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|1||Banks' Responses to Binding Regulatory Capital Requirements
Larry D. Wall and
Since the early 1980s U.S. bank regulators have focused increasingly on the adequacy of banks' capital ratios. This article begins with a review of the changes to U.S. capital regulations and theoretical models for determining banks' capital strategy. The authors then survey numerous studies that examine banks' responses, and the costs associated with their responses, to these regulations.
|18||Do State and Local Taxes Affect Relative State Growth?
The South has seen a remarkable economic rise during the past three decades. Was this growth a result of automatic forces or was it fueled by state and local tax policies? Traditional economic theory suggests that forces of convergence, not tax policies, have moved the southern states toward catching up with the rest of the nation. But more recent economic models recognize that convergence and low tax rates may not be mutually exclusive explanations for the South's stronger growth.
|37||FYI -- Tracking Manufacturing: An Update on the Survey of Southeastern Manufacturing
R. Mark Rogers
In late 1991 the Atlanta Fed's research department launched the first comprehensive survey to focus solely on indicators of manufacturing activity in the Southeast. Because the manufacturing sector is more cyclical than most other sectors, the Survey of Southeastem Manufacturing Conditions has been helpful in tracking the region's economy.
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