… Panel A presents the statistics for the entire sample and Panel B shows the statistics by size
quintiles. The size quintiles in Panel B are formed every month based on NYSE size break …

… Reserves-exempt and uninsured institutions are summarized in Panels B and C, respectively.
In the … In Appendix B, we provide a more detailed description of the FBOs in our sample. …

Why do asset price bubbles continue to appear in various markets? What types of events
give rise to bubbles and why do arbitrage forces fail to quickly burst them? Do bubbles have …

We exploit an exogenous reduction in bank supervision and examination to demonstrate a
causal effect of supervisory oversight on financial institutions’ risk taking. The additional risk …

We show that the role of unsecured, short-term wholesale funding for global banks has changed
significantly in the post-financial-crisis regulatory environment. Global banks mainly use …

This article reconsiders the process of price discovery in spot and futures markets. In this
study, the authors examine the contribution of two derivative products of the German blue chip …

We simulate the FRB/US model and a number of statistical models to quantify some of the
risks stemming from the effective lower bound (ELB) on the federal funds rate and to assess …

… (1), (2) as follows: (A) all CUSIPs that were purchased themselves or had a substitute
purchased (our “baseline”), (B) only CUSIPs that were eligible for purchase on a given day, (C) …

We investigate the determinants of mutual fund manager career outcomes. We find that,
although career outcomes are largely determined by past performance, measured by returns …

This paper considers various ways of using balance sheet policy (BSP) to provide monetary
policy stimulus, including the BSPs put in place by the Federal Reserve in the wake of the …