Digital Commons Network^™

The Subprime Mortgage Market, Ben S. Bernanke

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Speech at the Federal Reserve Bank of Chicago's 43rd Annual Conference on Bank Structure and Competition, Chicago, Illinois

Occ Supervisory Letter From Scott Waterhouse To Leat And Watson Re Emea Structured Credit Derivatives Examination, Scott N. Waterhouse

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No abstract provided.

Minutes Of The Federal Open Market Committee - January 31 - February 1, 1995, Donald L. Kohn

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No abstract provided.

Frb Memo From Phyllis L Harwell To Citigroup File Re Citigroup Layoffs, Phyllis L. Harwell

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No abstract provided.

Health Economics For Low-Income Countries, Germano Mwabu

Discussion Papers

No abstract provided.

Biochemical And Functional Characterization Of The Tapasin/Erp57 Conjugate, David Ryan Peaper

Yale Medicine Thesis Digital Library

Recognition of MHC class I/peptide complexes is required for the generation of CD8+ T cell responses. Peptide loading onto MHC class I/beta2m dimers occurs in the ER and involves both specific proteins and cellular chaperones. Tapasin is essential for peptide loading onto most MHC class I alleles, and it forms a mixed disulfide with the glycoprotein specific oxidoreductase ERp57. I have characterized the biochemical requirements for tapasin/ERp57 conjugate formation and addressed potential functions for ERp57 in peptide loading. Tapasin specifically recruits ERp57 into a mixed disulfide at the expense of free ERp57 in the ER. Other components of the MHC …

Applications Of Subsampling, Hybrid, And Size-Correction Methods, Donald W.K. Andrews, Patrik Guggenberger

Cowles Foundation Discussion Papers

This paper analyzes the properties of subsampling, hybrid subsampling, and size-correction methods in two non-regular models. The latter two procedures are introduced in Andrews and Guggenberger (2005b). The models are non-regular in the sense that the test statistics of interest exhibit a discontinuity in their limit distribution as a function of a parameter in the model. The first model is a linear instrumental variables (IV) model with possibly weak IVs estimated using two-stage least squares (2SLS). In this case, the discontinuity occurs when the concentration parameter is zero. The second model is a linear regression model in which the parameter …

Implementing Partially Effective Hiv Prevention Programs: Changes In Sexual Risk Behavior And Epidemic Impact In Sub-Saharan Africa, Kyeen Mesesan

Yale Medicine Thesis Digital Library

While there is no magic bullet that can completely prevent HIV transmission and halt the HIV/AIDS pandemic, governments and policy makers have an array of partially-effective HIV prevention programs from which to choose, including the use of existing interventions (e.g. education and condom use) and technologies under development (e.g. microbicides and vaccines). Complex decisions regarding if, when, and how to implement various programs with partial efficacy must be made, often in the absence of data on program outcomes. Additionally, the quantitative tradeoff between program-related decreases in HIV transmission and the effects of risk behavior change is often unknown. The potential …

Federal Law No. 86-Fz Of July 10, 2002 On The Central Bank Of The Russian Federation (The Bank Of Russia) As Amended April 26, 2007, Russian Federation: State Duma

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No abstract provided.

Bear Stearns Asset Management Transcript Of Conference Call, Ralph R. Cioffi, Ken Mak, Heather Malloy, Shelley Bergman, Matthew Tannin, Joel Dryer, Michael Ezra, Ray Mcgarrigal, Scott Hirsch

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No abstract provided.

Office Of The Thrift Supervision Department Of The Treasury Targeted Review Of Aig Redacted, United States: Department Of The Treasury: Office Of Thrift Supervision

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No abstract provided.

Office Of The Thrift Supervision Department Of The Treasury Targeted Review Of Aig, James T. Christner

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No abstract provided.

Bear Stearns Email From Matt Tannin To Ralph Cioffi, Matthew Tannin, Phyllis Cioffi

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No abstract provided.

Merrill Lynch First Quarter 2007 Earnings Conference Call, Jonathan Blum, Jeff Edwards, Glenn Schorr, Michael L. Mayo, William Tanona, Douglas Sipkin, Michael Hecht

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No abstract provided.

Overview Of The Imf, Parmeshwar Ramlogan, Bernhard Fritz-Krockow

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No abstract provided.

Occ Letter From Grace E Dailey To Board Of Directors Re Part 30 Notice And Part 30 Compliance Plan Notice Of Satisfaction Of Safety And Soundness Notice, Grace E. Dailey, Scott N. Waterhouse

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This letter is addressed to Citibank's Board of Directors

Copper In-Use Stock And Copper Scrap In The State Of Connecticut, Usa, Jason Rauch, Matthew Eckleman, Robert Gordon

Yale School of the Environment Publications Series

During the summer of 2006, the standing in-use stocks and associated discards of copper, centered about the year 2000, were quantified for the State of Connecticut.The methodology, results, and discussion are published here in three parts:

Part A. In-Use Stocks of Copper in the State of Connecticut

Part B. Discard Flows from In-Use Stocks of Copper in the State of Connecticut

Part C. Recycling Rate of Old Scrap Copper in the State of Connecticut

Among the most important and interesting results are as follows:

1) A “bottom-up” assessment of the in-use stocks of copper in the State of Connecticut, circa …

Privatization In Israel The Creation Of A Mature Market Economy*, Igor Gurkov

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No abstract provided.

Sec Risk Management Review Of Consolidated Supervised Entities (March 30, 2007), United States: Securities And Exchange Commission: Office Of Prudential Supervision And Risk Analysis (Opsra)

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No abstract provided.

Testimony Of Economist Bernanke, Economic Outlook Before The Joint Economic Committee, U.S. Congress, Ben S. Bernanke

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No abstract provided.

Testimony Of Joseph A. Smith, Jr. North Carolina Commissioner Of Banks On Behalf Of The Conference Of State Bank Supervisors On “Mortgage Market Turmoil: Causes And Consequences”, Joseph A. Smith, Jr. Jr.

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No abstract provided.

Lehman Board Presentation On Subprime Mortgage Origination Business, Lehman Brothers Holdings Inc.

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No abstract provided.

Testimony Of Treasury Under Secretary Robert K. Steel Before The U.S. House Financial Services Committee On Government Sponsored Enterprise Reform, Robert Steel

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No abstract provided.

Volans 2007-1 Cdo Offering Circular, Crèdit Agricole Corporate And Investment Bank/Calyon

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This offering circular serves the interest of Volans Funding and Calyon Corporate and Investment Bank.

Washington Mutual 2006 10-K, Washington Mutual, Inc.

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No abstract provided.

The Limit Of Finite-Sample Size And A Problem With Subsampling, Donald W.K. Andrews, Patrik Guggenberger

Cowles Foundation Discussion Papers

This paper considers inference based on a test statistic that has a limit distribution that is discontinuous in a nuisance parameter or the parameter of interest. The paper shows that subsample, b n < n bootstrap, and standard fixed critical value tests based on such a test statistic often have asymptotic size — defined as the limit of the finite-sample size — that is greater than the nominal level of the tests. We determine precisely the asymptotic size of such tests under a general set of high-level conditions that are relatively easy to verify. The high-level conditions are verified in several examples. Analogous results are established for confidence intervals. The results apply to tests and confidence intervals (i) when a parameter may be near a boundary, (ii) for parameters defined by moment inequalities, (iii) based on super-efficient or shrinkage estimators, (iv) based on post-model selection estimators, (v) in scalar and vector autoregressive models with roots that may be close to unity, (vi) in models with lack of identification at some point(s) in the parameter space, such as models with weak instruments and threshold autoregressive models, (vii) in predictive regression models with nearly-integrated regressors, (viii) for non-differentiable functions of parameters, and (ix) for differentiable functions of parameters that have zero first-order derivative. Examples (i)-(iii) are treated in this paper. Examples (i) and (iv)-(vi) are treated in sequels to this paper, Andrews and Guggenberger (2005a, b). In models with unidentified parameters that are bounded by moment inequalities, i.e., example (ii), certain subsample confidence regions are shown to have asymptotic size equal to their nominal level. In all other examples listed above, some types of subsample procedures do not have asymptotic size equal to their nominal level.

Hybrid And Size-Corrected Subsample Methods, Donald W.K. Andrews, Patrik Guggenberger

Cowles Foundation Discussion Papers

This paper considers the problem of constructing tests and confidence intervals (CIs) that have correct asymptotic size in a broad class of non-regular models. The models considered are non-regular in the sense that standard test statistics have asymptotic distributions that are discontinuous in some parameters. It is shown in Andrews and Guggenberger (2005a) that standard fixed critical value, subsample, and b < n bootstrap methods often have incorrect size in such models. This paper introduces general methods of constructing tests and CIs that have correct size. First, procedures are introduced that are a hybrid of subsample and fixed critical value methods. The resulting hybrid procedures are easy to compute and have correct size asymptotically in many, but not all, cases of interest. Second, the paper introduces size-correction and “plug-in” size-correction methods for fixed critical value, subsample, and hybrid tests. The paper also introduces finite-sample adjustments to the asymptotic results of Andrews and Guggenberger (2005a) for subsample and hybrid methods and employs these adjustments in size-correction. The paper discusses several examples in detail. The examples are: (i) tests when a nuisance parameter may be near a boundary, (ii) CIs in an autoregressive model with a root that may be close to unity, and (iii) tests and CIs based on a post-conservative model selection estimator.

The Limit Of Finite-Sample Size And A Problem With Subsampling, Donald W.K. Andrews, Patrik Guggenberger

Cowles Foundation Discussion Papers

This paper considers inference based on a test statistic that has a limit distribution that is discontinuous in a nuisance parameter or the parameter of interest. The paper shows that subsample, b n < n bootstrap, and standard fixed critical value tests based on such a test statistic often have asymptotic size — defined as the limit of the finite-sample size — that is greater than the nominal level of the tests. We determine precisely the asymptotic size of such tests under a general set of high-level conditions that are relatively easy to verify. The high-level conditions are verified in several examples. Analogous results are established for confidence intervals. The results apply to tests and confidence intervals (i) when a parameter may be near a boundary, (ii) for parameters defined by moment inequalities, (iii) based on super-efficient or shrinkage estimators, (iv) based on post-model selection estimators, (v) in scalar and vector autoregressive models with roots that may be close to unity, (vi) in models with lack of identification at some point(s) in the parameter space, such as models with weak instruments and threshold autoregressive models, (vii) in predictive regression models with nearly-integrated regressors, (viii) for non-differentiable functions of parameters, and (ix) for differentiable functions of parameters that have zero first-order derivative. Examples (i)-(iii) are treated in this paper. Examples (i) and (iv)-(vi) are treated in sequels to this paper, Andrews and Guggenberger (2005a, b). In models with unidentified parameters that are bounded by moment inequalities, i.e., example (ii), certain subsample confidence regions are shown to have asymptotic size equal to their nominal level. In all other examples listed above, some types of subsample procedures do not have asymptotic size equal to their nominal level.

Remarks By Treasury Secretary Henry M. Paulson, Jr. Before The Economic Club Of Washington, Henry M. Paulson Jr.

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No abstract provided.

Bear Stearns Email From Matt Tannin To Bella Borg-Brenner, Matthew Tannin, Bella Borg-Brenner

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No abstract provided.