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Journal Article
Public pensions under stress
The financial crisis has made it all too clear that regulators failed to see into the dark corners of the financial system. With that in mind, the Federal Reserve Banks of Cleveland and Atlanta have formed a Financial Monitoring Team to study pension funds and municipal finance with an eye toward implications for the wider economy and financial system. What concerns should we have? In this article and other articles from this spring issue of Forefront, we explain where risks could be building and how reforms might help forestall their impact on the broader economy and financial system.
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The Things Our Neighbors Care About
Journal Article
Anchors and Arts Help Redefine the Rust Belt
Journal Article
The Dry, Wonky, and Utterly Essential World of Financial Stability Analysis
The bankruptcy of Detroit, Women, work and war, interview with the head of the new Office of Financial Research
Journal Article
The future of financial market regulation
Last summer, Congress approved the most sweeping reforms to the financial market regulatory system since the Great Depression with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. But that was only the beginning. Now come the details?hammering out more than 250 rules among 11 different regulatory agencies (the Federal Reserve itself is responsible for developing more than 50 new rules). Many of the rules are geared toward the same goal?preventing a replay of the financial crisis that crippled the economy from 2007 through 2009.
Journal Article
Women, Work, and the War That Changed Both
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Generation recession? How the recession may change America
Nobody yet knows the ultimate footprint that the Great Recession will have on the nation. We do know that much of it depends on the choices that Americans make in response?everything from personal saving to labor force participation is in play. Ultimately, these choices will help determine how ?great? the recession really turns out to be.
Journal Article
The Evolution of the \\"Bank Examiner\\"
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Interview with Barry Eichengreen