Bank of New York Careers
Little is known about how cross-border operations of global banks transmit liquidity shocks between countries. There is a lack of public data on the balance sheets of global banks, and it is difficult to compare the results of different research projects that use sensitive supervisory data collected by banking supervisors and central banks. Together with other scholars, the bloggers have established the International Banking Research Network (IBRN) to overcome these limitations.
By Claudia M. Buch, James Chapman, and Linda Goldberg
Garbade reviews the history of the Federal Reserve’s direct purchase authority from its origination under the Federal Reserve Act of 1913 to the present. Since 1981, the U.S. Treasury has lacked a robust safety net that would allow it to meet its obligations in the event of an unforeseen depletion of its cash balances.
By Kenneth D. Garbade
This New York Fed-hosted microsite describes an initiative of central bank researchers who are engaged in a coordinated study of global banks and their activities internationally.
Interactive maps and charts shed light on the unprecedented growth, market share, student loans, tuition pricing, federal grants, and more for for-profit higher education institutions.
The authors reassess the predictability of U.S. recessions at horizons from three months to two years ahead for a large number of previously proposed leading indicator variables.
The authors provide a review of the transmission channels of monetary policy, focusing not just on financial conditions, but also on financial stability consequences by way of financial vulnerabilities.