Recent financial developments are calling into question the future of regional economic integration.
October 17, 2011
Back to the Future: Revisiting the European Crisis
Posted at 10:00 am in Crisis, Economic History, Exchange Rates, Exports, International Economics | Permalink
October 14, 2011
Historical Echoes: The 1960s View of Modern Banking
In 1961, the Merchandise National Bank of Chicago produced a film presenting the newest development in leading-edge banking technology: computers.
Posted at 10:00 am in Historical Echoes | Permalink
October 12, 2011
Short‑Term Debt, Rollover Risk, and Financial Crises
One of the many striking features of the recent financial crisis was the sudden “freeze” in the market for the rollover of short-term debt.
Posted at 7:00 am in Credit, Crisis, Financial Institutions, Financial Markets, Inflation | Permalink
October 11, 2011
Did the Fed’s Term Auction Facility Work?
We argue that the Fed’s Term Auction Facility (TAF), introduced in December 2007, lowered the cost of borrowing of banks in the market during the recent financial crisis.
October 7, 2011
Historical Echoes: When Virtual Money Saved the Day
In 1993, a plan hatched by four former economics grad school students helped rescue Brazil from a fifty-year inflationary spiral after all other attempts had failed.
Posted at 10:00 am in Historical Echoes | Permalink
October 5, 2011
How Well Do Financial Markets Separate News from Noise? Evidence from an Internet Blooper
How efficiently do financial markets process news of unexpected events?
Posted at 7:00 am in Financial Markets | Permalink
October 3, 2011
What If the U.S. Dollar’s Global Role Changed?
It isn’t surprising that the dollar is always in the news, given the prominence of the United States in the global economy and how often the dollar is used in transactions around the world (as discussed in a 2010 Current Issues article).
September 30, 2011
Historical Echoes: Travel Back in Banking Time with American Banker
To celebrate its 175th anniversary, American Banker is featuring selected articles that describe important and interesting events in banking history.
Posted at 10:00 am in Historical Echoes | Permalink
September 28, 2011
The Productivity Slowdown Reaffirmed
Economists generally agree that productivity is the primary ingredient for sustainable growth in GDP and wages.
Posted at 7:00 am in Macroeconomics | Permalink
September 26, 2011
An Examination of U.S. Dollar Declines
Although the dollar strengthened somewhat recently, its level relative to the currencies of the United States’ main trading partners is nonetheless 11 percent lower than it was at the start of 2009.
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