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Asset Bubbles and Systemic Risk
The past three years have dramatically underscored the interdependence of the world’s financial institutions and financial markets. The financial crisis also, by the way, increased awareness of the interdependence of the actions of monetary and fiscal authorities around the world. In light of the crisis and the reality of financial interdependence, the Federal Reserve expanded [...]
Read moreGIC Board Member, J. Paul Horne: The Independence and Regulatory Roles of the U.S. and European Central Banks Get a Fiery Political Trial
As the “Great Recession” recedes, the aftershocks of public anger are exploding with a political passion not seen since the Great Depression.. In this tumult, knives are out for the two leading central banks – the U.S. Federal Reserve (the Fed) and the European Central Bank (ECB), the agencies responsible for monetary policies underpinning the [...]
Read moreJohn Silvia, Chief Economist, Wells Fargo Securities – U.S. and Chinese Labor Markets: Interdependencies at Work
“He who asks a question is a fool for five minutes; he who does not ask a question is a fool forever.” –Chinese proverb
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