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Plosser, Charles I. - Federal Reserve Bank of Philadelphia - 2013

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia, 4th Annual Simon New York City Conference Reform at a Crossroads: Economic Transformation in the Year Ahead

Persistent link: https://www.econbiz.de/10010727121

Have money-stock fluctuations had a liquidity effect on expected real interest rates?

Diba, Behzad T.; Oh, Seonghwan - Federal Reserve Bank of Philadelphia - 1988

Persistent link: https://www.econbiz.de/10005389630

Banks, payments, and coordination

McAndrews, James J.; Roberds, William - Federal Reserve Bank of Philadelphia - 1994

Persistent link: https://www.econbiz.de/10005389652

Trading dynamics in decentralized markets with adverse selection

Camargo, Braz; Lester, Benjamin - Federal Reserve Bank of Philadelphia - 2011

The authors study a dynamic, decentralized lemons market with one-time entry and characterize its set of non-stationary equilibria. This framework offers a theory of how a market suffering from adverse selection recovers over time endogenously; given an initial fraction of lemons, the model...

Persistent link: https://www.econbiz.de/10009292934

The dynamics of credit markets in a model with learning

Lang, William W.; Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 1989

Persistent link: https://www.econbiz.de/10005512298

Reputation acquisition and persistence of moral hazard in credit markets

Calem, Paul S. - Federal Reserve Bank of Philadelphia - 1992

Persistent link: https://www.econbiz.de/10005389604

Credit risk analysis of credit card portfolios under economic stress conditions

Banerjee, Piu; Canals-Cerdá, José J. - Federal Reserve Bank of Philadelphia - 2012

We develop an empirical framework for the credit risk analysis of a generic portfolio of revolving credit accounts and … apply it to analyze a representative panel data set of credit card accounts from a credit bureau. These data cover the … significant economic stress conditions. We consider a traditional framework for the analysis of credit risk where the probability …

Persistent link: https://www.econbiz.de/10011027302

Information losses in a dynamic model of credit

Lang, William W.; Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 1988

Persistent link: https://www.econbiz.de/10005717378

Collateral, credit history, and the financial decelerator

Elul, Ronel - Federal Reserve Bank of Philadelphia - 2005

The author develops a simple model in which financial imperfections can serve to stabilize aggregate fluctuations and not merely aggravate them as in much of the previous literature; the author terms this a financial decelerator. In the model agents borrow to purchase housing and secure their...

Persistent link: https://www.econbiz.de/10005717409

Small business use of credit cards in the U.S. market

Herbst-Murphy, Susan - Federal Reserve Bank of Philadelphia - 2012

America’s small businesses have adopted credit cards as both a payment method and a borrowing vehicle. The segment also … with respect to credit cards. To obtain an update on these issues, the Payment Cards Center hosted a workshop facilitated … supply and demand conditions for small business credit cards. In addition to these positive post-recession observations …

Persistent link: https://www.econbiz.de/10010598259