Results 1 - 30 of 183 for PRIME [Publication: Review]
The Prime Rate and the Cost of Funds: Is the Prime Too High? - Review
B. W. Hafer investigates the economic forces underlying the prime lending rate. Hafer notes first that, since the early 1970s, the prime rate generally has varied with current credit market conditions: “As the competition for loanable funds and the cost of liability management have increased with the advent of numerous financial innovations, banks have become more sensitive to interest rate changes in establishing their lending rates.”
research.stlouisfed.org/.../1983/05/01/the-prime-rate-and-the-cost-of-funds-is-the-prime-too-high/
Are Prime Rate Changes Asymmetric? - Review
The popular assertion—that banks raise loan rates more readily than they lower them in opposite circumstances—returns to the forefront during every period of declining market interest rates. Perhaps this assertion captures attention because since the 1980s, the ubiquity of credit card balances means that consumer loan rates affect more people than ever.
research.stlouisfed.org/publications/review/2000/09/01/are-prime-rate-changes-asymmetric
The FOMC in 1990: Onset of Recession - Review
James B. Bullard presents this Review's annual synopsis of the recent actions of the Federal Open Market Committee, the prime policymaking group in the Federal Reserve System.
research.stlouisfed.org/publications/review/1991/05/01/the-fomc-in-1990-onset-of-recession/
The Adminstration of Regulation Q - Review
At a time when market interest rates have soared to levels never before reached in this country, rates on deposits at banks and other financial institutions have been held much lower. The rate commercial banks charge on prime business loans has been 8 1/2 per cent since early last June. Mortgage and many other market interest rates are currently about as high. On the other hand, payment of interest is prohibited on demand deposits, and the maximum rates permitted on time and savings deposits vary between 4.50 and 7.50 per cent. The highest rate applies only to deposits in denominations of $100,000 or more maturing in a year or longer.
research.stlouisfed.org/publications/review/1970/02/01/the-adminstration-of-regulation-q
A Monetary Model of Nominal Income Determination - Review
During the past several years the Federal Reserve Bank of St. Louis has presented a number of empirical studies demonstrating a strong and predictable response of nominal gross national product (GNP) to changes in the nation’s money stock. These studies found that changes in the secular trend of the money stock are the prime determinant of changes in the secular trend of GNP. They also found that short-run changes in GNP are related to similar changes in the money stock. On the other hand, changes in Government spending were found to have only a temporary short-run influence on changes in GNP. A number of other studies, using variations of the approach of the St. Louis studies, have yielded similar empirical relationships.
research.stlouisfed.org/.../review/1975/06/01/a-monetary-model-of-nominal-income-determination
Monetary Policy and Capital Formation - Review
The year 1776 gave birth not only to a great nation but also to a great book which shaped our science. In his Wealth of Nations, Adam Smith made growth in income the central explanandum of his inquiry and identified capital formation as the prime mover of growth in income. It is most fitting, therefore, that the subject matter of this conference in this bicentennial year of the Wealth of Nations is capital formation.
research.stlouisfed.org/publications/review/1977/06/01/monetary-policy-and-capital-formation
Bank Financing of the Recovery - Review
While recovery periods display many common characteristics, each such period has its own unique features which distinguish it from other recoveries. A unique feature of the current recovery period is the lack of growth of bank loans. In previous recoveries, total loans of commercial banks have increased soon after recession troughs; in the current recovery period, total loans have remained essentially unchanged since the March 1975 trough in economic activity.
research.stlouisfed.org/publications/review/1976/07/01/bank-financing-of-the-recovery
The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications - Review
Federal, state, and local predatory lending laws are designed to restrict and in some cases prohibit certain types of high-cost mortgage credit in the subprime market. Empirical evidence using the spatial variation in these laws shows that the aggregate flow of high-cost mortgage credit can increase, decrease, or be unchanged after these laws are enacted.
The Evolution of the Subprime Mortgage Market - Review
This article describes subprime lending in the mortgage market and how it has evolved through time. Subprime lending has introduced a substantial amount of risk-based pricing into the mortgage market by creating a myriad of prices and product choices largely determined by borrower credit history (mortgage and rental payments, foreclosures and bankruptcies, and overall credit scores) and down payment requirements.
research.stlouisfed.org/.../review/2006/01/01/the-evolution-of-the-subprime-mortgage-market
Alt-A: The Forgotten Segment of the Mortgage Market - Review
This article presents a brief overview of the Alt-A mortgage market with the goal of outlining broad trends in the different borrower and mortgage characteristics of Alt-A market originations between 2000 and 2006.
research.stlouisfed.org/.../review/2010/01/04/alt-a-the-forgotten-segment-of-the-mortgage-market
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