FedResearch
@fedresearch.federalreserve.gov
The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors
https://www.federalreserve.gov/econres.htm
https://www.federalreserve.gov/econres.htm
The authors analyze firms' IPO decisions using detailed financial data on US private firms. They find that firms with higher external capital needs are more likely to go public. (1/4) www.federalreserve.gov/econres/feds... #FEDSPaper #EconSky
Access to Capital and the IPO Decision: An Analysis of US Private Firms
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 26, 2025 at 3:38 PM
The authors analyze firms' IPO decisions using detailed financial data on US private firms. They find that firms with higher external capital needs are more likely to go public. (1/4) www.federalreserve.gov/econres/feds... #FEDSPaper #EconSky
New #FEDSPaper: Cyber Vulnerabilities at Large US Financial Institutions and Their Third-Party Service Providers: www.federalreserve.gov/econres/feds...
Cyber Vulnerabilities at Large US Financial Institutions and Their Third-Party Service Providers
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 25, 2025 at 9:12 PM
New #FEDSPaper: Cyber Vulnerabilities at Large US Financial Institutions and Their Third-Party Service Providers: www.federalreserve.gov/econres/feds...
ICYMI: This #FEDSPaper finds that the optimal settlement speed is determined by the network structure and the trade-off between netting efficiency and liquidity costs on one hand, and the probability of counterparty defaults on the other. (1/3) www.federalreserve.gov/econres/feds...
Settlement Speed and Financial Stability
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 25, 2025 at 3:33 PM
ICYMI: This #FEDSPaper finds that the optimal settlement speed is determined by the network structure and the trade-off between netting efficiency and liquidity costs on one hand, and the probability of counterparty defaults on the other. (1/3) www.federalreserve.gov/econres/feds...
New #FEDSNote details the state of consumer delinquency rates as of 2025 Q3: www.federalreserve.gov/econres/note...
A Note on Recent Dynamics of Consumer Delinquency Rates
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 25, 2025 at 3:25 PM
New #FEDSNote details the state of consumer delinquency rates as of 2025 Q3: www.federalreserve.gov/econres/note...
ICYMI: Researchers analyze the mutual fund to ETF conversions and find that increases in ETF ownership lead to significant decreases in stock volatility, contrary to concerns that the shift from mutual fund to ETFs might increase stock price volatility. (1/2) www.federalreserve.gov/econres/note...
Implications of Growth in ETFs: Evidence from Mutual Fund to ETF Conversions
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 25, 2025 at 3:22 PM
ICYMI: Researchers analyze the mutual fund to ETF conversions and find that increases in ETF ownership lead to significant decreases in stock volatility, contrary to concerns that the shift from mutual fund to ETFs might increase stock price volatility. (1/2) www.federalreserve.gov/econres/note...
This #FEDSPaper finds that the optimal settlement speed is determined by the network structure and the trade-off between netting efficiency and liquidity costs on one hand, and the probability of counterparty defaults on the other. (1/3) www.federalreserve.gov/econres/feds... #EconSky
Settlement Speed and Financial Stability
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 20, 2025 at 5:28 PM
This #FEDSPaper finds that the optimal settlement speed is determined by the network structure and the trade-off between netting efficiency and liquidity costs on one hand, and the probability of counterparty defaults on the other. (1/3) www.federalreserve.gov/econres/feds... #EconSky
ICYMI: New #FEDSPaper: Central Bank Access and Flight to Safety: www.federalreserve.gov/econres/feds... #EconSky
Central Bank Access and Flight to Safety
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 19, 2025 at 6:13 PM
ICYMI: New #FEDSPaper: Central Bank Access and Flight to Safety: www.federalreserve.gov/econres/feds... #EconSky
Researchers analyze the mutual fund to ETF conversions and find that increases in ETF ownership lead to significant decreases in stock volatility, contrary to concerns that the shift from mutual fund to ETFs might increase stock price volatility. (1/2) www.federalreserve.gov/econres/note...
Implications of Growth in ETFs: Evidence from Mutual Fund to ETF Conversions
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 19, 2025 at 5:30 PM
Researchers analyze the mutual fund to ETF conversions and find that increases in ETF ownership lead to significant decreases in stock volatility, contrary to concerns that the shift from mutual fund to ETFs might increase stock price volatility. (1/2) www.federalreserve.gov/econres/note...
New #FEDSPaper: Central Bank Access and Flight to Safety: www.federalreserve.gov/econres/feds...
Central Bank Access and Flight to Safety
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 14, 2025 at 8:57 PM
New #FEDSPaper: Central Bank Access and Flight to Safety: www.federalreserve.gov/econres/feds...
ICYMI: New #FEDSNote: What Drives the Substitution Between Bank Deposits and Money Market Funds? www.federalreserve.gov/econres/note...
What Drives the Substitution Between Bank Deposits and Money Market Funds?
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 13, 2025 at 9:09 PM
ICYMI: New #FEDSNote: What Drives the Substitution Between Bank Deposits and Money Market Funds? www.federalreserve.gov/econres/note...
ICYMI: This #FEDSNote provides a novel view on market functioning and argues for the importance of monitoring large directional order flow in understanding notable price moves during periods when liquidity is severely strained. www.federalreserve.gov/econres/note...
Order Flow Imbalances and Amplification of Price Movements: Evidence from U.S. Treasury Markets
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 12, 2025 at 7:34 PM
ICYMI: This #FEDSNote provides a novel view on market functioning and argues for the importance of monitoring large directional order flow in understanding notable price moves during periods when liquidity is severely strained. www.federalreserve.gov/econres/note...
New #FEDSNote: What Drives the Substitution Between Bank Deposits and Money Market Funds? www.federalreserve.gov/econres/note... #EconSky
What Drives the Substitution Between Bank Deposits and Money Market Funds?
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 6, 2025 at 9:54 PM
New #FEDSNote: What Drives the Substitution Between Bank Deposits and Money Market Funds? www.federalreserve.gov/econres/note... #EconSky
ICYMI: New #FEDSPaper: Do the Rich Really Save More? Answering an Old Question Using the SCF with Direct Measures of Lifetime Earnings and an Expanded Wealth Concept: www.federalreserve.gov/econres/feds... #EconSky
Do the Rich Really Save More? Answering an Old Question Using the SCF with Direct Measures of Lifetime Earnings and an Expanded Wealth Concept
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 6, 2025 at 8:13 PM
ICYMI: New #FEDSPaper: Do the Rich Really Save More? Answering an Old Question Using the SCF with Direct Measures of Lifetime Earnings and an Expanded Wealth Concept: www.federalreserve.gov/econres/feds... #EconSky
New #FEDSPaper: The Federal Reserve's Response to the 2023 Banking Turmoil: The Bank Term Funding Program: www.federalreserve.gov/econres/feds... #EconSky
The Federal Reserve's Response to the 2023 Banking Turmoil: The Bank Term Funding Program
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 6, 2025 at 6:45 PM
New #FEDSPaper: The Federal Reserve's Response to the 2023 Banking Turmoil: The Bank Term Funding Program: www.federalreserve.gov/econres/feds... #EconSky
ICYMI: New #FEDSPaper: Understanding Preferences for Payment Cards using Household Scanner Data: www.federalreserve.gov/econres/feds... #EconSky
Understanding Preferences for Payment Cards using Household Scanner Data
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 5, 2025 at 7:40 PM
ICYMI: New #FEDSPaper: Understanding Preferences for Payment Cards using Household Scanner Data: www.federalreserve.gov/econres/feds... #EconSky
ICYMI: Learn about the types and usage of alternative data in financial services and technological developments and practices that make alternative data more accessible in the latest issue of Consumer & Community Context: www.federalreserve.gov/publications...
Consumer & Community Context
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 5, 2025 at 3:16 PM
ICYMI: Learn about the types and usage of alternative data in financial services and technological developments and practices that make alternative data more accessible in the latest issue of Consumer & Community Context: www.federalreserve.gov/publications...
ICYMI: Capacity utilization in manufacturing has been subdued, suggesting potential for tariffs to boost production in existing factories. (1/3) www.federalreserve.gov/econres/note... #FEDSNote
November 4, 2025 at 7:57 PM
ICYMI: Capacity utilization in manufacturing has been subdued, suggesting potential for tariffs to boost production in existing factories. (1/3) www.federalreserve.gov/econres/note... #FEDSNote
Revised #FEDSPaper: Does Financial Stress Affect Commodity Futures Traders' Positions? www.federalreserve.gov/econres/feds... #EconSky
Does Financial Stress Affect Commodity Futures Traders' Positions?
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 4, 2025 at 4:06 PM
Revised #FEDSPaper: Does Financial Stress Affect Commodity Futures Traders' Positions? www.federalreserve.gov/econres/feds... #EconSky
This #FEDSNote provides a novel view on market functioning and argues for the importance of monitoring large directional order flow in understanding notable price moves during periods when liquidity is severely strained. www.federalreserve.gov/econres/note... #EconSky
Order Flow Imbalances and Amplification of Price Movements: Evidence from U.S. Treasury Markets
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 3, 2025 at 6:10 PM
This #FEDSNote provides a novel view on market functioning and argues for the importance of monitoring large directional order flow in understanding notable price moves during periods when liquidity is severely strained. www.federalreserve.gov/econres/note... #EconSky
ICYMI: New #FEDSPaper: Declining Search Frictions, Unemployment, and Growth Revisited: www.federalreserve.gov/econres/feds... #EconSky
Declining Search Frictions, Unemployment, and Growth Revisited
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
November 3, 2025 at 5:41 PM
ICYMI: New #FEDSPaper: Declining Search Frictions, Unemployment, and Growth Revisited: www.federalreserve.gov/econres/feds... #EconSky
Capacity utilization in manufacturing has been subdued, suggesting potential for tariffs to boost production in existing factories. (1/3) www.federalreserve.gov/econres/note... #FEDSNote #EconSky
October 31, 2025 at 7:45 PM
Capacity utilization in manufacturing has been subdued, suggesting potential for tariffs to boost production in existing factories. (1/3) www.federalreserve.gov/econres/note... #FEDSNote #EconSky
New #FEDSPaper: Declining Search Frictions, Unemployment, and Growth Revisited: www.federalreserve.gov/econres/feds... #EconSky
Declining Search Frictions, Unemployment, and Growth Revisited
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
October 31, 2025 at 6:27 PM
New #FEDSPaper: Declining Search Frictions, Unemployment, and Growth Revisited: www.federalreserve.gov/econres/feds... #EconSky
New #FEDSPaper: Do the Rich Really Save More? Answering an Old Question Using the SCF with Direct Measures of Lifetime Earnings and an Expanded Wealth Concept: www.federalreserve.gov/econres/feds... #EconSky
Do the Rich Really Save More? Answering an Old Question Using the SCF with Direct Measures of Lifetime Earnings and an Expanded Wealth Concept
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
October 31, 2025 at 3:19 PM
New #FEDSPaper: Do the Rich Really Save More? Answering an Old Question Using the SCF with Direct Measures of Lifetime Earnings and an Expanded Wealth Concept: www.federalreserve.gov/econres/feds... #EconSky
New #FEDSPaper: Understanding Preferences for Payment Cards using Household Scanner Data: www.federalreserve.gov/econres/feds... #EconSky
Understanding Preferences for Payment Cards using Household Scanner Data
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
October 31, 2025 at 2:56 PM
New #FEDSPaper: Understanding Preferences for Payment Cards using Household Scanner Data: www.federalreserve.gov/econres/feds... #EconSky
ICYMI: Learn about the types and usage of alternative data in financial services and technological developments and practices that make alternative data more accessible in the latest issue of Consumer & Community Context: www.federalreserve.gov/publications...
Consumer & Community Context
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
October 31, 2025 at 2:27 PM
ICYMI: Learn about the types and usage of alternative data in financial services and technological developments and practices that make alternative data more accessible in the latest issue of Consumer & Community Context: www.federalreserve.gov/publications...