News in Systemic Risk: Wednesday, October 12, 2022 (10:00 a.m. ET) October 12, 2022 With Abundant Reserves, Do Banks Adjust Reserve Balances to Accommodate Payment Flows? (Adam Copeland, Catherine Huang, Kailey Kraft; Federal Reserve Bank of New York) The fiscal costs of leaning-against-the-wind exchange rate interventions (Juan Francisco Gómez, Eduardo Levy Yeyati; VoxEU) Real estate markets, financial stability and macroprudential policy (Jan Hannes Lang, Markus Behn, Barbara Jarmulska, Marco Lo Duca; European Central Bank) Bank of England says ‘lessons must be learned’ from pensions crisis (Laura Noonan; Financial Times) Bailey Risks BOE Credibility in Vow to End Gilt Buying (Philip Aldrick; Bloomberg) Bank of Korea’s Rhee Warns of Slower Growth After Outsized Hikes (Sam Kim, Hooyeon Kim; Bloomberg) Related Stories High School Students Visit Yale SOM for Introduction to Careers in Business and Economics Visiting Yale, Treasury Secretary Janet Yellen Hails Program on Financial Stability Program on Financial Stability Receives $7.5 million