- ECB Publishes Book on the Payment System
- This Is From The Wall Street Journal
- Momentum in Stock Market Returns: Implications for Risk Premia on Foreign Currencies
- Links
- DTCC Posts 6-Month Market Activity Snapshot on CDS Market
- Default in Today’s Advanced Economies: Unnecessary, Undesirable, and Unlikely
- The Impact of Banks’ Cumulative Reserve Position on Federal Funds Rate Behavior
- A Wolf in Sheep’s Clothing
- TBA Trading and Liquidity in the Agency MBS Market
- Impact of High and Growing Government Debt on Economic Growth
- Financial Amplification of Foreign Exchange Risk Premia
- The Central-Bank Balance Sheet as an Instrument of Monetary Policy
- Exorbitant Privilege and Exorbitant Duty
- The Information Value of the Stress Test and Bank Opacity
- Price of Risk—Recent Evidence from Large Financials
- Shadow Banking
- Summer Doldrums
- Credit Default Swaps: What Are the Social Benefits and Costs?
- The International Role of the Euro
- Chronicle of Currency Collapses: Re-Examining the Effects on Output
- The Paradox of Toil
- Links
- What the Fed Did and Why
- Markets and Government Before, During and After the 2007-20xx Crisis
- Detecting and Interpreting Financial Stress in the Euro Area
- Are We Building the Foundations for the Next Crisis Already? The Case of Central Clearing
- Links
- Links
- OIS Discounting
- Multimarket Trading and the Cost of Debt: Evidence from Global Bonds
- Is Economics Coursework, or Majoring in Economics, Associated with Different Civic Behaviors?
- China’s High Saving Rate: Myth and Reality
- Oil Spill
- Eurozone €440 Bln SPV Aid Fund
- ECB Financial Accounts and ECB Financial Strength
- Central Bank Swap Networks
- DTCC Posts CDS Market Activity Snapshot
- ECB: Financial Stability Review (June 2010)
- Global CDO Issuance by Transaction Structure
- Links
- TBAC Minutes: Sovereign CDS and Swap Spreads
- Goldman Sachs Underwriting Market Shares in Subprime RMBS and CDOs
- Abacus for Dummies
- The World’s Safest and Riskiest Sovereign Debt (Update)
- Increased Sovereign Risk Behind Negative Swap Spreads
- Haircuts
- Markets, Religion, Community Size, and the Evolution of Fairness and Punishment
- Beyond the Dollar: Rethinking the International Monetary System
- Links
- Amazing Discovery
- ABCP Outstanding: Still Crashing
- Greek Government Bond Market
- Links
- Sterling Today
- Sovereign Risk Jolts Markets
- Monthly Trading Volumes in Greek Government Bonds
- Eurostat Statement on Greece’s Use of Derivatives
- The Bank Lending Channel Revisited
- The Future of Public Debt
- Systemic Risk: How To Deal With It?
- Links
- Papers => FRBNY
- Links
- Scariest Chart EVER: Loss Severity, Subprime First-Lien
- Google CDS => AAA
- Empty Creditor Claim
- Links
- Quotes of the Day
- Fed’s MBS Program
- Variability in Nucleus Accumbens Activity Mediates Age-Related Suboptimal Financial Risk Taking
- Links
- Links
- Worth Reading
- Links
- Scorecard: Gross National Savings (% of GDP)
- Withdrawal and Expulsion from the EU and EMU: Some Reflections
- Review of the Differentiated Nature and Scope of Financial Regulation
- Link of the Day
- Summary of a Workshop on Recent Advances in Modelling Systemic Risk Using Network Analysis
- Link
- Links
- The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market
- [Update] Why Are Banks Holding So Many Excess Reserves?
- Basel Committee: Consultative Proposals to Strengthen the Resilience of the Banking Sector
- The World’s Riskiest Sovereign Debt (Update)
- The World’s Safest Sovereign Debt (Update)
- Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk
- Sovereign and Bank Credit Risk Premia during 2008-09
- Macro Stress Tests and Crises: What Can We Learn?
- Dollar Appreciation in 2008: Safe Haven, Carry Trades, Dollar Shortage and Overhedging
- Interbank Offered Rate: Effects of the Financial Crisis on the Information Content of the Fixing
- Capital One TARP Warrants Net $146.5 Million
- Links
- The Fed’s Expanded Balance Sheet
- Links
- AIG Regulatory Capital CDS Transactions
- Links
- Links
- Bundesbank: Financial Stability Review 2009
- A Note on Trader Sharpe Ratios
Monthly Archives: January 2010
Links
Insurance Market Aims to Build ‘Longevity Swaps’ TARP Inspector Says Rescue to Cost Taxpayers Less Than Expected SIGTARP Quarterly Report to Congress White House projects record deficit this year The Ring of Fire Zhu Min, a man worth listening to … Continue reading
Quotes of the Day
‘There’s a growing recognition the dispersion of credit risk by banks to a broader and more diverse group of investors … has helped make the banking system more resilient”. So said the International Monetary Fund’s Global Stability Report in 2006. … Continue reading
Fed’s MBS Program
Q. What happens to the proceeds from maturing securities and prepayments ? A. The Manager of the System Open Market Account has said that the System’s holdings of securities will tend to decline gradually after the completion of the asset … Continue reading
Variability in Nucleus Accumbens Activity Mediates Age-Related Suboptimal Financial Risk Taking
Paper by Gregory R. Samanez-Larkin, Camelia M. Kuhnen, Daniel J. Yoo, and Brian Knutson As human life expectancy continues to rise, financial decisions of aging investors may have an increasing impact on the global economy. In this study, we examined … Continue reading
Links
Banks pull out of PRDC market Greek 5-year CDS hits record high at 395 bps – CMA Germany FinMin: Rumors Of Greece Bailout ‘Absolutely Wrong’ ECB and other central banks decide to discontinue the temporary swap lines with the Federal … Continue reading
Links
How to trade: slow food of trading Are bank prop desks about to be dumped on*? ECB promotes research on emerging front: “Too networked to fail” Book Review: Reminiscences of a Stock Operator (Annotated Edition) Universal statistical properties of poker … Continue reading
Worth Reading
Looking Out, Locking In: Financial Models and the Social Dynamics of Arbitrage Disasters by Daniel Beunza, and David Stark // Continue reading
Links
Policy Perspectives on OTC Derivatives Market Infrastructure GSE losses could stand at $448bn, Amherst says Fed’s Dudley Says Rates May Stay Low for as Long as Two Years Pin the Tail on Blankfein Is a Game Nobody Wins Obama’s Bank … Continue reading
Scorecard: Gross National Savings (% of GDP)
Why the U.S. is T.O.A.S.T. Source: Economy Watch, I.M.F. // Continue reading
Withdrawal and Expulsion from the EU and EMU: Some Reflections
ECB paper by Phoebus Athanassiou (Legal Counsel, European Central Bank) ……….Article 50 of the Lisbon Treaty explicitly makes provision for the voluntary secession of a Member State from the EU. Specifically, the exit clause provides that a Member State wishing … Continue reading