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Insolvency after the 2005 bankruptcy reform

Albanesi, Stefania; Nosal, Jaromir - 2015

and Consumer Protection Act (BAPCPA), the most substantive reform of personal bankruptcy in the United States since the … Bankruptcy Reform Act of 1978. The 2005 legislation introduced a means test based on income to establish eligibility for Chapter …, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …

Persistent link: https://www.econbiz.de/10010505950

International banking and cross-border effects of regulation : lessons from the United States

Berróspide, José M.; Correa, Ricardo; Goldberg, Linda S. - 2016

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013, this study shows that some regulatory changes indeed...

Persistent link: https://www.econbiz.de/10011547676

Market liquidity after the financial crisis

Adrian, Tobias; Fleming, Michael J.; Shachar, Or; Vogt, Erik - 2017 - Revised June 2017

This paper examines market liquidity in the post-crisis era in light of concerns that regulatory changes might have reduced dealers' ability and willingness to make markets. We begin with a discussion of the broader trading environment, including an overview of regulations and their potential...

Persistent link: https://www.econbiz.de/10011547707

A new survey of the U.S. bilateral repo market : a snapshot of broker-dealer activity

Baklanova, Viktoria; Caglio, Cecilia; Cipriani, Marco; … - 2016

We provide aggregate statistics on U.S. dealers' bilateral repurchase agreements and economically equivalent securities lending activities. The data were collected from the U.S.-affiliated securities dealers of nine bank holding companies under a voluntary pilot program run by the Office of...

Persistent link: https://www.econbiz.de/10011413234

Can vertical specialization explain the growth of world trade?

Yi, Kei-mu - 2000

Persistent link: https://www.econbiz.de/10001499553

Liquidity management of US global banks : internal capital markets in the great recession

Cetorelli, Nicola; Goldberg, Linda S. - 2011

The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...

Persistent link: https://www.econbiz.de/10009266718

Financial amplification of foreign exchange risk premia

Adrian, Tobias; Etula, Erkko M.; Groen, Jan J. J. - 2010 - Rev.

Theories of systemic risk suggest that financial intermediaries’ balance-sheet constraints amplify fundamental shocks. We provide supportive evidence for such theories by decomposing the U.S. dollar risk premium into components associated with macroeconomic fundamentals and a component...

Persistent link: https://www.econbiz.de/10008657204

Central bank dollar swap lines and overseas dollar funding costs

Goldberg, Linda S.; Kennedy, Craig; Miu, Jason - 2010

Following a scarcity of dollar funding available internationally to banks and financial institutions, in December 2007 the Federal Reserve began to establish or expand Temporary Reciprocal Currency Arrangements with fourteen foreign central banks. These central banks had the capacity to use...

Persistent link: https://www.econbiz.de/10003948799

Risks in US bank international exposures

Cetorelli, Nicola (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003289414

Understanding the linkages between climate change and inequality in the United States

Avtar, Ruchi; Blickle, Kristian; Chakrabarti, Rajashri; … - 2021

We conduct a review of the existing academic literature to outline possible links between climate change and inequality in the United States. First, researchers have shown that the impact of both physical and transition risks may be uneven across location, income, race, and age. This is driven...

Persistent link: https://www.econbiz.de/10012660379