FEDS Paper: QE, Bank Liquidity Risk Management, and Non-Bank Funding: Evidence from U.S. Administrative Data

Matthew R. Darst, Sotirios Kokas, Alexandros Kontonikas, Jose-Luis Peydro, and Alexandros P. VardoulakisWe show that the effectiveness of unconventional monetary policy is limited by how banks adjust credit supply and manage liquidity risk in response to fragile non-bank funding. For identification, we use granular U.S. administrative data on deposit accounts and loan-level commitments, matched with bank-firm supervisory balance sheets.

Skill-Based Online Casino Games: The New Trend in Online Gambling

Gone are the days when players prioritized luck games over skill. Though online casinos have undergone significant changes with the advanced technologies and development in the last decade, one notable growth is the rise of skill-based games, where players can exhibit their strategies and skills at casino games rather than relying on mere luck. Skill-based ... Read more

Best Free Slots With Bonus and Free Spins 2025

The evolution of modern technologies has brought an incredible transformation in the gambling sector. The benefits of online gambling platforms, like innovative game experiences, accessibility, and convenience, have increased the demand for online casinos among players. To impress players and enthusiasts, the developers are creating numerous online casinos by including different features and making it ...

FEDS Paper: Effect of the GSIB surcharge on the systemic risk posed by the activities of GSIBs

Marco Migueis, Sydney PeirceThis study assesses whether the introduction of the GSIB surcharge requirement resulted in GSIBs reducing the systemic risk posed by their activities. We find limited evidence of GSIBs managing their activities to avoid increases in their surcharges. For a sample of international banks, proximity to surcharge thresholds is associated to a decrease in the growth of intra-financial system liabilities, underwriting activities, and holdings of trading and available-for-sale securities.

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