Yale School of Management

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News in Systemic Risk: Wednesday, September 16, 2020 (10 a.m. ET)

September 16, 2020
A Supplement To China Monetary Policy Report--Promoting LPR Reform Orderly (The People's Bank of China) Ministry of Finance issues Renminbi Sovereign Bonds through Central Moneymarkets Unit of Hong Kong Monetary Authority (Hong Kong Monetary Authority ) Lessons learned from the world’s first CBDC (Aleksi Grym; Bank of Finland) South Africa’s ANC Stalls Plan to Nationalize Central Bank (Michael Cohen; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, September 16, 2020 (10 a.m. ET)”

News in Systemic Risk: Tuesday, September 15, 2020 (10 a.m. ET)

September 15, 2020
Quarterly Review: Markets rise despite subdued economic recovery (Bank of International Settlements) Review of the Federal Reserve’s monetary policy strategy: main aspects and impact on the financial markets (Banco de España) Riksbank’s USD loans extended (Riksbank) Interest rate pegs and the reversal puzzle: On the role of anticipation  (Rafael Gerke, Sebastian Giesen, Daniel Kienzler; Deutche Bundesbank) Monetary Policy Surprises and Exchange Rate Behavior (Refet S. Gürkaynak, A. Hakan Kara, Burçin Kısacıkoğlu, Sang Seok Lee; National Bureau of Economic Research) Continue reading “News in Systemic Risk: Tuesday, September 15, 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: Wednesday, September 16, 2020 (10 a.m. ET)

September 16, 2020
A Supplement To China Monetary Policy Report--Promoting LPR Reform Orderly (The People's Bank of China) Ministry of Finance issues Renminbi Sovereign Bonds through Central Moneymarkets Unit of Hong Kong Monetary Authority (Hong Kong Monetary Authority ) Lessons learned from the world’s first CBDC (Aleksi Grym; Bank of Finland) South Africa’s ANC Stalls Plan to Nationalize Central Bank (Michael Cohen; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, September 16, 2020 (10 a.m. ET)”

News in Systemic Risk: Tuesday, September 15, 2020 (10 a.m. ET)

September 15, 2020
Quarterly Review: Markets rise despite subdued economic recovery (Bank of International Settlements) Review of the Federal Reserve’s monetary policy strategy: main aspects and impact on the financial markets (Banco de España) Riksbank’s USD loans extended (Riksbank) Interest rate pegs and the reversal puzzle: On the role of anticipation  (Rafael Gerke, Sebastian Giesen, Daniel Kienzler; Deutche Bundesbank) Monetary Policy Surprises and Exchange Rate Behavior (Refet S. Gürkaynak, A. Hakan Kara, Burçin Kısacıkoğlu, Sang Seok Lee; National Bureau of Economic Research) Continue reading “News in Systemic Risk: Tuesday, September 15, 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)”