Liberty Street Economics

February 13, 2012

How Colleges and Universities Can Help Their Local Economies

Policymakers are increasingly viewing colleges and universities as important engines of growth for their local areas.

February 10, 2012

Historical Echoes: Return to Jekyll Island (Not The Creature from)

On November 5-6, 2010, the Federal Reserve Bank of Atlanta and Rutgers University cosponsored a conference titled “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve.”

Posted at 7:00 am in Historical Echoes | Permalink
February 8, 2012

Do Payday Lenders Target Minorities?

Payday lenders make small, short-term loans to millions of households across the country.

February 6, 2012

How Has the Business of International Banking Changed?

In this post, I focus on the broad historical progression of international banking activity.

February 3, 2012

Historical Echoes: When Pigskins Fly – the Super Bowl and Other “Predictors”

More than three decades ago, Robert Stovall, a money manager, championed a theory put forth by a sports columnist.

February 1, 2012

Tough Decisions, Depleted Revenues: New Jersey’s Education Finances during the Great Recession

Today’s post, which complements Monday’s on New York State, considers the Great Recession’s impact on education funding in New Jersey.

January 30, 2012

How Did the Great Recession Affect New York State’s Public Schools?

Surprisingly, there is no literature on how recessions (including the Great Recession) have affected schools.

January 13, 2012

Historical Echoes: The Double Eagle Lands at the New York Fed

The most expensive coin in the world, the famed 1933 Double Eagle, is on display to the public at the New York Fed.

Posted at 7:00 am in Historical Echoes | Permalink
January 11, 2012

Why Mortgage Refinancing Is Not a Zero‑Sum Game

In a recent speech, New York Fed President William Dudley called for actions “to see refinancing made broadly available on streamlined terms and with moderate fees to all prime conforming borrowers who are current on their payments.”

Posted at 7:00 am in Crisis, Housing | Permalink | Comments (8)
January 9, 2012

Cash Assets of Foreign Banks: An Example of Seasonal Adjustment Gone Awry

Federal Reserve Statistical Release H.8 provides aggregate data on the assets and liabilities of commercial banks in the United States

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