Federal Reserve Independence: Foundations and Responsibilities: a speech at the Federal Reserve Bank of Cleveland, Cleveland, Ohio (via livestream), November 30, 2021
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Acharya, Viral V. & Fleming, Michael J. & Hrung, Warren B. & Sarkar, Asani, 2017.
"Dealer financial conditions and lender-of-last-resort facilities,"
Journal of Financial Economics, Elsevier, vol. 123(1), pages 81-107.
- Viral V. Acharya & Michael J. Fleming & Warren B. Hrung & Asani Sarkar, 2014. "Dealer financial conditions and lender-of-last resort facilities," Staff Reports 673, Federal Reserve Bank of New York.
- Daniel Covitz & Nellie Liang & Gustavo A. Suarez, 2013. "The Evolution of a Financial Crisis: Collapse of the Asset-Backed Commercial Paper Market," Journal of Finance, American Finance Association, vol. 68(3), pages 815-848, June.
- Burcu Duygan-Bump & Patrick Parkinson & Eric Rosengren & Gustavo A. Suarez & Paul Willen, 2013.
"How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility,"
Journal of Finance, American Finance Association, vol. 68(2), pages 715-737, April.
- Burcu Duygan-Bump & Patrick M. Parkinson & Eric Rosengren & Gustavo A. Suarez & Paul S. Willen, 2010. "How effective were the Federal Reserve emergency liquidity facilities?: evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility," Supervisory Research and Analysis Working Papers QAU10-3, Federal Reserve Bank of Boston.
- Andrew J. Jalil, 2015. "A New History of Banking Panics in the United States, 1825-1929: Construction and Implications," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(3), pages 295-330, July.
- Carlson, Mark & Macchiavelli, Marco, 2020. "Emergency loans and collateral upgrades: How broker-dealers used Federal Reserve credit during the 2008 financial crisis," Journal of Financial Economics, Elsevier, vol. 137(3), pages 701-722.
- Charles Goodhart, 1988. "The Evolution of Central Banks," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262570734, April.
- John A. James & James McAndrews & David F. Weiman, 2013. "Wall Street and Main Street: the macroeconomic consequences of New York bank suspensions, 1866–1914," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 7(2), pages 99-130, May.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Rustom M. Irani & Ralf R. Meisenzahl, 2015. "Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register," Finance and Economics Discussion Series 2015-1, Board of Governors of the Federal Reserve System (U.S.).
- Anbil, Sriya & Carlson, Mark & Styczynski, Mary-Frances, 2023. "The effect of the Federal Reserve’s lending facility on PPP lending by commercial banks," Journal of Financial Intermediation, Elsevier, vol. 55(C).
- repec:fip:fedgfe:2014-115 is not listed on IDEAS
- Cimon, David A. & Walton, Adrian, 2024.
"Central bank liquidity facilities and market making,"
Journal of Banking & Finance, Elsevier, vol. 162(C).
- David Cimon & Adrian Walton, 2022. "Central Bank Liquidity Facilities and Market Making," Staff Working Papers 22-9, Bank of Canada.
- Li, Yi, 2021. "Reciprocal lending relationships in shadow banking," Journal of Financial Economics, Elsevier, vol. 141(2), pages 600-619.
- O'Hara, Maureen & Zhou, Xing (Alex), 2021. "Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis," Journal of Financial Economics, Elsevier, vol. 142(1), pages 46-68.
- Xuewen Liu, 2023. "A Model of Systemic Bank Runs," Journal of Finance, American Finance Association, vol. 78(2), pages 731-793, April.
- Christina Bui, 2018. "Bank Regulation and Financial Stability," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 5-2018, January-A.
- Cyree, Ken B. & Griffiths, Mark D. & Winters, Drew B., 2013. "Federal Reserve financial crisis lending programs and bank stock returns," Journal of Banking & Finance, Elsevier, vol. 37(10), pages 3819-3829.
- Helwege, Jean & Boyson, Nicole M. & Jindra, Jan, 2017. "Reprint of: Thawing frozen capital markets and backdoor bailouts: Evidence from the Fed's liquidity programs," Journal of Banking & Finance, Elsevier, vol. 83(C), pages 193-220.
- Gang Bai & Chunhui Chen, 2023. "Managing Information Sensitivity: The Relationship between the Interbank Offered Rate and the Characteristics of Bank-Issued Wealth Management Products in China," Sustainability, MDPI, vol. 15(2), pages 1-19, January.
- Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016.
"Political foundations of the lender of last resort: A global historical narrative,"
Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.
- Laeven, Luc & Calomiris, Charles & Flandreau, Marc, 2016. "Political Foundations of the Lender of Last Resort: A Global Historical Narrative," CEPR Discussion Papers 11448, C.E.P.R. Discussion Papers.
- Bui, Christina & Scheule, Harald & Wu, Eliza, 2020. "A cautionary tale of two extremes: The provision of government liquidity support in the banking sector," Journal of Financial Stability, Elsevier, vol. 51(C).
- Helwege, Jean & Boyson, Nicole M. & Jindra, Jan, 2017. "Thawing frozen capital markets and backdoor bailouts: Evidence from the Fed's liquidity programs," Journal of Banking & Finance, Elsevier, vol. 76(C), pages 92-119.
- Carlo Alcaraz & Stijn Claessens & Gabriel Cuadra & David Marques-Ibanez & Horacio Sapriza, 2018.
"Whatever it takes. What's the impact of a major nonconventional monetary policy intervention?,"
BIS Working Papers
749, Bank for International Settlements.
- Alcaraz, Carlo & Claessens, Stijn & Cuadra, Gabriel & Marqués-Ibáñez, David & Sapriza, Horacio, 2019. "Whatever it takes: what’s the impact of a major nonconventional monetary policy intervention?," Working Paper Series 2249, European Central Bank.
- Stefan Jacewitz & Haluk Unal & Chengjun Wu, 2022.
"Shadow Insurance? Money Market Fund Investors and Bank Sponsorship [Do global banks spread global imbalances? Asset-backed commercial paper during the financial crisis of 2007–09],"
The Review of Corporate Finance Studies, Society for Financial Studies, vol. 11(2), pages 414-456.
- Stefan Jacewitz & Haluk Unal & Chengjun Wu, 2021. "Shadow Insurance? Money Market Fund Investors and Bank Sponsorship," Research Working Paper RWP 21-07, Federal Reserve Bank of Kansas City.
- Andrea Roncella & Ignacio Ferrero, 2020. "A MacIntyrean Perspective on the Collapse of a Money Market Fund," Journal of Business Ethics, Springer, vol. 165(1), pages 29-43, August.
- Roberto Robatto, 2019.
"Systemic Banking Panics, Liquidity Risk, and Monetary Policy,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 20-42, October.
- Roberto Robatto, 2019. "Online Appendix to "Systemic Banking Panics, Liquidity Risk, and Monetary Policy"," Online Appendices 18-235, Review of Economic Dynamics.
- Chen, Jiakai, 2022. "Market discipline and regulatory arbitrage: Evidence from ABCP liquidity guarantors," Journal of Banking & Finance, Elsevier, vol. 145(C).
- Kenny, Seán & Lennard, Jason & Turner, John D., 2021.
"The macroeconomic effects of banking crises: Evidence from the United Kingdom, 1750–1938,"
Explorations in Economic History, Elsevier, vol. 79(C).
- Kenny, Seán & Lennard, Jason & Turner, John D., 2017. "The macroeconomic effects of banking crises: Evidence from the United Kingdom, 1750-1938," QUCEH Working Paper Series 2017-09, Queen's University Belfast, Queen's University Centre for Economic History.
- Kenny, Seán & Lennard, Jason & Turner, John D., 2021. "The macroeconomic effects of banking crises: evidence from the United Kingdom, 1750–1938," LSE Research Online Documents on Economics 106585, London School of Economics and Political Science, LSE Library.
- Jason Lennard & Seán Kenny & John D. Turner, 2017. "The Macroeconomic Effects of Banking Crises: Evidence from the United Kingdom, 1750-1938," National Institute of Economic and Social Research (NIESR) Discussion Papers 478, National Institute of Economic and Social Research.
- Kenny, Seán & Lennard, Jason & Turner, John D., 2017. "The Macroeconomic Effects of Banking Crises: Evidence from the United Kingdom, 1750-1938," Lund Papers in Economic History 165, Lund University, Department of Economic History.
- Timmermann, Allan & Schmidt, Lawrence & , & Wermers, Russ, 2017. "Transparency, Investor Information Acquisition, and Money Market Fund Risk Rebalancing during the 2011-12 Eurozone Crisis," CEPR Discussion Papers 11895, C.E.P.R. Discussion Papers.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2021-12-13 (Banking)
- NEP-REG-2021-12-13 (Regulation)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedgsq:93418. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ryan Wolfslayer ; Keisha Fournillier (email available below). General contact details of provider: https://edirc.repec.org/data/frbgvus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.