Notes from the Vault

The Center for Financial Innovation and Stability's series, Notes from the Vault

Conflicts of Interest in Securitization and the U.S. Housing Crisis
W. Scott Frame
April 2017

This article assesses the recent literature on whether conflicts of interest in securitization contributed to the U.S. housing crisis.

Interest on Reserves
Larry D. Wall
February 2017

The Federal Reserve's payment of interest on reserves has generated some controversy and may result in more as rates increase. This post considers the implications of such payments.

The Revolving Door
Larry D. Wall
January 2017

The so-called revolving door between industry and the regulatory agencies is a recurring concern. This post provides a high-level overview of this issue.

Notes from the Vault was on hiatus after the March/April 2012 post; it restarted in March 2013.

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