Search Results
Showing results 1 to 10 of approximately 50.
(refine search)
Discussion Paper
Insider Networks
Erol, Selman; Lee, Michael Junho
(2020-06-25)
Modern-day financial systems are highly complex, with billions of exchanges in information, assets, and funds between individuals and institutions. Though daunting to operationalize, regulating these transmissions may be desirable in some instances. For example, securities regulators aim to protect investors by tracking and punishing insider trading. Recent evidence shows that insiders have formed sophisticated networksthat enable them to pursue activities outside the purview of regulatory oversight. In understanding the cat-and-mouse game between regulators and insiders, a key consideration ...
Liberty Street Economics
, Paper 20200625
Report
International banking and liquidity risk transmission: lessons from across countries
Goldberg, Linda S.; Buch, Claudia M.
(2014-05-01)
Activities of international banks have been at the core of discussions on the causes and effects of the international financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through international banks, including the reasons for heterogeneity in transmission across banks. The International Banking Research Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual banks to analyze issues pertaining to global banks. This paper summarizes the common methodology and ...
Staff Reports
, Paper 675
Regulating Fintech: One Size Does Not Fit All
White, Carl
(2021-02-24)
As fintech companies make inroads into banking, they have raised regulatory issues at the state and federal levels.
On the Economy
Working Paper
Embedded Supervision: How to Build Regulation into Blockchain Finance
Auer, Raphael
(2019-10-01)
The spread of distributed ledger technology (DLT) in finance could help to improve the efficiency and quality of supervision. This paper makes the case for embedded supervision, i.e., a regulatory framework that provides for compliance in tokenized markets to be automatically monitored by reading the market?s ledger, thus reducing the need for firms to actively collect, verify and deliver data. After sketching out a design for such schemes, the paper explores the conditions under which distributed ledger data might be used to monitor compliance. To this end, a decentralized market is modelled ...
Globalization Institute Working Papers
, Paper 371
Speech
U.S. Regulations and Approaches to Cryptocurrencies
Held, Michael
(2019-12-03)
Remarks at the BIS Central Bank Legal Experts’ Meeting, Basel, Switzerland
Speech
Discussion Paper
The Treasury Market Practices Group: A Consequential First Decade
Garbade, Kenneth D.; Mithal, Radhika; Keane, Frank M.
(2017-09-26)
The Treasury Market Practices Group (TMPG) was formed in February 2007 in response to the appearance of some questionable trading practices in the secondary market for U.S. Treasury securities. (A history of the origins of the TMPG is available here.) Left unaddressed, the practices threatened to harm the efficiency and integrity of an essential global benchmark market. The Group responded by identifying and publicizing “best practices” in trading Treasury securities—a statement of behavioral norms intended to maintain a level and competitive playing field for all market participants. ...
Liberty Street Economics
, Paper 20170926
Journal Article
The Gordon Gekko effect: the role of culture in the financial industry
Lo, Andrew W.
(2016-08)
Culture is a potent force in shaping individual and group behavior, yet it has received scant attention in the context of financial risk management and the 2007-09 financial crisis. This article presents a brief overview of the role of culture as it is seen by psychologists, sociologists, and economists, and then describes a specific framework for analyzing culture in the context of financial practices and institutions. Using this framework, the author addresses three questions: (1) what is culture? (2) does it matter? and (3) can it be changed? He illustrates the utility of this framework by ...
Economic Policy Review
, Issue Aug
, Pages 17-42
Working Paper
Did residential electricity rates fall after retail competition? a dynamic panel analysis
Yücel, Mine K.; Swadley, Adam
(2011)
A key selling point for the restructuring of electricity markets was the promise of lower prices, that competition among independent power suppliers would lower electricity prices to retail customers. There is not much consensus in earlier studies on the effects of electricity deregulation, particularly for residential customers. Part of the reason for not finding a consistent link with deregulation and lower prices was that the removal of the transitional price caps led to higher prices. In addition, the timing of the removal of price caps coincided with rising fuel prices, which were passed ...
Working Papers
, Paper 1105
Working Paper
Spatial Commitment Devices and Addictive Goods: Evidence from the Removal of Slot Machines from Bars
Scholnick, Barry; Byun, Hyungsuk
(2017-10-06)
Commitment device theory suggests that temptations to consume addictive goods could be reduced by the regulatory removal of geographically close environmental cues. We provide new evidence on this hypothesis using a quasi-natural experiment, in which gambling regulators removed slot machines from some, but not all, neighborhood bars. We find that the removal of slot machines reduced personal bankruptcies of close neighbors (within 100 meters) but not neighbors slightly farther away. This is consistent with the removal of neighborhood slots serving as an effective spatial commitment device, ...
Working Papers
, Paper 17-34
Discussion Paper
What Happens When Regulatory Capital Is Marked to Market?
Vickery, James; Fuster, Andreas
(2018-10-11)
Minimum equity capital requirements are a key part of bank regulation. But there is little agreement about the right way to measure regulatory capital. One of the key debates is the extent to which capital ratios should be based on current market values rather than historical ?accrual? values of assets and liabilities. In a new research paper, we investigate the effects of a recent regulatory change that ties regulatory capital directly to the market value of the securities portfolio for some banks.
Liberty Street Economics
, Paper 20181011
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of New York 23 items
Federal Reserve Bank of Chicago 5 items
Federal Reserve Bank of Philadelphia 5 items
Federal Reserve Bank of St. Louis 5 items
Federal Reserve Bank of Dallas 4 items
Federal Reserve Bank of Cleveland 3 items
Federal Reserve Bank of Boston 2 items
Federal Reserve Bank of Richmond 2 items
Federal Reserve Bank of Atlanta 1 items
show more (4)
show less
FILTER BY Series
Staff Reports 11 items
Working Papers 11 items
Liberty Street Economics 8 items
Speech 5 items
Chicago Fed Letter 3 items
On the Economy 3 items
Economic Policy Review 2 items
Banking Trends 1 items
Economic Commentary 1 items
Economic Insights 1 items
FRB Atlanta Working Paper 1 items
Globalization Institute Working Papers 1 items
Richmond Fed Economic Brief 1 items
Working Paper 1 items
show more (9)
show less
FILTER BY Content Type
Working Paper 14 items
Report 11 items
Discussion Paper 8 items
Journal Article 5 items
Speech 5 items
Newsletter 3 items
Briefing 1 items
show more (2)
show less
FILTER BY Author
Fuster, Andreas 4 items
Shachar, Or 4 items
Vickery, James 4 items
Adrian, Tobias 3 items
Boyarchenko, Nina 3 items
Cipriani, Marco 3 items
Copeland, Adam 3 items
Goldberg, Linda S. 3 items
Kovner, Anna 3 items
La Spada, Gabriele 3 items
Plosser, Matthew 3 items
White, Carl 3 items
Afonso, Gara 2 items
Blickle, Kristian S. 2 items
Buch, Claudia M. 2 items
DiSalvo, James 2 items
Duca, John V. 2 items
Evans, Charles L. 2 items
Johnston, Ryan 2 items
Kennedy, Pamela 2 items
Martin, Antoine 2 items
Santos, João A. C. 2 items
Antill, Samuel 1 items
Auer, Raphael 1 items
Baxter, Thomas C. 1 items
Bonilla, Romel 1 items
Bordo, Michael D. 1 items
Bräuning, Falk 1 items
Byun, Hyungsuk 1 items
Calem, Paul S. 1 items
Carletti, Elena 1 items
Cooper, Jenna 1 items
Correa, Ricardo 1 items
Costello, Anna M. 1 items
DeKoning, Charlotte 1 items
Duey, Zachary 1 items
Emmerich, Adam 1 items
Engelman, Katherine 1 items
Ennis, Huberto M. 1 items
Erol, Selman 1 items
Fillat, Jose 1 items
Fleming, Michael J. 1 items
Frame, W. Scott 1 items
Frost, Jane 1 items
Garbade, Kenneth D. 1 items
Haubrich, Joseph G. 1 items
Held, Michael 1 items
Hembd, Theresa 1 items
Hirtle, Beverly 1 items
Hou, David 1 items
Jaremski, Matthew 1 items
Keane, Frank M. 1 items
Kenney, Jeanna 1 items
Lacker, Jeffrey M. 1 items
Lambie-Hanson, Lauren 1 items
Lee, Michael Junho 1 items
Linnemann, Theo 1 items
Lo, Andrew W. 1 items
Markovich, Courtney 1 items
Marquart, Blake 1 items
Mester, Loretta J. 1 items
Mihov, Atanas 1 items
Mithal, Radhika 1 items
Nakamura, Leonard I. 1 items
Nashar, Joseph 1 items
Ongena, Steven 1 items
Perry, Wade 1 items
Roys, Nicolas 1 items
Sanz, Leandro 1 items
Sarkar, Asani 1 items
Scholnick, Barry 1 items
Selig, Ira 1 items
Siedlarek, Jan-Peter 1 items
Spagnolo, Giancarlo 1 items
Steigerwald, Robert 1 items
Sultanum, Bruno 1 items
Swadley, Adam 1 items
Tarascina, Anya 1 items
Vogt, Erik 1 items
Wang, J. Christina 1 items
Weinberg, John A. 1 items
Wheelock, David C. 1 items
Whitney, Lea 1 items
Yücel, Mine K. 1 items
show more (79)
show less
FILTER BY Jel Classification
G21 16 items
G28 14 items
G18 6 items
G1 5 items
G2 4 items
G20 4 items
E42 3 items
E58 3 items
G01 3 items
G12 3 items
G14 3 items
G38 3 items
D18 2 items
E41 2 items
E50 2 items
F34 2 items
G11 2 items
G32 2 items
D12 1 items
D14 1 items
D20 1 items
D40 1 items
D81 1 items
E23 1 items
E40 1 items
E44 1 items
E51 1 items
E52 1 items
F31 1 items
G15 1 items
G23 1 items
G3 1 items
G30 1 items
G34 1 items
G52 1 items
K20 1 items
K21 1 items
K22 1 items
K24 1 items
K35 1 items
L10 1 items
L40 1 items
L50 1 items
L83 1 items
L85 1 items
M40 1 items
N12 1 items
N2 1 items
N21 1 items
N22 1 items
O1 1 items
O40 1 items
Q5 1 items
Q54 1 items
show more (49)
show less
FILTER BY Keywords
regulation 50 items
banking 4 items
fintech 4 items
mortgages 4 items
supervision 4 items
banks 3 items
credit supply 3 items
liquidity 3 items
bank lending 2 items
bond liquidity 2 items
central bank reserves 2 items
community banks 2 items
consumer financial protection 2 items
consumer protection 2 items
corporate bonds 2 items
corporate governance 2 items
culture 2 items
dealer constraints 2 items
federal funds market 2 items
international banking 2 items
mortgage 2 items
repo market 2 items
risk 2 items
risk management 2 items
servicing 2 items
stablecoins 2 items
unintended consequences 2 items
Central Bank Digital Currencies 2 items
Money market funds 2 items
Asset booms and busts 1 items
Bankruptcy 1 items
Basel III 1 items
CCPs 1 items
CDS 1 items
COVID-19 1 items
Commodity Futures Trading Commission (CFTC) 1 items
Community banking 1 items
Counterparty 1 items
Dodd-Frank 1 items
Economic 1 items
Economy 1 items
FEMA maps 1 items
Financial Crimes Enforcement Network (FinCEN) 1 items
Financial Stability Oversight Council (FSOC) 1 items
Financial sector size 1 items
Financial system 1 items
Firm size distribution 1 items
Jay Clayton 1 items
My Big Coin 1 items
National Bank Act 1 items
Office of the Comptroller of the Currency (OCC) 1 items
Price 1 items
Program Effectiveness Index (PEI) 1 items
SIFI 1 items
Sarbanes-Oxley 1 items
Securities and Exchange Commission 1 items
Securities and Exchange Commission (SEC) 1 items
Treasury market 1 items
Treasury markets 1 items
access to credit 1 items
accounting 1 items
addiction 1 items
agency problem 1 items
antitrust 1 items
appraisal 1 items
asset management 1 items
asset-based tokens 1 items
auditing 1 items
available for sale 1 items
bank 1 items
bank capital 1 items
bank closures 1 items
bank complexity 1 items
bank entry 1 items
bank holding companies 1 items
bank notes 1 items
behavioral finance 1 items
blockchain 1 items
boards of directors 1 items
business formation 1 items
capital 1 items
capital controls 1 items
central bank liquidity 1 items
chief ethics and compliance officer (CECO) 1 items
climate change 1 items
commercial banks 1 items
compliance 1 items
compliance officer 1 items
credit rationing 1 items
crises 1 items
cross-border operations 1 items
cryptoassets 1 items
cryptocurrencies 1 items
de-risking 1 items
deposit insurance 1 items
digital currencies 1 items
digitalisation 1 items
distributed ledger technology 1 items
diversification 1 items
economic consensus 1 items
economic finality 1 items
ethics 1 items
fair value accounting 1 items
federal reserve 1 items
finance 1 items
financial frictions 1 items
firm size 1 items
fiscal policy 1 items
flood maps 1 items
flooding 1 items
foreclosures 1 items
free banking law 1 items
global banks 1 items
hedging 1 items
held to maturity 1 items
history 1 items
information 1 items
insider trading 1 items
insurance 1 items
large banks 1 items
law 1 items
legal risk 1 items
lending 1 items
leverage 1 items
macroprudential 1 items
market 1 items
market making 1 items
maturity mismatch 1 items
merger control 1 items
mergers and acquisitions 1 items
monetary policy 1 items
monetary policy implementation 1 items
money laundering 1 items
mortgage defaults 1 items
mortgage lending 1 items
open market operations 1 items
permissioned DLT 1 items
portfolio similarity 1 items
prime money market 1 items
privacy 1 items
private currencies 1 items
proof-of-stake 1 items
proof-of-work 1 items
proportionality 1 items
reaching for yield 1 items
reallocation 1 items
regtech 1 items
regulatory schemes 1 items
repeatable processes 1 items
repo 1 items
risk taking 1 items
rules 1 items
runs 1 items
secular stagnation 1 items
securities 1 items
shadow banking 1 items
shadow banks 1 items
small-business lending 1 items
sophisticated investors 1 items
spatial commitment devices 1 items
spillovers 1 items
stress testing 1 items
subsidiary locations 1 items
suptech 1 items
systemic risk 1 items
threshold effects 1 items
tokenisation 1 items
too big to fail 1 items
transmission 1 items
transmission networks 1 items
uncertainty 1 items
values 1 items
wildcat banks 1 items
zero lower bound 1 items
show more (171)
show less