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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 Fourth 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. The goal of this one-day conference is 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
staff reportsSettlement Delays in the Money Market
The authors track 38,000 money market trades from execution to delivery and return to provide a first empirical analysis of settlement delays in financial markets.
By Leonardo Bartolini, Spence Hilton, and James McAndrews, Staff Reports 319, March 2008
staff reportsUnderstanding the Securitization of Subprime Mortgage Credit
In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational frictions that arise.
By Adam B. Ashcraft and Til Schuermann, Staff Reports 318, March 2008
current issuesLiquidity, Monetary Policy, and Financial Cycles
The authors of this study argue that the growth rate of aggregate balance sheets may be the most fitting measure of liquidity in a market-based financial system.
By Tobias Adrian and Hyun Song Shin, Current Issues in Economics and Finance (14) 1, January/February 2008
staff reportsWhat Can We Learn from Privately Held Firms about Executive Compensation?
This study examines the determinants of CEO compensation using data from a nationally representative sample of privately held U.S. corporations.
By Rebel A. Cole and Hamid Mehran, Staff Reports 314, January 2008
staff reportsRun Equilibria in a Model of Financial Intermediation
The authors study the Green and Lin (2003) model of financial intermediation with two new features: traders may face a cost of contacting the intermediary, and consumption needs may be correlated across traders.
By Huberto M. Ennis and Todd Keister, Staff Reports 312, January 2008
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