Journal Article
The causes and effects of financial modernization
Santomero, Anthony M. (2001-10)
In "The Causes and Effects of Financial Modernization," President Santomero outlines financial legislation since the 1930s and discusses the impact that the Gramm-Leach-Bliley (GLB) Act has had and will continue to have on the financial services industry.
Business Review , Issue Q4 , Pages 1-4

Journal Article
De novo banking in the third district
Brislin, Patricia; Santomero, Anthony M. (1991-01)
Business Review , Issue Jan , Pages 3-12

Journal Article
Preparing for the 21st century economy.
Santomero, Anthony M. (2005-01)
After 30 years of university teaching and almost five years as a Reserve Bank president, Anthony M. Santomero knows the importance of education to a well-functioning economy. In recent years, he has seen several broad, long-term trends emerge-trends that will undoubtedly shape our environment and our economic fortunes. In "Preparing for the 21st Century Economy," he talks about two trends he deems to be of particular importance. First is the steady increase in international trade that has spilled over from the second half of the 20th century into the new millennium. Second is the ...
Business Review , Issue Q1 , Pages 1-6

Journal Article
Knowledge is power: the importance of economic education
Santomero, Anthony M. (2003-10)
As technological advances continue to expand the range of financial services available to consumers, money management becomes increasingly complicated. Helping consumers navigate this sea of financial products is important. When households are capable of building wealth, they are also capable of building more economically stable neighborhoods and communities. That's one reason economic education is vital to the future health of our nation's economy. In "Knowledge Is Power: The Importance of Economic Education" President Anthony Santomero outlines what the Federal Reserve is doing to ...
Business Review , Issue Q4 , Pages 1-5

Journal Article
Process and progress in risk management
Santomero, Anthony M. (2003-01)
President Anthony Santomero discusses three points: risk management as its own distinct discipline; the financial industry's work to improve risk-management techniques and regulators' increased commitment to risk-focused examinations; and the need to improve risk-management systems even further.
Business Review , Issue Q1 , Pages 1-5

Journal Article
The complexities of monetary policy.
Santomero, Anthony M. (2001-04)
What happens when an academic researcher becomes a policymaker? Recently, President Anthony Santomero shared some thoughts on this topic with members for the Downtown Economists Club in New York City. In particular, he talked about several conundrums he's encountered since moving from the academy to the central bank. We've reprinted his speech "The Complexities of Monetary Policy" in this issue of the Business Review so that we can share President Santomero's insights with our readers as well.
Business Review , Issue Q2 , Pages 3-6

Journal Article
A farewell from President Santomero
Santomero, Anthony M. (2006-01)
President Anthony M. Santomero reflects on the economic challenges and changes during his tenure as president over the past six years and summarizes some of the Bank?s accomplishments.
Business Review , Issue Q1 , Pages 1-2

Working Paper
An overall perspective on banking regulation
Santomero, Anthony M.; Freixas, Xavier (2002)
Recently, the theory of banking regulation has undergone important changes. This has been the consequence of a number of compounding effects that have been occurring in the financial sector. First among these is on-going financial innovation, which has caused a virtual revolution in both financial instruments and markets. As a result, the markets and institutions that must be regulated have changed substantially over time. At the same time, regulation has evolved, as the regulators have learned the lessons from the recent spat of banking crises. As a consequence of these experiences, ...
Working Papers , Paper 02-1

Journal Article
Monetary policy: stability through change.
Santomero, Anthony M. (2004-01)
The recent business cycle has been driven by two forces: a series of extraordinary events and some longer term secular trends. In "Monetary Policy: Stability Through Change," President Anthony Santomero discusses how these extraordinary events, including the bursting of the tech bubble, the aftermath of 9/11, the wars in Afghanistan and Iraq, and the corporate accounting and governance scandals, have affected the U.S. economy. He then turns his focus to the longer term trends, including rapidly changing technology and the increasingly integrated global marketplace, which he expects to be ...
Business Review , Issue Q1 , Pages 1-5

Journal Article
Great expectations: the role of beliefs in economics and monetary policy
Santomero, Anthony M. (2004-04)
Whether one looks at consumers or businesses, expectations - people's beliefs - are driving forces of every economy. The economic outcomes one can expect from public policy are affected by the way beliefs are formed and how they vary over time. In "Great Expectations: The Role of Beliefs in Economics and Monetary Policy," President Anthony Santomero presents his perspective on the important role beliefs play in economic decisions and policymaking. He also offers some observations on the important role the policymaker's credibility plays in determining the outcome of any monetary policy ...
Business Review , Issue Q2 , Pages 1-6