Search Results
Journal Article
Money and inflation in a deregulated financial environment
Journal Article
Gauging the odds of a double-dip recession amid signals and slowdowns
Public sentiment says the recession isn't over. Never mind that the National Bureau of Economic Research (NBER), the arbiter of recessions, declared that the Great Recession of 2008 and 2009 officially ended in June 2009. An unrelenting pessimism constrains the recovery as consumers spend reluctantly while paying down debt, gripped by persistent fears of unemployment. The economy grew at a 2.5 percent annualized pace in the third quarter, according to the second estimate of real gross domestic product (GDP), a moderate improvement after two quarters of decelerating growth during the recovery. ...
Conference Paper
The Southwest economy: what the future holds
Conference Paper
The macroeconomic impact of bank regulatory policies
Journal Article
On the record: the dangers of complacency about risk: a conversation with Harvey Rosenblum
Dallas Fed Research Director Harvey Rosenblum discusses the stability of the U.S. economy's Great Moderation and how it set the stage for the financial turmoil that has gripped the nation since August 2007.
Journal Article
Bankers and nonbanks: a run for the money
Journal Article
The 1990s inflation puzzle
Journal Article
The U.S. economy: a brighter outlook after a bumpy ride
Journal Article
From complacency to crisis: financial risk taking in the early 21st century
During the first half of this decade, the belief that new financial products would adequately shield investors from risk encouraged financial flows to less creditworthy households and businesses. By late 2006, U.S. financial markets were flashing warning signals of a potential financial crisis. ; In a sign that investors had become too complacent, risk premiums had all but vanished in junk bond and emerging-market interest rate spreads. Then, conditions changed abruptly. In the important and usually stable market for asset-backed commercial paper, premiums on three-month paper over Treasury ...
Discussion Paper
Understanding the risks inherent in shadow banking: a primer and practical lessons learned
Examinations of the 2007?09 financial crisis often use the term shadow banking. This paper explains the form and functioning of the shadow banking system, how it relates to systemic risk and the recent financial crisis, and what particular aspects should be highlighted to benefit policymakers as they implement new regulations designed to enhance financial market resiliency. The paper is divided into two parts: The first serves as a primer on shadow banking; the second provides a narrative of how the system froze during the financial crisis and pertinent lessons learned for the current reform ...