Mark W Olson: A regulator's view of emerging issues in community banking Speech by Mr Mark W Olson, Member of the Board of Governors of the US Federal Reserve System, at the 118th Assembly for Bank Directors, Las Croabas, Puerto Rico, 27 February 2004.
First, one might look to governments to provide an expansionary fiscal policy. In a few economies, there is clearly room for fiscal policy to become more stimulative in order to boost investment and demand. Certainly, the economies of emerging Asia have the scope to support demand with fiscal policy.