Yale School of Management

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Federal Reserve Announces Changes to Main Street Lending Program

May 1, 2020

On April 30, the Federal Reserve Board announced updates to the Main Street Lending Program, after receiving more than 2,200 comments from individuals, businesses, and nonprofits on the initial terms of the program announced on April 9. Major changes include creating a third facility that accepts riskier borrowers, lowering the minimum loan size, lowering the interest rate, and expanding the pool of eligible borrowers.

Continue reading “Federal Reserve Announces Changes to Main Street Lending Program”

First-Year Students Look Back at their Favorite On-Campus Events of the Year

May 1, 2020

While the current pandemic has meant that many of these events convened virtually this spring, the spirit of community persists for SOM students. And it was in that spirit that first-year student life chair Stephanie Wayne ’21 reached out to us recently, wanting to share her and her classmates’ reflections on their favorite events with admitted and prospective students. 

Continue reading “First-Year Students Look Back at their Favorite On-Campus Events of the Year”

Conventional Monetary Policy and the Zero-Lower-Bound

April 30, 2020

Central banks across the world have eased monetary policy to facilitate smooth market functioning during the Covid-19 crisis. Interest rate cuts are their primary policy tool. Global interest rates are now at historic lows, with 14 of the 38 central banks in a Bank for International Settlements (BIS) database setting their nominal key policy rates at or below 0.25 percent; three are below 0.

Continue reading “Conventional Monetary Policy and the Zero-Lower-Bound”

Financial History Repeats Itself. The South Sea Bubble: 22 April 1720

By: Electra Ferriello April 30, 2020
22 April

This year, the ICF is looking back at the South Sea Bubble of 1720 which was the first global financial bubble that occurred 300 years ago in Paris, London and the Netherlands. On our South Sea Bubble 1720 project website, we share newspaper clippings from the Leydse Courant, a Dutch newspaper...

Continue reading “Financial History Repeats Itself. The South Sea Bubble: 22 April 1720”

FHFA Relaxes Standards for GSE Mortgage Servicers

April 29, 2020

On April 21, the Federal Housing Finance Agency (FHFA) announced that it was changing standards for mortgage servicers in an effort to reduce burdens brought on by drastic increases in mortgage nonpayment. Quickly following, on April 22, the FHFA announced that Fannie Mae and Freddie Mac would purchase some mortgages in forbearance due to COVID-19.

Continue reading “FHFA Relaxes Standards for GSE Mortgage Servicers”

IFC Provides $8 Billion in Fast-Track Financing to Private Sector

April 29, 2020

The International Finance Corporation (IFC) will be providing fast-track financing of $8 billion to support companies impacted by the COVID-19 pandemic. On March 3, the World Bank Group approved $6 billion in fast-track financing through the IFC. It approved an additional $2 billion on March 17.

Continue reading “IFC Provides $8 Billion in Fast-Track Financing to Private Sector”

Easing Liquidity Regulations to Counter COVID-19

April 27, 2020

Many countries are easing liquidity regulations to help banks get cash to their customers and to prevent liquidity shortages from spreading across financial markets. Countries are addressing liquidity shortages using two main tools: the liquidity coverage ratio (LCR), which most developed countries implemented in recent years as part of the Basel III agreements, and the more traditional reserve requirement ratio.

Continue reading “Easing Liquidity Regulations to Counter COVID-19”

Federal Reserve Announces Changes to Main Street Lending Program

May 1, 2020

On April 30, the Federal Reserve Board announced updates to the Main Street Lending Program, after receiving more than 2,200 comments from individuals, businesses, and nonprofits on the initial terms of the program announced on April 9. Major changes include creating a third facility that accepts riskier borrowers, lowering the minimum loan size, lowering the interest rate, and expanding the pool of eligible borrowers.

Continue reading “Federal Reserve Announces Changes to Main Street Lending Program”

First-Year Students Look Back at their Favorite On-Campus Events of the Year

May 1, 2020

While the current pandemic has meant that many of these events convened virtually this spring, the spirit of community persists for SOM students. And it was in that spirit that first-year student life chair Stephanie Wayne ’21 reached out to us recently, wanting to share her and her classmates’ reflections on their favorite events with admitted and prospective students. 

Continue reading “First-Year Students Look Back at their Favorite On-Campus Events of the Year”

Conventional Monetary Policy and the Zero-Lower-Bound

April 30, 2020

Central banks across the world have eased monetary policy to facilitate smooth market functioning during the Covid-19 crisis. Interest rate cuts are their primary policy tool. Global interest rates are now at historic lows, with 14 of the 38 central banks in a Bank for International Settlements (BIS) database setting their nominal key policy rates at or below 0.25 percent; three are below 0.

Continue reading “Conventional Monetary Policy and the Zero-Lower-Bound”

Financial History Repeats Itself. The South Sea Bubble: 22 April 1720

By: Electra Ferriello April 30, 2020
22 April

This year, the ICF is looking back at the South Sea Bubble of 1720 which was the first global financial bubble that occurred 300 years ago in Paris, London and the Netherlands. On our South Sea Bubble 1720 project website, we share newspaper clippings from the Leydse Courant, a Dutch newspaper...

Continue reading “Financial History Repeats Itself. The South Sea Bubble: 22 April 1720”

FHFA Relaxes Standards for GSE Mortgage Servicers

April 29, 2020

On April 21, the Federal Housing Finance Agency (FHFA) announced that it was changing standards for mortgage servicers in an effort to reduce burdens brought on by drastic increases in mortgage nonpayment. Quickly following, on April 22, the FHFA announced that Fannie Mae and Freddie Mac would purchase some mortgages in forbearance due to COVID-19.

Continue reading “FHFA Relaxes Standards for GSE Mortgage Servicers”

IFC Provides $8 Billion in Fast-Track Financing to Private Sector

April 29, 2020

The International Finance Corporation (IFC) will be providing fast-track financing of $8 billion to support companies impacted by the COVID-19 pandemic. On March 3, the World Bank Group approved $6 billion in fast-track financing through the IFC. It approved an additional $2 billion on March 17.

Continue reading “IFC Provides $8 Billion in Fast-Track Financing to Private Sector”

Easing Liquidity Regulations to Counter COVID-19

April 27, 2020

Many countries are easing liquidity regulations to help banks get cash to their customers and to prevent liquidity shortages from spreading across financial markets. Countries are addressing liquidity shortages using two main tools: the liquidity coverage ratio (LCR), which most developed countries implemented in recent years as part of the Basel III agreements, and the more traditional reserve requirement ratio.

Continue reading “Easing Liquidity Regulations to Counter COVID-19”