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Series:Economic Review  Bank:Federal Reserve Bank of San Francisco 

Journal Article
Challenges to monetary policy

Economic Review , Issue Fall , Pages 4-5

Journal Article
FDIC Improvement Act and corporate governance of commercial banks

This paper examines provisions of the FDIC Improvement Act related to corporate governance of banks. These provisions focus on the composition and independence of the audit committee and on increased regulatory influence over executive compensation. The composition of audit committees for a sample of banking firms for 1990 is compared with those of industrial firms and with the provisions of FDICIA. The findings suggest only minor differences between banks and other firms; however, under FDICIA provisions, large changes in the composition of bank audit committees are likely. Provisions ...
Economic Review

Journal Article
Financial development and reform in the Pacific Basin

Economic Review , Issue Win , Pages 5-7

Journal Article
Financial market signals and banking supervision: are current practices consistent with research findings?

The trend toward incorporating information derived from financial markets into the bank supervision process has gained momentum over the past several years. This in part reflects an evolution in the thinking about how private market information can contribute to the process. In light of the evolving view of the potential contributions of market information, this paper reviews the empirical evidence relevant to the usefulness of financial market information in the bank supervision process. This paper reviews the research on what information can be gleaned from the pricing of equity and debt ...
Economic Review

Journal Article
Competition in the semiconductor industry

Economic Review , Issue Spr , Pages 41-56

Journal Article
Factors influencing community bank performance in California

Community bank performance in California lagged well behind the industry and larger banks in the state during the first half of the 1990s. This paper identifies several factors that influenced the performance of these banks, which have less than $300 million in assets and typically operate in only one region of California, during the period from 1990 to 1994. The results suggest that regional conditions within California were an important factor in community bank performance. Management decisions, especially regarding loan portfolio concentration, also were a contributing factor. Community ...
Economic Review

Journal Article
Finite horizons and the twin deficits

This paper uses Blanchard's (1985) model to study the relationship between budget deficits and trade deficits. The model is applied to annual post-war data from the U.S., Japan, and Germany. I find that in all three countries there is a significant link between trade deficits and budget deficits, holding constant expected changes in GNP and government expenditure. However, the implied planning horizons are quite different across countries. In particular, the implied planning horizon in the U.S. is only about 3 to 4 years, whereas in Japan it is 71 years and in Germany it is 31 years.
Economic Review

Journal Article
A perspective on liability management and bank risk

Economic Review , Issue Win , Pages 12-25

Journal Article
Towards a theory of international banking

Economic Review , Issue Spr , Pages 5-8

Journal Article
Inflation, supply shocks and the stable-inflation rate of capacity utilization

Economic Review , Issue Win , Pages 45-63

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