Can New York City Bank on Wall Street?

6 Pages Posted: 27 Jun 2007

See all articles by Jason Bram

Jason Bram

Independent

James Orr

Federal Reserve Bank of New York

Date Written: July 1999

Abstract

The securities industry is more important than ever to the New York City economy, and a protracted downturn in the industry's employment could seriously hurt the overall job picture. Increased stability in other New York City industries, however, could help soften the economic effects of such a downturn.

Keywords: Wall Street, securities industry, employment and income, stock market, NYC economic trends

JEL Classification: R1, R3, L8

Suggested Citation

Bram, Jason and Orr, James, Can New York City Bank on Wall Street? (July 1999). Current Issues in Economics and Finance Vol. 5, No. 11, July 1999, Available at SSRN: https://ssrn.com/abstract=996113 or http://dx.doi.org/10.2139/ssrn.996113

James Orr

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States