| Home > Research |
 |
| Financial Intermediation |
| Economists in the Financial Intermediation Function conduct research and policy-oriented analysis on a wide range of issues relating to financial intermediation and financial markets, including the behavior and health of financial institutions, innovations in financial markets, and the development of appropriate supervisory tools and techniques. |
| Features |
|
| The Fifth New York Fed/NYU Stern Conference on Financial Intermediation A conference jointly sponsored by the Federal Reserve Bank of New York and the Salomon Center at New York University's Leonard N. Stern School of Business. This one-day conference aims to enhance the interaction among researchers interested in financial intermediation. |
|
|
|
| Banking Research Datasets The Federal Reserve Bank of New York would like to announce the publication of a historical mapping between CRSP PERMCO (R) and the regulatory entity code for banks and bank holding companies. This data set is available for download free of charge for public use. In lieu of using this link, researchers are typically forced to hand-match market data to regulatory data on the basis of institution name. Unfortunately, this process is time-consuming and mistake-prone. This data set is provided as a public service in order to reduce the time costs of using market data in banking research and to make it easier for researchers to replicate existing research. |
| Recent Articles |
|
 The Dynamics of Automobile ExpendituresThis paper presents a dynamic model for light motor vehicles. Consumers solve an optimal stopping problem in deciding if they want a new automobile and when in the model year to purchase it. By Adam Copeland, Staff Reports 394, September 2009 |
|
|
|
| Increasing Competition: The Curious Case of Overdraft v. Deferred Deposit Credit The authors find that banks charge more for overdraft credit when depositors have access to a potential substitute: deferred deposit ("payday") credit. By Brian T. Melzer and Don Morgan, Staff Reports 391, September 2009 |
|
|
|
| Bank Capital and Value in the Cross Section
The authors develop a dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened incentives for the bank to engage in value-enhancing loan monitoring and a higher probability of avoiding regulatory closure due to loan delinquencies. By Hamid Mehran and Anjan Thakor, Staff Reports 390, September 2009 |
|
|
|
| Liquidity Risk, Credit Risk and The Federal Reserve's Responses to the Crisis In this paper, I examine the Fed's actions in light of the underlying financial amplification mechanisms propagating the crisis- in particular, balance sheet constraints and counterparty credit risk. By Asani Sarkar, Staff Reports 389, September 2009 |
|
|
|
 The Federal Reserve's Primary Dealer Credit FacilityThe authors consider the events that led to the creation of the facility—chiefly, the2008 Bear Stearns turmoil and the liquidity strains that developed in the overnight repo market—and the reasons for the expansion of the facility in September 2008. By Tobias Adrian, Christopher R. Burke, and James J. McAndrews, Current Issues in Economics and Finance (15) 4, August 2009 |
|
|
|
| More ›› |
