-
Economic Commentary
01.01.2003 |
EC 1/1/2003
Accounting scandals, executive misconduct, and poor management at once-prosperous corporations have shaken investor confidence in corporate integrity, and worse, in the mechanisms that are supposed to ensure good corporate management.
-
Economic Commentary
06.01.2001 |
EC 6/1/2001
Technology, market consolidation, international competition, and new legislation are changing the face of the financial services industry.
-
Economic Commentary
01.01.2001 |
EC 1/1/2001
The information technology revolution offers a great opportunity to leap forward in our collective prosperity. All of us stand to benefit.
-
Economic Commentary
08.15.2000 |
EC 8/15/2000
Economists should focus on the more interesting and useful question: Howdo we create the sort of environment in which innovation and the productiveuse of new technology thrive, thereby creating economic prosperity?
-
Economic Commentary
02.15.2000 |
EC 2/15/2000
We are in the midst of a great transition,from an age in which governmentsintervened in nearly everyfacet of economic affairs to one inwhich market forces not only makepolitical borders transparent to commerce,they shape political policies.
-
Economic Commentary
01.01.2000 |
EC 1/1/2000
In a speech at the Cato Institute,Jerry L. Jordan, President and CEOof the Federal Reserve Bank of Cleveland,discussed the forces shaping theemerging global monetary order.
-
Economic Commentary
10.01.1999 |
EC 10/1/1999
Financial crises are inevitable. Both government intervention and market innovations can influence the frequency and severity of these episodes, but they cannot eliminate them.
-
Economic Commentary
03.15.1999 |
EC 3/15/1999
Mexico needs a stable standard of value. Indeed, no economy can achieve its potential without a stable standard of value.
-
Economic Commentary
09.01.1997 |
EC 9/1/1997
History will regard the last quarter of the twentieth century as a time when the world reawakened to one of Adam Smith’s most important observations.
-
Economic Commentary
08.01.1997 |
EC 8/1/1997
Acountry’s choice of institutions profoundly affects its wealth and development. Institutions constitute a nation’s economic “infrastructure,” the framework on which enterprise is built.
-
Economic Commentary
10.01.1996 |
EC 10/1/1996
Before the Great Depression of the 1930s, the notion that government ought to be responsible for creating jobs would have seemed absurd.
-
Economic Commentary
09.15.1996 |
EC 9/15/1996
At the turn of the century, one of the largest employers in America was the U.S. Ice Trust, which cut, stored, and delivered ice for people’s "iceboxes."
-
Economic Commentary
04.01.1996 |
EC 4/1/1996
I believe that in the years to come, bank auditors will be playing an ever increasing role in the regulatory system and in ensuring the well-being of banks and the financial system.
-
Economic Commentary
08.01.1995 |
EC 8/1/1995
The future of banking cannot be discussed without talking about regulation. Simply put, regulation is what has defined banking as we know it.
-
Economic Commentary
10.15.1994 |
EC 10/15/1994
The financial press is full of stories lately about the risks associated with financial derivatives. The casual reader might think that some new risks have been invented, or that our financial system is riskier now than it was a few years ago.
-
Economic Commentary
07.15.1994 |
EC 7/15/1994
Just as U.S. business activity was poised to burst from under the lingering shadows of the 1990-91 recession, monetary policy took a decidedly restrictive turn this year.
-
Economic Commentary
11.15.1993 |
EC 11/15/1993
Improving access to credit by minority and low-income communities represents a serious challenge to lenders, community residents, and government officials.
-
Economic Commentary
10.01.1993 |
EC 10/1/1993
In the summer of 1971, the United States suspended the limited convertibility of the dollar for gold.
-
Economic Commentary
08.01.1993 |
EC 8/8/1993
Mexico has been making important progress on several economic fronts, moving toward less inflation, increased reliance on privately owned capital and companies, and greater integration of its economy with those of other nations.
-
Economic Commentary
04.15.1993 |
EC 4/15/1993
If you laid all the economists in the world end to end, or so the story goes, they would never reach a conclusion. On one subject, at least, this maxim is inaccurate.
-
Economic Commentary
03.15.1993 |
EC 3/15/1993
Regulatory requirements and prohibitions impose significant, although sometimes unintended, taxes on the business of banking.
-
Economic Commentary
12.01.1992 |
EC 12/1/1992
Bumper stickers sometimes convey important ideas. In the 1980s, a familiar one on America’s highways read "VISUALIZE WORLD PEACE." The underlying idea was that visualizing helps people behave in ways that tend to bring the vision to reality.
-
Economic Commentary
11.01.1992 |
EC 11/1/1992
A learned early in my career as a business economist that perhaps the worst answer an economist can give to a question is, "I don’t know."
-
Economic Commentary
05.15.1992 |
EC 5/15/1992
One of the peculiar aspects of my return to the monetary policymaking arena has been the media’s interest in labeling me a "hawk" or "dove," or someone who is anti-inflation or pro-growth.
