Remarks at the OpRisk North America Annual Conference, New York City.

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at the New York Bankers Association's Annual Meeting, New York City.

Remarks at Institute of International Bankers Seminar on Risk Management and Regulatory/Examinations Compliance Issues, New York City.

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Eliminating the federal budget deficit, even assuming a correspondingly higher national rate, is likely to yield only a modest reduction in the U.S. international trade deficit. Balancing the federal budget will help improve the trade balance through the effects of lower levels of aggregate...

The econometrics literature contains many alternative measures of goodness of fit, roughly analogous to R2, for use with equations with dichotomous dependent variables. There is, however, no consensus as to the measures' relative merits or about which ones should be reported in empirical work....