Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.

Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong

Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.

Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.

This paper estimates and explains the impact of U.S. sterilized intervention on exchange rate volatility. We find that U.S. intervention reduced both yen/dollar and DM/dollar exchange rate volatilities during 1985-86, but increased them during 1987-89. These results make sense in a noise trading...

This paper evaluates rigorously the predictive power of the head-and-shoulders pattern as applied to daily exchange rates. Though such visual, nonlinear chart patterns are applied frequently by technical analysts, our paper is one of the first to evaluate the predictive power of such patterns....

Do investors confuse the quality of a firm with its attractiveness as an investment? If so, shares of well-run companies will be bid up too high and subsequently earn negative abnormal returns. Our analysis of Fortune magazine’s annual survey of "America’s Most Admired Companies" for 1983-96...

We examine incentives for network-specific investment and the implications for network governance. We model an environment in which participants that make payments over a network can invest in a technology that reduces the marginal cost of using the network. A network effect results in multiple...