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Addressing Market Liquidity: A Broader Perspective On Today’s Bond Markets
Addressing Market Liquidity: A Broader Perspective On Today’s Bond Markets by BlackRock Over the past few years, much has been written about bond market liquidity.1Most of the reports cite some...
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New York Fed Suggests Large Asset Managers Are Systemic Risk Due To Runs
As the debate regarding classifying large asset managers as systemically significant institutions – and subjecting them to a hoard of additional regulations – rages, the New York Federal Reserve weighs...
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Why Are Big Banks Getting Bigger?
Why Are Big Banks Getting Bigger? Ricardo T. Fernholz Claremont Colleges – Claremont McKenna College Christoffer Koch Federal Reserve Bank of Dallas February 18, 2016 Abstract: The U.S. banking sector...
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A Framework For Assessing The Systemic Risk Of Major Financial Institutions
A Framework For Assessing The Systemic Risk Of Major Financial Institutions Xin Huang Board of Governors of the Federal Reserve System Hao Zhou Tsinghua University – PBC School of Finance Haibin Zhu...
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OFR: Counterparty Concentrations And Systemic Losses In CDS Markets
Stressed To The Core: Counterparty Concentrations And Systemic Losses In CDS Markets by Office of Financial Research Jill Cetina Office of Financial Research Sriram Rajan Office of Financial Research...
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Negative Rates Raise Systemic Risk For Eurozone: Oxford Economics
The world has been keeping a close watch on all the markets in which their central banks have adopted negative rates, and there is some debate about their effectiveness. Most do agree, however, that...
View ArticleCyber Insurance: A Guide For Policymakers – BPC
Cyber Insurance: A Guide For Policymakers by BPC Washington, D.C. – The market for cyber insurance, a product that did not even exist before the mid-1990s, is booming. A new report from the Bipartisan...
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UBS Hands Wells Fargo Sell Rating On Coverage Initiation But Misses Key Point
What was missing when UBS handed Wells Fargo a sell rating when it initiated coverage today? Perhaps one of the most interesting points of reading bank research is when one big bank downgrades or...
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Form PF And Hedge Funds: Risk-Measurement Precision For Option Portfolios
Form PF and Hedge Funds: Risk-measurement Precision for Option Portfolios by OFR Mark D. Flood Office of Financial Research Phillip Monin Office of Financial Research Abstract The Securities and...
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Generalists And Specialists In The Credit Market
Generalists And Specialists In The Credit Market Daniel Fricke University of Oxford – Said Business School; Institute for New Economic Thinking at the Oxford Martin School; Kiel Institute for the World...
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Inevitable Shift In Systemic Risk – There For The Right Reasons
Inevitable Shift In Systemic Risk – There For The Right Reasons by Ben Hunt, Salient Partners A quick follow-up to “Hobson’s Choice”, the most widely-read note in the Epsilon Theory canon to date...
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Rethinking Corporate Governance For A Bondholder Financed, Systemically Risky...
Rethinking Corporate Governance For A Bondholder Financed, Systemically Risky World Steven L. Schwarcz Duke University School of Law March 24, 2016 Duke Law School Public Law & Legal Theory Series...
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Stopping Contagion With Bailouts – OFR
Stopping Contagion With Bailouts: Microevidence From Pennsylvania Bank Networks During The Panic Of 1884 John Bluedorn International Monetary Fund Haelim Park Office of Financial Research March 30,...
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Financial Stability Oversight Council Reform Or Abolition?
Financial Stability Oversight Council Reform Or Abolition? Richard Christopher Whalen Kroll Bond Rating Agency; Villanova Finance Department Advisory Committee; Economic Advisory Committee of FINRA;...
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Goldman Sachs and IMF View Deutsche Bank Risk Very Differently
After failing the US Federal Reserve’s stress test due to a qualitative review that cited poor risk management and financial planning, opinions on what’s going on at Deutsche Bank vary. The...
View ArticleThe Causes Of Systemic Risk – And Ways To Prevent Them
The Causes Of Systemic Risk – And Ways To Prevent Them by Knowledge@Wharton As the U.K.’s vote to leave the European Union shows, the act of one nation could have widespread implications around the...
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BitCoin’s Roller Coaster: Systemic Risk and Market Sentiment
BitCoin’s Roller Coaster: Systemic Risk and Market Sentiment Panagiota K. Makrichoriti Athens University of Economics and Business – Department of Accounting and Finance George Moratis Athens...
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Systemic Risk, Policies, And Data Needs
Systemic Risk, Policies, And Data Needs Agostino Capponi Columbia University July 6, 2016 INFORMS Tutorials in Operations Research, Forthcoming Abstract: The study of financial system stability is of...
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Ray Dalio’s Economic Machine vs The Narrative Machine
Ray Dalio’s Economic Machine vs The Narrative Machine by Ben Hunt Alex: There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to...
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DEUTSCHE BANK – HERE BE DRAGONS, NOT
DEUTSCHE BANK (NYSE:DB) – HERE BE DRAGONS, NOT Originally at IBankCoin. Reposted with permission “Here be Dragons” means dangerous or unexplored territories, in imitation of the medieval practice of...
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