(This announcement is available in a PDF document from [EMAIL PROTECTED]) Call for Papers: Reengineering the Federal Reserve System The Financial Markets Center sponsors an annual contest for papers on the subject of central bank reform. The winning entry receives a cash award of $2,500 and is published by the Center. The contest is open to students in graduate and post-graduate programs in law, public policy, public administration, government, finance, economics and other relevant areas. Background on the Henry B. Gonzalez Award: Today, the Federal Reserve confronts a host of challenges to its authority and effectiveness including the rapid growth of nonbank financial intermediaries, globally interconnected asset markets and privately issued digital money. The Fed faces these challenges with an institutional structure that has long resisted change as well as a lack of openness and accountability unique in America's system of self-government. The Gonzalez Award seeks to promote institutional reforms that make the central bank more open, accountable and effective. Entries may be sweeping in scope or focused on a specific aspect of the Fed's structure, governance, operations, staffing, culture or statutory authority. In all cases, papers must demonstrate convincingly how the proposed institutional reforms would result in a more democratic central bank better equipped to foster full employment, price stability and financial soundness. The Gonzalez Award honors the service of Representative Henry B. Gonzalez, a tireless champion of democratic change at the Federal Reserve. Review Process: Entries will be reviewed by a distinguished panel of monetary experts chaired by Jane D'Arista, the Center's director of programs. Length and Format: Entries should be no longer than 15,000 words, not including notes and references. Preference will be given to clearly written entries accessible to a broad audience. Deadline: Entries must be postmarked by April 28, 2000. The award will be announced by May 15, 2000. How to Enter: Send two copies of the paper to: Gonzalez Award, Financial Markets Center, PO Box 334, Philomont, VA 20131. Entrants must submit a statement from their department describing their current standing. About the Financial Markets Center: Founded in 1997, the Financial Markets Center is a nonprofit institute that provides research, policy and education resources to grassroots organizations, trade unions, policymakers, journalists and others interested in financial markets and the Federal Reserve System. The Center produces periodic reports on issues in monetary policy and financial regulation, sponsors workshops and conferences and publishes a newsletter (FOMC Alert) and other series that monitor Federal Reserve and market activity. The Center's web site, www.fmcenter.org, contains a variety of teaching, archival and analytical resources. For More Information: Contact the Financial Markets Center, (540) 338-5286 or [EMAIL PROTECTED]
