SF Fed Blog
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Why Is the Federal Reserve’s Balance Sheet Still So Big? Our Animated Economic Letter Explains
During the global financial crisis, the Fed grew its balance sheet to stimulate the United States economy. Now that the economy is stable, why is the balance sheet still so big? Get the basics with this quick video.
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Impacts of Cashless Business on Financial Inclusion
As retailers and restaurants experiment with going cash-free, a new paper from the Federal Reserve’s Cash Product Office explores the benefits to businesses while also cautioning that the practice could alienate over a quarter of U.S. consumers.
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San Francisco Fed President Daly and Team Visit Singapore
San Francisco Fed President Mary C. Daly visited Singapore in early June, where she co-hosted and delivered a keynote speech at the Asia Symposium and met with various institutions. Here’s a trip recap from our Asia Program team.
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Implications of Asia’s Gender Gap in Financial Inclusion
Across the world, women face a variety of hurdles to reaching their full economic potential. Challenges associated with educational and financial access, structural economic factors, and culture can all pose impediments to women’s economic participation. This blog reviews women’s access to the financial services as well as the decision-making that enable them to prosper in economic terms.
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Parabéns to Economist Fernanda Nechio’s New Role with Central Bank of Brazil
Congratulations to Fernanda Nechio for being appointed as Deputy Governor on the Central Bank of Brazil’s monetary policy committee! In her new office, Nechio will also oversee International Affairs and Corporate Risk Management.
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Can Korea Move Beyond Government-Backed Small Business Lending?
Korea has some of the most supportive policies for startups and small businesses, including an abundant supply of government-backed loans, due to their role as an employment engine. Support for small businesses is poised to remain strong as the country undergoes a strategic shift toward inclusive and innovation led growth. However, critics point to data suggesting government programs enable poor performance among companies. In response, policymakers have introduced measures to diversify financing, increase the role of capital markets, and improve productivity.
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Under $10: Nearly Half of Consumers Pay with Cash
In the United States, 49% of consumers use cash when paying for small-value payments according to a new report from the Federal Reserve Cash Product Office.
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Zip Code Economies Connects Stories of Hope with Fed Mission
Economic research tells us that zip code is destiny. In the San Francisco Fed’s new podcast, President Mary C. Daly finds that’s not always true, sharing stories of people, community, and hope from unlikely places.
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India’s Non-banks Emerge from the Shadows
Discussion of shadow banking in Asia is often dominated by developments in China, but India’s non-banking financial companies are gaining increasing attention as among the fastest growing in the world. Meanwhile, the bankruptcy of a large Indian NBFC in 2018 has put the sector under media scrutiny. Despite increasing risks to growth, India’s NBFC sector is still on track to expand at a rapid pace as it plays an important role in the financial system.
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SF Fed Visiting Scholar Nakamura Named 2019 Clark Medalist
The American Economic Association named Emi Nakamura the best young American economist for 2019. This John Bates Clark medalist contributes to the San Francisco Fed through her work as a visiting scholar in Economic Research. Photo provided by UC Berkeley.