Yale School of Management

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News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)

September 2, 2020
EBA publishes its 2019 Annual Report on resolution colleges (European Banking Authority ) Europe needs a fully fledged capital markets union – now more than ever (Luis de Guindos, Fabio Panetta, Isabel Schnabel; European Central Bank ) Mnuchin sees Fed 'Main Street' loans ballooning up to $50B after slow start (Victoria Guida; Politico) BOJ Deputy Gov. Wakatabe Hints at Possible Policy Review for Covid-19 Era (Megumi Fujikawa; Wall Street Journal) Indonesia Fuels Worries With Plans to Cut Central Bank Autonomy (Grace Sihombing; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)”

Announcing the Yale ICF's Fall YBlockchain? Webinar Series

By: Diana Barrero Zalles September 1, 2020
YB

Join us for the Yale ICF’s new YBlockchain? crypto and blockchain online discussion series! The Yale ICF partnered with Yale SOM alumna, Diana Barrero Zalles ’17, to create a series of discussions about blockchain presented through a variety of panels and keynote addresses by leading...

Continue reading “Announcing the Yale ICF's Fall YBlockchain? Webinar Series”

News in Systemic Risk: Tuesday, September 1, 2020 (10 a.m. ET)

September 1, 2020
The People’s Bank of China Publishes the White Paper Participating in International Benchmark Interest Rate Reform and Improving China’s Benchmark Interest Rate System (The People's Bank of China) Riksbank to begin purchasing corporate bonds in September (Riksbank) Gap-filling government debt maturity choice (Frederik Eidam; European Systemic Risk Board) Statement by Philip Lowe, Governor: Monetary Policy Decision (Reserve Bank of Australia) Top regulator pushes ahead with plan to reshape banking, sparking clash with states (Victoria Guida; Politico) Limitations on the Effectiveness of Monetary Policy Forward Guidance in the Context of the COVID-19 Pandemic (Andrew T. Levin, Arunima Sinha; National Bureau of Economic Research) Continue reading “News in Systemic Risk: Tuesday, September 1, 2020 (10 a.m. ET)”

Monetization of Fiscal Deficits and COVID-19 - A Primer

August 31, 2020
Governments around the world have introduced huge stimulus programs to combat the economic damage caused by COVID-19. These programs allocate billions of dollars in direct payments, tax breaks, business subsidies, and other relief. The size and scale of these programs have caused many governments to run much higher budget deficits than normal. But how are they going to finance these deficits? One way, which some consider anathema to the price-stability mandate of a central bank, has been thrust back into the spotlight as the crisis rages on: sovereign debt monetization. Continue reading “Monetization of Fiscal Deficits and COVID-19 - A Primer”

News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)

September 2, 2020
EBA publishes its 2019 Annual Report on resolution colleges (European Banking Authority ) Europe needs a fully fledged capital markets union – now more than ever (Luis de Guindos, Fabio Panetta, Isabel Schnabel; European Central Bank ) Mnuchin sees Fed 'Main Street' loans ballooning up to $50B after slow start (Victoria Guida; Politico) BOJ Deputy Gov. Wakatabe Hints at Possible Policy Review for Covid-19 Era (Megumi Fujikawa; Wall Street Journal) Indonesia Fuels Worries With Plans to Cut Central Bank Autonomy (Grace Sihombing; Bloomberg) Continue reading “News in Systemic Risk: Wednesday, September 2, 2020 (10 a.m. ET)”

Announcing the Yale ICF's Fall YBlockchain? Webinar Series

By: Diana Barrero Zalles September 1, 2020
YB

Join us for the Yale ICF’s new YBlockchain? crypto and blockchain online discussion series! The Yale ICF partnered with Yale SOM alumna, Diana Barrero Zalles ’17, to create a series of discussions about blockchain presented through a variety of panels and keynote addresses by leading...

Continue reading “Announcing the Yale ICF's Fall YBlockchain? Webinar Series”

News in Systemic Risk: Tuesday, September 1, 2020 (10 a.m. ET)

September 1, 2020
The People’s Bank of China Publishes the White Paper Participating in International Benchmark Interest Rate Reform and Improving China’s Benchmark Interest Rate System (The People's Bank of China) Riksbank to begin purchasing corporate bonds in September (Riksbank) Gap-filling government debt maturity choice (Frederik Eidam; European Systemic Risk Board) Statement by Philip Lowe, Governor: Monetary Policy Decision (Reserve Bank of Australia) Top regulator pushes ahead with plan to reshape banking, sparking clash with states (Victoria Guida; Politico) Limitations on the Effectiveness of Monetary Policy Forward Guidance in the Context of the COVID-19 Pandemic (Andrew T. Levin, Arunima Sinha; National Bureau of Economic Research) Continue reading “News in Systemic Risk: Tuesday, September 1, 2020 (10 a.m. ET)”

Monetization of Fiscal Deficits and COVID-19 - A Primer

August 31, 2020
Governments around the world have introduced huge stimulus programs to combat the economic damage caused by COVID-19. These programs allocate billions of dollars in direct payments, tax breaks, business subsidies, and other relief. The size and scale of these programs have caused many governments to run much higher budget deficits than normal. But how are they going to finance these deficits? One way, which some consider anathema to the price-stability mandate of a central bank, has been thrust back into the spotlight as the crisis rages on: sovereign debt monetization. Continue reading “Monetization of Fiscal Deficits and COVID-19 - A Primer”