Most Recent Articles from Federal Reserve Bank of New York - Quarterly Review

• The price risk of options positions: measurement and capital requirements - includes appendix describing value-at-risk rules 

  The rapid growth of option products necessitates better methods for measuring the risks inherent in such products. Different approaches are...

  06/22/94 by Arturo Estrella · More from publication

• Recent trends in the profitability of credit card banks 

  Trends in the profitability of credit card banks are examined. It is demonstrated that despite interest rate reductions, the waiver of annual fees...

  06/22/94 by Andrea Meyercord · More from publication

• Mortgage security hedging and the yield curve - includes article about call and extension risk 

  The abrupt climb of the yield curve after interest rates were raised in spring 1994 is examined. Some economists have tried to explain this anomaly...

  06/22/94 by Julia D. Fernald · More from publication

• The baby boom generation and aggregate savings - includes article about use of Survey of Consumer Finances to calculate savings rates 

  An argument countering the notion that increased saving by the baby boom generation in the 1990s will offset the spending excesses of the 1970s is...

  06/22/94 by Richard Cantor · More from publication

• The credit rating industry 

  The public has come to rely more on credit rating agencies while the latter have proliferated both in the US and abroad. This increased reliance...

  06/22/94 by Richard Cantor · More from publication

• Has excess capacity abroad reduced U.S. inflationary pressures? 

  The effects of foreign industrial capacity underutilization on US inflation rates is examined, the conclusion being that the effects have been...

  06/22/94 by James A. Orr · More from publication

View more »