New England Economic Review

New England Economic Review is a magazine specializing in Economic topics.

Articles from November-December

Building an Infrastructure for Financial Stability: An Overview
Numerous conferences organized in the aftermath of the financial crisis of 1997-98 offered analyses of what went wrong in the crisis countries. The immediacy of the crisis prompted a number of reform proposals directed toward reducing the risk of future...
Has the Stock Market Become Too Narrow?
The price of equity has soared during the past five years--the value of the Standard & Poor's index of 500 stocks, for example, tripled between December 1994 and December 1999, rising an average 25 percent annually. This rapid appreciation of equities,...
The Use of Value at Risk by Institutional Investors
In recent years, risk management has been of growing interest to institutional investors, including pension funds, insurance companies, endowments, and foundations as well as the asset management firms that manage funds on their behalf. Traditionally,...