Publications

Reforming Deposit Insurance and FDICIA
Robert A. Eisenbeis and Larry D. Wall
The authors make the case that the large losses the FDIC has borne with some bank failures were due to supervisory forbearance.

The Effect of Immigration on Output Mix, Capital, and Productivity
Myriam Quispe-Agnoli and Madeline Zavodny
This article examines the relationship between immigration and three factors—output mix, labor productivity, and capital—in the skilled and unskilled sectors in the U.S. manufacturing sector at the state level.

Financing Housing through Government-Sponsored Enterprises
W. Scott Frame and Larry D. Wall
This article examines the economic issues arising from the provision of interest rate subsidies via the three government-sponsored enterprises (GSEs)—Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System.

Fannie Mae's and Freddie Mac's Voluntary Initiatives: Lessons from Banking
W. Scott Frame and Larry D. Wall
This article evaluates the initiatives from the perspective of current banking standards. The analysis suggests that the initiatives are beneficial but could be made more effective.