Yale School of Management

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News in Systemic Risk: Wednesday, August 26, 2020 (10 a.m. ET)

August 26, 2020
How Does the Liquidity of New Treasury Securities Evolve? (Michael Fleming; Federal Reserve Bank of New York) Unswervingly Fight the Critical Battle of Preventing and Defusing Financial Risks (Guo Shuqing; The People's Bank of China) The Federal Reserve needs the power to buy corporate bonds (Robert McCauley; VoxEU) China Will Maintain ‘Normal’ Monetary Policy, PBOC Says (Wall Street Journal) Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy (Rich Miller; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, August 26, 2020 (10 a.m. ET)”

News in Systemic Risk: Tuesday, August 25, 2020 (10 a.m. ET)

August 25, 2020
Reserve Bank of India Annual Report 2019-20 (Reserve Bank of India) Capital controls in an integrated world: A review of recent developments, policies and the academic debate (Risto Herrala; Bank of Finland) Recent NY Fed Surveys Offer Hints Into Policy Review Choices (Michael S. Derby; Wall Street Journal) RBI Finally Comes to Market With Operation Twist to Cool Yields (Subhadip Sircar; Bloomberg) RBNZ investigating use of negative rates, official says (Central Banking) Continue reading “News in Systemic Risk: Tuesday, August 25, 2020 (10 a.m. ET)”

President Trump Takes Executive Action as Further Stimulus Bill Talks Stall

August 24, 2020
On August 8 President Donald Trump issued guidance aimed at providing additional economic relief to millions of Americans as the COVID-19 crisis continues. This relief - in the form of one executive order and three presidential memoranda - came after talks between Congressional Republicans and Democrats on a new relief bill broke down the day before.  Continue reading “President Trump Takes Executive Action as Further Stimulus Bill Talks Stall”

News in Systemic Risk: Monday, August 24, 2020 (10 a.m. ET)

August 24, 2020
Rise of the central bank digital currencies: drivers, approaches and technologies (Raphael Auer, Giulio Cornelli, Jon Frost ; Bank for International Settlements) Interbank Networks in the Shadows of the Federal Reserve Act (Haelim Anderson, Selman Erol, Guillermo Ordoñez; National Bureau of Economic Research) Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect (Ricardo J. Caballero, Alp Simsek; National Bureau of Economic Research) Market Function Purchases by the Federal Reserve (Kenneth D. Garbade, Frank M. Keane; Federal Reserve Bank of New York) Former Fed officials urge Senate to reject Shelton (Central Banking) Continue reading “News in Systemic Risk: Monday, August 24, 2020 (10 a.m. ET)”

Internship Spotlight Podcast: Diane Somlo ’21, Geisinger

By: Diane Somlo August 24, 2020
Diane Somlo ’21 is an MD/MBA candidate at Yale. She is spending her summer at Geisinger, a hospital and health center comprised of 13 hospital campuses, 3 research centers, a college of medicine, and a health plan serving more than three million residents in central, south-central, and northeast Pennsylvania. Somlo discusses the choice to pursue an MBA after starting her MD; her summer projects at Geisinger; and the ways in which the healthcare system is evolving. Continue reading “Internship Spotlight Podcast: Diane Somlo ’21, Geisinger”

News in Systemic Risk: Friday, August 21, 2020 (10 a.m. ET)

August 21, 2020
Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD) (European Central Bank) US dollar liquidity-providing operations from 1 September 2020 (Bank of England) Hutchins Roundup: Labor share, capital gains taxes, and more (Sophia Campbell, Lorena Hernandez Barcena, Louise Sheiner; Brookings Institution) After polarisation: Stable consensus on European mutual assistance is possible (Roel Beetsma, Brian Burgoon, Francesco Nicoli, Anniek de Ruijter, Frank Vandenbroucke; VoxEU) EU hands CCP members a narrow win on skin in the game (Samuel Wilkes; Central Banking) Continue reading “News in Systemic Risk: Friday, August 21, 2020 (10 a.m. ET)”

News in Systemic Risk: Wednesday, August 26, 2020 (10 a.m. ET)

August 26, 2020
How Does the Liquidity of New Treasury Securities Evolve? (Michael Fleming; Federal Reserve Bank of New York) Unswervingly Fight the Critical Battle of Preventing and Defusing Financial Risks (Guo Shuqing; The People's Bank of China) The Federal Reserve needs the power to buy corporate bonds (Robert McCauley; VoxEU) China Will Maintain ‘Normal’ Monetary Policy, PBOC Says (Wall Street Journal) Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy (Rich Miller; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, August 26, 2020 (10 a.m. ET)”

News in Systemic Risk: Tuesday, August 25, 2020 (10 a.m. ET)

August 25, 2020
Reserve Bank of India Annual Report 2019-20 (Reserve Bank of India) Capital controls in an integrated world: A review of recent developments, policies and the academic debate (Risto Herrala; Bank of Finland) Recent NY Fed Surveys Offer Hints Into Policy Review Choices (Michael S. Derby; Wall Street Journal) RBI Finally Comes to Market With Operation Twist to Cool Yields (Subhadip Sircar; Bloomberg) RBNZ investigating use of negative rates, official says (Central Banking) Continue reading “News in Systemic Risk: Tuesday, August 25, 2020 (10 a.m. ET)”

President Trump Takes Executive Action as Further Stimulus Bill Talks Stall

August 24, 2020
On August 8 President Donald Trump issued guidance aimed at providing additional economic relief to millions of Americans as the COVID-19 crisis continues. This relief - in the form of one executive order and three presidential memoranda - came after talks between Congressional Republicans and Democrats on a new relief bill broke down the day before.  Continue reading “President Trump Takes Executive Action as Further Stimulus Bill Talks Stall”

News in Systemic Risk: Monday, August 24, 2020 (10 a.m. ET)

August 24, 2020
Rise of the central bank digital currencies: drivers, approaches and technologies (Raphael Auer, Giulio Cornelli, Jon Frost ; Bank for International Settlements) Interbank Networks in the Shadows of the Federal Reserve Act (Haelim Anderson, Selman Erol, Guillermo Ordoñez; National Bureau of Economic Research) Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect (Ricardo J. Caballero, Alp Simsek; National Bureau of Economic Research) Market Function Purchases by the Federal Reserve (Kenneth D. Garbade, Frank M. Keane; Federal Reserve Bank of New York) Former Fed officials urge Senate to reject Shelton (Central Banking) Continue reading “News in Systemic Risk: Monday, August 24, 2020 (10 a.m. ET)”

Internship Spotlight Podcast: Diane Somlo ’21, Geisinger

By: Diane Somlo August 24, 2020
Diane Somlo ’21 is an MD/MBA candidate at Yale. She is spending her summer at Geisinger, a hospital and health center comprised of 13 hospital campuses, 3 research centers, a college of medicine, and a health plan serving more than three million residents in central, south-central, and northeast Pennsylvania. Somlo discusses the choice to pursue an MBA after starting her MD; her summer projects at Geisinger; and the ways in which the healthcare system is evolving. Continue reading “Internship Spotlight Podcast: Diane Somlo ’21, Geisinger”

News in Systemic Risk: Friday, August 21, 2020 (10 a.m. ET)

August 21, 2020
Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD) (European Central Bank) US dollar liquidity-providing operations from 1 September 2020 (Bank of England) Hutchins Roundup: Labor share, capital gains taxes, and more (Sophia Campbell, Lorena Hernandez Barcena, Louise Sheiner; Brookings Institution) After polarisation: Stable consensus on European mutual assistance is possible (Roel Beetsma, Brian Burgoon, Francesco Nicoli, Anniek de Ruijter, Frank Vandenbroucke; VoxEU) EU hands CCP members a narrow win on skin in the game (Samuel Wilkes; Central Banking) Continue reading “News in Systemic Risk: Friday, August 21, 2020 (10 a.m. ET)”