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Showing total 11 results
11 results

1. Working Papers Series Abstracts.

Subjects
*ECONOMICS, *REGIONAL economics, *BANKING industry, *FINANCIAL markets, *ASSETS (Accounting)
Abstract

Presents abstract of several articles on the world economy. "Does Regional Economic Performance Affect Bank Conditions? New Analysis of an Old Question," by Mary C. Daly, John Kraner and Jose A. Lopez; "Using Securities Market Information for Bank Supervisory Monitoring," by John Krainer and Jose A. Lopez; "Lock-in of Extrapolative Expectations in an Asset Pricing Model," by Kevin J. Lansing.

Published
2005

2. Working Papers Series Abstracts.

Subjects
*ECONOMICS, *BANKING industry, *MONETARY policy, *HEALTH insurance
Abstract

Presents several abstracts on economic research. 'The Potential Diversification and Failure Reduction Benefits of Bank Expansion Into Nonbanking Activities,' by Elizabeth S. Laderman; 'Assessing Nominal Income Rules for Monetary Policy with Model and Data Uncertainty,' by Glenn D. Rudebusch; 'Union Effects on Health Insurance Provision and Coverage in the United States,' by Thomas C. Buchmueller, John DiNardo and Robert G. Valletta.

Published
2001

3. Working Papers Series Abstracts.

Subjects
*ECONOMICS, *MONETARY unions, *MONETARY policy, *BANKING industry
Abstract

Presents several abstracts of articles on economics. 'Optical Indicators of Socioeconomic Status for Health Research,' by Mary C. Daly, Greg J. Duncan, Peggy McDonough and David Williams; 'The Ins and Outs of Joining a Monetary Union,' by Mark M. Spiegel; 'Is the Fed Too Timid? Monetary Policy in an Uncertain World,' by Glenn D. Rudesbusch; 'The Role of Relative Performance in Bank Closure Decisions,' by Kenneth Kasa and Mark M. Spiegel.

Published
2000

4. Reserve Requirements, Bank Runs, and Optimal Policies in Small Open Economies.

Author

Ganapolsky, Eduardo J. J.

Subjects
*BANKING industry, *RISK premiums, *LIQUIDITY (Economics), *ECONOMICS, *RESERVE requirements, *BANK reserves
Abstract

This paper rationalizes as the outcome of an optimal policy decision the pattern of reserve requirements and other macroeconomic variables in the aftermath of a bank run. The paper develops a general equilibrium model that departs from the standard small open economy (SOE) model in three dimensions: (i) capital mobility is not perfect, (ii) there exists a costly banking system, and (iii) there is an externality affecting individual banks' decisions. The results suggest that the path of reserve requirements would depend on the type of shock that the economy receives and the effect that this shock produces on the interest rate. Interestingly, the size of the risk premium will affect the reaction of the economy to the shock. It is also shown that the dynamic adjustment will be slightly different for permanent and temporary shocks, and it will also depend on the access that the economy has to foreign funds. [ABSTRACT FROM AUTHOR]

Published
2003

5. Center for Pacific Basin Studies Working Papers Abstracts.

Subjects
*ECONOMICS, *RESEARCH, *FOREIGN exchange market, *MACROECONOMICS, *DISCLOSURE, *BANKING industry
Abstract

Presents abstracts of research on economics. "Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan," by Rasmus Fatum and Michael Hutchison; "Macroeconomic Effects of IMF-Sponsored Programs in Latin America: Output Costs, Program Recidivism, and the Vicious Cycle of Failed Stabilization," by Michael Hutchison and Ilan Noy; "Determinants of Voluntary Bank Disclosure: Evidence From Japanese Shinkin Banks," by Mark Spiegel and Nobuyoshi Yamori.

Published
2004

6. Center for Pacific Basin Studies Working Papers Abstracts.

Subjects
*ECONOMICS, *MACROECONOMICS, *BANKING industry
Abstract

Presents several abstracts on economic research in Asia. 'The Evolution of "Too-Big-To-Fail" Policy in Japan: Evidence from Market Equity Values,' by Mark M. Spiegel and Nobuyoshi Yamori; 'Pegging and Macroeconomic Performance in East Asia,' by Ramon Moreno; 'Financial Turbulence and the Japanese Main Bank Relationship,' by Mark M. Spiegel and Nobuyoshi Yamori.

Published
2001

7. Center for Pacific Basin Studies Working Papers Abstracts.

Subjects
*ECONOMICS, *BANKING industry
Abstract

Presents several abstracts of articles on economics. 'Are All Banking Crises Alike? The Japanese Experience in International Comparison,' by Michael Hutchison and Kathleen McDill; 'Sterilization Costs and Exchange Rate Targeting,' by Kenneth Kletzer and Mark Spiegel; Is It True that Insurers Benefit from a Catastrophic Event? Market Reactions to the 1995 Hanshin-Awaji Earthquake,' by Nobuyoshi Yamori and Takeshi Kobayashi.

Published
2000

8. Understanding the New Keynesian Model When Monetary Policy Switches Regimes.

Author

Farmer, Roger E. A., Waggoner, Daniel F., and Tao Zha

Subjects
*KEYNESIAN economics, *MONETARY policy, *PRICE inflation, *ECONOMIC policy, *CENTRAL banking industry, *INTEREST rates, *BANKING industry, *ECONOMICS
Abstract

This paper studies a New Keynesian model in which monetary policy may switch between regimes. We derive sufficient conditions for indeterminacy that are easy to implement and we show that the necessary and sufficient condition for determinacy, provided by Davig and Leeper, is necessary but not sufficient. More importantly, we use a two-regime model to show that indeterminacy in a passive regime may spill over to an active regime no matter how active the latter regime is. As a result, a passive monetary policy is more damaging than has been previously thought. Our results imply that the propagation of shocks in an active regime, such as that of the Federal Reserve in the post-1982 period, may be substantially affected by the possibility of a return to a passive regime of the kind that was followed in the 1960s and 1970s. [ABSTRACT FROM AUTHOR]

Published
2007

9. Introduction to "Models of Monetary Economies II: The Next Generation.".

Author

Wright, Randall

Subjects
*MONETARY theory, *MONETARY policy, *BANKING industry, *ECONOMIC policy, *ECONOMICS
Abstract

This article is a summary of the papers presented at the Models of Monetary Economies II conference, hosted in May 2004 by the Federal Reserve Bank of Minneapolis and the University of Minnesota. It focuses on several themes in the papers, including the microfoundations of monetary theory, optimal monetary policy, and the role of banking, and also overviews how the contributions fit together. Finally, the article comments on monetary theory in general--how it has evolved and where it may be headed. [ABSTRACT FROM AUTHOR]

Published
2005
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10. Payment Intermediation and the Origins of Banking.

Author

McAndrews, James and Roberds, William

Subjects
*BANKING industry, *MIDDLE Ages, *ECONOMICS
Abstract

Examines the role played by banks as payment intermediary between buyer and seller using the medieval banks of continental Europe as models. Use of the process in an environment of intermediate good exchange with incomplete contract enforcement; Capability of early banks to access the `netting credit' existing by virtue of there being a high proportion of offsetting transactions in an economy.

Published
1999

11. Interest Rates and Monetary Policy: Conference Summary.

Author

Dennis, Richard and Tao Wu

Subjects
*INTEREST rates, *MONETARY policy, *ECONOMIC policy, *MACROECONOMICS, *KEYNESIAN economics, *BANKING industry, *ECONOMICS
Abstract

Presents a summary of six papers presented at a conference on "Interest Rates and Monetary Policy" held at the Federal Reserve Bank of San Francisco on March 19 and 20, 2004. Term of the structure of interest rates and how it interacts with macroeconomic fundamentals; Model estimation on high-volatility regime that tends to be associated with economic downturns; Use of the dynamic New Keynesian model for constructing and evaluating monetary policy rules.

Published
2004