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Shadow Banking and the Chinese Economy

Shadow Banking and the Chinese Economy

Shadow banking can have economic advantages, but its underground nature can cause serious systemic risks. Following the 2008 recession, numerous individuals and investors began to look for higher yields and a more diversified portfolio through the shadow banking system. As a result, shadow banking in China ballooned. A new post in our St. Louis Fed On the Economy blog examines the risk of the shadow banking system on the Chinese economy.

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From the President

April 7, 2014

"Two Views of International Monetary Policy Coordination"

Bullard

St. Louis Fed President James Bullard discussed a traditional view and an alternative view of monetary policy coordination at the 27th Asia/Pacific Business Outlook Conference. While he noted that there is room for debate, Bullard endorsed the traditional view, in which policymakers follow good policy focused on domestic variables and the gains from international monetary policy coordination are small.

News Release | Presentation (PDF)

April 2014

"The Rise and Fall of Labor Force Participation in the U.S."

In The Regional Economist, St. Louis Fed President James Bullard shared his perspectives on U.S. labor force participation. He concluded that demographically based empirical models of the trend in the labor force participation rate do a good job of explaining the data. To the extent these models are correct, Bullard said the unemployment rate remains as good an indicator of overall labor market health as it has been historically.

Article

Bio | President's Web Site
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