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Conference Paper
Credit availability in the Minneapolis-St. Paul Hmong community
Conference Paper
Are banking supervisory data useful for macroeconomic forecasts?
Discussion Paper
Are banking supervisory data useful for macroeconomic forecasts?
Some argue that central banks can improve monetary policy by including confidential supervisory assessments of banking organizations in their forecasts of inflation and unemployment. In this study we examine the extent to which forecasts of these variables would have been improved with the inclusion of supervisory data. We begin by reproducing the earlier results used to support the claim. We critically examine them and extend the analysis from in-sample to out-of-sample testing. Finally, we check the robustness of our findings by extending the analysis period, using a different methodology ...
Discussion Paper
Quantifying the costs of additional regulation on community banks
In this Economic Policy Paper, we quantify the cost of increased regulation on community banks. We do so by modeling the impact of new regulatory costs as the hiring of additional staff, resulting in higher total compensation and lower profitability. We then analyze the changes in the distribution of community bank profitability.
Journal Article
Financial modernization, the FHLB and agricultural banks
Journal Article
A bank by any other name
Journal Article
In banking, less can equal more
Though consolidation continues, banking services have nonetheless expanded considerably throughout the Ninth District
Journal Article
Why all concerns about subprime lending are not created equal