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Journal Article
Fed intervention: managing moral hazard in financial crises
At the end of September 2008, U.S. policymakers had been working for more than a year to contain the shock waves from plunging home prices and the subsequent financial market turmoil. For the Federal Reserve, the crisis has given new meaning to the adage that extraordinary times call for extraordinary measures. The central bank has dusted off Depression-era powers and rewritten old rules to address serious risks to the global financial system.
Journal Article
Law firms go global: taking Texas talent to a worldwide market
Journal Article
Five years of the euro: successes and new challenges
Journal Article
America's trade deficit: the latest false alarm
Journal Article
Is Latin America saying adios to market-friendly reforms?
This issue of the Economic Letter finds that Latin America hasn't lost faith in open markets, despite recent left-leaning election results. ; In analyzing several economic policy measures for 12 nations that make up the bulk of the Latin American population, authors William C. Gruben and Richard Alm find no wholesale erosion of market-based policies outside of Argentina, the Dominican Republic and Venezuela, and most countries are running in place.
Report
Opportunity knocks: selling our services to the world
Over the past century, the U.S. has developed a deep, diverse pool of skilled, productive and well-paid service providers.
Journal Article
The upside of downsizing
Report
The new paradigm