Bank Financial Management

Case Studies on Disruptions during the Crisis Author: Tanju Yorulmazer FRBNY Economic Policy Review / February 2014 https://www.newyorkfed.org/medialibrary/media/research/epr/2014/1402yor1.pdf This article describes eight issues that the Federal Reserve Bank identified during the 2007 – 2009 Financial Crisis: • Auction-Rate Securities • Commercial Paper • Asset-Backed Commercial Paper • Money Market Mutual Funds • Repo Markets • Credit Commitments • Dollar Funding of Non-U.S. Banks • Wholesale Funding and Northern Rock Choose any three of these eight issues and define the risk(s)* that is being described and how you think the Fed’s policy response remediated this risk(s). You will need additional sources of information for this case. Please use proper citations for sources used. 5 – 7 pages should be sufficient. Be prepared to discuss your findings to the class.