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Even in a world with rational expectations, it has been well established theoretically that if the central bank …
Persistent link: https://www.econbiz.de/10005379729
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
Recently, several central banks have lost their bank supervisory responsibilities, in part because it has not been … monetary policy should be an important consideration when evaluating the structure of the central bank. …
Persistent link: https://www.econbiz.de/10005713306
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Bank of Korea and Bank for International Settlements Seminar, Household Debt: Implications for Monetary Policy and Financial Stability, Seoul, Korea, March 27, 2008
Persistent link: https://www.econbiz.de/10010726555
Whether central banks should play an active role in bank supervision and regulation is being debated both in the United … considering enhancing central bank involvement in this area. Many of the arguments for and against these proposals hinge on the … effect this change would have on the ability of the central bank to conduct monetary policy. We find that confidential …
Persistent link: https://www.econbiz.de/10005713293
One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of … portfolios held by central banks can significantly improve the efficiency of the anti-sudden stop mechanism. We illustrate this …
Persistent link: https://www.econbiz.de/10005501365
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
competitors. This paper was prepared for the Second Annual Conference of the Central Bank of Chile, "Banking, Financial …
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
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