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Economic news and analysis from the Federal Reserve Bank of Cleveland.
Federal Reserve Bank of Cleveland. Economic Commentary
Most Recent Articles from Federal Reserve Bank of Cleveland. Economic Commentary 
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Credit Default Swaps and Their Market Function
Credit derivative instruments allow default risk to be segregated from debt of all kinds. They have granted investors the ability to hedge their...
07/01/09 by Cherny, Kent; Craig, Ben R · More from publication -
Check Is Dead! Long Live the Check! A Check 21 Update, The
Check 21 legislation has enabled the check clearing system to transform from paper to electronics, and much more rapidly than some had predicted....
06/01/09 by Bauer, Paul W; Gerdes, Geoffry R · More from publication -
Ten Myths about Subprime Mortgages
On close inspection, many of the most popular explanations for the subprime crisis turn out to be myths. Empirical research shows that the causes...
05/01/09 by Demyanyk, Yuliya · More from publication -
Replacing the Dollar with Special Drawing Rights-Will It Work This Time?
The head of China's central bank is calling for countries to replace the U.S. dollar as an international reserve currency with something called...
03/01/09 by Humpage, Owen F · More from publication -
Effective Practices in Crisis Resolution and the Case of Sweden
The current financial crisis is a painful reminder that the developed world is not yet immune to these devastating shocks. But while we haven't...
02/01/09 by Ergungor, O Emre; Cherny, Kent · More from publication -
Adjustable-Rate Mortgages and the Libor Surprise
Adjustable-rate mortgages have typically been tied to either of two indexes, one based on U.S. treasuries, the other on the London interbank...
01/01/09 by Schweitzer, Mark; Venkatu, Guhan · More from publication
Federal Reserve Bank of Cleveland. Economic Commentary: Issues from 2009
Federal Reserve Bank of Cleveland. Economic Commentary: Issues from 2008
Federal Reserve Bank of Cleveland. Economic Commentary: Issues from 2007
Federal Reserve Bank of Cleveland. Economic Commentary: Issues from 2005
Federal Reserve Bank of Cleveland. Economic Commentary: Issues from 2004
Federal Reserve Bank of Cleveland. Economic Commentary: Issues from 1998
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