Business Economics articles from July 1992

Business Economics archives from July 1992

Bank reform: the enduring issues.
July 1, 1992... The combination of a difficult aggregate economic environment, an increasingly competitive market for the delivery of financial services, and troublesome trends in both bank profitability and failure rates has focused national attention on bank...

A central banker's perspective on bank reform.
July 1, 1992... The Federal Deposit Insurance Corporation Improvement Act of 1991 made some progress toward reform in banking. In particular, the act establishes a more objective framework for prompt corrective action that limits regulatory discretion and...

"Too big to fail": rationale, consequences, and alternatives. (banking)
July 1, 1992... The "Too Big to Fail" (TBTF) doctrine was formalized in light of the liquidity crisis at Continental Illinois Bank in 1984. The objective of this policy is to preserve public confidence in banking institutions and thereby avoid the systemic...

A reexamination of the costs and benefits of Federal deposit insurance.
July 1, 1992... Mention of federal deposit insurance evokes two disparate responses in today's financial environment. Bankers and the public seem to view federal deposit insurance in an overall favorable light. While bankers are concerned about increased...

The emerging bank structure of the 1990s.
July 1, 1992... What will banks and the banking environment look like at the end of the decade? This paper describes factors that will lead to a decline in the number of independent commercial banks, thrift institutions and credit unions, and a fundamental...

Investment, valuation, and dynamics: a case study in the law of supply and demand.
July 1, 1992... The author seeks to explain the significant increase in dividends paid by nonfinancial corporations between 1988 and 1990 while the overall business situation was deteriorating. He demonstrates that managements were in effect writing up the...

Replacing GNP: the updated system of national economic accounts.
July 1, 1992... GNP has been replaced by GDP as the primary measure of U.S. production. The rationale for this shift is provided, as well as an explanation of what it entails. Beginning with the Economic Statistics Initiative, this paper also discusses the...

International perspectives: the United States and Latin America: toward a theory of interdependence and full exchange.
July 1, 1992... The current recession reflects the need for the U.S. to restructure its own economy to meet the global challenge of competitiveness. In an era of growing interdependence, Mexico and the Americas offer large and expanding markets for the U.S.,...

Business economists: not just forecasters.
July 1, 1992... How do U.S. corporations use their centralized economics organizations? According to a survey of U.S. nonfinancial corporations, their main function is still forecasting; business economists also provide analyses of domestic policies, of...

The business economist at work: regional analysis in a state bureau of economic and business research.
July 1, 1992... State Bureaus of Economic and Business Research are a good source of state and local economic data and expertise. The economic forecasting program at the University of Florida is described in detail. INFORMATION DRIVES THE modern economy....

Research notes: comparison of top-down and bottom-up earnings forecasts.
July 1, 1992... IN AN EARLIER PAPER, "Business Economists, Forecasting, and Markets," I presented an analysis of business economists' forecasts of GNP, inflation, interest rates, and profits. The purpose of the analysis was to provide some perspective on the...

The statistics corner: information from tax returns: the Statistics of Income Program of the Internal Revenue Service: part 2.
July 1, 1992... This article is the second of two reviewing the projects and operations of the Statistics of Income (SOI) program of the Internal Revenue Service; the first part was published in the April 1992 issue. Although SOI is a relatively small and...