How do bankers do calculations? Currently, on the computer (or calculator).
February 15, 2013
Historical Echoes: Bankers Behaving Calculatingly – with Slide Rules
Posted at 7:00 am in Historical Echoes | Permalink
February 13, 2013
Underwater and Drowning? Some Facts about Mortgages that Could Be Targeted by Eminent Domain
Since the onset of the subprime crisis, many places across the United States have been affected by high levels of negative equity (meaning that borrowers owe more on their mortgages than their homes are worth), an associated flood of foreclosures, and loss of local wealth.
February 11, 2013
The Exchange Rate Disconnect
Why do large movements in exchange rates have small effects on international goods prices?
February 8, 2013
Historical Echoes: Neither a Lender nor a Borrower Be, or When the Bard Met the Fed
These lines come from a 1929 play, Shakespeare in Wall Street, a mash-up of famous Shakespearean characters from various plays set to the story of the stock market crisis just then in motion.
Posted at 7:00 am in Historical Echoes | Permalink
February 6, 2013
How Did Education Financing in New Jersey’s Abbott Districts Fare during the Great Recession?
In the state of New Jersey, any child between the ages of five and eighteen has the constitutional right to a thorough and efficient education.
February 4, 2013
Did Securitization Lead to Riskier Corporate Lending?
There’s ample evidence that securitization led mortgage lenders to take more risk, thereby contributing to a large increase in mortgage delinquencies during the financial crisis.
January 30, 2013
Just Released: NY Fed’s Erica Groshen Becomes Commissioner of Labor Statistics
What could cap being a Liberty Street Economics blogger/editor? Apparently, for one of us, becoming a chief bean-counter. Earlier today, our colleague Erica L. Groshen was sworn in as the nation’s new Commissioner of Labor Statistics.
Posted at 9:00 am in Labor Market | Permalink
January 18, 2013
Historical Echoes: The Whimsical Side of Banking circa 1960
Modern-day banks provide many services to their customers: checking and savings accounts, mortgages, investment advice, and the like.
January 16, 2013
How Severe Was the Credit Cycle in the New York‑Northern New Jersey Region?
U.S. households accumulated record-high levels of debt in the 2000s, and then began a process of deleveraging following the Great Recession and financial crisis.
Posted at 7:00 am in Household Finance, Housing, New Jersey, New York, Regional Analysis | Permalink
January 14, 2013
China’s Impact on U.S. Inflation
U.S. import prices of consumer goods shipped from China have been moderating in recent quarters, following an upward surge of 11 percent between mid-2010 and the end of 2011.
Posted at 7:00 am in Exchange Rates, Exports, Inflation, International Economics, Macroeconomics | Permalink
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