 | Pre- and Post-GFC Policy Multipliers Author/Editor: Sam Ouliaris, Celine Rochon. Release Date:November, 2020 This paper estimates the change in policy multipliers in the U.S. relative to their pre-2008 financial crisis levels using an augmented Blanchard-Perotti model to allow for the dynamic effects of more...
| Price: $18.00
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| Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment Author/Editor: Ralph Chami, Thomas F Cosimano, Celine Rochon, Julieta Yung. Release Date:March, 2020 Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by more...
| Price: $18.00
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| The U.S. Personal Saving Rate Author/Editor: Sam Ouliaris, Celine Rochon. Release Date:June, 2018 This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then uses the model to test whether there has been a structural break in consumption more...
| Price: $18.00
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| Back to the Future: The Nature of Regulatory Capital Requirements Author/Editor: Ralph Chami, Thomas F Cosimano, Emanuel Kopp, Celine Rochon. Release Date:August, 2017 This paper compares the current regulatory capital requirements under the Dodd-Frank Act (DFA) and the 10-percent leverage ratio, as proposed by the U.S. Treasury and the U.S. House of more...
| Price: $18.00
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 | Fintech and Financial Services : Initial Considerations Author/Editor: Dong He, Ross B Leckow, Vikram Haksar, Tommaso Mancini Griffoli, Nigel Jenkinson, Mikari Kashima, Tanai Khiaonarong, Celine Rochon, Hervé Tourpe. Release Date:June, 2017 A new wave of technological innovations, often called “fintech,” is accelerating change in the financial sector. What impact might fintech have on financial services, and how should regulation more...
| Price: $10.00
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| What's Different about Bank Holding Companies? Author/Editor: Ralph Chami, Thomas F Cosimano, Jun Ma, Celine Rochon. Release Date:February, 2017 The recent fnancial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in transmitting monetary policy beyond the local economy to global markets. Yet, little more...
| Price: $18.00
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| Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline Author/Editor: Connel Fullenkamp, Celine Rochon. Release Date:September, 2014 Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital requirements need to be simpler, and resolution should be an essential part of the capital more...
| Price: $18.00
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| Optimal Maturity Structure of Sovereign Debt in Situation of Near Default Author/Editor: Gabriel Desgranges, Celine Rochon. Release Date:September, 2014 We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under uncertainty. The Sovereign faces a trade-off between a future costly default and a more...
| Price: $18.00
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| Conformism and Public News Author/Editor: Celine Rochon, Gabriel Desgranges. Release Date:February, 2011 We study a model where investment decisions are based on investors’ information about the unknown and endogenous return of the investment. The information of investors consists of endogenously more...
| Price: $18.00
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| A Real Model of Transitional Growth and Competitiveness in China Author/Editor: Leslie Lipschitz, Genevieve Verdier, Celine Rochon. Release Date:April, 2008 We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that more...
| Price: $18.00
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