Jacques Polak Research Conference at the IMF
Financial Frictions and Macroeconomic Adjustment
Washington DC, November 5—6, 2009
Session 4: Asset Prices and Crises
Chair: Jan Brockmeijer (Deputy Director, Monetary and Capital Markets Department, IMF)
Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007–09
Viral Acharya (New York University, NBER and [...]
Filed in Creativity, Liquidity, Open engines, Regulatory, Restructuring, Transparency
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Also tagged accounting, BofA, Citi, credit ratings, regulatory abritrage, Regulatory capture, SIVs
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Thursday, November 5, 2009
Balance Sheet Adjustment
Zhiguo He (University of Chicago), In Gu Khang (Northwestern University) and Arvind Krishnamurthy(Northwestern University and NBER)
Discussant: Nicolae Garleanu (University of California, Berkeley, NBER and CEPR)
Arvind mentioned that having better data would make this analysis more useful and that the Federal Reserve Bank of New York would have the data from the stress tests… [...]
XBRL for Dummies
One of the easist ways to create transparency in financial markets is to break documents or processes into pieces and tag them… this is the approach that FIX, the standard for electronic trading of securities takes and XBRL does for financial reporting…
Some have suggested this approach for asset backed securities… the products which [...]
Wednesday, April 29, 2009
~~~~”McDaniel this month defended the credit raters’ issuer-pay model at an SEC roundtable in Washington, saying that investors can pressure ratings companies just as easily as underwriters….”*~~~~
This will become the central argument in defense of the “issuer pay” model for credit ratings agencies….
The SEC receives information from credit rating agencies as part of its Form [...]
Filed in Launching..., Open engines, Regulatory, Restructuring, Transparency
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Also tagged Bear, BofA, CDO, Citi, Congress, dealers, Fitch, Goldman Sachs, JP Morgan, Lehman, MBS, Merrill, Moodys, Morgan Stanley, NRSRO, ratings, S&P, SEC
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