Amy Farber Old Sturbridge Village (OSV) is an historic site, a living museum located in Sturbridge, Massachusetts, that has a well-developed public website. Its page about banking in the early 1800s describes the Thompson Bank (see also video of exterior), which was constructed in the 1830s in Thompson, Connecticut, was a bank until 1893, and […]
January 11, 2013
Historical Echoes: Banking in Early Nineteenth‑Century New England
Posted at 7:00 am in Historical Echoes | Permalink
January 9, 2013
Ring‑Fencing and “Financial Protectionism” in International Banking
Some market watchers and academic researchers are concerned about a “Balkanization” of banking, owing to a sharp decline in cross-border international banking activity, and an increased home bias of financial transactions.
Posted at 7:00 am in Banks, Financial Institutions, International Economics, Liquidity, Regulation | Permalink
January 7, 2013
Making a Statement: How Did Professional Forecasters React to the August 2011 FOMC Statement?
The Federal Open Market Committee (FOMC) statement released on August 9, 2011, was the first to incorporate language on “forward guidance” with an explicit date tied to the Committee’s expected path of monetary policy.
January 4, 2013
Historical Echoes: The Origins of the Piggy Bank
Looking far back, all the way to the Middle Ages, people were in many ways very similar to those living today.
Posted at 7:00 am in Historical Echoes | Permalink
January 2, 2013
A “Reference Price Auction” to Buy or Sell Different Assets Simultaneously
In finance, auctions are often conducted to buy or sell simultaneously various assets with very different characteristics.
Posted at 7:00 am in Financial Markets | Permalink
December 31, 2012
Why Isn’t the Thirty‑Year Fixed‑Rate Mortgage at 2.6 Percent?
As of mid-December, the average thirty-year fixed-rate mortgage was near its historic low of about 3.3 percent, or half its level in August 2007 when financial turmoil began.
December 21, 2012
The Path of Economic Recovery from Superstorm Sandy
Superstorm Sandy caused damage and disruption to a wide swath of the New
York-New Jersey region.
December 20, 2012
How Will We Pay For Superstorm Sandy?
While the full extent of the harm caused by superstorm Sandy is still unknown, it’s clear that the region sustained significant damage and disruption, particularly along the coastal areas of New York, New Jersey, and Connecticut.
Posted at 7:00 am in Regional Analysis | Permalink
December 19, 2012
The Impact of Superstorm Sandy on New York City School Closures and Attendance
On October 29, superstorm Sandy hit the tri-state area, flooding streets, highways, tunnels, buildings, and homes, and crippling the region’s public transit system.
December 18, 2012
The Welfare Costs of Superstorm Sandy
As most of the New York metropolitan region begins to get back to normal following the devastation caused by superstorm Sandy, researchers and analysts are trying to assess the total “economic cost” of the storm.
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