This brief reviews components of large U.S. bank Liquidity Coverage Ratios since 2017, with emphasis on the effects of the market turbulence in early 2020 (Brief no. 24-02).
U.S. money market funds, an important source of short-term funding to the financial system, saw record inflows and aggregate net assets in 2023.
https://www.financialresearch.gov/the-ofr-blog/2024/03/26/us-money-market-funds-at-end-of-2023/
High-quality theoretical and empirical paper presentations of young scholars on the future of financial stability.
https://www.financialresearch.gov/conferences/2024/03/21/rising-scholars-conference/
The OFR and the Review of Corporate Finance Studies will host the annual Rising Scholars Conference on May 3, 2024, in Washington, D.C.
https://www.financialresearch.gov/press-releases/2024/03/21/rising-scholars-conference-announcement/
The UPI became a required data element under SEC and CFTC rules for recordkeeping and data reporting for all new and existing OTC derivatives swap transactions.
https://www.financialresearch.gov/the-ofr-blog/2024/03/19/ofr-congratulates-cftc-sec/
Lenders decide whether to enforce upon borrower breach of covenants. These decisions imply that lenders value borrower relationships at 11% of loan principal.
https://www.financialresearch.gov/the-ofr-blog/2024/03/06/lenders-value-borrower-relationships/
In this paper, the authors estimate, for the first time, the economic value of lenders’ relationships to borrowers. (Working Paper no. 24-02).
https://www.financialresearch.gov/working-papers/2024/03/05/the-value-of-lending-relationships/
This brief documents the uneven distribution of climate risk and risk pricing in real estate at the property-level (Brief no. 24-01).
https://www.financialresearch.gov/briefs/2024/02/28/climate-risks-discounts/
In OTC markets, dealers facilitate trade by providing liquidity. This paper presents a model and empirical results that link dealers’ relationships to liquidity.
A model and empirical tests show that the density of the intermediation network impacts dealer-provided liquidity and affects the cost of trade differentially (Working Paper no. 24-01).