The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
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Current Issues in Economics and Finance Second District Highlights
New York City Immigrants: The 1990s Wave
June 2005 Volume 11, Number 6
JEL classification: R10, R11
Authors: Rae Rosen, Susan Wieler, and Joseph Pereira
Fueled by a steady influx of immigrants, New York City's population turnover in the 1990s was almost double the average for the nation's 100 largest cities. A close look at the city's new foreign-born residents suggests that they are a very diverse group, showing marked differences in education level, English language fluency, and other characteristics that help determine labor market skills and performance.