Search Results

Showing results 1 to 10 of approximately 2,618.

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
The geographic scope of retail deposit markets
Prager, Robin A.; Heitfield, Erik (2002)
In the United States, antitrust authorities rely heavily on numerical measures of local banking market concentration such as the Herfindahl Hirschmann Index to assess the likely competitive effects of proposed bank mergers and acquisitions. This approach to antitrust enforcement relies on two important assumptions: (1) that markets for at least some types of banking products are local in scope, and (2) that market concentration measures can serve as effective proxies for banks' abilities to extract monopoly rents. This paper uses balance sheet data from most banks operating in the United ...
Finance and Economics Discussion Series , Paper 2002-49

Working Paper
Who invented local power analysis?
McManus, Douglas A. (1990)
Finance and Economics Discussion Series , Paper 130

Working Paper
Changing Business Dynamism and Productivity : Shocks vs. Responsiveness
Decker, Ryan A.; Haltiwanger, John; Jarmin, Ron S.; Miranda, Javier (2018-02-02)
The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal responsiveness of businesses to those shocks. Using several novel empirical facts from business microdata, we infer that the pervasive post-2000 decline in reallocation reflects weaker responsiveness in a manner consistent with rising adjustment frictions and not lower dispersion of shocks. The within-industry dispersion of TFP and output per worker has risen, while ...
Finance and Economics Discussion Series , Paper 2018-007

Working Paper
A primer on program trading and stock price volatility: a survey of the issues and the evidence
Kupiec, Paul H.; White, Patricia A.; Duffee, Gregory R. (1990)
Finance and Economics Discussion Series , Paper 109

Working Paper
Forward-looking and Incentive-compatible Operational Risk Capital Framework
Migueis, Marco (2017-08-22)
This paper proposes an alternative framework to set banks? operational risk capital, which allows for forward-looking assessments and limits gaming opportunities by relying on an incentive-compatible mechanism. This approach would improve upon the vulnerability to gaming of the AMA and the lack of risk-sensitivity of BCBS?s new standardized approach for operational risk.
Finance and Economics Discussion Series , Paper 2017-087

Working Paper
Information Disclosures, Default Risk, and Bank Value
Zer, Ilknur (2015-11-17)
This paper investigates the causal effects of voluntary information disclosures on a bank's expected default probability, enterprise risk, and value. I measure disclosure via a self-constructed index for the largest 80 U.S. bank holding companies for the period 1998-2011. I provide evidence that a bank's management responds to a plausibly exogenous deterioration in the supply of public information by increasing its voluntary disclosure, which in turn improves investors' assessment of the bank risk and value. This evidence suggests that disclosure may alleviate informational frictions and lead ...
Finance and Economics Discussion Series , Paper 2015-104

Working Paper
Precautionary savings motives and tax efficiency of household portfolios: an empirical analysis
Amromin, Gene (2005)
Tax efficiency is the dominant consideration in theoretical portfolio models that allow for both taxable and tax-deferred accounts (TDAs). Investors are advised to locate higher-tax assets in their tax-deferred accounts, which in the Unites States commonly translates into "holding bonds inside TDAs and holding equities outside." Yet, observed portfolio allocations are not tax efficient. This paper empirically evaluates the predictions of a recent model designed to bridge the existing gap by explicitly incorporating uninsurable labor income risk and limited accessibility of TDA assets in ...
Finance and Economics Discussion Series , Paper 2005-01

Working Paper
New Financial Stability Governance Structures and Central Banks
Liang, J. Nellie; Edge, Rochelle M. (2019-03-25)
We evaluate the institutional frameworks developed to implement time-varying macroprudential policies in 58 countries. We focus on new financial stability committees (FSCs) that have grown dramatically in number since the global financial crisis, and their interaction with central banks, and infer countries? revealed preferences for effectiveness versus political economy considerations. Using cluster analysis, we find that only one-quarter of FSCs have both good processes and good tools to implement macroprudential actions, and that instead most FSCs have been designed to improve ...
Finance and Economics Discussion Series , Paper 2019-019

Working Paper
The impact of liabilities for retiree health benefits on share prices
Warshawsky, Mark J.; Mittelstaedt, H. Fred (1991)
Finance and Economics Discussion Series , Paper 156

Working Paper
Transparency and Collateral: The Design of CCPs' Loss Allocation Rules
Carli, Francesco; Carapella, Francesca; Antinolfi, Gaetano (2019-08)
This paper adopts a mechanism design approach to study optimal clearing arrangements for bilateral financial contracts in which an assessment of counterparty risk is crucial for efficiency. The economy is populated by two types of agents: a borrower and lender. The borrower is subject to limited commitment and holds private information about the severity of such lack of commitment. The lender can acquire information at a cost about the commitment of the borrower, which affects the assessment of counterparty risk. When truthful revelation by the borrower is not incentive compatible, the ...
Finance and Economics Discussion Series , Paper 2019-058

show more (411)

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords