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Rebuild to Fail or Rebuild to Adapt: How CRA Lending Can Guide Climate Change Disaster Response
Wildfire risk mitigation plans can be a model for promoting adaptive reconstruction after climate change-related natural disasters. This approach represents a middle ground between disaster recovery and long-term risk associated with climate change
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Monetary Policy in Uncertain Times
The Federal Reserve has taken bold steps this past year, both in the approaches to stimulate the economy and the way it talks about policy. The Fed’s initiatives are working, and represent the best course to move toward maximum employment and price stability. The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Semiconductor Materials and Equipment International (SEMI) 2013 Industry Strategy Symposium, in Half Moon Bay, California, on January 14, 2013.
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Macroprudential Policy in a Microprudential World
Events of the past decade have refocused attention on the potential contributions of monetary policy and macroprudential approaches to fostering financial stability. However, monetary policy is poorly suited for dealing with financial stability concerns. Instead, given the scarcity of explicit macroprudential tools in the United States, microprudential regulations and supervision are used to achieve macroprudential goals. The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Symposium on Asian Banking and Finance in Singapore May 28.
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Japan’s Complicated Role as a Global Safe Haven
Today we launch a new series, Rethinking Asia, as we consider noteworthy and unusual trends in Asian finance and economics. In our first episode, we sat down with Jesper Koll, head of Japan at WisdomTree, a global asset manager. In our conversation, Jesper discusses in depth the history and forces behind Japan’s distinction as a safe haven for global investors. He explains why assets like the yen and Japanese government bonds rally during periods of regional or global turmoil.
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Macroprudential Policy in a Microprudential World
Symposium on Asian Banking and Finance
Singapore, Singapore
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The Outlook for Recovery in the U.S. Economy1
Watch Video It’s a pleasure to appear before a group of professionals who spend as much time trying to understand the financial markets and the economy as I do. It’s fair to say that the last two or three years have provided all of us an education—a far-from-welcome one—of just how complex these subjects are. […]
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Prospects for the U.S. Economy in 2008
Prospects for the U.S. Economy in 2008 Good morning, and thank you very much for inviting me to speak to you today. I was very pleased that things worked out for us to get together here at the San Francisco Fed, and I want you to know that we’re delighted to have you. I’d also […]
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Prospects for the Economy in 2008
Good evening, and thanks for inviting me to be part of CFA Hawaii’s Annual Economic Forecast Dinner tonight. As President of the Federal Reserve Bank of San Francisco, it’s my responsibility to be in touch with what’s happening to the economy throughout our District, which includes Hawaii and eight other Western states. I do this […]
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Prospects for the Economy in 2008
This Economic Letter is adapted from a speech by Janet L. Yellen, president and chief executive officer of the Federal Reserve Bank of San Francisco, to the Chartered Financial Analysts of Hawaii in Honolulu, Hawaii, on February 7, 2008.
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Gillian Tett on Trust and Contagion During the Asian Financial Crisis
In the second episode of our series on the Asian financial crisis, we talked with Gillian Tett, U.S. managing editor of the Financial Times. Gillian was based in Asia at the time of the crisis and witnessed it spread across the region. In the interview, she relays her experience in Asia in 1997 and how it helped her spot warning signs ahead of the 2008 global financial crisis.