This series contains documents within the YPFS Resource Library. Audio and video resources are also available.
Documents from 2020
YPFS Lessons Learned Oral History Project: An Interview with Mike Leahy, Mike Leahy and Yasemin Esmen
As Need for Additional Small Business Aid Intensifies, Preliminary Evaluations of the PPP Suggest It Improved Business Survival, Mallory Dreyer
Disagreements over the Municipal Liquidity Facility Erupt, Sean Fulmer
RBI reinforce liquidity measures while keeping the interest rate constant, Junko Oguri
Final Rule to Implement a Net Stable Funding Ratio Requirement for Large Banking Organizations, Federal Reserve System: Board of Governors: Staff
Joint Press Release: Agencies issue final rule to strengthen resilience of large banks, Federal Reserve System: Board of Governors, United States: Federal Deposit Insurance Corporation (FDIC), and United States: Department of the Treasury: Office of the Comptroller of the Currency
Paycheck Protection Program Loan Forgiveness Rules Eased for Smallest Borrowers, Mallory Dreyer
Spain Implements Tranched, Adaptive Credit Guarantee Program to Meet Firm Demand, Sharon Nunn
Moody's announces completion of a periodic review of ratings of Yes Bank Limited | Announcement of Periodic Review | Moody's, Moody's Investor Service
Term Asset-Backed Securities Loan Facility: Announcements, Federal Reserve System: Federal Reserve Bank of New York
How Investors Access the TALF, Federal Reserve System: Federal Reserve Bank of New York
Rewritten HEROES Act lops $800 million off first proposal, but unlikely to proceed, Sean Fulmer and Corey Runkel
Fighting Crises with Secrecy, Gary Gorton and Guillermo Ordoñez
U.S. Credit Markets Interconnectedness and the Effects of the COVID-19 Economic Shock, S.P. Kothari
Cronologia del 'caso Bankia': hitos clave del fiasco del banco, Hugo Gutiérrez
Ex-IMF head Rato acquitted over Bankia IPO, prompts legal change calls, Jesús Aguado and Emma Pinedo
Fed Reveals Details of First Mid-Cycle Stress Test, Steven Kelly
The funding of the major Swedish banks and its effect on household mortgage rates, Richard Eidestedt, David Forsman, and Emre Unlu
Use of Federal Reserve Programs as of September 23, Junko Oguri
USDA Announces $14 Billion in Aid to Farmers, Sean Fulmer
Despite Stated Exclusion, the Fed Is Buying Bank Debt, Steven Kelly
Part III of Crisis in Lebanon: Public Protests, COVID-19 Crisis, and International Support, Junko Oguri
Part II of Crisis in Lebanon: Buildup of Interrelated Challenges, Junko Oguri
Part I of Crisis in Lebanon: Economic “Free Fall,” IMF Negotiations, and Beirut Explosion, Junko Oguri
Federal Reserve Board updates frequently asked questions to clarify the Board and Department of Treasury's expectations regarding lender underwriting for the Main Street Lending Program, Federal Reserve System: Board of Governors
How The Fed Jammed In A Penalty Rate Requirement For All Emergency Lending When It Didn't Have To, Skanda Amarnath, Alex Williams, and Arnab Datta
Fourth Report of the Congressional Oversight Commission on the Use of CARES Act Funds, Steven Kelly and Rosalind Z. Wiggins
Yes Bank Limited: Too Big to Fail?, J. Ramachandran and Savithran Ramesh
Yes Bank Limited: Too Big to Fail?, Savithran Ramesh and J. Ramachandran
RBI announces further liquidity measures in response to COVID-19, Lily Engbith
Yes Bank returns Rs 500 bn to RBI, Business Standard
War Finance and Bank Leverage: Lessons from History, Antoine Martin and Josh Younger
Centers for Disease Control and Prevention Halt Evictions for the Rest of 2020, Sean Fulmer
Fed's Main Street Lending Program is now fully operational for loans to nonprofit organizations, Federal Reserve System: Federal Reserve Bank of Boston
A New Index of Bank Resolution Reforms, Matteo Aquilina, Krishan Shah, Costas Stephanou, and Jonathan Ward
HFA Announces Several Changes to Residential Mortgage Market Relief Programs, Sean Fulmer
The Chiang Mai Initiative Multilateralization (CMIM): If Not Now, then When?, Olivia Negus
Use of Federal Reserve Programs as of August 26, Junko Oguri
Liquidity from two lending facilities, Sriya Anbil and Angela Vossmeyer
Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy, Board of Governors of the Federal Reserve System
Dematerialization (DEMAT): Definition, How It Works, Benefits, Mitchell Grant
President Trump Takes Executive Action as Further Stimulus Bill Talks Stall, Aidan Lawson
RBI Annual Report 2019-2020, Reserve Bank of India
78% of US Small Businesses Negatively Impacted by the COVID- 19 Pandemic, Mallory Dreyer
10 YEARS OF FROB (2009 - 2019) - A DECADE FOR FINANCIAL STABILITY, Fondo de Reestructuración Ordenada Bancaria (FROB)/Spanish Executive Resolution Authority
Federal Reserve Lowers Pricing for Municipal Liquidity Facility, Natalie Leonard
FOMC Minutes, July 28-29, 2020, Federal Reserve System: Board of Governors: Federal Open Market Committee (FOMC)
The provision of euro liquidity through the ECB's swap and repo operations, European Central Bank (ECB)
The Provision of Euro Liquidity through the ECB's Swap and Repo Operations, Fabio Panetta and Isabel Schnabel
ECB and Central Bank of the Republic of San Marino set up repo line to provide euro liquidity, European Central Bank (ECB)
ECB and National Bank of the Republic of North Macedonia set up repo line to provideeuro liquidity, European Central Bank (ECB)
The Influence and Limits of Central Bank Backstops, Sam Schulhofer-Wohl
Barriers to Wage Replacement Schemes, Natalie Leonard and Corey Runkel
EU Member States Reach Unanimous Deal on Historic EUR 750 billion Fiscal Stimulus Package, Lily Engbith
European Council finalizes Multiannual Financial Framework and Additional COVID-19 Response Measures, Aidan Lawson
What are TARGET2 balances?, European Central Bank (ECB): Eurosystem
The G20’s impasse on Special Drawing Rights (SDRs), Alexander Nye
Argentina and China renew US$ 18 billion swap; Beijing will pay for agriculture imports in Yuan, MercoPress.
Paycheck Protection Program spread loans widely, if not evenly, Corey Runkel
El BCRA firmo la renovacion del swap de monedas con el Banco Central de China por USD 18.500 millones, Fernando Meaños
New Agreement with the People's Bank of China, Argentina: Banco Central de la República
Senate Republicans introduce HEALS Act, next round of COVID- 19 response, Natalie Leonard and Corey Runkel
Federal Reserve extends temporary US dollar liquidity swap lines and FIMA repo facility to March 31, 2021, Junko Oguri
Italy: Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements, International Monetary Fund (IMF)
Moody's upgrades Yes Bank's rating to Ba3 from B2; changes outlook to stable | Rating Action | Moody's, Moody's Investor Service
Pandemic catalyzes transition to cashless benefits, Corey Runkel
Broken bucks: money funds that took taxpayer guarantees in 2008, Linus Wilson
Risks May Suggest a Role for an Extension of Bank Debt Issuance Guarantees, Steven Kelly
With Phaseout of Wage Subsidy Scheme, UK Announces Rehiring Bonus, Mallory Dreyer
17 C.F.R. Sect. 270.2a-7, United States: Securities and Exchange Commission (SEC)
Denmark: Financial Sector Assessment Program, International Monetary Fund (IMF)
Denmark: Financial Sector Assessment Program, International Monetary Fund (IMF)
Funding the Resolution of Systemically Important Banks: The Developing Country Challenge, Kemar Richards
Payments Crises and Consequences, Qian Chen, Christopher Koch, Padma Sharma, and Gary Richardson
The Mexican Government’s Economic Response to the COVID-19 Pandemic, Manuel Leon Hoyos
Third Report of the Congressional Oversight Commission on the Use of CARES Act Funds, Steven Kelly and Rosalind Z. Wiggins
More Aid Offered To Airlines as Pandemic Continues to Depress Demand, Vaasavi Unnava
Bank of England Rapidly Expands Asset Purchase Facility, Adam Kulam
Dividend Bans: ECB Extends, APRA Eases, and BoE Promises Further Analysis, Junko Oguri
Federal Reserve Board announces the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021, Federal Reserve Board of Governors (FRB)
Federal Reserve Extends Lending Programs to December 31, Mallory Dreyer and Kaleb Nygaard
FIMA Desk Resolution, Federal Reserve System: Board of Governors: Federal Open Market Committee (FOMC)
Central Bank of Sri Lanka: The Central Bank enters into a Bilateral Currency Swap Agreement with the Reserve Bank of India, Central Bank of Sri Lanka (CBSL)
Charter South Asian Association for Regional Cooperation (SAARC), South Asian Association for Regional Cooperation (SAARC)
RBI signs Currency Swap Agreement with Central Bank of Sri Lanka, Reserve Bank of India
Update on the progress of the World Bank’s COVID-19 response efforts, Aidan Lawson
Banks’ Second-Quarter Results Boosted by Non-Interest Income and Official Support, Junko Oguri
Chilean central bank strikes deal with China to expand currency swap to $7.1 bln, Reuters Staff
One-Quarter of SMEs Closed During the COVID-19 Lockdown, Mallory Dreyer and Kaleb Nygaard
The Central Bank clarifies its Repurchase Agreement with the Federal Reserve Bank, New York, Central Bank of Sri Lanka (CBSL)
The Federal Reserve expands eligible counterparties and agents in three emergency facilities, Manuel Leon Hoyos
Who's afraid of some (not so big or bad) debt relief?, Alexander Nye
Design Considerations and Interesting Features of SME Support Programs, Mallory Dreyer and Kaleb Nygaard
ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity, European Central Bank (ECB)
Use of Federal Reserve Programs as of July 23, Junko Oguri
As AMCON nears possible ‘liquidation’, what should we expect?, Emmanuel Abara Benson
Cross-country Comparison of Economic Outcomes and Policy Responses to Support Individuals in June, Pascal Ungersboeck
The Bank of Greece proposes a national “bad bank”, Alexander Nye
Debate over new stimulus plan continues as unemployment benefits near expiration, Natalie Leonard
Fed Expands Main Street Lending Program to Include Nonprofits, Mallory Dreyer and Kaleb Nygaard