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Strategies & Market Trends : The Stock Market Bubble
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To: Roger A. Babb who wrote (2314)11/12/1998 3:21:00 AM
From: paulmcg0  Read Replies (1) of 3339
 
I have found that the academic papers of the Fed are quite useful. You can search for topics at frbsf.org .

Currently, I am reading a 1997 paper titled "Bank Deposits and Credit As Sources of Systemic Risk" by Robert Eisenbeis. This file is in Adobe Acrobat (PDF) format and can be found online at frbatlanta.org . (You will need the free Adobe Acrobat Reader 3.0 software to view this file, which can be downloaded at adobe.com )

It's hard to believe, but a Fed official actually says things like: "One prominent thesis argues that the financial system is inherently unstable and is therefore vulnerable to random shocks" and "do financial crises cause declines in real economic output, or are they instead manifestations of deeper problems in the real economy?"

Paul M.
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