Discover and read the best of Twitter Threads about #FinancialStability
Most recents (9)
What is the relationship between interest rates, financial stability, and the macroeconomy? In a three post series with
@ozgeakinci @BenignoGianluca Ethan Nourbash and @Albert_Queralto we look into this arguably timely question #interestrates #monetarypolicy #financialstability
@ozgeakinci @BenignoGianluca Ethan Nourbash and @Albert_Queralto we look into this arguably timely question #interestrates #monetarypolicy #financialstability
In the first post Financial Vulnerability and Macroeconomic Fragility we argue that the effects of an increase in interest rates on the macroeconomy depends on how vulnerable the financial system is libertystreeteconomics.newyorkfed.org/2023/05/financ… 2/n
We also propose a new measure of financial system vulnerability, the Financial (In)Stability Real Interest Rate, r**, based precisely on the question: How large an interest rate increase can the financial system take before entering a crisis?
newyorkfed.org/medialibrary/m… 3/n
newyorkfed.org/medialibrary/m… 3/n
1/8 Witness the intriguing parallel between USDC insolvency concerns & Marriner Eccles's strategy during the Great Depression. Both emphasize trust in financial systems. #stablecoin #financialhistory
USDC issuers, led by Circle, hit pause on withdrawals to gather capital in response to insolvency concerns. They took a page from history to handle the crisis. #cryptocurrency #crisismanagement
Historical context: Marriner Eccles, a prominent banker during the Great Depression, used a clever strategy to control teller cash payouts, restoring confidence in the banking system. #GreatDepression #banking
A week ago, after hearing #ChairPowell’s testimony before Congress, all eyes were set to be on today’s #inflation data, which presumably would help market participants better understand the #FOMC’s policy reaction at its March 22nd meeting.
What a difference a week makes these days! Of course, all eyes are still on today’s data, but now there are many other things we need to consider (such as #FinancialStability concerns), when judging the reaction function of the @federalreserve.
As we have long contended, #markets tend to be fairly myopic and lacking in patience, so having to focus on more than one news item at a time causes tremendous #uncertainty and thus greater market #volatility.
Daily Bookmarks to GAVNet 04/14/2022 greeneracresvaluenetwork.wordpress.com/2022/04/14/dai…
Governance Games
anthonyleezhang.substack.com/p/governance-g…
#GovernanceGames, #AggregateChoice, #AggregatePreference, #gamification
anthonyleezhang.substack.com/p/governance-g…
#GovernanceGames, #AggregateChoice, #AggregatePreference, #gamification
The war in Ukraine is exposing gaps in the world's food-systems research
nature.com/articles/d4158…
#RussiaUkraine, #GlobalFoodSystems, #ResearchResults, #FoodSecurity
nature.com/articles/d4158…
#RussiaUkraine, #GlobalFoodSystems, #ResearchResults, #FoodSecurity
Speeches are an important element of central bank communication. After two years at the @ecb’s Executive Board, I would like to present a selection of the most relevant of my (more than 30) speeches in a long thread🧵. 1/18
There are several categories of speeches: (1) on #MonetaryPolicy, explaining current policy considerations, (2) on #Narratives about monetary policy, and on the relationship of monetary policy & (3) #FiscalPolicy, (4) #FinancialStability, (5) #Inequality, (6) #ClimateChange. 2/18
#MonetaryPolicy: There are too many speeches to list them all, so let me select a few: on the ECB’s response to the pandemic (6 Apr 2020), mentioning (AFAIK) the concept of the euro area GDP-weighted yield curve for the first time: 3/18 ecb.europa.eu/press/key/date…
Daily Bookmarks to GAVNet 11/20/2021 greeneracresvaluenetwork.wordpress.com/2021/11/20/dai…
When All The Media Narratives Collapse andrewsullivan.substack.com/p/when-all-the…
#media #narratives #collapse #FakeNews #journalism
#media #narratives #collapse #FakeNews #journalism
Scientists create artificial neural networks that detect symmetry and patterns techxplore.com/news/2021-11-s…
#NeuralNetworks #artificial #symmetry #patterns #MachineLearning #ResearchResults
#NeuralNetworks #artificial #symmetry #patterns #MachineLearning #ResearchResults
Lets talk about the #FED's #Outlook on #US & #Global #Growth & where it sees #MonetaryPolicy #Regulation & #Supervision going given the #Zero / #EffectiveLowerBound...
Yesterday, 6th February 2020, the #FederalReserve (FED) Vice Chair for #Supervision addressed the #Money Marketeers of #NewYorkUniversity in #NewYork. His address, in the form of a speech, was coined "The #Economic Outlook, #MonetaryPolicy, and the Demand for #Reserves"...
Considering that the #FED is one of the most influential #CentralBanks in the world, it pays to get as much information from them as possible, especially when it comes to #monetarypolicy conduct and the #Global impacts thereof...
Lets talk about how important it is to frequently #Review #CentralBank #MonetaryPolicy #Frameworks...
I will set things off by pointing out that the various facets of #BusinessCycles (early, mid, late / boom & busts) consistently keep reminding us that what goes up, must come down. We might find ourselves in a prolonged #expansion, but eventually it decelerates into a #recession
As part of #Macroeconomic management (counter cyclical), a #CentralBank's objective (through its #MonetaryPolicy) is to maintain #PriceStability & #FinancialStability & in other cases, to promote #FullEmployment. It does this hand in hand with #FiscalPolicy...
"#Macroprudential policies could be increased to enhance the resilience of the financial system" brookings.edu/research/finan… in "Financial conditions and GDP growth-at-risk" Adrian, Liang, et al. @BrookingsInst @IMFNews 
GaR: "growth at risk" and general equilibrium models with macrofinancial linkages brookings.edu/wp-content/upl… @BrookingsInst @IMFNews @MacroFinanceSoc Liang, Adrian, et al
"A structural model would be needed to evaluate how #macroprudential policies could be used to affect GaR. In aspiration, #macroprudential policies could aim to tighten financial conditions when conditional expected growth and GaR are relatively high ... " brookings.edu/wp-content/upl…
