Federal Reserve System
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…
Financial crises in emerging markets-NY Fed paper
Terrence J. Checki and Ernest Stern from the New York Fed have written a paper "Financial Crises in the Emerging Markets: The Roles of the Public and Private Sectors" in Current Issues in Economics and Finance. This article examines some of the key…
Greenspan celebrating 75th birthday on March 6
Alan Greenspan, chairman of the US Federal Reserve, celebrates his 75th birthday on Mar 6, 2001, having served thirteen and a half years at the top of the US central bank.
Fed governor Roger Ferguson reappointed until 2014
Roger Ferguson, the Federal Reserve vice-chair whose future has been put on ice by Capitol Hill Republicans since 1999, received a major vote of confidence from the Bush administration on Mar 5, 2001.
Using credit risk models for regulatory capital
The Federal Reserve Bank of New York has a highly topical article in its forthcoming Economic Policy Review called "Using Credit Risk Models for Regulatory Capital: Issues and Options," by Beverly J. Hirtle, Mark Levonian, Marc Saidenberg, Stefan Walter,…
US 'debt free' by 2030 - Alan Greenspan
Testifying on Mar 2, 2001 before the Committee on the Budget of the US House of Representatives, Fed chairman, Alan Greenspan, outlined the implications of the US goverment's extraordinaryly healthy fiscal position.
Fiscal Federalism & European Integration-Gramlich
US Federal Reserve governor Edward M. Gramlich and Fed economist Paul R. Wood write the latest International Finance Discussion Paper titled "Fiscal Federalism and European Integration: Implications for Fiscal and Monetary Policies".
OECD's Visco -Fed should not overreact to slowdown
The U.S. Federal Reserve should not cut interest rates too much in the face of its slowing economy in case this jeopardised price stability, the chief economist for the Organisation for Economic Cooperation and Development, Ignazio Visco, warned on Mar 1.
Greenspan testimony-unsure about consumer optimism
Federal Reserve Chairman Alan Greenspan offered a gloomier assessment of the U.S. economic outlook when he testified to the House Financial Services Committee on Feb 28, 2001, suggesting he no longer is sure that consumer confidence is strong enough to…
Understanding financial consolidation-Fed Ferguson
US Federal Reserve vice chairman Roger Ferguson gave a speech on Feb 27 titled "Understanding Financial Consolidation" at a conference sponsored by the Securities Industry Association. In the speech, he presented the results of a major study commissioned…
Fed executive picked for position with US Treasury
In a widely expected move, Peter Fisher, the executive vice president in charge of markets for the Federal Reserve Bank of New York, has been appointed as the Domestic Finance Official at the US Treasury.
Central bankers discuss e-commerce at NY Fed
International central bankers on Feb 23, 2001 discussed how greater use of the Internet might affect monetary policy but said no definitive conclusions had been reached
'Risk Management in Diversified Banks'-Fed Cumming
In the latest issue of the New York Fed "Economic and Policy Review" there is a article on "The Challenges of Risk Management in Diversified Financial Companies," by Christine M. Cumming and Beverly J. Hirtle. Christine Cumming is the director of…