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Journal Article
Financial crises and market regulation
Financial crises typically arise from mismanagement by governments which seek, usually with the most sincere and honorable intentions, to reduce or eliminate some constituent's risk exposure. But risk cannot be eliminated, only redistributed. Mr. Jordan, president and chief executive officer of the Federal Reserve Bank of Cleveland, recently discussed this problem at the Eighth Annual Financial Markets Conference, held at the Federal Reserve Bank of Atlanta.
Journal Article
The challenge of stability: Mexico's pursuit of sound money
How can Mexico best achieve a stable standard of value and, hence, sound money? Mr. Jordan, president and chief executive officer of the Federal Reserve Bank of Cleveland, explored this question in his address to the DUXX Graduate School of Business Leadership at its Forum on Public Policy in Monterrey, Mexico. This Economic Commentary is adapted from his remarks.
Journal Article
The evolving global monetary order
In a speech at the Cato Institute, Jerry L. Jordan, President and CEO of the Federal Reserve Bank of Cleveland, discussed the forces shaping the emerging global monetary order and offered guidelines for the design of any international organization promoting efficient international financial markets. This Economic Commentary is adapted from his remarks at the Institute's Seventeenth Annual Monetary Conference on October 21, 1999.
Journal Article
Money, fiscal discipline, and growth
An examination of the role of sound money in promoting national prosperity, emphasizing the hazards that emanate from fiscal policies and the challenges that will accompany the European Monetary Union.
Journal Article
Wealth, economic infrastructure, and monetary policy
An argument that it's not the specific "growth" programs that governments enact which determine a nation's prosperity, but the totality of the state's attitude toward the accumulation of private wealth, including the central bank's management of money.
Journal Article
Community lending and economic development
A call for lending institutions to reconsider the problems associated with improving credit access in our inner cities, addressing not only the elimination of lending discrimination, but also the importance of enacting public policies that foster economic development and a strong banking presence in minority neighborhoods.
Journal Article
The century of markets
We are in the midst of a great transition, from an age in which governments intervened in nearly every facet of economic affairs to one in which market forces not only make political borders transparent to commerce but also shape political policies. This Economic Commentary is adapted from the John Bonython Lecture given by Jerry L. Jordan, president and CEO of the Federal Reserve Bank of Cleveland, at the Centre for Independent Studies in Sydney, Australia, in November 1999.
Journal Article
Effective supervision and the evolving financial services industry
Technology, market consolidation, international competition, and new legislation are changing the face of the financial services industry. How are the agencies responsible for ensuring the safety and soundness of our financial system responding? This Commentary is adapted from a keynote address given by Jerry L. Jordan, president and chief executive officer of the Federal Reserve Bank of Cleveland, at the 111th Annual Meeting of the Ohio Bankers association in May 2001.
Journal Article
Jobs creation and government policy
An argument by Federal Reserve Bank of Cleveland President Jerry Jordan that the proper focal point of public policy is not creating jobs but creating wealth, thus allowing for the highest standard of living.