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Author:Pike, Christopher J. 

Journal Article
Standardizing world securities clearance systems

A discussion of how the dramatic increase in the volume of international securities trading has strained the present system of settling trades. Included are nine recommendations made by the Group of Thirty to reduce the risk and cost of trading in financial markets worldwide and the difficulties that would accompany implementation of a new system.
Economic Commentary , Issue Apr

Journal Article
Oil, the economy, and monetary policy

An examination of the theoretical impact of an oil shortage on the U.S. economy and the problems that such shortages present for monetary policy.
Economic Commentary , Issue Nov

Journal Article
The RTC and the escalating costs of the thrift insurance mess

An examination of the structure of the Resolution Trust Corporation and of its performance in resolving the savings and loan insurance crisis, defining the obstacles that may be impeding the RTC's effectiveness in closing insolvent thrifts and returning their assets to the private sector.
Economic Commentary , Issue May

Journal Article
Median price changes: an alternative approach to measuring current monetary inflation

An analysis concluding that inflation measures based on median price changes are a better indicator than measures based on mean price changes.
Economic Commentary , Issue Dec

Journal Article
FDICIA's prompt corrective action provisions

A review of the origins of FDICIA's early intervention policy and the political economy arguments for supporting it, with emphasis on the specific sections of the law that pertain to this policy and the ways in which the new guidelines will impact the future of the nation's depositories.
Economic Commentary , Issue Sep

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