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Mortgage Originations: 2000-2006 - Economic Synopses

If the recent growth in mortgage originations reflects the decline in the interest rate, then mortgage originations might be expected to decline when the contract rate increases. Indeed, mortgage originations did decline when contract rates rose after 2003. However, the level of originations continued to remain higher on average than pre-2003 levels.

research.stlouisfed.org/.../economic-synopses/2008/08/01/mortgage-originations-2000-2006

The Credit Crunch of 2007-2008: A Discussion of the Background, Market Reactions, and Policy Responses - Review

This article discusses the events surrounding the 2007-08 credit crunch. It highlights the period of exceptional macrostability, the global savings glut, and financial innovation in mortgage-backed securities as the precursors to the crisis. 

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Changing Trends in the Labor Force: A Survey - Review

The composition of the American workforce has changed dramatically over the past half century as a result of both the emergence of married women as a substantial component of the labor force and an increase in the number of minority workers.

research.stlouisfed.org/.../review/2008/01/01/changing-trends-in-the-labor-force-a-survey

Monetary Economic Research at the St. Louis Fed During Ted Balbach’s Tenure as Research Director - Review

Ted Balbach served as research director at the Federal Reserve Bank of St. Louis from 1975 to 1992. This article lauds his contributions during that time, including the expanded influence of the Review, enhanced databases and data publications, and a visiting scholar program that attracted leading economists from around the world. Balbach is remembered fondly as a visionary leader and gracious mentor.

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Banking Crisis Solutions Old and New - Review

In 2007 Britain experienced its first run on a bank of any macroeconomic significance since 1866. This was not dealt with by the method that had maintained banking stability for so long: letting the bank fail but supplying abundant liquidity to the markets to prevent contagion. 

research.stlouisfed.org/publications/review/2008/09/01/banking-crisis-solutions-old-and-new

The Microfinance Revolution: An Overview - Review

The Nobel Prize committee awarded the 2006 Nobel Peace Prize to Muhammad Yunus and the Grameen Bank “for their efforts to create economic and social development from below.” The microfinance revolution has come a long way since Yunus first provided financing to the poor in Bangladesh.

research.stlouisfed.org/.../publications/review/2008/01/01/the-microfinance-revolution-an-overview

Mortgage Innovation, Mortgage Choice, and Housing Decisions - Review

This article examines some of the more recent mortgage products now available to borrowers. The authors describe how these products differ across important characteristics, such as the down payment requirement, repayment structure, and amortization schedule.

research.stlouisfed.org/.../2008/11/01/mortgage-innovation-mortgage-choice-and-housing-decisions

Rules-of-Thumb for Guiding Monetary Policy - Review

This article was originally published in the Board of Governors of the Federal Reserve System Open Market Policies and Operating Procedures—Staff Studies, July 1971. It is reprinted here as an addendum to these conference proceedings.

research.stlouisfed.org/.../review/2008/07/01/rules-of-thumb-for-guiding-monetary-policy