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Report
Trade and growth in New England
From the time when New England timber built the British navy and Salem boys sailed ginseng root to China and returned as wealthy men, New England?s growth has been tightly linked with international trade. The ties are no less compelling today. Trade raises living standards by promoting the efficient use of resources and encouraging the adoption of new technologies and productivity improvements. New England is a region that specializes in new technologies, a region with limited natural resources, and trade is essential to its future well-being. However, like technological change, increased ...
Journal Article
Reasons for optimism
President Minehan delivered these remarks during the July convening of the Bank's Community Development Advisory Council in Haverhill, Massachusetts.
Report
Systemic supervision: a necessity of financial modernization
The world of financial services has changed rapidly in the past decade. The recent pace of innovation suggests that change could, if anything, accelerate in the coming years. Such an environment poses difficult challenges for financial industry supervisors, especially in addressing threats to the over-all stability of the financial system. Financial supervision in the United States has evolved in recent years to keep pace, but the coming, new environment may require an approach to supervision that more explicitly monitors the health of the financial system as a whole.
Conference Paper
Foreword
This year's conference topic, "Seismic Shifts: The Economic Impact of Demographic Change," at first glance may seem of less than immediate relevance to the Federal Reserve System. As a central bank, we usually focus on developments that take place in the short and medium run and directly affect our role in conducting monetary policy or supervising banking and financial institutions. But the ultimate goal of the Federal Reserve System is to provide an economic and financial environment that is conducive to economic growth and rising living standards. It is important that we occasionally ...
Conference Paper
Some thoughts on the role of the Reserve Banks: discussion
Journal Article
Reaching the top: challenges and opportunities for women leaders: an introduction
Women have made great strides in the business and professional world.