The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
An Update on the Competitiveness of Puerto Rico's Economy, released today, outlines six steps—requiring changes to a number of past policies and practices—that the Island’s government should consider taking to restore its fiscal health.
Several recent studies document that the extent to which shocks are transmitted through banks across borders depends on the type of foreign activities these banks engage in. The authors propose a model to explain the composition of banks’ foreign activities, distinguishing between international interbank lending, intrabank lending, and cross-border lending to foreign firms.
By Cornelia Kerl and Friederike Niepmann, Staff Reports 681, July 2014
The authors document macroeconomic forecasting during the global financial crisis by the European Central Bank and the Federal Reserve Bank of New York. This paper is the result of a collaborative effort between the two institutions that allowed the authors to study time-stamped forecasts as they were made throughout the crisis.
By Lucia Alessi, Eric Ghysels, Luca Onorante, Richard Peach, and Simon Potter, Staff Reports 680, July 2014