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Press Releases

Research Notes–October 2007

Featuring research published in September 2007


After the Feast
Sept. 6, 2007
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, provides his thoughts on recent events in housing and capital markets and lays out principles to guide his approach to policy in current conditions for the monthly Atlanta Press Club meeting in Atlanta, Ga.

Navigating Around Financial Turbulence
Sept. 28, 2007
Dennis P. Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, provides his thoughts on recent economic uncertainty and his process for making a recommendation on monetary policy ahead of the Sept. 18 Federal Open Market Committee meeting. He was speaking to an economic conference at Middle Tennessee State University, in Murfreesboro, Tenn.


Accounting for Changes in the Homeownership Rate
Working Paper 2007-21
The U.S. homeownership rate increased during the 1994–2005 period after thirty years of relative stability. The authors examine demographic changes and mortgage market innovations to determine reasons for the increase.

Dollar Appreciated in August
The average monthly value for the trade-weighted dollar index of 15 major currencies tracked by the Federal Reserve Bank of Atlanta increased by 0.2 percent in August, following six consecutive monthly declines.


The Past, Present, and Future of Futures
EconSouth Q3 2007
This article examines the marketplaces in which futures contracts are created and traded. These firms have come a long way from their origins in the 19th century and now play a major role in the global financial system.

Regional Economics

110° in the Shade: Drought Sears the Southeast
EconSouth Q3 2007
This article examines the impact of this summer's severe drought. The parched region and its agricultural sector are still adding up the toll that Mother Nature exacted.

The Gulf Coast: Still Laboring Toward Recovery
EconSouth Q3 2007
This article surveys the region two years after Hurricane Katrina roared through the Gulf Coast. Rebuilding continues, but despite the considerable progress made much remains to be done to achieve normalcy.

Panama City Cruises Past Spring Break
EconSouth Q3 2007
Panama City is transforming itself from a spring break gathering spot to a higher-end beach destination.

Housing and the Subprime Mortgage Market
EconSouth Q3 2007
After years of stellar growth, residential housing and housing finance have slowed in 2007, and many media reports focus on rising foreclosures. These widespread foreclosures have repercussions not only for borrowers and lenders but also for neighborhoods, credit availability, and even financial markets.

“It’s Got Everybody Nervous”
EconSouth Q3 2007
This interview with Lester Killebrew, chairman of SunSouth LLC, a company that owns and operates 14 John Deere dealerships across the Southeast, focuses on the region’s drought.

International Economics

Latin Multinationals Become Global Headliners
EconSouth Q3 2007
This article looks at some of the firms that are part of a global movement of large companies from emerging economies. These companies are pursuing profits and market share in developed nations, often through acquisitions.


Latin American Multinational Companies (MP3 7:53)
EconSouth Now
An interview with Javier Santiso of the Organisation for Economic Co-operation and Development about the growth of multinational corporations.

State of the Banking Industry (MP3 8:15)
Financial Update Focus
An interview with Brian Bowling, an assistant vice president in the Atlanta Fed's supervision and regulation department, about the general state of the banking industry in the Southeast.