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

• CASE FOR TIPS: AN EXAMINATION OF THE COSTS AND BENEFITS, THE 

  * Some studies suggest that the issuance of Treasury Inflation-Protected Securities (TIPS)-inflation-indexed debt-has not been as cost-effective...

  07/01/09 by Dudley, William C; Roush, Jennifer; Ezer, Michelle Steinberg · More from publication

• WHY DID FDR'S BANK HOLIDAY SUCCEED? 

  * After a month-long run on banks, on March 5, 1933, President Franklin Delano Roosevelt declared a nationwide Bank Holiday that shut down the...

  07/01/09 by Silber, William L · More from publication

• BELOW THE LINE: ESTIMATES OF NEGATIVE EQUITY AMONG NONPRIME MORTGAGE BORROWERS 

  * Evidence from the current downturn suggests that declines in borrower equity are fundamental contributors to the rise in delinquencies and...

  07/01/09 by Haughwout, Andrew F; Okah, Ebiere · More from publication

• INTRODUCTION 

  Simply put, payments settle things. A payment is typically the final step in a sequence of activities that make up an economic or financial trade....

  09/01/08 by McAndrews, James · More from publication

• INTRADAY LIQUIDITY MANAGEMENT: A TALE OF GAMES BANKS PLAY 

  * To ensure smooth operation of real-time gross settlement systems, central banks extend intraday credit, either against collateral or for a fee. ...

  09/01/08 by Bech, Morten L · More from publication

• AN ECONOMIC ANALYSIS OF LIQUIDITY-SAVING MECHANISMS 

  * Liquidity-saving mechanisms (LSMs) are queuing arrangements for payments that operate alongside traditional real-time gross settlement (RTGS)...

  09/01/08 by Martin, Antoine; McAndrews, James · More from publication

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