News in Systemic Risk: Thursday, December 14, 2017 (10 a.m. ET)
The Macroeconomic Effects of Asset Purchases Revisited (Henning Hesse, Boris Hofmann, James Weber; BIS)
Bank Business Models: Popularity and Performance (Rungporn Roengpitya, Nikola Tarashev, Kostas Tsatsaronis, Alan Villegas; BIS)
Corporate Leverage in EMEs: Did the Global Financial Crisis Change the Determinants? (Snehal S Herwadkar; BIS)
Federal Reserve Issues FOMC Statement (Federal Reserve)
Transcript of Chair Yellen’s Press Conference Opening Remarks (Federal Reserve)
Prudential Treatment of Problem Assets – Executive Summary (BIS)
IFRS 9 and Expected Loss Provisioning – Executive Summary (BIS)
Federal Reserve Board and Federal Open Market Committee Release Economic Projections from the December 12-13 FOMC Meeting (Federal Reserve)
December 2017 Eurosystem Staff Macroeconomic Projections for the Euro Area (ECB)
Propping Up the Chinese Economy: Credit versus Fiscal Stimulus (Sophia Chen, Lev Ratnovski; IMF Blog)
Single Resolution Board and Federal Deposit Insurance Corporation Sign Cooperation Agreement (FDIC)
Changes to Collateral Eligibility Criteria for Unsecured Bank Bonds (ECB)
Yellen: No Big Differences Between Her, Powell on Bank Rules (WSJ)
Yellen Pans Bitcoin Boom, Shows Scant Worry Over Surging Stocks (Bloomberg)
Is Bitcoin a Bubble? 96% of Economists Say ‘Yes’ (WSJ)
Battle for Banking Union Hangs Over the Eurozone (FT)
Europe’s Central Banks Still Cautious on Recovery (WSJ)