- Far
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- Nov 07, 2020
Ben Bernanke Quotes
Most Famous Ben Bernanke Quotes of All Time!
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- Last Updated on May 30, 2021
- Crisis
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- Nov 07, 2020
I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
- Economics
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- Nov 07, 2020
Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
- Know
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- Nov 07, 2020
As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit market functioning, including the establishment of a number of emergency lending facilities and the creation or extension of currency swap agreements with 14 central banks around the world.
- Imperfect
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- Nov 07, 2020
Imperfect substitutability of assets implies that changes in the supplies of various assets available to private investors may affect the prices and yields of those assets.
- Call
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- Nov 07, 2020
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.
- Good
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- Nov 07, 2020
As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people.
- Financial
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- Nov 07, 2020
Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that the Federal Reserve has a significant stake in financial education.
- Own
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- Nov 07, 2020
If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.
- Financial
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- Nov 07, 2020
The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.
- Benefits
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- Nov 07, 2020
One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.
- Future
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- Nov 07, 2020
The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.
- Fragility
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- Nov 07, 2020
Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have sparked a global banking panic.
- Insurance
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- Nov 07, 2020
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets.
- Nov 07, 2020