Economic Quarterly - Federal Reserve Bank of Richmond

Articles from Vol. 85, No. 1, Winter

A Primer on Moral-Hazard Models
Moral Hazard-The effect of insurance on insureds' behavior. Moral hazard, a long-time concern in the insurance industry, is increasingly being recognized as a concern in the regulation of banking and other financial industries. A classic example of its...
Gauging Manufacturing Activity: The Federal Reserve Bank of Richmond's Survey of Manufacturers
Midmorning on the second Tuesday of each month, the Federal Reserve Bank of Richmond posts the results of its latest survey of of Fifth District manufacturers. The survey provides a comprehensive set of indicators of business conditions within the region's...
Japanese Monetary Policy: A Quantity Theory Perspective
In the last half century, Japan has exercised an enormously beneficial influence on the world. After the end of World War II, it not only adopted democracy, but it also showed that non-Western countries could combine democracy with attainment of Western...
Pooling or Purchase: A Merger Mystery
On September 14, 1998, WorldCom merged with MCI to form MCI WorldCom, a global telecommunications giant. On September 30, NationsBank of Charlotte, North Carolina, and BankAmerica of San Francisco merged to form BankAmerica, one of the largest banks...