Historical Echoes: Aye, That Piece of Eight You Be Thinkin’ of Were a Precursor to Today’s Dollar
Why do we associate pieces of eight with pirates?
Rising Household Debt: Increasing Demand or Increasing Supply?
Total consumer debt continued to increase in the first quarter of this year, marking the first time since the recession that aggregate debt had grown for three consecutive quarters, according to the May 2014 Quarterly Report on Household Debt and Credit.
Historical Echoes: The Trouble with Money
“The trouble with money,” said a Federal Reserve Bank of New York publication in the 1960s, “as with all material things in the world, is that it does not last forever.”
Just Released: What Kinds of Jobs Have Been Created during the Recovery?
At today’s regional economic press briefing, we provided an update on economic conditions in New York, northern New Jersey, and Puerto Rico, with a special focus on the kinds of jobs that have been created in each of these places during the recovery.
Why U.S. Exporters Use Letters of Credit
Banks play a critical role in international trade by offering letters of credit (LCs) that substantially reduce the risk faced by exporters.
The Trade Finance Business of U.S. Banks
Banks facilitate international trade by providing financing and guarantees to importers and exporters.
Just Released: The New York Fed Staff Forecast—May 2014
Today, the Federal Reserve Bank of New York (FRBNY) is hosting the spring meeting of its Economic Advisory Panel (EAP).
Will the United States Benefit from the Trans-Pacific Partnership?
U.S. involvement in what could be one of the world’s largest free trade agreements, the Trans-Pacific Partnership (TPP), has garnered a lot of attention, especially since the entry of Japan into negotiations last year.
When Are Equity Investors Paid to Take Risk?
Most gauges of “the” equity risk premium have declined since the financial crisis but remain elevated, even as broad market indexes near record highs.
Just Released: Young Student Loan Borrowers Remained on the Sidelines of the Housing Market in 2013
Last year, our blog presented results from the FRBNY Consumer Credit Panel (CCP) indicating that, at a time of unprecedented growth in student debt, student borrowers were collectively retreating from housing and auto markets. In this post, we compare our 2012 findings to the news for 2013.