The Basel Committee periodically reviews frequently asked questions (FAQs) on its standards and publishes answers to these together with technical elaboration of the rules text and interpretative guidance where necessary. These aim to promote consisten...
Elliot Anenberg, Aurel Hizmo, Edward Kung, and Raven Molloy | We construct a new measure of mortgage credit availability that describes the maximum amount obtainable by a borrower of given characteristics. We estimate this "loan frontier" using mortgag...
Robert Kurtzman, Stephan Luck, and Tom Zimmermann | Using confidential loan officer survey data on lending standards and internal risk ratings on loans, we document an effect of large-scale asset purchase programs (LSAPs) on lending standards and risk-...
Martin Bodenstein and Junzhu Zhao | Speed limit policy, a monetary policy strategy that focuses on stabilizing inflation and the change in the output gap, consistently delivers better welfare outcomes than flexible inflation targeting or flexible price...
Executive summary1While the introduction of the Liquidity Coverage Ratio and Net Stable Funding Ratio have made the measurement of liquidity across banks and jurisdictions significantly more comparable and consistent, the ratios in isolation do not cap...
G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivatives contracts should be reported to trade repositories (TRs) as part of their commitment to reform OTC derivatives markets in order to improve transparency, mitigate systemic risk and p...
Wayne Passmore and Alexander H. von Hafften | The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation when first developed during the Great Depression. However, it has three major flaws. Firs...
Jane Ihrig, Edward Kim, Ashish Kumbhat, Cindy Vojtech, and Gretchen C. Weinbach | Leading up to 2014, banks generally increased their holdings of excess reserves as they moved to become compliant with the liquidity coverage ratio (LCR) requirement. How...
This is an annual publication that provides data on payments and payment, clearing and settlement systems in the CPMI countries.This version of the statistical update contains data for 2016 and earlier years. There are detailed tables for each individu...
Protracted low interest rates have put significant strain on some life insurers. This paper outlines how low interest rates can adversely affect life insurers, as well as the range of tools that supervisors can use to identify and quantify such effects...