News and Commentary
Hannah Lang observes Randal Quarles’ potential indication that the Fed will not make permanent May’s interim exclusion of Treasury securities and Federal regional bank deposits from supplementary leverage ratio calculation in an American Banker article.
James Politi reports for Financial Times that Federal Reserve Bank officials are calling for increased financial regulation given the Fed’s low interest-rate policies’ propensity to allow excessive leverage.
Andrew Ackerman and Paul Kiernan detail the presidential candidates’ views on financial regulation, including bank regulation, for the Wall Street Journal.
A Wall Street Journal piece by Julie Bykowicz and Ted Mann describes the difficulty of predicting Joe Biden’s financial regulation in the instance of his presidency.
Chicago Booth School of Business professors Elisabeth Kempf and Lubos Pastor analyze the results of their recent paper, writing that central bankers face a potential conflict of interest when writing about Quantitative Easing.
Theresa Kuchler and Johannes Stroebel find large peer effects in mortgage refinancing decisions and present directions for further research at the intersection of household finance and “social finance.”
Itamar Drechsler, Alan Moreira, and Alexi Savov model aggregate volatility shocks including a metric for amount of private information, concluding that volatility risk explains stock liquidity premiums.