The recent expansion of the balance sheet of the consolidated Federal Reserve Banks (FRB) is analyzed in an historical context. The analysis reveals that the nature of Fed involvement in ...
Public pension plans are probably the largest financial transaction systems that we have. In OECD countries their expenditure ranges from 5 to 15 percent, and their liabilities, as a rough ...
Yes. By using the comprehensive Bank Lending Survey from the euro Area – where there are time and cross-country variation of the stance of monetary policy – this paper identifies
Most financial institutions in the European Union (EU) are still based in one country, but a number of large financial institutions (LCFI) have systemic cross-border exposures. The paper explains ...