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Author:Hoskins, W. Lee 

Journal Article
Rethinking the regulatory response to risk-taking in banking

A perspective on regulatory reform of the financial industry, focusing on the need to revamp the deposit-insurance system and recommending greater reliance on market forces, less reliance on the regulatory apparatus, and the retention of the current framework of multiple regulatory agencies.
Economic Commentary , Issue Jun

Journal Article
A market-based view of European Monetary Union

A discussion of European economic integration, noting that monetary union is of secondary importance to free markets in pushing Europe toward its economic potential.
Economic Commentary , Issue Apr

Journal Article
The case for price stability

The testimony of Cleveland Federal Reserve Bank President W. Lee Hoskins before the U.S. House of Representatives' Subcommittee on Domestic Monetary Policy, supporting House Joint Resolution 409, which would establish achievement of price stability as the primary policy goal of the central bank.
Economic Commentary , Issue Mar

Journal Article
Price stability and regional diversity

An argument against using short-term monetary policy to alleviate regional economic shocks and an analysis of how regional economic diversity lends strength to the goal of price stability as the Federal Reserve System's sole monetary policy focus.
Economic Commentary , Issue May

Journal Article
A European system of central banks: observations from abroad

A proposal for establishing price stability as the sole objective of a European system of central banks.
Economic Commentary , Issue Nov

Journal Article
Payment system risk and financial reform

An opinion by Cleveland Federal Reserve Bank President W. Lee Hoskins that shrinking the federal safety net, including the payments system, must be a precondition of financial reform in the United States.
Economic Commentary , Issue Aug

Journal Article
Breaking the inflation-recession cycle

A discussion of recessions, caused by inflationary monetary policies as well as nonmonetary surprises, and a prescription for attaining maximum sustainable economic growth.
Economic Commentary , Issue Oct

Journal Article
Price stability and world economic recovery

An assertion that central banks can promote long-term investment and stable economic growth only by guaranteeing price stability and that a coordinated global easing of monetary policies would damage central-bank credibility and jeopardize progress against inflation.
Economic Commentary , Issue Jul

Journal Article
Financial reform at a crossroads

A discussion of the serious banking problems created by the conflict between market forces and regulation, featuring comments on regulation, deposit insurance, and objectives for financial reform.
Economic Commentary , Issue Dec

Journal Article
Defending zero inflation: all for naught

A response by the Federal Reserve Bank of Cleveland president to critics of his continuing advocacy of zero inflation as the overriding objective of monetary policy.
Economic Commentary , Issue Apr

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