Federal Reserve System
Financial stability, deflation, & monetary policy
CENTRAL BANK RESEARCH - This working paper by Federal Reserve Bank of Richmond economist Marvin Goodfriend explores the relationship between financial stability, deflation, and monetary policy.He says that monetary policy is a fundamental source of…
'Does Money Matter?' by US Fed Governor Meyer
SPEECH - US Federal Reserve Board governor Laurence H. Meyer gave an excellent and wide-ranging speech on Mar 28, 2001 titled "Does Money Matter?". He says monetarism supeficially appears to play no role in the conduct of monetary policy in many…
When is US bank lending to emerging mkts volatile?
CENTRAL BANK RESEARCH - In a New York Fed staff report, Linda S. Goldberg, finds out what causes fluctuations in lending by US banks to emerging markets. Goldberg finds the most important influence is the state of the US economy - when US growth is…
Financial mkt implications of the US debt paydown
CENTRAL BANK RESEARCH - The dwindling supply of US treasuries is worrying not only the financial markets but also Federal Reserve chairman Alan Greenpsan, one of the reasons he has given his support for Bush's $1.6 trillion tax cuts. In a New York Fed…
BoK criticises govt for interfering in mon policy
SOUTH KOREA - The Bank of Korea has criticized the government for its regular interference in the country's monetary polices.
US Fed urges bankers to disclose more
SUPERVISION - In an advisory letter on Mar 23, 2001, the Federal Reserve Board urged large banking organizations to adopt a high-level, private-sector working group's recommendations for broader and more frequent public disclosures as a way to improve…
Fed survey: US banks growing wary of lending
UNITED STATES - A special survey conducted by the Federal Reserve reveals that credit terms from US banks have continued to tighten since January
Euro drop in 2000 was normal dip - Fed's Poole
EUROPE - The euro's weakness against the dollar last year was a "perfectly normal" dip of a sort which all currencies suffer from time to time, Federal Reserve Bank of St. Louis President William Poole said on Mar 27, 2001.
US economists quarrel with Fed rate stance-NABE
UNITED STATES - A survey of the Federal Reserve's policies over the past six months showed that a growing number of US economists fear the central bank has not cut interest rate cuts enough.
US House Panel OKs Fed to pay banks interest
Small businesses and banks won the right to earn interest on their deposits under two bills passed on Mar 21, 2001 by the US House Financial Services subcommittee.
Predictable Uncertainty in Econ Forecasting-US Fed
RESEARCH PAPER - Neil R. Ericsson has written an paper titled "Predictable Uncertainty in Economic Forecasting" for the US Federal Reserve's series of International Finance Discussion Papers. This paper provides an introduction to predictable forecast…
Fed disappoints markets with 50 bp rate cut
The US Federal Reserve cut interest rates on Mar 20, 2001 by half a percentage point to 5.0%, continuing its aggressive effort to resuscitate the faltering economy but disappointing investors who had hoped for more.
New Fed paper probes productivity growth
What's Driving the New Economy? The Benefits of Workplace Innovation (Sandra E. Black and Lisa M. Lynch)
Performance of US econ since Oct 1987 crash-Levy
ARTICLE - "An Economic Assessment: Contained Depression or the Foothills of Recovery? U.S. and Global Finance Prospects; The Performance of the Economy Since the October 1987 Crash" by Robert Barbera and David A. Levy. The authors argues over the causes…
Fed Meyer backs reserve interest, Treasury against
Federal Reserve Governor Laurence Meyer on Mar 13, 2001 reiterated the Fed's support for legislation that would allow it to pay interest on the reserves that banks are required to maintain with the central bank.
Greenspan to appear at Al Gore's journalist class
Federal Reserve Chairman Alan Greenspan is scheduled to appear before Columbia University journalism students on Mar 21, 2001 as a part of former vice president Al Gore's journalist course on covering national affairs.
Financial Innovation and Monetary Transmission
SEMINAR - The Federal Reserve Bank of New York is hosting a conference titled "Financial Innovation and Monetary Transmission" from Apr 5-6, 2001. This seminar will offer insight into how the enormous changes that are going on in the financial sector…
Effect of booming economy on US trade deficit
RESEARCH PAPER - The robust growth of the U.S. economy between 1996 and 1999 spurred U.S. demand for foreign goods and contributed to a surge in the U.S. trade deficit. An analysis by the New York Fed of the effects of the expansion on the trade balance…
Fed's Ferguson-monetary policy unhurt by mergers
A global wave of financial mergers and acquisitions in the 1990s, totaling 7,500 deals valued at about $1.6 trillion, has not affected central banks' ability to set interest rates, Federal Reserve Vice Chairman Roger Ferguson said Mar 9, 2001.
Banking supervision-Alan Greenspan speech
Alan Greenspan said on Mar 7 it was not surprising that a weaker economy was making bankers wary about lending, but he urged them not to go overboard. "Lenders and their supervisors should be mindful that in their zeal to make up for past excesses they…
US rebound likely later this year-McDonough,Moskow
William McDonough and Michael Moskow, in separate speeches on separate continents, said on Mar 8 that a rebound was likely later in 2001.
Interview: Walter Shipley
Walter Shipley, recently retired chairman of Chase Manhattan/J.P Morgan, has justchaired a working group on public disclosure aimed at investigating howdisclosure by large US banks and securities firms could be improved. He spoketo Central Banking's…
Fed says U.S. economy grew sluggishly early 2001
The U.S. economy grew at a "sluggish to modest" pace at the start of the 2001, helped by slightly stronger consumer spending as retailers cut prices to clear their shelves, the Federal Reserve said on Mar 7, 2001 in its Beige Book.
The New Basel Capital Proposal -Fed Meyer speech
US Federal Reserve Governor Laurence H. Meyer gave a speech on "The New Basel Capital Proposal" at the Annual Washington Conference of the Institute of International Bankers on Mar 5. Meyer says that the Basel proposal may be complex and at times…