The Economic Review is a quarterly research publication with articles by Federal Reserve Bank of Kansas City staff on issues of relevance to the Federal Reserve, including macroeconomics and monetary policy, regional and international economics, banking, financial markets, and payments systems.  For paper copies of previous issues of the Economic Review you can order online. To receive e-mail notification when new Economic Review articles are posted, sign up in our E-alert system.

Articles Organized by year or by topic: Banking and financial markets  | Monetary policy and macroeconomics  |  Speeches and symposium presentations  |  International economics  |  Payments Systems |  Regional/rural/agricultural economics

Banking and financial markets

2008

Understanding the Effects of the Merger Boom on Community Banks
Julapa Jagtiani     (Summary | Article  PDF 447K)

2007

Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate
Kenneth Spong and Eric Robbins     (Summary | Article  PDF 221K)

Rising Foreclosures in the United States: A Perfect Storm
Kelly D. Edmiston and Roger Zalneraitis     (Summary | Article  PDF 348K)

2006

Going Global: The Changing Pattern of U.S. Investment Abroad
Marcela Meirelles Aurelio     (Summary | Article  PDF 216K)

A New Perspective on Rising Nonbusiness Bankruptcy Filing Rates: Analyzing the Regional Factors
Kelly D. Edmiston     (Summary | Article  PDF 458K)

2005

How Long is a Long-Term Investment?
Pu Shen, First Quarter    (Summary | Article PDF 233K)

2003

The Role of Community Banks in the U.S. Economy
Second Quarter    (Summary | Article PDF 88K)

A Guide to Deposit Insurance Reform 
Antoine Martin, First Quarter    (Summary | Article PDF 136K)

Why Has the Nonfinancial Commercial Paper Market Shrunk Recently? 
Pu Shen, First Quarter    (Summary | Article PDF 132K)

2001

The Transformation of Banking and Its Impact on Consumers and Small Businesses
William R. Keeton, First Quarter    (Summary | Article PDF 212K)

2000

The P/E Ratio and Stock Market Performance
Pu Shen, Fourth Quarter    (Summary | Article PDF 193K)

Are Mergers Responsible for the Surge in New Bank Charters?
William R. Keeton, First Quarter    (Summary | Article PDF 123K)

1999

The Outlook for the U.S. Banking Industry: What Does the Experience of the 1980s and 1990s Tell Us?
Kenneth Spong and Richard J. Sullivan, Fourth Quarter    (Summary | Article PDF 201K)

Do Consumers Really Want Credit Card Reform?
Kathryn L. Combs and Stacey L. Schreft, Third Quarter    (Summary | Article PDF 96K)

Does Faster Loan Growth Lead to Higher Loan Losses?
William R. Keeton, Second Quarter    (Summary | Article PDF 178K)

1998

Are Rural Banks Facing Increased Funding Pressures? Evidence From Tenth District States
William R. Keeton, Second Quarter    (Summary | Article PDF 145K)

Features and Risks of Treasury Inflation Protection Securities
Pu Shen, First Quarter    (Summary | Article PDF 71K)

1997

What Long-Run Returns Can Investors Expect from the Stock Market?
John E. Golob and David G. Bishop, Third Quarter    (Summary | Article  PDF 182K)

Changes in the Depository Industry in Tenth District States 
William R. Keeton and Anne D. McKibbin, Third Quarter    (Summary | Article PDF 128K)

1996

Do Bank Mergers Reduce Lending to Businesses and Farmers? New Evidence from Tenth District States
William R. Keeton, Third Quarter    (Summary | Article PDF 95K)

Credit Derivatives: New Financial Instruments for Controlling Credit Risk
Robert S. Neal, Second Quarter    (Summary | Article PDF 166K)

Banking Consolidation in Tenth District States
William R. Keeton, Second Quarter    (Summary | Article PDF 195K)

1995

How Would Tax Reform Affect Financial Markets?
John E. Golob, Fourth Quarter    (Summary | Article PDF 171K)

Benefits and Limitations of Inflation Indexed Treasury Bonds
Pu Shen, Third Quarter    (Summary | Article PDF 126K)

Multi-Office Bank Lending to Small Businesses: Some New Evidence
William R. Keeton, Second Quarter    (Summary | Article PDF 91K)

1994

Bank Credit Growth in the Tenth District: Recent Developments
William R. Keeton, Fourth Quarter    (Summary | Article PDF 106K)

Should We Throw Sand in the Gears of Financial Markets?
Craig S. Hakkio, Second Quarter    (Summary | Article PDF 103K)

Will the Shift to Stocks and Bonds by Households Be Destabilizing?
Donald P. Morgan, Second Quarter    (Summary | Article PDF 96K)

Causes of the Recent Increase in Bank Security Holdings
William R. Keeton, Second Quarter    (Summary | Article PDF 88K)

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