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Wednesday, January 2, 2013

Monetary

News                                                                                                                             
Washington Times | Fewer U.S. banks failing as industry regains its strength
U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

Econ Comments & Analysis                                                                                            
AEI | As his Fed tenure comes to a close, what should Bernanke's legacy be?
The final lap of the Bernanke era at the Fed has begun. His current term as Chairman ends next January, and the odds that he would stay on for four more years are close to zero. The job has been absolutely exhausting since the onset of the financial crisis in 2007, and Bernanke has a very able successor waiting in the wings - the current Vice Chair, Janet Yellen.

Blogs                                                                                                                             
Econbrowser | QE3 and beyond
Now that we've closed the books on 2012, I thought it might be useful to take a look at where monetary policy has led us over the last four years.
Economist | What's moving Japanese markets?
Political change in Japan is spurring hope among many economic writers that a dramatic change in Japanese monetary policy might put many old theories to the test, and bring the Japanese economy out of stagnation at last.