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Presentation by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the European Economics and Financial Centre Distinguished Speakers Seminar, London, England, November 10, 2009
Persistent link: https://www.econbiz.de/10010726550
Since August 1995, Japanese banks have had to pay a premium on Eurodollar and Euroyen interbank loans relative to their U.S. and U.K. competitors. This so-called "Japan premium" provides a market indicator of investor anxiety about the ability of Japanese banks to repay loans. We examine the...
Persistent link: https://www.econbiz.de/10005501369
This paper describes the Coalition Provisional Authority's attempts to stabilize and reform Iraq's economy along market … lines. It argues that while security concerns remain serious, Iraq's economy has not been crippled by violence. However …, sustained economic growth will depend on whether Iraq's future leaders pursue the pro-market approaches the Coalition has …
Persistent link: https://www.econbiz.de/10002558952
Even in a world with rational expectations, it has been well established theoretically that if the central bank possesses information superior to that available to the public, there is room for effective and socially beneficial countercyclical monetary policy. This paper tests whether...
Persistent link: https://www.econbiz.de/10005379729
A key provision of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) was prompt corrective action (PCA). PCA emphasized early intervention by bank supervisors and was intended to limit forbearance by making supervisory intervention more timely and less discretionary....
Persistent link: https://www.econbiz.de/10005379744
Japanese banks are among the world's largest global financial intermediaries, with a significant presence in many regions, particularly the United States and Southeast Asia. In addition to being among the world's largest banks, they have some of the world's largest problems. Recent studies have...
Persistent link: https://www.econbiz.de/10005379769
This paper studies how a bank’s diversification affects its own risk taking behavior and the risk taking of competing, nondiversified banks. By combining theories of bank organization, market structure and risk taking, I show that greater geographic diversification of banks changes a bank’s...
Persistent link: https://www.econbiz.de/10010551193
Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Federal Reserve Bank of Boston's 57th economic conference, "Fulfilling the Full Employment Mandate - Monetary Policy and the Labor Market", Federal Reserve Bank of Boston, Boston,...
Persistent link: https://www.econbiz.de/10010726538
Korea and Bank for International Settlements Seminar, Household Debt: Implications for Monetary Policy and Financial …
Persistent link: https://www.econbiz.de/10010726555
Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at The Sasin Bangkok Forum on "Asia in Transformation", Bangkok, Thailand, July 9, 2012.
Persistent link: https://www.econbiz.de/10010726579