Yale School of Management

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Discover the ICF's South Sea Bubble of 1720 Financial History Collection

By: Electra Ferriello August 4, 2020
South Sea Annuity

Interested in the South Sea Bubble of 1720? Visit the Origins of Value online visual database where the ICF has collected a number of historical bonds, securities, financial instruments and documents related to the history of financial markets. Using the search function, you can view several...

Continue reading “Discover the ICF's South Sea Bubble of 1720 Financial History Collection”

News in Systemic Risk: Tuesday, August 4 (10 a.m. ET)

August 4, 2020
Claudia Buch: ‘We need higher transparency’ on resolution (Daniel Hinge; Central Banking) Time inconsistency in recent monetary policy (Charles Goodhart, Tatjana Schulze, Dimitri Tsomocos; VoxEu) Argentina Agrees to $65 Billion Restructuring Deal With Bondholders (Ryan Dube, Andrew Scurria; Wall Street Journal ) Covid Supercharges Federal Reserve as Backup Lender to the World (Serena Ng, Nick Timiraos; Wall Street Journal  Continue reading “News in Systemic Risk: Tuesday, August 4 (10 a.m. ET)”

Pandemic catalyzes transition to cashless benefits

August 4, 2020
Health concerns and the sudden implementation of economic shutdowns have caused many countries to expedite or expand transitions to the cashless administration of government benefits in order to make their support efforts as effective as possible. Cashless supports for individuals offer speed, security, and availability that far outperform cash in combating the COVID-19 pandemic, given its unique circumstances. In some countries, increased adoption of cashless technology is an escalation of previously-announced long-term policy goals. Other governments have expedited the transition from cash-based systems to digital payment capacities.  Continue reading “Pandemic catalyzes transition to cashless benefits”

Federal Reserve extends temporary US dollar liquidity swap lines and FIMA repo facility to March 31, 2021

August 4, 2020
On July 29, the Federal Reserve announced the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility). Now these facilities are set to expire on March 31, 2021. Continue reading “Federal Reserve extends temporary US dollar liquidity swap lines and FIMA repo facility to March 31, 2021”

News in Systemic Risk: Monday, August 3 (10 a.m. ET)

August 3, 2020
The Federal Reserve’s Large-Scale Repo Program (Kevin Clark, Antoine Martin, and Tim Wessel ; Federal Reserve Bank of New York) The Reserve Bank's Operations – Liquidity, Market Function and Funding (Christopher Kent; Reserve Bank of Australia) Japan's Economy and Monetary Policy (Amamiya Masayoshi; Bank of Japan) How to prevent the looming sovereign debt crisis (Joseph Stiglitz, Hamid Rashid; VoxEu) Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation (Nick Timiraos; Wall Street Journal) Ex-BoE deputy governor fears ‘utter mayhem’ from clearing house reform (Laura Noonan, Philip Stafford; Financial Times) Has India’s moratorium on loan payments delayed the pain for banks? (The Economist) Continue reading “News in Systemic Risk: Monday, August 3 (10 a.m. ET)”

Discover the ICF's South Sea Bubble of 1720 Financial History Collection

By: Electra Ferriello August 4, 2020
South Sea Annuity

Interested in the South Sea Bubble of 1720? Visit the Origins of Value online visual database where the ICF has collected a number of historical bonds, securities, financial instruments and documents related to the history of financial markets. Using the search function, you can view several...

Continue reading “Discover the ICF's South Sea Bubble of 1720 Financial History Collection”

News in Systemic Risk: Tuesday, August 4 (10 a.m. ET)

August 4, 2020
Claudia Buch: ‘We need higher transparency’ on resolution (Daniel Hinge; Central Banking) Time inconsistency in recent monetary policy (Charles Goodhart, Tatjana Schulze, Dimitri Tsomocos; VoxEu) Argentina Agrees to $65 Billion Restructuring Deal With Bondholders (Ryan Dube, Andrew Scurria; Wall Street Journal ) Covid Supercharges Federal Reserve as Backup Lender to the World (Serena Ng, Nick Timiraos; Wall Street Journal  Continue reading “News in Systemic Risk: Tuesday, August 4 (10 a.m. ET)”

Pandemic catalyzes transition to cashless benefits

August 4, 2020
Health concerns and the sudden implementation of economic shutdowns have caused many countries to expedite or expand transitions to the cashless administration of government benefits in order to make their support efforts as effective as possible. Cashless supports for individuals offer speed, security, and availability that far outperform cash in combating the COVID-19 pandemic, given its unique circumstances. In some countries, increased adoption of cashless technology is an escalation of previously-announced long-term policy goals. Other governments have expedited the transition from cash-based systems to digital payment capacities.  Continue reading “Pandemic catalyzes transition to cashless benefits”

Federal Reserve extends temporary US dollar liquidity swap lines and FIMA repo facility to March 31, 2021

August 4, 2020
On July 29, the Federal Reserve announced the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility). Now these facilities are set to expire on March 31, 2021. Continue reading “Federal Reserve extends temporary US dollar liquidity swap lines and FIMA repo facility to March 31, 2021”

News in Systemic Risk: Monday, August 3 (10 a.m. ET)

August 3, 2020
The Federal Reserve’s Large-Scale Repo Program (Kevin Clark, Antoine Martin, and Tim Wessel ; Federal Reserve Bank of New York) The Reserve Bank's Operations – Liquidity, Market Function and Funding (Christopher Kent; Reserve Bank of Australia) Japan's Economy and Monetary Policy (Amamiya Masayoshi; Bank of Japan) How to prevent the looming sovereign debt crisis (Joseph Stiglitz, Hamid Rashid; VoxEu) Fed Weighs Abandoning Pre-Emptive Rate Moves to Curb Inflation (Nick Timiraos; Wall Street Journal) Ex-BoE deputy governor fears ‘utter mayhem’ from clearing house reform (Laura Noonan, Philip Stafford; Financial Times) Has India’s moratorium on loan payments delayed the pain for banks? (The Economist) Continue reading “News in Systemic Risk: Monday, August 3 (10 a.m. ET)”