Open Access. Powered by Scholars. Published by Universities.®

Digital Commons Network™

Open Access. Powered by Scholars. Published by Universities.®

Yale University

Discipline
Keyword
Publication Year
Publication
Publication Type
File Type

Articles 5911 - 5940 of 33853

Full-Text Articles in Entire DC Network

The Federal Reserve’S Financial Crisis Response D: Commercial Paper Market Facilities, Rosalind Z. Wiggins, Andrew Metrick Jul 2020

The Federal Reserve’S Financial Crisis Response D: Commercial Paper Market Facilities, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

During the summer of 2007, the U.S. residential mortgage market began to decline sharply negatively impacting the asset-backed commercial paper (ABCP) market, which often relied on mortgages as underlying support. Money Market Mutual Funds (MMMFs), significant investors in commercial paper (CP), quickly retreated from the market, causing a substantial decline in outstanding ABCP. In September 2008, pressures on the markets severely escalated again, when the Reserve Primary Fund MMMF “broke the buck” and prompted run-like redemption requests by many MMMF investors. These disruptions resulted in higher rates and shorter maturities, practically freezing the market for term CP. Concerned about the …


The Federal Reserve’S Financial Crisis Response C: Providing U.S. Dollars To Foreign Central Banks, Rosalind Z. Wiggins, Andrew Metrick Jul 2020

The Federal Reserve’S Financial Crisis Response C: Providing U.S. Dollars To Foreign Central Banks, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

The financial crisis that began in late 2007 with the decline in the United States (U.S.) subprime mortgage markets quickly spread to other markets and eventually disrupted the interbank funding markets in the U.S. as well as overseas. To address the strain in the U.S. dollar (USD) funding markets, the Federal Reserve worked with foreign central banks around the world to provide USD liquidity to affected overseas markets by entering into currency swap agreements. Following the bankruptcy of Lehman Brothers in September 2008, and the resulting further destabilization of the world’s financial systems, the size and utilization of these swaps …


The Federal Reserve’S Financial Crisis Response B: Lending & Credit Programs For Primary Dealers, Rosalind Z. Wiggins, Patricia C. Mosser, Andrew Metrick Jul 2020

The Federal Reserve’S Financial Crisis Response B: Lending & Credit Programs For Primary Dealers, Rosalind Z. Wiggins, Patricia C. Mosser, Andrew Metrick

Journal of Financial Crises

Beginning in the summer 2007 the Federal Reserve (the Fed) deployed numerous conventional and innovative programs to address the credit crisis occurring in the wholesale lending markets that was beginning to affect the broader financial markets and threaten the economy at large. Two of those programs, the Term Securities Lending Facility (TSLF) and the Primary Dealer Credit Facility (PDCF) were aimed at providing liquidity to primary dealers and required the Fed to rely on its authority under Section 13(3) of the Federal Reserve Act. Section 13(3) is a Depression Era amendment that permits the Fed expanded powers in “unusual and …


The Federal Reserve’S Financial Crisis Response A: Lending & Credit Programs For Depository Institutions, Rosalind Z. Wiggins, Andrew Metrick Jul 2020

The Federal Reserve’S Financial Crisis Response A: Lending & Credit Programs For Depository Institutions, Rosalind Z. Wiggins, Andrew Metrick

Journal of Financial Crises

Beginning in summer 2007, the Federal Reserve (the Fed) was called upon to address a severe disruption in the interbank lending markets sparked by a downturn in the subprime mortgage market. As these developments began to impact the ability of banks to raise adequate funding, the Fed encouraged them to utilize the Discount Window (DW), its standing facility for lending to depository institutions, and repeatedly decreased the lending rate to make the facility more accessible. Despite the Fed’s efforts, for a number of reasons, including historical perceptions of stigma, banks were reluctant to utilize the DW. In December 2007, the …


Solvency As A Fundamental Constraint On Lolr Policy For Independent Central Banks: Principles, History, Law, Sir Paul M. W. Tucker Jul 2020

Solvency As A Fundamental Constraint On Lolr Policy For Independent Central Banks: Principles, History, Law, Sir Paul M. W. Tucker

Journal of Financial Crises

This paper follows up earlier work advocating a principled modernization of doctrines for central bank lender-of-last-resort policies and operations. It argues for a new Fundamental Constraint on such authorities: namely, “the principle that central banks should not lend to firms that they know (or should know) to be fundamentally bust or broken.” Tucker supports this with commentary from various peers, a review of principles underlying bankruptcy law and resolution schemes, and by deconstructing other common counterarguments. Centrally, he argues that when central banks breach the Fundamental Constraint, they distribute resources to short-term creditors at the expense of longer-term creditors, …


Copula-Based Time Series With Filtered Nonstationarity, Xiaohong Chen, Zhijie Xiao, Bo Wang Jul 2020

Copula-Based Time Series With Filtered Nonstationarity, Xiaohong Chen, Zhijie Xiao, Bo Wang

Cowles Foundation Discussion Papers

Economic and financial time series data can exhibit nonstationary and nonlinear patterns simultaneously. This paper studies copula-based time series models that capture both patterns. We propose a procedure where nonstationarity is removed via a filtration, and then the nonlinear temporal dependence in the filtered data is captured via a flexible Markov copula. We study the asymptotic properties of two estimators of the parametric copula dependence parameters: the parametric (two-step) copula estimator where the marginal distribution of the filtered series is estimated parametrically; and the semiparametric (two-step) copula estimator where the marginal distribution is estimated via a rescaled empirical distribution of …


July 2020 Ecb Questions And Answers, European Central Bank (Ecb) Jul 2020

July 2020 Ecb Questions And Answers, European Central Bank (Ecb)

Documents

journalists' questions following ECB press conference and addressing fragmentation in the eurozone


Prolongation Of The Greek State Guarantee Scheme For Banks 01.06.2020-30.11.2020 (Art. 2 Of Law 3723/2008), European Union: European Commission Jul 2020

Prolongation Of The Greek State Guarantee Scheme For Banks 01.06.2020-30.11.2020 (Art. 2 Of Law 3723/2008), European Union: European Commission

Documents

No abstract provided.


Basis Trades And Treasury Market Illiquidity, Daniel Barth, Jay Kahn Jul 2020

Basis Trades And Treasury Market Illiquidity, Daniel Barth, Jay Kahn

Documents

No abstract provided.


The Imf Should Turn To Special Drawing Rights In Its Covid-19 Response, Yi Gang Jul 2020

The Imf Should Turn To Special Drawing Rights In Its Covid-19 Response, Yi Gang

Documents

No abstract provided.


Use Of Federal Reserve Programs As Of July 16, Junko Oguri, Pascal Ungersboeck Jul 2020

Use Of Federal Reserve Programs As Of July 16, Junko Oguri, Pascal Ungersboeck

Documents

No abstract provided.


Prosecutors Accuse Ex-Chief Over Collapse Of Banco Espírito Santo, Peter Wise Jul 2020

Prosecutors Accuse Ex-Chief Over Collapse Of Banco Espírito Santo, Peter Wise

Documents

No abstract provided.


Prosecutors Accuse Ex-Chief Over Collapse Of Banco Espi­Rito Santo, Peter Wise Jul 2020

Prosecutors Accuse Ex-Chief Over Collapse Of Banco Espi­Rito Santo, Peter Wise

Documents

No abstract provided.


No Bank Should Be Paying Dividends Right Now, Greg Feldberg Jul 2020

No Bank Should Be Paying Dividends Right Now, Greg Feldberg

Documents

No abstract provided.


Gao Report Highlights Opportunities To Improve Federal Covid Response And Recovery Efforts, Devyn Jeffereis Jul 2020

Gao Report Highlights Opportunities To Improve Federal Covid Response And Recovery Efforts, Devyn Jeffereis

Documents

No abstract provided.


Second Report Of The Congressional Oversight Commission On The Use Of Cares Act Funds, Steven Kelly, Rosalind Z. Wiggins, Pascal Ungersboeck Jul 2020

Second Report Of The Congressional Oversight Commission On The Use Of Cares Act Funds, Steven Kelly, Rosalind Z. Wiggins, Pascal Ungersboeck

Documents

No abstract provided.


Paycheck Protection Program Highlights Numerous Oversight Concerns Even As The Sba Makes First Disclosures, Corey Runkel, Rosalind Z. Wiggins Jul 2020

Paycheck Protection Program Highlights Numerous Oversight Concerns Even As The Sba Makes First Disclosures, Corey Runkel, Rosalind Z. Wiggins

Documents

No abstract provided.


Fed, Treasury Disagreements Slowed Start Of Main Street Lending Program, Nick Timiraos, Kate Davidson Jul 2020

Fed, Treasury Disagreements Slowed Start Of Main Street Lending Program, Nick Timiraos, Kate Davidson

Documents

No abstract provided.


About South Asian Association For Regional Cooperation (Saarc), Saarc Secretariat (Saarc) Jul 2020

About South Asian Association For Regional Cooperation (Saarc), Saarc Secretariat (Saarc)

Documents

No abstract provided.


Consider Palliative Care: A Decision Aid To Improve Palliative Care Knowledge, Meg Schultheiss Jul 2020

Consider Palliative Care: A Decision Aid To Improve Palliative Care Knowledge, Meg Schultheiss

Yale School of Medicine Physician Associate Program Theses

Palliative care enhances a patient’s quality of life by managing symptoms and psychosocial needs and facilitating advanced care planning. Engagement with palliative care improves satisfaction with care in patients and the informal caregivers identified by patients. However, palliative care is underutilized because many patients and their informal caregivers have limited knowledge about palliative care. Decision aids effectively educate patients and informal caregivers in a variety of clinical settings. We propose a randomized clinical trial that will test the effectiveness of a decision aid for informal caregivers considering palliative care. Specifically, we will match informal caregivers to a decision aid and …


Measuring Movement And Social Contact With Smartphone Data: A Real-Time Application To Covid-19, Victor Couture, Jonathan L. Dingel, Allison Green, Jessie Handbury, Kevin R. Williams Jul 2020

Measuring Movement And Social Contact With Smartphone Data: A Real-Time Application To Covid-19, Victor Couture, Jonathan L. Dingel, Allison Green, Jessie Handbury, Kevin R. Williams

Cowles Foundation Discussion Papers

Tracking human activity in real time and at fine spatial scale is particularly valuable during episodes such as the COVID-19 pandemic. In this paper, we discuss the suitability of smartphone data for quantifying movement and social contact. We show that these data cover broad sections of the US population and exhibit movement patterns similar to conventional survey data. We develop and make publicly available a location exposure index that summarizes county-to-county movements and a device exposure index that quantifies social contact within venues. We use these indices to document how pandemic-induced reductions in activity vary across people and places.


Yes Bank Fpo Issue: Floor Price Fixed At Inr 12 Per Share, Mint Staff Jul 2020

Yes Bank Fpo Issue: Floor Price Fixed At Inr 12 Per Share, Mint Staff

Documents

No abstract provided.


Yes Bank Fpo Issue: Floor Price Fixed At Inr 12 Per Share, Mint Staff Jul 2020

Yes Bank Fpo Issue: Floor Price Fixed At Inr 12 Per Share, Mint Staff

Documents

No abstract provided.


Review Of Feminist Histories And Digital Media, Biz Gallo Jul 2020

Review Of Feminist Histories And Digital Media, Biz Gallo

Journal of Contemporary Archival Studies

The edited volume, Feminist Histories and Digital Media, sets out to explore the ways in which the field has grown and changed since the advent of the first reminist archival research projects 20 years ago. Intended as a signpost by the editors for future research in the field, the volume succeeds in informing, inspiring, and inciting researchers to move forward with using digital archives in feminist scholarship.


Periodic Report: Update On Outstanding Lending Facilities Authorized By The Board Under Section 13(3) Of The Federal Reserve Act - July 9, 2020, Federal Reserve System: Board Of Governors Jul 2020

Periodic Report: Update On Outstanding Lending Facilities Authorized By The Board Under Section 13(3) Of The Federal Reserve Act - July 9, 2020, Federal Reserve System: Board Of Governors

Documents

No abstract provided.


Fhfa Extends Covid-Related Loan Processing Flexibilities For Fannie Mae And Freddie Mac Customers Through August, United States: Federal Housing Finance Agency (Fhfa) Jul 2020

Fhfa Extends Covid-Related Loan Processing Flexibilities For Fannie Mae And Freddie Mac Customers Through August, United States: Federal Housing Finance Agency (Fhfa)

Documents

No abstract provided.


Actions To Mitigate The Impact Of Covid-19 On The Eu Financial Markets – External Support Within The Meaning Of Article 35 Of The Mmf Regulation, European Securities And Markets Authority Jul 2020

Actions To Mitigate The Impact Of Covid-19 On The Eu Financial Markets – External Support Within The Meaning Of Article 35 Of The Mmf Regulation, European Securities And Markets Authority

Documents

No abstract provided.


Questions And Answers On The Policy Tool Operated By The Bank Of Israel In The Monetary Policy Decision Of 6 July, Bank Of Israel Jul 2020

Questions And Answers On The Policy Tool Operated By The Bank Of Israel In The Monetary Policy Decision Of 6 July, Bank Of Israel

Documents

No abstract provided.


Use Of Federal Reserve Programs As Of July 9, Pascal Ungersboeck Jul 2020

Use Of Federal Reserve Programs As Of July 9, Pascal Ungersboeck

Documents

No abstract provided.


Rbi To Provide Liquidity To Non-Bank Financial Firms, Junko Oguri Jul 2020

Rbi To Provide Liquidity To Non-Bank Financial Firms, Junko Oguri

Documents

No abstract provided.