Stephan Luck News Today

<p><span>I would like to thank the Bank of Japan and Governor Ueda for organizing this years conference and for the invitation to participate in this afternoons panel.</span><a href="https://www.federalreserve.gov/newsevents/speech/bowman20240528a.htm#fn1" title="footnote 1"><span>1</span></a><a name="f1"></a><span> The topic of "the effects of conventional and unconventional policy instrument...

The lag between the interest rate that banks offer customers on $18 trillion in deposits and the Federal Reserve's benchmark is at its biggest in 30 years.

The dataset, developed by Federal Reserve researchers, will give historians and students a far easier way to examine banks' performance between 1867 and 1904. The period was one of significant instability, which ultimately prompted the creation of the Fed.

<h3>The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector</h3>
<p>European Central Bank Working Paper Series<br />By Audrius Jukonis, Elisa Letizia and Linda Rousová</p>

<p><span>I want to thank all of you for joining our research conference and the organizing committee for inviting me to share some thoughts on climate scenario analysis.</span></p>

The corporate “dash for cash” and banks’ pullback from risk-taking Image In spring 2020, stay-at-home policies aimed at containing the spread of the coronavirus led to a sharp decline in the revenues of nonfinancial firms. To shore up cash positions and ride out the crisis, firms approached their banks and drew down on pre-committed lines of credit. As a result, between early March and the end of April, the banking system was hit by a tidal wave of credit line drawdowns (figure 1), estima...

An annual tradition at Liberty Street Economics is to present our most‑read posts of the year. Given the events of 2020, New York Fed economists and guest coauthors focused their analysis on the effects of the coronavirus pandemic, writing some seventy articles since March on the subject. Our leading posts, in terms of traffic, all touch on the theme in some way. Consider this space a hub for COVID-19 coverage for some time to come, and take a look back at the top five posts grabbing attenti...