New England Economic Review

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

Articles from July-August

A Comparison of Social Costs and Benefits of Paper Check Presentment and ECP with Truncation
Each year, about 60 billion checks are collected in the United States. Paper checks account for about 80 percent of noncash transaction volume.(1) While the shares of electronic payments methods such as the automated clearing house and credit and debit...
Insider's Assessments of the Stock Market's Pricing on New England Bank Stocks, 1988 to 1991
The 1980s and early 1990s experienced a surge in bank failures not seen since the Great Depression. The financial crisis prompted many policy proposals in search of an improved regulatory and supervisory framework. One such reform would enhance the role...
Popular Myths about the World Economy
In remarks before the January 1997 meeting of the American Economic Association, Professor Robert M. Solow of M.I.T. drew upon his previous experience with the President's Council of Economic Advisers to offer this advice for policymakers: "It ain't...
Reshaping the American Financial System
Since the mid 1980s the mutual fund industry has enjoyed explosive growth in the number of funds, the types of funds available, and total assets under management. Much of this growth is the result of the increasing convenience offered to owners of long-term...