Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
Financial Inclusion in the United States: Measurement, Determinants, and Recent Developments
Nair, Ambika; Mangrum, Daniel; Kivell, Jonathan; Crosignani, Matteo; Morgan, Donald P.; Scally, Joelle; Van der Klaauw, Wilbert (2025-09-01)
In recent years technological change and pandemic-related policies have helped expand access to banking, credit, and payment services to more consumers and small businesses. Despite this progress many continue to lack access to the financial tools needed to manage their day-to-day finances, absorb economic shocks, and build financial wealth. This article provides a review of the current state and evolving landscape of financial inclusion in the United States. In doing so, it draws on survey evidence and a growing number of academic studies. The authors identify key opportunities for improving ...
Economic Policy Review , Volume 31 , Issue 3 , Pages 1-49

Journal Article
How Do Banks Build Equity Capital?
Hirtle, Beverly; Gordon, Lily (2026-09-01)
This article examines the evolution of equity capital in the U.S. banking industry over the past thirty-five years. Earnings are the major driver of increases in equity capital in the banking industry. While common stock issuance is frequent, amounts issued are generally small and do not contribute meaningfully to equity capital growth in most cases. Common stock dividends and repurchases are significant drains on equity capital. It is not uncommon for banks to pay out more than they earn, reflecting both capital planning motivations and negative shocks to earnings. It is also common for ...
Economic Policy Review , Volume 32 , Issue 1 , Pages 1-48

Journal Article
The benchmark U.S. Treasury market: recent performance and possible alternatives - commentary
Glaessner, Thomas C. (2000-04)
Economic Policy Review , Issue Apr , Pages 149-153

Journal Article
The evolving external orientation of manufacturing: a profile of four countries
Goldberg, Linda S.; Campa, Jose Manuel (1997-07)
Using more than two decades of industry data, the authors profile the external orientation of manufacturing industries in the United States, Canada, the United Kingdom, and Japan. They use the term "external orientation" to describe the potential exposure of an industry's revenues and costs to world events through exports, imports, and imported inputs. For each major manufacturing industry, the authors provide histories of the share of total revenues earned in foreign markets, the role of imports in domestic consumption, and the costs of imported inputs in total production. In addition, ...
Economic Policy Review , Volume 3 , Issue Jul , Pages 53-81

Journal Article
Hedge funds, financial intermediation, and systemic risk
Schuermann, Til; Stiroh, Kevin J.; Kambhu, John (2007-12)
Hedge funds, with assets under management approaching an estimated $1.5 trillion in 2006, have become important players in the U.S. and global capital markets. These largely unregulated funds differ from other market participants in their use of a variety of complex trading strategies and instruments, in their liberal use of leverage, in their opacity to outsiders, and in their convex compensation structure. These differences can exacerbate potential market failures stemming from agency problems, externalities, and moral hazard. Counterparty credit risk management (CCRM) practices, used by ...
Economic Policy Review , Volume 13 , Issue Dec , Pages 1-18

Journal Article
A framework for the pursuit of price stability
McDonough, William J. (1997-08)
Based on remarks delivered before the Annual Financial Services of the New York Bankers Association on March 21, 1996, and the Economic Club of New York on October 2, 1996.
Economic Policy Review , Volume 3 , Issue Aug , Pages 1-7

Journal Article
Immigration, health, and New York City: early results based on the U.S. new immigrant cohort of 2003
Massey, Douglas S.; Smith, James P.; Jasso, Guillermina; Rosenzweig, Mark R. (2005-12)
This article was presented at a conference organized by the Federal Reserve Bank of New York in April 2005, "Urban Dynamics in New York City." The goal of the conference was threefold: to examine the historical transformations of the engine-of-growth industries in New York and distill the main determinants of the city's historical dominance as well as the challenges to its continued success; to study the nature and evolution of immigration flows into New York; and to analyze recent trends in a range of socioeconomic outcomes, both for the general population and recent immigrants more ...
Economic Policy Review , Issue Dec , Pages 127-151

Journal Article
Using financial incentives to encourage welfare recipients to become economically self-sufficient - commentary
MaCurdy, Thomas (2001-09)
Economic Policy Review , Issue Sep , Pages 127-132

Journal Article
Commentary on \\"A reconsideration of the risk sensitivity of U.S. banking organization subordinated debt spreads: a sample selection approach\\"
Stiroh, Kevin J. (2004-09)
This paper was part of the conference "Beyond Pillar 3 in International Banking Regulation: Disclosure and Market Discipline of Financial Firms," cosponsored by the Federal Reserve Bank of New York and the Jerome A. Chazen Institute of International Business at Columbia Business School, October 2-3, 2003.
Economic Policy Review , Issue Sep , Pages 93-95

Journal Article
The timing and funding of Fedwire funds transfers
McAndrews, James J.; Rajan, Samira (2000-07)
An examination of the Federal Reserve?s Fedwire Funds Transfer service reveals that the highest concentration of funds-transfer value occurs in the late afternoon. The authors attribute this activity peak to attempts by banks (and their customers) to coordinate payment timing more closely. By synchronizing payments, banks can take advantage of incoming funds to make outgoing payments?especially during periods of heavy payment traffic. Conversely, during off-peak times, banks must rely more on account balances or overdrafts to fund payments, which increases the cost of making payments. For ...
Economic Policy Review , Issue Jul , Pages 17-32

show more (119)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY YEAR

FILTER BY BANK

FILTER BY SERIES

FILTER BY CONTENT TYPE

FILTER BY AUTHOR

FILTER BY JEL CLASSIFICATION