The Fed has accumulated operating losses in the billions. It needs to be recapitalized.
Paul H. Kupiec
Could the debt ceiling crunch be avoided by the Federal Reserve forgiving treasury debt? Let's hope not.
A regulatory regime for crypto is emerging. What form will it take?
The world's central banks are possibly facing an insolvency of their own making.
Will a government issued digital currency pose any less risk to the financial system than a private one?
Paul H. Kupiec is a senior fellow at the American Enterprise Institute, where he studies systemic risk and the management and regulations of banks and financial markets. Before joining AEI, Kupiec was an associate director of the Division of Insurance and Research within the Center for Financial Research at the Federal Deposit Insurance Corporation (FDIC) and director of the Center for Financial Research at the FDIC and chairman of the Research Task Force of the Basel Committee on Banking Supervision. He has previously worked at the International Monetary Fund (IMF), Freddie Mac, J.P. Morgan, and for the Division of Research and Statistics at the Board of Governors of the Federal Reserve System.