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Economic Policy Review Executive Summaries
Economic Policy Review articles in abridged form
 
 
2009 Executive Summaries
Economic Policy Review
July   Volume 15, Number 1

Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers
Andrew F. Haughwout and Ebiere Okah

2008 Executive Summaries
Economic Policy Review
September   Volume 14, Number 2

Intraday Liquidity Management:
A Tale of Games Banks Play

Morten L. Bech

An Economic Analysis of Liquidity-Saving Mechanisms
Antoine Martin and James McAndrews

Divorcing Money from Monetary Policy
Todd Keister, Antoine Martin, and James McAndrews

Global Trends in Large-Value Payments
Morten L. Bech, Christine Preisig, and Kimmo Soramäki

Changes in the Timing Distribution of Fedwire Funds Transfers
Olivier Armantier, Jeffrey Arnold, and James McAndrews

Understanding Risk Management in Emerging Retail Payments
Michele Braun, James McAndrews, William Roberds, and Richard Sullivan

An Economic Perspective on the Enforcement of Credit Arrangements: The Case of Daylight Overdrafts in Fedwire
Antoine Martin and David C. Mills

Economic Policy Review
July   Volume 14, Number 1

Signal or Noise? Implications of the Term Premium
for Recession Forecasting

Joshua V. Rosenberg and Samuel Maurer

Why the U.S. Treasury Began Auctioning Treasury Bills
in 1929

Kenneth D. Garbade

2007 Executive Summaries
Economic Policy Review
December   Volume 13, Number 3

Hedge Funds, Financial Intermediation, and Systemic Risk
John Kambhu, Til Schuermann, and Kevin J. Stiroh

A Comparison of Measures of Core Inflation
Robert Rich and Charles Steindel

The Role of Retail Banking in the U.S. Banking Industry: Risk, Return, and Industry Structure
Timothy Clark, Astrid Dick, Beverly Hirtle, Kevin Stiroh, and Robard Williams

Economic Policy Review
March   Volume 13, Number 1

Financial Sector FDI and Host Countries: New and Old Lessons
Linda S. Goldberg

Trends in Financial Market Concentration and Their Implications for Market Stability
Nicola Cetorelli, Beverly Hirtle, Donald Morgan, Stavros Peristiani, and João Santos

The Emergence of “Regular and Predictable” as a Treasury Debt Management Strategy
Kenneth D. Garbade

2006 Executive Summaries
Economic Policy Review
May   Volume 12, Number 1

Trading Risk, Market Liquidity, and Convergence Trading
in the Interest Rate Swap Spread

John Kambhu

Local or State? Evidence on Bank Market Size Using Branch Prices
Paul Edelstein and Donald P. Morgan

The Evolution of Repo Contracting Conventions in the 1980s
Kenneth D. Garbade

2005 Executive Summaries
Economic Policy Review
December   Volume 11, Number 2

Exogenous Shocks and the Dynamics of City Growth:
Evidence from New York

Andrew F. Haughwout and Bess Rabin

2004 Executive Summaries
Economic Policy Review
December   Volume 10, Number 3

Are Home Prices the Next "Bubble"?
Jonathan McCarthy and Richard W. Peach

The Historical and Recent Behavior of Goods
and Services Inflation

Richard Peach, Robert Rich, and Alexis Antoniades

Origins of the Federal Reserve Book-Entry System
Kenneth D. Garbade

Economizing on Liquidity with Deferred Settlement Mechanisms
Kurt Johnson, James J. McAndrews, and Kimmo Soramäki

Economic Policy Review
May   Volume 10, Number 1

Industry-Specific Exchange Rates for the United States
Linda S. Goldberg

Exchange Rate Changes and Net Positions of Speculators in the Futures Market
Thomas Klitgaard and Laura Weir

The Institutionalization of Treasury Note and Bond Auctions, 1970-75
Kenneth D. Garbade
 
2003 Executive Summaries
Economic Policy Review
September   Volume 9, Number 3

What Market Risk Capital Reporting Tells Us about Bank Risk
Beverly J. Hirtle

Measuring Treasury Market Liquidity
Michael J. Fleming
Economic Policy Review
Special Issue: "Corporate Governance: What Do We Know, and What Is Different about Banks?"
April   Volume 9, Number 1

Is Corporate Governance Different for Bank Holding Companies?
Renée Adams and Hamid Mehran
 
2002 Executive Summaries

Economic Policy Review
Special Issue: "The Economic Effects of September 11"
November   Volume 8, Number 2

Measuring the Effects of the September 11 Attack on New York City
Jason Bram, James Orr, and Carol Rapaport

What Will Homeland Security Cost?
Bart Hobijn

When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11

Michael J. Fleming and Kenneth D. Garbade

Liquidity Effects of the Events of September 11, 2001
James J. McAndrews and Simon M. Potter

Has September 11 Affected New York City's Growth Potential?
Jason Bram, Andrew Haughwout, and James Orr

Terrorism and the Resilience of Cities
James Harrigan and Philippe Martin

Economic Policy Review
Proceedings of the conference "Financial Innovation and Monetary Transmission"
May   Volume 8, Number 1

Are Reserve Requirements Still Binding?
Paul Bennett and Stavros Peristiani

Assessing Changes in the Monetary Transmission Mechanism: A VAR Approach
Jean Boivin and Marc Giannoni

Monetary Policy Transmission through the Consumption-Wealth Channel
Sydney Ludvigson, Charles Steindel, and Martin Lettau

Monetary Policy Transmission to Residential Investment
Jonathan McCarthy and Richard W. Peach

On the Causes of the Increased Stability of the U.S. Economy
James A. Kahn, Margaret M. McConnell, and Gabriel Perez-Quiros

Credit Effects in the Monetary Mechanism
Cara S. Lown and Donald P. Morgan

Securitization and the Efficacy of Monetary Policy
Arturo Estrella