News and Commentary
Six New York Fed economists assess COVID induced dividend suspensions’ impact on capital ratios and buffers.
Telis Demos writes that additional stimulus spending may increase the effect of capital requirements on banks by raising total exposure.
New Research
The firms listed on the stock market contribute less to GDP now than in the 1970s. Thus, Frederik Schlingemann and René Stulz develop measures of economic representativeness.
Mark Carlson and Matthew S. Jaremski examine state bank response to illiquidity incentives in the early 1900s, finding that higher national bank prevalence increased state bank reliance on national level cash.
Benjamin Keys and Philip Mulder propose an explanation for lead-lag in sea level rise risk to housing where prospective buyers are more risk pessimistic than prospective sellers.