Journal Article
Corporate governance and responsibility
Santomero, Anthony M. (2003-04)
In the first article this quarter, President Anthony Santomero asks: What is the root of the corporate governance problems that have recently gained the spotlight? Is it the mega-merger frenzy of the 1980s? Overly optimistic forecasts of earnings? Innovations in the financial services industry? Although these factors undoubtedly played some role, President Santomero views governance problems as having deeper roots. In "Corporate Governance and Responsibility," he points out that the central dilemma is one of conflicting interests in organizations - what economists call "the ...
Business Review , Issue Q2 , Pages 1-5

Conference Paper
Alternative monies and the demand for media of exchange
Santomero, Anthony M.; Seater, John J. (1996)
Proceedings

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
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
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
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
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
Flexible commitment or inflation targeting for the U.S.?
Santomero, Anthony M. (2003-07)
The idea of creating a framework for explicit inflation targeting in the U.S. has recently become a topic of considerable discussion. The key question is: Could inflation targeting improve on the U.S. economy's performance? President Anthony Santomero thinks inflation targeting makes sense for the U.S., in principle. But he cautions that several important issues must be worked out first. In this quarter's message, "Flexible Commitment for Inflation Targeting for the U.S.?" he discusses these issues, which include calibrating the target and reconciling inflation targeting with the Fed's ...
Business Review , Issue Q3 , Pages 1-7

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

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