The long and winding road to regulatory reform
The challenges ahead
Remarks at the Center for the New Economy 2010 Economic Conference, San Juan, Puerto Rico.
Observations on the global economy and financial system
Remarks at the IIF Annual Meeting of Latin America Chief Executives, Santiago, Chile.
The longer-term challenges ahead
Remarks at the Council of Society Business Economists Annual Dinner, London, United Kingdom.
Asset bubbles and the implications for central bank policy
Remarks at The Economic Club of New York, New York City.
Remarks at Panel Discussion on OTC Derivatives Reform and broader financial reforms agenda
Remarks at the 2013 OTC Derivatives Conference, Paris, France.
Solving the too big to fail problem
Remarks at the Clearing House's Second Annual Business Meeting and Conference, New York City.
Fixing wholesale funding to build a more stable financial system
Remarks at the New York Bankers Association's 2013 Annual Meeting & Economic Forum, The Waldorf Astoria, New York City.
U.S.economic policy in a global context
Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.
Shadow banking: a review of the literature
We provide an overview of the rapidly evolving literature on shadow credit intermediation. The shadow banking system consists of a web of specialized financial institutions that conduct credit, maturity, and liquidity transformation without direct, explicit access to public backstops. The lack of such access to sources of government liquidity and credit backstops makes shadow banks inherently fragile. Much of shadow banking activities is intertwined with the operations of core regulated institutions such as bank holding companies and insurance companies, thus creating a source of systemic ...