Search Results

Showing results 1 to 10 of approximately 81.

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Report
Robust capital regulation
Schuermann, Til; Mehran, Hamid; Acharya, Viral V.; Thakor, Anjan V. (2011)
Banks? leverage choices represent a delicate balancing act. Credit discipline argues for more leverage, while balance-sheet opacity and ease of asset substitution argue for less. Meanwhile, regulatory safety nets promote ex post financial stability, but also create perverse incentives for banks to engage in correlated asset choices and to hold little equity capital. As a way to cope with these distorted incentives, we outline a two-tier capital framework for banks. The first tier is a regular core capital requirement that helps deter excessive risk-taking incentives. The second tier, a novel ...
Staff Reports , Paper 490

Working Paper
The Shift from Active to Passive Investing : Potential Risks to Financial Stability?
Osambela, Emilio; Kruttli, Mathias S.; Anadu, Kenechukwu E.; McCabe, Patrick E. (2020-06-29)
The past couple of decades have seen a significant shift in assets from active to passive investment strategies. We examine the potential effects of this shift for financial stability through four different channels: (1) effects on investment funds’ liquidity transformation and redemption risks; (2) passive strategies that amplify market volatility; (3) increases in asset-management industry concentration; and (4) the effects on valuations, volatility, and comovement of assets that are included in indexes. Overall, the shift from active to passive investment strategies appears to be ...
Finance and Economics Discussion Series , Paper 2018-060r1

Speech
Industrial organization and systemic risk: an agenda for further research : a speech at the Conference on the Regulation of Systemic Risk, Federal Reserve Board, Washington, D.C., Sept. 15, 2011
Tarullo, Daniel K. (2011)
Speech , Paper 582

Speech
Financial reform to address systemic risk: a speech at the Council on Foreign Relations, Washington, D.C., March 10, 2009
Bernanke, Ben S. (2009)
Speech , Paper 448

Speech
Lessons for the future from the financial crisis.
Rosengren, Eric S. (2009)
Presentation by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Massachusetts Newspaper Publishers Association Annual Meeting, Boston, Massachusetts, December 3, 2009
Speech , Paper 30

Speech
Can we ensure that global banks do not create global problems?
Rosengren, Eric S. (2009)
Presentation by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the European Economics and Financial Centre Distinguished Speakers Seminar, London, England, November 10, 2009
Speech , Paper 29

Working Paper
Backtesting Systemic Risk Measures During Historical Bank Runs
Brownlees, Christian; Chabot, Benjamin; Ghysels, Eric; Kurz, Christopher J. (2015-07-02)
The measurement of systemic risk is at the forefront of economists and policymakers concerns in the wake of the 2008 financial crisis. What exactly are we measuring and do any of the proposed measures perform well outside the context of the recent financial crisis? One way to address these questions is to take backtesting seriously and evaluate how useful the recently proposed measures are when applied to historical crises. Ideally, one would like to look at the pre-FDIC era for a broad enough sample of financial panics to confidently assess the robustness of systemic risk measures but ...
Working Paper Series , Paper WP-2015-9

Journal Article
The credit crisis and cycle-proof regulation
Rajan, Raghuram G. (2009-09)
This article was originally presented as the Homer Jones Memorial Lecture, organized by the Federal Reserve Bank of St. Louis, St. Louis, Missouri, April 15, 2009.
Review , Volume 91 , Issue Sep , Pages 397-402

Working Paper
On the network topology of variance decompositions: Measuring the connectedness of financial firms
Yilmaz, Kamil; Diebold, Francis X. (2011)
The authors propose several connectedness measures built from pieces of variance decompositions, and they argue that they provide natural and insightful measures of connectedness among financial asset returns and volatilities. The authors also show that variance decompositions define weighted, directed networks, so that their connectedness measures are intimately-related to key measures of connectedness used in the network literature. Building on these insights, the authors track both average and daily time-varying connectedness of major U.S. financial institutions' stock return volatilities ...
Working Papers , Paper 11-45

Speech
A new era of bank supervision
Dahlgren, Sarah J. (2011)
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Speech , Paper 65

show more (27)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords