Digital Commons Network^™

Financial Stability Report 2007, Bank Of England

Documents

No abstract provided.

Merrill Lynch Board Of Directors Presentation- Leveraged Finance And Mortgage Cdo Review, Bank Of America Corporation/ Bank Of America Merrill Lynch

Documents

No abstract provided.

David G. Nason, Assistant Secretary For Financial Institutions Remarks On Financial Regulation Before The Exchequer Club, David Nason

Documents

No abstract provided.

Remarks By Secretary Henry M. Paulson, Jr. On Current Housing And Mortgage Market Developments Georgetown University Law Center, Henry M. Paulson Jr.

Documents

No abstract provided.

Citigroup Third Quarter 2007 Earnings Call Transcript, Art Tildesley, Charles Prince, Gary Crittenden, Jason Goldberg, Betsy Graseck, Guy Moszkowski, Glenn Schorr, John Mcdonald, Ron Mandle, Michael L. Mayo, Meredith Whitney, Jeff Harte, Vivek Juneja, Diane Merdian

Documents

No abstract provided.

Yale Medicine : Alumni Bulletin Of The School Of Medicine, Autumn 2007- Spring 2008, Yale University. School Of Medicine

Yale Medicine Magazine - alumni bulletin and magazine

This volume contains Yale medicine: alumni bulletin of the School of Medicine, v.42 (Autumn 2007-Spring 2008). Prepared in cooperation with the alumni and development offices at the School of Medicine. Earlier volumes are called Yale School of Medicine alumni bulletins, dating from v.1 (1953) through v.13 (1965).

Digitized with funding from the Arcadia fund, 2017.

Low Interest Rates And High Asset Prices: An Interpretation In Terms Of Changing Popular Models, Robert J. Shiller

Cowles Foundation Discussion Papers

There has been a widespread perception in the past few years that long-term asset prices are generally high because monetary authorities have effectively kept long-term interest rates, which the market uses to discount cash flows, low. This perception is not accurate. Long-term interest rates have not been especially low. What has changed to produce high asset prices appears instead to be changes in popular economic models that people actually rely on when valuing assets. The public has mostly forgotten the concept of “real interest rate.” Money illusion appears to be an important factor to consider.

Inference For Parameters Defined By Moment Inequalities Using Generalized Moment Selection, Donald W.K. Andrews, Patrik Guggenberger

Cowles Foundation Discussion Papers

The topic of this paper is inference in models in which parameters are defined by moment inequalities and/or equalities. The parameters may or may not be identified. This paper introduces a new class of confidence sets and tests based on generalized moment selection (GMS). GMS procedures are shown to have correct asymptotic size in a uniform sense and are shown not to be asymptotically conservative. The power of GMS tests is compared to that of subsampling, m out of n bootstrap, and “plug-in asymptotic” (PA) tests. The latter three procedures are the only general procedures in the literature that have …

Opportunities And Issues Using Hmda Data; Robert Avery, Kenneth Brevoot, And Glenn Canner, Robert Avery, Kenneth Brevoot, Glenn Canner

Documents

No abstract provided.

Prospectus For The Primary Fund, Us Government Fund, Us Treasury Fund, And Reserve Liquid Performance Money Market Fund, The Reserve Fund

Documents

No abstract provided.

Bass Testimony Before The House Financial Services Committee, Mark Adelson, Kyle Bass, Michael B. Kanef, Joseph Mason, Sean Mathis, Vickie A. Tillman, Paul E. Kanjorski

Documents

No abstract provided.

Three Episodes Of Financial Fragility In Norway Since The 1890s, Karsten Gerdrup

Documents

No abstract provided.

Testimony Of Treasury Secretary Henry M. Paulson, Jr. Before The House Committee On Financial Services On The Legislative And Regulatory Options For Minimizing And Mitigating Mortgage Foreclosures, Henry M. Paulson Jr., Ben S. Bernanke, Alphonso R. Jackson

Documents

No abstract provided.

Staff Proposals For Auction Credit Facility And Swap Arrangements, Sandy Krieger

Documents

documents drafting the TAF's parameters before a proposal to the FOMC and Board

Fomc Statement September 18, 2007, Federal Reserve System: Board Of Governors: Federal Open Market Committee (Fomc)

Documents

Federal Open Market Committee decision to lower its target for the federal funds rate 50 basis points to 4-3/4 percent.

Meeting Of The Federal Open Market Committee On September 18, 2007, Federal Reserve System: Board Of Governors: Federal Open Market Committee (Fomc)

Documents

No abstract provided.

Excess Liquidity And Financial Market Risks, Wu Xiaoling

Documents

No abstract provided.

Moodys Town Hall Meeting Transcript, Raymond Mcdaniel, Brian Clarkson, Linda Huber, Jeane Derring

Documents

Other unidentified stakeholders participated in the Moody's Town Hall discussion as well

Aig Email From Andrew Forster To Tom Athan Re Collateral Summary, Adam Budnick, Tom Athan, Andrew Forster

Documents

No abstract provided.

Who Owns Residential Credit Risk?, Vikas Shilpiekandula, Olga Gorodetsky

Documents

No abstract provided.

Introductory Statement With Q&A, Jean-Claude Trichet

Documents

Press conference articulating the ECB's separation principle for the first time

Sec Risk Management Review Of Consolidated Supervised Entities (September 5, 2007), United States: Securities And Exchange Commission: Office Of Prudential Supervision And Risk Analysis (Opsra)

Documents

No abstract provided.

Collective Reputation, Professional Regulation And Franchising, Robert Evans, Timothy W. Guinnane

Cowles Foundation Discussion Papers

Collective reputation and its associated free-rider problem have been invoked to justify state licensing of professions and to explain the incidence of franchising. We examine the conditions under which it is possible to create a Pareto-improving collective reputation among groups of heterogeneous producers. If the regulator or franchisor cannot credibly commit to high quality then a common reputation can be created only if the groups are not too different and if marginal cost is declining. High cost groups benefit most from forming a common regime.

Understanding Recent Trends In House Prices And Home Ownership, Robert J. Shiller

Cowles Foundation Discussion Papers

This paper looks at a broad array of evidence concerning the recent boom in home prices, and considers what this means for future home prices and the economy. It does not appear possible to explain the boom in terms of fundamentals such as rents or construction costs. A psychological theory, that represents the boom as taking place because of a feedback mechanism or social epidemic that encourages a view of housing as an important investment opportunity, fits the evidence better. Three case studies of past booms are considered for comparison: the US housing boom of 1950, the US farmland boom …

Other Voices, Other Ways, Better Practices: Bridging Local And Professional Environmental Knowledge, Kim M. Wilkinson, Susan G. Clark, William R. Burch

Yale School of the Environment Publications Series

No abstract provided.

Aig Second Quarter Earnings Call, 2007, Martin Sullivan, Joseph Cassano, Robert E. Lewis, Andrew Foster, Edmund S.W. Tse, Frank Douglas, Frederick W. Geissinger, Jay S. Wintrob, Nicholas Walsh, William Nutt Jr., Richard Scott, Robert W. Clyde, Charlene Hamrah

Documents

No abstract provided.

An Economy With Personal Currency: Theory And Experimental Evidence, Martin Angerer, Juergen Huber, Martin Shubik, Shyam Sunder

Cowles Foundation Discussion Papers

Is personal currency issued by participants sufficient to operate an economy efficiently, with no outside or government money? Sahi and Yao (1989) and Sorin (1996) constructed a strategic market game to prove that this is possible. We conduct an experimental game in which each agent issues her personal IOUs, and a costless efficient clearinghouse adjusts the exchange rates among them so the markets always clear. The results suggest that if the information system and clearing are so good as to preclude moral hazard, any form of information asymmetry, and need for trust, the economy operates efficiently at any price level …

Law Number 3601: Taking Up And Pursuit Of The Business Of Credit Institutions, Capital Adequacy Of Credit Institutions And Investment Firms, And Other Provisions, Greece: Hellenic Republic

Documents

No abstract provided.

Paulson Says Subprime Rout Doesn't Threaten Economy (Bloomberg - Carmichael, Cook), Kevin Carmichael, Peter Cook

Documents

No abstract provided.

Citigroup 2007 Second Quarter Earnings Call Transcript, Art Tildesley, Charles Prince, Gary Crittenden, Robert Druskin, Glenn Schorr, Guy Moszkowski, Michael L. Mayo, Jason Goldberg, Steve Wharton, Ron Mandel, Dave Hilder, James Mitchell, Meredith Whitney, John Mcdonald

Documents

No abstract provided.