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.
- 04/10 | Financial Market Stress Rises Slightly over Previous Week
- 04/10 | St. Louis Fed’s Regional Economist Examines the Role of Fed Credibility by Looking at Interest and Inflation Rates for the Past 50 Years
- 04/07 | St. Louis Fed Launches Two New Blogs
- 04/07 | St. Louis Fed’s Bullard Discusses Two Views of International Monetary Policy Coordination
- 04/17 | Itta Bena, Miss.
Financial Literacy: Laying the Foundation for a Secure Financial Future
- 04/18 | West Memphis, Ark.
Youth Entrepreneurship and Finance
- 05/06 | St. Louis, Mo.
The St. Louis Fed at 100: Reflections on the "Maverick" Reserve Bank
- 05/08 - 05/09 | St. Louis, Mo.
The Balance Sheets of Younger Americans: Is the American Dream at Risk?
- 04/15 | Opening remarks by Chair Yellen at the 2014 Financial Markets Conference
- 04/09 | Minutes of the Federal Open Market Committee, March 18-19, 2014
- 04/09 | Speech by Governor Tarullo on longer-term challenges for the American economy
- 04/03 | Jeremy C. Stein submits resignation as a member of the Board of Governors, effective May 28, 2014
April 7, 2014
"Two Views of International Monetary Policy Coordination"
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.
"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.