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Unprecedented Actions: The Federal Reserve's Response To The Global Financial Crisis In Historical Perspective, Frederic S. Mishkin, Eugene N. White Dec 2014

Unprecedented Actions: The Federal Reserve's Response To The Global Financial Crisis In Historical Perspective, Frederic S. Mishkin, Eugene N. White

Documents

No abstract provided.


Comunicat Informativ Al Băncii De Economii S.A., Banca De Economii Dec 2014

Comunicat Informativ Al Băncii De Economii S.A., Banca De Economii

Documents

No abstract provided.


Additional Information Regarding Primary Fund In Liquidation: Date Of Final Distribution December 9, 2014, The Reserve Fund Dec 2014

Additional Information Regarding Primary Fund In Liquidation: Date Of Final Distribution December 9, 2014, The Reserve Fund

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No abstract provided.


Declaration Of The Governor Of The National Bank Of Moldova, Dorin Dragutanu Dec 2014

Declaration Of The Governor Of The National Bank Of Moldova, Dorin Dragutanu

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No abstract provided.


Nbm Returns Control Upon Bem To State, Infotag Dec 2014

Nbm Returns Control Upon Bem To State, Infotag

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No abstract provided.


Economic Policy Review, Federal Reserve System: Federal Reserve Bank Of New York Dec 2014

Economic Policy Review, Federal Reserve System: Federal Reserve Bank Of New York

Documents

Special Issue: Large and Complex Banks


A New Hedonic Regression For Real Estate Prices Applied To The Singapore Residential Market, Liang Jiang, Peter C.B. Phillips, Jun Yu Dec 2014

A New Hedonic Regression For Real Estate Prices Applied To The Singapore Residential Market, Liang Jiang, Peter C.B. Phillips, Jun Yu

Cowles Foundation Discussion Papers

This paper develops a new hedonic method for constructing a real estate price index that utilizes all transaction price information that encompasses both single-sale and repeat-sale properties. The new method is less prone to specification errors than standard hedonic methods and uses all available data. Like the Case-Shiller repeat-sales method, the new method has the advantage of being computationally efficient. In an empirical analysis of the methodology, we fit the model to all transaction prices for private residential property holdings in Singapore between Q1 1995 and Q2 2014, covering several periods of major price fluctuation and changes in government macroprudential …


Yale Scientific Magazine: Volume 88, Number 1 Dec 2014

Yale Scientific Magazine: Volume 88, Number 1

Yale Scientific Magazine

No abstract provided.


A Multivariate Stochastic Unit Root Model With An Application To Derivative Pricing, Offer Lieberman, Peter C.B. Phillips Dec 2014

A Multivariate Stochastic Unit Root Model With An Application To Derivative Pricing, Offer Lieberman, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper extends recent findings of Lieberman and Phillips (2014) on stochastic unit root (SUR) models to a multivariate case including a comprehensive asymptotic theory for estimation of the model’s parameters. The extensions are useful because they lead to a generalization of the Black-Scholes formula for derivative pricing. In place of the standard assumption that the price process follows a geometric Brownian motion, we derive a new form of the Black-Scholes equation that allows for a multivariate time varying coefficient element in the price equation. The corresponding formula for the value of a European-type call option is obtained and shown …


Identifying Latent Structures In Panel Data, Liangjun Su, Zhentao Shi, Peter C.B. Phillips Dec 2014

Identifying Latent Structures In Panel Data, Liangjun Su, Zhentao Shi, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper provides a novel mechanism for identifying and estimating latent group structures in panel data using penalized regression techniques. We focus on linear models where the slope parameters are heterogeneous across groups but homogenous within a group and the group membership is unknown. Two approaches are considered — penalized least squares (PLS) for models without endogenous regressors, and penalized GMM (PGMM) for models with endogeneity. In both cases we develop a new variant of Lasso called classifier-Lasso (C-Lasso) that serves to shrink individual coefficients to the unknown group-specific coefficients. C-Lasso achieves simultaneous classification and consistent estimation in a single …


Par Izmaiņām Bankas Citadele Padomē, Citadele Nov 2014

Par Izmaiņām Bankas Citadele Padomē, Citadele

Documents

No abstract provided.


People's Bank Of China And Hong Kong Monetary Authority Renewed Currency Swap Agreement (11/27/2014), Hong Kong Monetary Authority Nov 2014

People's Bank Of China And Hong Kong Monetary Authority Renewed Currency Swap Agreement (11/27/2014), Hong Kong Monetary Authority

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Other Relevant Crises: European Sovereign Debt Crisis (2008 - 2012)


Secret Billions For Moldovan Banks, Newsmaker Nov 2014

Secret Billions For Moldovan Banks, Newsmaker

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No abstract provided.


2014 Performance And Accountability Report, United States: Federal Housing Finance Agency (Fhfa) Nov 2014

2014 Performance And Accountability Report, United States: Federal Housing Finance Agency (Fhfa)

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Contains the Message from the Director, Management's Discussion/Analysis, Performance Section, Financial Section, Other Information, and Appendix.


Carlos Da Silva Costa: Address To The Banco Espi­Rito Santo And Grupo Banco Espi­Rito Santo Parliamentary Inquiry, Carlos Da Silva Costa Nov 2014

Carlos Da Silva Costa: Address To The Banco Espi­Rito Santo And Grupo Banco Espi­Rito Santo Parliamentary Inquiry, Carlos Da Silva Costa

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No abstract provided.


Statistical Release: Otc Derivatives Statistics As Of June, Bank For International Settlements (Bis) Nov 2014

Statistical Release: Otc Derivatives Statistics As Of June, Bank For International Settlements (Bis)

Documents

Statistical Release: OTC Derivatives Statistics at End-June 2014 -- Monetary and Economic Department


Summary Of Haircuts For Securities Eligible For The Bank's Lending Operations, Bank Of England/Central Bank Of The United Kingdom Nov 2014

Summary Of Haircuts For Securities Eligible For The Bank's Lending Operations, Bank Of England/Central Bank Of The United Kingdom

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No abstract provided.


Guvernul Hotărîre Nr. 938 Din 13.11.2014, Iurie Leanca, Andrian Candu, Anatol Arapu, Oleg Efrim Nov 2014

Guvernul Hotărîre Nr. 938 Din 13.11.2014, Iurie Leanca, Andrian Candu, Anatol Arapu, Oleg Efrim

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No abstract provided.


Maiden Lane Transactions, Federal Reserve System: Federal Reserve Bank Of New York Nov 2014

Maiden Lane Transactions, Federal Reserve System: Federal Reserve Bank Of New York

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No abstract provided.


Peer Review Of The Netherlands, Financial Stability Board (Fsb) Nov 2014

Peer Review Of The Netherlands, Financial Stability Board (Fsb)

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No abstract provided.


Citadele: Jaunie Īpašnieki Paver Mums Iespējas Turpināt Attīstīt Bankas Darbību, Citadele Nov 2014

Citadele: Jaunie Īpašnieki Paver Mums Iespējas Turpināt Attīstīt Bankas Darbību, Citadele

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No abstract provided.


China Monetary Policy Report 2014 Q3, People's Bank Of China: Monetary Policy Analysis Group Nov 2014

China Monetary Policy Report 2014 Q3, People's Bank Of China: Monetary Policy Analysis Group

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No abstract provided.


Letter From Ecb President To Ireland Finance Minister Dated November 19, 2010, Jean-Claude Trichet Nov 2014

Letter From Ecb President To Ireland Finance Minister Dated November 19, 2010, Jean-Claude Trichet

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No abstract provided.


Austrian High Court To Hear Hypo "Haircut" Law Cases, Reuters Staff Nov 2014

Austrian High Court To Hear Hypo "Haircut" Law Cases, Reuters Staff

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No abstract provided.


Irish Letters, European Central Bank (Ecb) Nov 2014

Irish Letters, European Central Bank (Ecb)

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No abstract provided.


2014 Fall Report Of The Auditor General Of Canada, Chapter 5—Support To The Automotive Sector, Canada: Auditor General Of Canada Nov 2014

2014 Fall Report Of The Auditor General Of Canada, Chapter 5—Support To The Automotive Sector, Canada: Auditor General Of Canada

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No abstract provided.


Ripplewood And Latvian Privatization Agency Sign Agreement For Sale Of Citadele Bank, Citadele Nov 2014

Ripplewood And Latvian Privatization Agency Sign Agreement For Sale Of Citadele Bank, Citadele

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No abstract provided.


Isda 2014 Resolution Stay Protocol, International Swap Dealers Association, Inc. (Isda) Nov 2014

Isda 2014 Resolution Stay Protocol, International Swap Dealers Association, Inc. (Isda)

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No abstract provided.


Statement By Former Members Of The Parliamentary Commission On Banking Standards, United Kingdom: Parliament Nov 2014

Statement By Former Members Of The Parliamentary Commission On Banking Standards, United Kingdom: Parliament

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Mr Andrew Tyrie MP; Most Rev and Rt Hon the Archbishop of Canterbury ;Mark Garnier MP; Rt Hon Lord Lawson of Blaby; Mr Andrew Love MP; Rt Hon Lord McFall of Alcluith; John Thurso MP; Lord Turnbull KCB CVO


Introduction Of Intraday Repo Under The Renminbi Liquidity Facility, Hong Kong Monetary Authority Nov 2014

Introduction Of Intraday Repo Under The Renminbi Liquidity Facility, Hong Kong Monetary Authority

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No abstract provided.