Digital Commons Network^™

The Workings Of Liquidity Lines Between Central Banks, Saleem Bahaj, Ricardo Reis

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No abstract provided.

Lessons Learned: Jason Furman, Mercedes Cardona

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Recommended Citation: Cardona, Mercedes (2021)"Lessons Learned: Jason Furman," The Journal of Financial Crises: Vol. 3 : Iss. 4, 25-27. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/2

Lessons Learned: Jenni Lecompte, Mercedes Cardona

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Recommended Citation: Cardona, Mercedes (2021) "Lessons Learned: Jenni LeCompte," The Journal of Financial Crises: Vol. 3 : Iss. 4, 28-30. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/3

Lessons Learned: Timothy Massad, Yasemin Esmen

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Esmen, Yasemin (2021) "Lessons Learned: Timothy Massad," The Journal of Financial Crises: Vol. 3 : Iss. 4, 34-37. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/5

Lessons Learned: William Nelson, Sandra Ward

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Ward, Sandra (2021) "Lessons Learned: William Nelson," The Journal of Financial Crises: Vol. 3 : Iss. 4, 38-40. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/6

Lessons Learned: Lewis "Lee" Sachs, Yasemin Esmen

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Esmen, Yasemin (2021) "Lessons Learned: Lewis "Lee" Sachs," The Journal of Financial Crises: Vol. 3 : Iss. 4, 41-44. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/7

Lessons Learned: Richard "Jake" Siewert, Mercedes Cardona

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Cardona, Mercedes (2021) "Lessons Learned: Richard “Jake"Siewert," The Journal of Financial Crises: Vol. 3 : Iss. 4, 45-48. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/8

Lessons Learned: Andreas Lehnert, Mercedes Cardona

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Recommended Citation: Cardona, Mercedes (2021) "Lessons Learned: Andreas Lehnert," The Journal of Financial Crises: Vol. 3 : Iss. 4, 31-33. Available at: https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss4/4

The Fed's International Dollar Liquidity Facilities: New Evidence On Effects, Linda Goldberg, Fabiola Ravazzolo

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No abstract provided.

Central Bank Currency Swaps Tracker, Ben Steil, Benjamin Della Rocca, Dinah Walker

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No abstract provided.

Central Bank Currency Swaps Tracker, Ben Steil, Benjamin Della Rocca, Dinah Walker

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No abstract provided.

The Measuring Of Assortativeness In Marriage, Pierre-André Chiappori, Monica Costa-Dias, Costas Meghir

Cowles Foundation Discussion Papers

Measuring the extent to which assortative matching
differs between two economies is challenging when the marginal distributions of the characteristic along which sorting takes place (e.g. education) also changes for either or both sexes. Drawing from the statistics literature we define simple conditions that any index has to satisfy to provide a measure of change in sorting that is not distorted by changes in the marginal distributions of the characteristic. While our characterisation of indices of assortativeness is not complete, and hence cannot exclude the possibility of multiple indices providing contradictory results, in an empirical application to US data we …

Where Did That Imf Covid Money Go?, Dj Nordquist, Dan Katz

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No abstract provided.

The Riksbank's Asset Purchases During The First Quarter Of 2022, Sveriges Riksbank

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No abstract provided.

Motivating Banks To Lend? Credit Spillover Effects Of The Main Street Lending Program, Camelia Minoiu, Rebecca Zarutskie, Andrei Zlate

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No abstract provided.

Inclusion In/Exclusion From The Second Schedule To The Reserve Bank Of India Act, 1934 - Regional Rural Banks (Rrbs), Rbi/2021-22/133, Reserve Bank Of India

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No abstract provided.

The Monetary Committee Decides On November 22, 2021 To Keep The Interest Rate Unchanged At 0.1 Percent, Bank Of Israel

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No abstract provided.

Mlf Limited Liability Company Agreement, With Amendments, Federal Reserve System: Federal Reserve Bank Of New York

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Included alongside this agreement is a cover letter from the Federal Reserve Bank of New York.

Third Amended And Restated Limited Liability Company Agreement Of Ms Facilities Llc, Federal Reserve System: Federal Reserve Bank Of Boston

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LLC agreement describing MSLP SPV incorporation and following the initial agreement

Spain – Fondo De Reestructuración Ordenada Bancaria (Frob) Capital Injections, Priya Sankar

Journal of Financial Crises

The Spanish government created the Fondo de Reestructuración Ordenada Bancaria (FROB), known in English as the Fund for Orderly Bank Restructuring (FROB) in 2009 to perform temporary capital injections that facilitated the restructuring and mergers and acquisitions of struggling institutions. The FROB used preferred shares, ordinary shares, and contingent convertible bonds to recapitalize struggling Spanish credit institutions. The FROB injected a total of €54.4 billion of capital in three rounds. FROB I in 2010 injected capital to support the mergers of 25 insolvent regional savings banks, or cajas, into seven larger, more solvent banks through the subscription of convertible preferred …

Korean Capital Injections: Kdic 1997, Adam Kulam

Journal of Financial Crises

After the devaluation of the Thai baht in July 1997, international banks reduced their exposures to Korean financial institutions, rating agencies downgraded Korea’s sovereign rating, and the Korean won lost half its value. The government guaranteed all financial institution deposits and provided emergency liquidity support to the financial sector, but these measures did not restore market confidence. In December, Korea sought an International Monetary Fund (IMF) Stand-by Arrangement. As part of the IMF program, the Korean National Assembly consolidated financial sector supervision into a new Financial Supervisory Commission (FSC) and broadened the scope of the Korea Deposit Insurance Corporation (KDIC). …

Japan Provision Of Subordinated Loans, Shiro Kawana

Journal of Financial Crises

During the international financial turmoil associated with the Global Financial Crisis, Japan’s financial institutions remained relatively sound because their exposure to overseas structured credit products was limited. Restructuring in the aftermath of Japan’s own banking crisis in the late 1990s also contributed to making Japanese banks resilient to external shocks. Nonetheless, Japanese banks’ profitability was at risk. Due to the large amount of stockholdings, major banks had large market risks which might significantly worsen their capital ratios. The increasing volatility of stock prices could make banks conscious of capital constraints in the future and could trigger an adverse feedback loop …

Hungary Recapitalization Scheme, Alec Buchholtz

Journal of Financial Crises

In the midst of the global financial crisis in October 2008, the Magyar Namzeti Bank (MNB), the Hungarian national bank, noticed a selloff of government securities by foreign banks and a large depreciation in the exchange rate of the Hungarian forint (HUF) in FX markets. Hungarian banks experienced liquidity pressure due to margin calls on FX swap contracts, prompting the MNB and Minister of Finance to seek assistance from the International Monetary Fund (IMF), European Central Bank (ECB) and the World Bank. The IMF and ECB approved the Hungarian government’s (the State) requests in late 2008 to create a €19 …

Germany Soffin Capital Injections, Priya Sankar

Journal of Financial Crises

The insolvency of Lehman Brothers in September 2008 and the subsequent global liquidity crisis spurred the German state to pass the Financial Market Stabilization Fund Act (Finanzmarktstabilisierungsfondsgesetz, “FMStFG”) establishing the Federal Agency for Financial Market Supervision (Bundesanstalt für Finanzmarktstabilisierung), or FMSA. Created in October 2008, it provided government support to ailing financial institutions. The FMSA supported German banks and maintained the stability of the German banking system, in part by establishing the Financial Market Stabilization Fund (Sonderfunds Finanzmarktstabilisierung), or SoFFin. SoFFin could provide capital injections and risk shield measures of €80 billion and also possessed a guarantee provision of up …

Colombia: Fogafin Capitalizations Of 1999 And 2001, Junko Oguri, Manuel León Hoyos

Journal of Financial Crises

In 1998, Colombia entered a severe recession. GDP contracted by 4.2% in 1999, and the unemployment rate surpassed 20%. Political turmoil exacerbated trade and fiscal imbalances. The economic downturn led to credit contractions, particularly in the mortgage market. The nonperforming loan (NPL) ratio increased from 8% in December 1997 to 16.1% in November 1999. The NPL ratio for residential mortgages grew from 6% in December 1997 to 19.8% in January 2000.

In 1999, due to the continuous deterioration of credit institutions, the government, through FOGAFIN (the Financial Institutions Guarantee Fund—the state agency for bank resolutions and deposit insurance), initiated rescue …

No Manuals: Archives Administration 100 Years After Jenkinson’S Manual, James Lowry, Riah Lee Kinsey, Aimee Lusty, Ezra Hyman, Phyllis Heitjan, Alexander Rettie, Kylie Goetz

Journal of Contemporary Archival Studies

This article discusses authority and the codification of professional principles in the archival field by comparing Sir Hilary Jenkinson’s Manual of Archive Administration (1922) with the contents of a wiki called A (New) Manual of Archive Administration, created by the Archival Discourses research network in the lead up on the centenary of Jenkinson’s text. Instead of a systematic comparison of the two texts, the article uses the mode of the “wiki game” to randomly navigate the intellectual content of the wiki. The authors then make comparisons between the wiki entries and the ideas espoused in Jenkinson’s manual. This comparison …

Us Capital Purchase Program, Aidan Lawson, Adam Kulam

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No abstract provided.

Hong Kong Contingent Bank Capital Facility (Cbcf), David Tam, Steven Kelly

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No abstract provided.

Ypfs Lessons Learned Oral History Project: An Interview With Hiroshi Nakaso, Hiroshi Nakaso, Maryann Haggerty

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Suggested Citation Form: Nakaso, Hiroshi, 2022. “Lessons Learned Interview by Maryann Haggerty, November 9, 2021”. Yale Program on Financial Stability Lessons Learned Oral History Project. Transcript. https://ypfs.som.yale.edu/library/ypfs-lesson-learned-oral-history-project-interview-hiroshi-nakaso

Ypfs Lessons Learned Oral History Project: An Interview With Faith Schwartz, Faith Schwartz, Mary Anne Chute Lynch

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No abstract provided.