Publications

Dollarization: A Scorecard
Roberto Chang
This article discusses the currently fashionable proposals for dollarization in Latin America and other developing regions.

Credit Crunch or What? Australian Banks during the 1986–93 Credit Cycle
Ellis W. Tallman and Nargis Bharucha
This article investigates the 1986–93 credit cycle in Australia. A comparison of key differences and similarities between the U.S. and Australian banking systems allows a useful analysis of the Australian experience as it relates to the general economic issue of supply-based loan contraction.

The Potential for Portfolio Diversification in Financial Services
Alan K. Reichert and Larry D. Wall
This article builds on earlier studies, in particular updating the contribution of Wall, Reichert, and Mohanty (1993). After reviewing studies since the 1993 article of the potential gains from diversification, the authors summarize the legal changes resulting from passage of the Gramm-Leach-Bliley Act.

The Shifty Laffer Curve
Zsolt Becsi
The author of this article observes that a good place to start in understanding the impacts of tax policy is with what is popularly known as the Laffer curve.