Yale School of Management

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News in Systemic Risk: Monday, September 14, 2020 (10 a.m. ET)

September 14, 2020
The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF (Simon Gilchrist, Bin Wei, Vivian Z. Yue,  Egon Zakrajšek; National Bureau of Economic Research) Liquidity Transformation and Fragility in the US Banking Sector (Qi Chen, Itay Goldstein, Zeqiong Huang, Rahul Vashishtha; National Bureau of Economic Research) RBI Bulletin - September 2020 (Reserve Bank of India) Issues arising from the new ‘Powell doctrine’ (Ignazio Angeloni; VoxEu) Riksbank Begins Its Most Controversial Leg of QE Program (Love Liman, Charles Daly; Bloomberg) Esma research confirms ‘closet trackers’ offer bad value (Emma Boyde; Financial Times) Continue reading “News in Systemic Risk: Monday, September 14, 2020 (10 a.m. ET)”

News in Systemic Risk: Friday, September 11, 2020 (10 a.m. ET)

September 11, 2020
Hutchins Roundup: Consumer spending, pollution, and more (Sophia Campbell, Lorena Hernandez Barcena, David Wessel; Brookings Institution ) The outlook for the euro area (Philip R. Lane; European Central Bank ) The great lockdown: pandemic response policies and bank lending conditions (Carlo Altavilla, Francesca Barbiero, Miguel Boucinha, Lorenzo Burlon; European Central Bank) FCA publishes Annual Report and Accounts 2019/20 (Financial Conduct Authority) Why are European banks merging? (The Economist) Continue reading “News in Systemic Risk: Friday, September 11, 2020 (10 a.m. ET)”

News in Systemic Risk: Thursday, September 10, 2020 (10 a.m. ET)

September 10, 2020
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing (Bank of Canada) Effective Demand Failures and the Limits of Monetary Stabilization Policy (Michael Woodford; National Bureau of Economic Research) ECB Leaves Policy Mix Unchanged as It Monitors Covid-19’s Impact on Economy (Tom Fairless; Wall Street Journal) Central Bank of Brazil launches climate change agenda (Central Banking) Continue reading “News in Systemic Risk: Thursday, September 10, 2020 (10 a.m. ET)”

The RBI expands its regulatory reach: Reforms to watch

September 10, 2020
India’s urban cooperative banks (UCBs), which have total assets of more than US$81.5 billion as of March 2019, will now be able to issue equity and will be subjected to additional supervision by the Reserve Bank of India (RBI) under a new regulatory regime that the government introduced in June.  Continue reading “The RBI expands its regulatory reach: Reforms to watch”

TBC Alumni Interview: Hartford Schools Superintendent Leslie Torres-Rodriguez

September 10, 2020
This week, students in the Hartford Public Schools, one of the largest districts in Connecticut, returned to the classroom for the first time since March. We talked to Superintendent Leslie Torres-Rodriguez,  a 2018–19 fellow of The Broad Academy, about the challenges she has faced and the possibility of lasting change. Continue reading “TBC Alumni Interview: Hartford Schools Superintendent Leslie Torres-Rodriguez”

News in Systemic Risk: Wednesday, September 9, 2020 (10 a.m. ET)

September 9, 2020
Does communication influence executives’ opinion of central bank policy? (In Do Hwang, Thomas Lustenberger, Enzo Rossi; Swiss National Bank) Connected Funds (Daniel Fricke, Hannes Wilke; Deutche Bundesbank) Winners and Losers from Sovereign Debt Inflows (Fernando Broner, Alberto Martin, Lorenzo Pandolfi, Tomas Williams; National Bureau of Economic Research) Bank investors still don’t think bail-in will happen, FSB told (Philip Alexander; Central Banking) CFTC report: Climate change poses serious risk to financial system (Zack Colman; Politico) Continue reading “News in Systemic Risk: Wednesday, September 9, 2020 (10 a.m. ET)”

News in Systemic Risk: Monday, September 14, 2020 (10 a.m. ET)

September 14, 2020
The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF (Simon Gilchrist, Bin Wei, Vivian Z. Yue,  Egon Zakrajšek; National Bureau of Economic Research) Liquidity Transformation and Fragility in the US Banking Sector (Qi Chen, Itay Goldstein, Zeqiong Huang, Rahul Vashishtha; National Bureau of Economic Research) RBI Bulletin - September 2020 (Reserve Bank of India) Issues arising from the new ‘Powell doctrine’ (Ignazio Angeloni; VoxEu) Riksbank Begins Its Most Controversial Leg of QE Program (Love Liman, Charles Daly; Bloomberg) Esma research confirms ‘closet trackers’ offer bad value (Emma Boyde; Financial Times) Continue reading “News in Systemic Risk: Monday, September 14, 2020 (10 a.m. ET)”

News in Systemic Risk: Friday, September 11, 2020 (10 a.m. ET)

September 11, 2020
Hutchins Roundup: Consumer spending, pollution, and more (Sophia Campbell, Lorena Hernandez Barcena, David Wessel; Brookings Institution ) The outlook for the euro area (Philip R. Lane; European Central Bank ) The great lockdown: pandemic response policies and bank lending conditions (Carlo Altavilla, Francesca Barbiero, Miguel Boucinha, Lorenzo Burlon; European Central Bank) FCA publishes Annual Report and Accounts 2019/20 (Financial Conduct Authority) Why are European banks merging? (The Economist) Continue reading “News in Systemic Risk: Friday, September 11, 2020 (10 a.m. ET)”

News in Systemic Risk: Thursday, September 10, 2020 (10 a.m. ET)

September 10, 2020
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing (Bank of Canada) Effective Demand Failures and the Limits of Monetary Stabilization Policy (Michael Woodford; National Bureau of Economic Research) ECB Leaves Policy Mix Unchanged as It Monitors Covid-19’s Impact on Economy (Tom Fairless; Wall Street Journal) Central Bank of Brazil launches climate change agenda (Central Banking) Continue reading “News in Systemic Risk: Thursday, September 10, 2020 (10 a.m. ET)”

The RBI expands its regulatory reach: Reforms to watch

September 10, 2020
India’s urban cooperative banks (UCBs), which have total assets of more than US$81.5 billion as of March 2019, will now be able to issue equity and will be subjected to additional supervision by the Reserve Bank of India (RBI) under a new regulatory regime that the government introduced in June.  Continue reading “The RBI expands its regulatory reach: Reforms to watch”

TBC Alumni Interview: Hartford Schools Superintendent Leslie Torres-Rodriguez

September 10, 2020
This week, students in the Hartford Public Schools, one of the largest districts in Connecticut, returned to the classroom for the first time since March. We talked to Superintendent Leslie Torres-Rodriguez,  a 2018–19 fellow of The Broad Academy, about the challenges she has faced and the possibility of lasting change. Continue reading “TBC Alumni Interview: Hartford Schools Superintendent Leslie Torres-Rodriguez”

News in Systemic Risk: Wednesday, September 9, 2020 (10 a.m. ET)

September 9, 2020
Does communication influence executives’ opinion of central bank policy? (In Do Hwang, Thomas Lustenberger, Enzo Rossi; Swiss National Bank) Connected Funds (Daniel Fricke, Hannes Wilke; Deutche Bundesbank) Winners and Losers from Sovereign Debt Inflows (Fernando Broner, Alberto Martin, Lorenzo Pandolfi, Tomas Williams; National Bureau of Economic Research) Bank investors still don’t think bail-in will happen, FSB told (Philip Alexander; Central Banking) CFTC report: Climate change poses serious risk to financial system (Zack Colman; Politico) Continue reading “News in Systemic Risk: Wednesday, September 9, 2020 (10 a.m. ET)”