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. Ben Bernanke Read Quote
As an educator myself, I understand the profound effect that good teachers and a quality education have on the lives of our young people. Ben Bernanke Read Quote
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. Ben Bernanke Read Quote
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. Ben Bernanke Read Quote
One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be. Ben Bernanke Read Quote
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. Ben Bernanke Read Quote
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. Ben Bernanke Read Quote
A.I.G. was even larger than Lehman, with a substantial presence in derivatives and debt markets, as well as in insurance markets. Ben Bernanke Read Quote
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. Ben Bernanke Read Quote
The downturn following the collapse of Japan’s so-called bubble economy of the 1980s was not as severe as the Great Depression. Ben Bernanke Read Quote
