Center for Financial Innovation and Stability
The purpose of the Center for Financial Innovation and Stability is to improve knowledge of financial innovation and financial stability as well as the connection between the two, especially as it pertains to Federal Reserve policymaking.
Liquidity Regulation and Financial StabilityU.S. bank supervisors are adopting regulations intended to limit banks' provision of liquidity and maturity transformation services. A new Notes from the Vault post raises questions about these regulations' overall contribution to financial stability.
The Impact of Regulation on Monetary PolicyBanking regulation can have unintended consequences for the conduct of monetary policy. A new Notes from the Vault discusses two regulatory actions that may impair the cost-effectiveness of the FOMC's preferred tool for normalizing monetary policy.
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Center for Quantitative Economic Research (CQER)
Fostering empirical research in economics and policy forecasting models.