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This paper uses operational problems at commercial banks in sending Fedwire payments as a proxy for aggregate uncertainty in end-of-day Fed account positions and then examines funds market behavior on those days. The results suggest that increased uncertainty is associated with a deviation of...
Persistent link: https://www.econbiz.de/10005720981
We study new transaction-level data of discount window borrowing in the U.S. from 2010–17, merged with quarterly data on bank financial conditions (balance sheet and revenue). The objective is to improve our understanding of the reasons why banks use the discount window during periods outside...
Persistent link: https://www.econbiz.de/10014048693
This paper examines potential interactions between financial stability and the monetary policy strategies and tools considered in the Federal Reserve’s review of monetary policy strategy, tools, and communication practices. Achieving the Federal Reserve’s goals of full employment and price...
Persistent link: https://www.econbiz.de/10014048766
Asset purchases have become an important monetary policy tool of the Federal Reserve in recent years. To date, most studies of the Federal Reserve's asset purchases have tried to measure the interest rate effects of the policies. Several papers provide evidence that these programs do have...
Persistent link: https://www.econbiz.de/10014157719
Persistent link: https://www.econbiz.de/10014364318
We study new transaction-level data of discount window borrowing in the U.S. between 2010 and 2017, merged with quarterly data on bank financial conditions (balance sheet and revenue). The objective is to improve our understanding of the reasons for why banks use the discount window during...
Persistent link: https://www.econbiz.de/10013231948
Persistent link: https://www.econbiz.de/10010421667
Persistent link: https://www.econbiz.de/10010424539
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