Search Results
Speech
U.S. Regulations and Approaches to Cryptocurrencies
Remarks at the BIS Central Bank Legal Experts’ Meeting, Basel, Switzerland
Speech
100 Years at 33 Liberty Street
Remarks at New York Fed Alumni: Celebrating 100 Years of Making Our Mission Possible, Federal Reserve Bank of New York, New York City.
Newsletter
How FAIR Plans Confronted Redlining in America
Access to financial services, including insurance, is vital for the growth and development of communities. Without banks issuing residential mortgages and business loans, it is extremely difficult for people to purchase homes and grow their businesses. Without property insurance, banks will be reluctant to provide such loans. Thus, the inability to access property insurance makes communities more vulnerable to cycles of disinvestment and decline. In this Chicago Fed Letter, I examine the Fair Access to Insurance Requirements (FAIR) plans, how they addressed the issues of insurance ...
Journal Article
Connecting a Region Apart
The Appalachian Regional Commission, created in the 1960s, became a model for regional economic development programs.
Working Paper
Spatial Patterns of Development: A Meso Approach
Over the last two decades, the literature on comparative development has moved from country-level to within-country analyses. The questions asked have expanded, as economists have used satellite images of light density at night and other big spatial data to proxy for development at the desired level. The focus has also shifted from uncovering correlations to identifying causal relations, using elaborate econometric techniques including spatial regression discontinuity designs. In this survey we show how the combination of geographic information systems with insights from disciplines ranging ...
Journal Article
Is Dollar Dominance in Doubt?
The dollar has been the global currency of choice for nearly a century, but in light of recent U.S.-led financial sanctions, some wonder whether that status will endure.
Discussion Paper
How Has the Business of International Banking Changed?
In this post, I focus on the broad historical progression of international banking activity. This broad progression serves as a backdrop for a range of other discussions and posts on global banking, on issues such as foreign banking organizations’ use of liquidity facilities in the United States and the role of banks in international risk-sharing and international transmission of shocks. It also helps explain the policy regimes in place through recent financial crises and even some of the data gaps that regulators and researchers have encountered.
Journal Article
The Many Lives of Federal Job Training
Federal job training programs have long enjoyed bipartisan support. Yet their emphasis has varied greatly across the years. At times, they have been advocated primarily as a means of helping workers displaced by automation or international trade. At other times, the focus has been on creating opportunities for those from disadvantaged backgrounds. More recently, they have gained attention as a possible remedy for a perceived "skills mismatch" that many observers see reflected in record high job vacancy rates.