IDEAS home Printed from https://ideas.repec.org/p/fip/r00034/101574.html
   My bibliography  Save this paper

Welcome and Introductory Remarks, 2014 Credit Markets Symposium

Author

Listed:
  • Jeffrey M. Lacker

Abstract

This year's Credit Market Symposium focuses on the impact and implementation of post-crisis financial regulation. It is especially appropriate to have this discussion during the Fed's centennial year, as we reflect on how the financial system has evolved since the Fed's founding. Alongside dramatic changes in banking and credit markets, we've also seen significant changes in the role and operations of the Fed. Some people believe that the Fed should take an active role in promoting financial stability and mitigating financial system disruptions. My own view is that channeling credit to specific sectors through the use of Fed lending places the central bank's independence at risk and boosts moral hazard. I favor a narrower role for the Fed, focused on managing the central bank's monetary liabilities.

Suggested Citation

  • Jeffrey M. Lacker, 2014. "Welcome and Introductory Remarks, 2014 Credit Markets Symposium," Speech 101574, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101574
    as

    Download full text from publisher

    File URL: https://www.richmondfed.org/press_room/speeches/jeffrey_m_lacker/2014/lacker_speech_20140513
    File Function: Speech
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:r00034:101574. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Matt Myers (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.