Vol. 86, No. 3
Third Quarter 2001

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The Performance of Open-End International Mutual Funds
Paula A. Tkac
This article sets the stage for investigating whether exploitable foreign market inefficiencies exist by studying the performance of a large sample of international open-end mutual funds during the 1990s.

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The Beige Book: Timely Information on the Regional Economy
Donna K. Ginther and Madeline Zavodny
This article evaluates the relationship between the Sixth District (Atlanta) Beige Book and regional and state per capita employment, real personal income, and real gross state product growth.

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Equity Home Bias: Can Information Cost Explain the Puzzle?
Karsten Jeske
To measure how severe home bias is, the author introduces a method of quantifying it, then discusses a popular explanation for home bias: information cost.

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Monetary Policy Alternatives for Latin America
Myriam Quispe-Agnoli
This article describes the recent history of monetary policy in Latin America, focusing on the strategies implemented by Argentina, Panama, Ecuador, El Salvador, Mexico, Peru, Chile, Colombia, and Brazil.