Second Quarter, Volume 1, Number 2

Federal Reserve Bank of Atlanta
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Pierce Nelson
   Editorial Director

Lynn Foley
   Managing Editor

Jean Tate
Lee Underwood
   Staff Writers

Carole Starkey
Kristin Shelton


Bobbie H. McCrackin
   Vice President and
   Public Affairs Officer

B. Frank King
   Vice President and
   Associate Director
   of Research

Thomas J. Cunningham
   Vice President
   Research Department
   Regional Section

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The views expressed in EconSouth are not necessarily those of the Federal Reserve Bank of Atlanta or the Federal Reserve System.

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ISSN 0899-6571

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          Volume 1, Number 2, Second Quarter 1999


Distinguishing Fact From Fiction in Y2K

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Exterminating the
Y2K Bug in Banking

Separating fact and fiction about Y2K is not an easy task — so much information, so many differing opinions and, now, so little time. But, as this article indicates, banking regulators have a consistent message: while there may be some isolated, temporary glitches, the U.S. banking industry will be prepared for the rollover to the Year 2000.

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Southern Suitors:
Wooing Foreign Investment

Foreign investors have held a special place in the hearts of Southern policymakers for decades. Why? Because foreign investment, as this article discusses, has brought the South a rich dowry: new industries, jobs and productivity advances as well as an unquantifiable commodity — prestige.
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Responding to Global Crises:
Dollarization in Latin America
A hot topic in Latin America is dollarization, a policy stance whereby a country makes the U.S. dollar its official currency. Dollarization can bring a country a number of benefits, like a lower-inflation environment. But these benefits come at a price; for instance, a totally dollarized country essentially forfeits control of its monetary policy. This article examines both sides of the dollarization issue.



Research Notes
          Dollar Index

The State of the States

Southeastern Economic Indicators 
          Southeastern Manufacturing Survey

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