Financial stability

• Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment

  Staff Discussion Paper 2014-4 Nicholas Labelle, Varya Taylor

  A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Payment clearing and settlement systems JEL Code(s): C, C1, C15, G, G0, G01, G2, G3

• Information, Amplification and Financial Crisis

  Staff Working Paper 2014-30 Ali Kakhbod, Toni Ahnert

  We propose a parsimonious model of information choice in a global coordination game of regime change that is used to analyze debt crises, bank runs or currency attacks. A change in the publicly available information alters the uncertainty about the behavior of other investors.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): D, D8, D83, G, G0, G01