Steven Kelly on Crises, Stability, and the Fed's Role in Financial Markets

Steven Kelly on Crises, Stability, and the Fed's Role in Financial Markets

Steven Kelly is a senior research associate at the Yale Program on Financial Stability. Steven joins David on Macro Musings to discuss his work on financial stability and the role the Federal Reserve plays in it. Specifically, David and Steven discuss the Fed's evolving role in niche financial markets such as commodities and derivatives markets, what Section 13.3 of the Federal Reserve Act says about the Fed's basis to engage in financial markets, proposals to improve the Fed's Standing Repo Facility (SRF), the future of stablecoins and central bank digital currencies (CBDCs) in financial markets, and much more.

Transcript for the episode can be found here.

Steven's Twitter: @StevenKelly49

Steven's Substack: Without Warning

David's Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings

Click here for the latest Macro Musings episodes sent straight to your inbox!

Related Links:

The Reserve (podcast) hosted by Kaleb Nygaard

New Bagehot Project, Yale Program on Financial Stability (YPFS)

"The Fed As Derivatives Dealer of Last Resort?" by Steven Kelly

"Could the Fed Rescue Commodities Markets?" by Steven Kelly

"Improving the Standing Repo Facility" by Steven Kelly

"Unappropriated Dollars: The Fed's Ad Hoc Lending Facilities and the Rules that Govern Them" by Lev Menand

The Fed Unbound: Central Banking in a Time of Crisis by Lev Menand

"Larry Ball on the Lehman Brothers Collapse and Its Role in the Great Recession", Macro Musings podcast episode (2018)

Avsnitt(546)

BONUS: Richard Clarida on His Musical Interests and *Time No Changes*

BONUS: Richard Clarida on His Musical Interests and *Time No Changes*

Richard Clarida is a professor of economics at Columbia University, a managing director at PIMCO, and was most recently the Vice Chair of the Federal Reserve Board of Governors. Richard rejoins David ...

1 Maj 20246min

Richard Clarida on FAIT, R-Star, and the Future of the Fed's Framework

Richard Clarida on FAIT, R-Star, and the Future of the Fed's Framework

Richard Clarida is a well-known academic and policymaker who most recently was the Vice Chair of the Federal Reserve Board of Governors. Richard is currently a professor of economics at Columbia unive...

29 Apr 20241h 1min

Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*

Saleha Mohsin on *Paper Soldiers: How the Weaponization of the Dollar Changed the World Order*

Saleha Mohsin is a senior Washington correspondent for Bloomberg News, where she covers policy, politics, and power in Washington, DC. Saleha is also the author of a new book titled, *Paper Soldiers: ...

22 Apr 202453min

Josh Hendrickson on the Treasury Standard and Global Dollar Dominance

Josh Hendrickson on the Treasury Standard and Global Dollar Dominance

Josh Hendrickson is the chair of the department of economics at the University of Mississippi and is the author of a new paper that looks at dollar dominance through the broad historical perspective o...

15 Apr 202456min

Julia Coronado on Productivity, Commercial Real Estate, and the Fed's Soft Landing

Julia Coronado on Productivity, Commercial Real Estate, and the Fed's Soft Landing

Julia Coronado is the president and founder of MacroPolicy Perspectives, a Wall Street research firm. Julia was also recently the president of the National Association of Business Economists, and she ...

8 Apr 202449min

Isabel Schnabel on the ECB and its New Operational Framework

Isabel Schnabel on the ECB and its New Operational Framework

Isabel Schnabel is a Member of the Executive Board of the European Central Bank, and she joins David on Macro Musings to talk about the ECB and its new operational framework. Specifically, David and I...

1 Apr 202456min

Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed's Accountability to Congress*

Andrew Levin and Christina Parajon Skinner on *Central Bank Undersight: Assessing the Fed's Accountability to Congress*

Andy Levin is a professor of economics at Dartmouth University and a former senior staffer at the Federal Reserve Board of Governors. Christina Parajon Skinner is a legal scholar at the University of ...

25 Mars 202454min

Anat Admati on the US Banking System and the Basel III Endgame

Anat Admati on the US Banking System and the Basel III Endgame

Anat Admati is a professor of finance and economics at Stanford University and is the coauthor of the 2013 book, *The Bankers' New Clothes: What's Wrong With Banking and What to Do About It.* Anat is ...

18 Mars 202456min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
rss-svart-marknad
svd-tech-brief
rss-borsens-finest
badfluence
uppgang-och-fall
avanzapodden
bathina-en-podcast
fill-or-kill
24fragor
rss-inga-dumma-fragor-om-pengar
lastbilspodden
tabberaset
kapitalet-en-podd-om-ekonomi
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
borsmorgon
rss-veckans-trade