (GDP) or 387% of tax revenue, and amounts to almost ?30,000 per person. This seems like a very large sum. For comparison, of the other highly indebted European countries that received financial assistance, Portuguese government debt amounted to 130% of GDP, while Irish government debt amounted to 110% of GDP
Chicago Fed Letter

Working Paper
Worker debt with bankruptcy

Working Papers , Paper 91-2

Journal Article
On the needed quantity of government debt

People are enjoying longer retirement periods, and population growth is slowing and, in some countries, falling. In this article, we determine the implications of these demographic changes for the needed amount of government debt. If tax rates and the transfer share of gross national income (GNI) are both high, the needed debt is near zero. With such a system, however, huge deadweight losses are incurred as a result of the high tax rate on labor income. With a savings system, a large government debt to annual GNI ratio is needed. In a country with early retirement and no population growth, ...
Quarterly Review , Volume 31 , Issue Nov , Pages 2-15

Journal Article
Understanding intraday credit in large-value payment systems

This article explains how large-value payment systems work, using either gross or net settlement. The author discusses risk control in a real-time gross settlement system and analyzes the pricing of credit to provide intraday liquidity. She argues for distinguishing between consumption/investment debt and payment debt. A theoretical model suggests that, under the assumption that there are no opportunities for intraday optimization of consumption and production, the risk-free rate on intraday payment credit should be zero. This is because the cost of intraday liquidity is a transaction cost of ...
Economic Perspectives , Volume 25 , Issue Q III , Pages 29-44

FILTER BY year

FILTER BY Series

Working Papers 33 items

Finance and Economics Discussion Series 20 items

Proceedings 19 items

Working Paper Series 16 items

Economic Review 11 items

FRBSF Economic Letter 9 items

show more (47)

FILTER BY Content Type

Journal Article 95 items

Working Paper 94 items

Conference Paper 35 items

Report 18 items

Newsletter 9 items

Speech 9 items

show more (4)

FILTER BY Author

Evanoff, Douglas D. 10 items

Wall, Larry D. 9 items

anonymous 8 items

Dudley, William 7 items

Chatterjee, Satyajit 6 items

Cole, Harold L. 5 items

show more (296)

FILTER BY Jel Classification

E21 6 items

E44 5 items

D91 4 items

K35 4 items

G18 3 items

D14 2 items

show more (29)

FILTER BY Keywords

Debt 266 items

Corporations - Finance 23 items

Credit 18 items

Consumer credit 18 items

Risk 16 items

Bank supervision 15 items

show more (234)

PREVIOUS / NEXT