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Banking and Policy Issues Magazine

June 2001

Top of the Ninth
Gary Stern, president of the Federal Reserve Bank of Minneapolis, discusses bankers' views on funding issues and the impact of deposit insurance on the situation.

Region Cover Image Interview with Hernando de Soto
Peruvian economist and president of the Institute for Liberty and Democracy shares his thoughts on the intrinsic wealth in poor countries, 19th century United States as Third World country and more.

Sterilized fx
A look at the way governments intervene on behalf of their currency to bolster or weaken value against other world currencies, in particular the European Central Bank's September 2000 initiative.

Taking Stock of the Market
Papers by Minneapolis Fed economists examine stock market valuation and the "equity premium puzzle" in:
The Vanishing Equity Premium and

The Stock Market: Too High, Too Low? Just Right.

Icebergs and Government Productivity
Measuring government productivity is elusive, but doing so could save taxpayers money.

Catching up with Lawrence Lindsey
Once a Fed governor considering monetary policy, now head of the president’s National Economic Council pondering fiscal policy.

Do Women's Economic Decisions Differ from Men's?
Recap of a conference on economic decision making in women's lives and careers.

Book Review
The Code Book

Calming the Panics of the Great Depression
Winning essay in the Minneapolis Fed's annual contest

Remembering When ...
Former President Harry S. Truman had an office in the Kansas City Fed, and a peek at the coin collection from the Truman Library

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