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Journal Article
Twelve banks : the strength of the Federal Reserve
Journal Article
The international community's response to the Asian financial crisis
The U.S. economy just completed another stellar year, marked by strong growth and declining inflation. Indeed, the low inflation of recent years has been instrumental in reinvigorating the U.S. economy, helping unleash a new vibrancy and confidence across the country. However, the shock wave working its way toward us from the Western Pacific will likely be a countervailing force in our economy.> > Financial turmoil in a handful of Asian countries should slow the growth of spending by foreigners on U.S. goods and services. On balance, most economists are currently guessing that reduced demand ...
Journal Article
One-bank holding company debt: regulatory policy and experience
Journal Article
Practical productivity growth: President's message
Journal Article
Financial industry megamergers and policy challenges
In the past few years, the pace of consolidation in the banking industry has accelerated, and combinations between banks and other financial service providers have become increasingly prevalent. In some countries, consolidation has resulted from the need to eliminate weak or problem institutions. More generally, however, the unprecedented wave of merger activity in financial services is being driven by powerful changes in telecommunications and information technology and by the removal of legal and regulatory barriers to national and international linkages. An important recent development is ...
Journal Article
The Federal Reserve Open Market Committee: President's message.
Journal Article
Central bank perspective on nonbanks in the payments system
This is a transcript of a speech delivered May 4 in Santa Fe, N.M., at the Bank's conference "Nonbanks in the Payments System: Innovation, Competition and Risk"