Tài liệu Federal Reserve Bank of New York Staff Reports - Why Are Banks Holding So Many Excess Reserves? doc

... International Finance Vol. 3 (2), 22 9-6 0. Federal Reserve Bank of New York Staff Reports Why Are Banks Holding So Many Excess Reserves? Todd KeisterJames McAndrews Staff Report no. 380July 2009This ... the Federal Reserve System. Any errors or omissions are the responsibility of the authors. Why Are Banks Holding So Many Excess Reserves? Todd Keister and James McAndrews Federal Reserve Bank of ... on Reserves and Monetary Policy.” Federal Reserve Bank of New York Economic Policy Review 8, no. 1 (May): 1 3-2 9. Proceedings of a Conference Sponsored by the Federal Reserve Bank of New York, ...

... Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. Federal Reserve Bank of New York Staff Reports Staff Report No. 458July ... the same as those of bank sponsored SIVs and securities arbitrage conduits that had to be rescued by their sponsor banks. The GSE’s are off-balance sheet shadow banks of the federal government. ... position of the Federal Reserve Bank of New York or the Federal Reserve System. AbstractThe rapid growth of the market-based nancial system since the mid-1980s changed the nature of nancial...

... Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. Federal Reserve Bank of New York Staff Reports Staff Report No. 559April ... expressed in this paper are those of the authors and do not necessarily reect the position of the Federal Reserve Bank of New York or the Federal Reserve System.AbstractShadow banks conduct credit ... readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessar-ily reective of views at the Federal Reserve Bank of New...

... xavier.freixas@upf.edu). Martin: Federal Reserve Bank of New York (e-mail: antoine.martin@ny.frb.org). Skeie: Federal Reserve Bank of New York (e-mail: david.skeie@ny.frb.org). Part of this research was conducted ... paper are those of the authors and donot necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.shocks. Two types of liquidity shocks are considered: ... central banks should respond to liquidity27 Bank Liquidity, Interbank Markets, and Monetary Policy Xavier Freixas, Antoine Martin, and David Skeie Federal Reserve Bank of New York Staff Reports, ...

... paper are those of the author and are not necessarilyreflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of ... Rates?Gauti B. Eggertsson Federal Reserve Bank of New York Staff Reports, no. 402November 2009JEL classification: E52AbstractTax cuts can deepen a recession if the short-term nominal interest ... Tax Cut) -0 .0033 -0 .0049, -0 .0024) -0 .4048 (-0 .6748, -0 .1605)6 Why government spending can be expansionaryLet us now consider the effect of government spending. C onsider first the effect of increasingˆGSt.It...

...

... Investors of Share- holding in Vietnamese Commercial Banks. 19. Article 4.4 of Decree 69/2007/ND-CP on the Purchase by Foreign In-vestors of Shareholding in Vietnamese Commercial Banks. Notably, ... cases as of early 2011: HSBC’s purchase of 20% of Techcom- bank, Maybank’s purchase of 20% of ABBank, and Societe Generale’s investment in SeaBank. (Source: Vietnam Investment Review. Banks start ... Commercial Bank (Vietinbank) Partially Equitized Joint Stock Commercial Banks (JSCB) 37 banks, including: Asia Commercial Bank (ACB) Techcombank Sacombank Wholly Foreign-Owned Banks HSBC...

... billion increase in Treasury deposits with Federal Reserve banks (part of “Other”). Assets: Lending to nonbanks—TALF, CPFF, AMLF, and MMIFF; Short-term lending to financials—discount window, ... $4.8 billion. The TALF facility (part of lending to nonbank credit markets) declined by $0.4 billion. Source: Federal Reserve Board Source: Federal Reserve Board Financial Highlights September ... other Fed assets. Liabilities: Other—Reverse repos, Treasury cash holdings, and deposits with Federal Reserve Banks other than reserve balances and excluding the Supplementary Financing Program....

... with which the author has been or still is associated, the Federal Reserve Bank of Dallas or the Federal Reserve System. 20Giventhisoverhang of inventory,itisnothardtobelievethatadownturnwillproveinevitable.Since ... mostcharacterizedbythiskind of bank behavior.Moreover,theperceivedneedtosupporttheweakcouldalsoleadtohigherinterestchargesforthosestrongenoughtoaffordit.Finally,itmightalsoimplytightercreditconditionsforpotential new clientswith new ideasastohowtoadaptdomesticsupplytochangingpatterns of demandandforeigncompetition82.Sinceinnovationisnowseenasaprimarydriver of productivitygrowth(andthuspotential)83,financialconstraints of thissortwouldbeparticularlyworrisome.Andthiswouldbeevenmorethecaseincountries(InEuropeandJapan)where banks remainthedominantsource of finance.The Governor of ... the degree of imprudent lending of core Eurozone banks to the banks of peripheral countries. These loansreflectedthefallaciousbeliefthattherecouldbenobalance of paymentsproblemswithintheeuro...