Yale School of Management

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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)”

The Mexican government’s economic response to the COVID-19 pandemic

July 31, 2020
Mexico, the second largest Latin American economy, has been hit hard by the COVID-19 crisis as the death count surpassed 46,000—making it the third highest in the world. Unlike other countries in the region, though, its government has kept crisis spending relatively low, at about 3% of gross domestic product (GDP), to avoid massive government debt issuance. Continue reading “The Mexican government’s economic response to the COVID-19 pandemic”

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)”

The Mexican government’s economic response to the COVID-19 pandemic

July 31, 2020
Mexico, the second largest Latin American economy, has been hit hard by the COVID-19 crisis as the death count surpassed 46,000—making it the third highest in the world. Unlike other countries in the region, though, its government has kept crisis spending relatively low, at about 3% of gross domestic product (GDP), to avoid massive government debt issuance. Continue reading “The Mexican government’s economic response to the COVID-19 pandemic”