Since the 2008 financial crisis, banking regulators’ capital enhancement efforts have focused on permitting systemically important financial institutions to issue alternative forms of debt and quasi-debt instruments as a means [...]
This note proposes a recalibration of the global systemically important bank holding company (GSIB) capital surcharge that takes into account the impact of the liquidity coverage ratio (LCR) – one [...]
Howell, Baker, Glyn, and Schmitt (HBGS) challenge the consensus view (the “orthodox” view, as they call it) on the causes of European unemployment trends. Numerous papers in this literature examine [...]
These neighborhoods—which we call America’s most diverse, mixed-income neighborhoods—have high levels of racial, ethnic and income diversity. This report identifies, maps and counts the nation’s most diverse mixed-income neighborhoods. In [...]
Banks' ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996-2007 period, and fell again [...]
This report starts by outlining the lax oversight of nonbank financial companies and the systemic-risk regulatory gaps that existed before the 2007–2008 financial crisis. Next, the report charts the development [...]
The decentralized structure of the Federal Reserve System is evaluated as a mechanism for generating and processing new ideas on monetary and financial policy. The role of the Reserve Banks [...]
As a consequence of the large-scale asset purchases by the Federal Reserve during its quantitative easing operations that began during the Great Recession in 2008, the Fed's interest income increased [...]
The current reliance on patent monopolies is due to the fact that the system is a surviving legacy of the feudal guild system, it is not the result of economic [...]
Homeowners and renters have participated in politics at different rates throughout American history, but does becoming a property owner motivate an individual to access forms of political participation likely to [...]