The Interplay Among Financial Regulations, Resilience, and Growth FRB of Philadelphia (2018-02-20)
Interconnectedness has been an important source of market failures, leading to the recent financial crisis. Large financial institutions tend to have similar exposures and thus exert externalities on each other through v .. more |
Why Has the Stock Market Risen So Much Since the US Presidential Election? PIIE (2018-02-20)
Immediately following the US presidential election in November 2016, many economists were concerned that increased uncertainty over economic policy would lead to a decline in the US stock market. From the time of the ele .. more |
Mapping shadow banking in China: structure and dynamics BIS (2018-02-20)
We develop a stylised shadow banking map for China with the aim of providing a coherent picture of its structure and the associated financial system interlinkages. Five key characteristics emerge. One defining feature of .. more |