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Nikolay Gospodinov, Raymond Kan, and Cesare Robotti
Working Paper 2010-4 (March)
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Many people equate bank failures with panicked runs like those in the 1930s. But bank failures in the Southeast during the current crisis have largely seen the result of collapsing real estate values and the withdrawal of large investors.
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The Southeast was hit hard by the recession. Significant sectors of the economy, such as construction and employment declined, and state and local governments saw their revenues pinched by dropoffs in tax revenues. But signs of recovery have begun to emerge and position the region for a brighter 2010.
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Fascinating facts about current and historic U.S. money, including security features, how to spot a counterfeit, and more
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This quarterly economic and business magazine features articles on regional, national, and international issues; interviews with subject matter experts; and highlights of regional data and analysis.
Learn moreListen up! In interviews and speeches, experts discuss today's topics in the economy, banking, finance, and more.
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