Read e-book online An Economic Perspective on the Southwest: Defining the PDF

By Alan Greenspan (auth.), Gerald P. O’Driscoll Jr., Stephen P. A. Brown (eds.)

ISBN-10: 1461367956

ISBN-13: 9781461367956

ISBN-10: 1461540143

ISBN-13: 9781461540144

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Read Online or Download An Economic Perspective on the Southwest: Defining the Decade: Proceedings of the 1990 Conference on the Southwest Economy Sponsored by the Federal Reserve Bank of Dallas PDF

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Extra resources for An Economic Perspective on the Southwest: Defining the Decade: Proceedings of the 1990 Conference on the Southwest Economy Sponsored by the Federal Reserve Bank of Dallas

Sample text

Richard W. Fisher U lysses S. Grant used to say that he knew only two tunes. One was Yankee Doodle, and the other wasn't. Since I returned from Japan in May, I have come to feel like I know only two things: one is Japan, and the other isn't. What Was Unthinkable Is Now Unremarkable I know you came to hear me speak aboutJapan. But it struck me as I thought about what I might say today that it is not just Japan's ascendancy that marks the end of an era. W. de Klerk of South Africa on the Democratic Party, which, incidentally, he concluded (correctly) was like trying to explain non-Euclidean geometry.

Total outstanding sell contracts of foreign currency futures may not exceed 30 percent of foreign currency-denominated assets. All buy contracts are expected to result in deliveries and are counted toward the limits on holdings of those assets. Gold: 3 percent of total assets. Valuation Basically the same as life insurance companies except for the use of the exchange rate on the last business day of March instead of the average for March and the treatment of non-listed securities. If the exchange rate moved more than 15 percent by the last day of March against the exchange rate used last to calculate the book value of nonlisted securities, these companies must revalue these assets using the exchange rate and reasonable price quotations available from securities houses on March 31.

5% Foreign Assets. 97 trillion December 1987 Source: Nihon Keizai Shinbun, January 26, 1988. Chart 13 Foreign Asset Holdings of Securities Investment Trusts (Trillions of yen) 6 ~~~~~~~~w~~~~~~~~~ IFeb. Source: Monthly Reports of Investment Trusts. IFeb. IFeb. IFeb. IFeb. s. K. S. Securities 300 2,000 200 1,000 100 '76 '78 '80 '82 '84 '86 '88 Source: Monthly Reports of Investment Trusts. S. S. -.......... ,-_ _-,-_ _--,1982 1983 . '- 0 1987 1988 1989 Note: Includes life and casualty insurances, postal life insurance, pension,loan and securities investment trusts.

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An Economic Perspective on the Southwest: Defining the Decade: Proceedings of the 1990 Conference on the Southwest Economy Sponsored by the Federal Reserve Bank of Dallas by Alan Greenspan (auth.), Gerald P. O’Driscoll Jr., Stephen P. A. Brown (eds.)


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