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Author:Aubuchon, Craig P. 

Journal Article
The microfinance revolution: an overview

The Nobel Prize committee awarded the 2006 Nobel Peace Prize to Muhammad Yunus and the Grameen Bank "for their efforts to create economic and social development from below." The microfinance revolution has come a long way since Yunus first provided financing to the poor in Bangladesh. The committee has recognized microfinance as "an important liberating force" and an "ever more important instrument in the struggle against poverty." Although several authors have provided comprehensive surveys of microfinance, our aim is somewhat more modest: This article is intended as a ...
Review , Volume 90 , Issue Jan , Pages 9-30

Journal Article
Eighth District population growth follows national pattern

The Regional Economist , Issue Jul , Pages 18-19

Newsletter
The economic cost of war

It is difficult to measure the cost of the Iraq war and related expenses; it is at least as difficult to decide exactly what costs to measure. The May 2008 issue compares the two most widely cited estimates: one from the Congressional Budget Office and the other from researchers Joseph Stiglitz and Linda Bilmes. The newsletter also compares these estimates to U.S. GDP over the same time frame to get a better sense of the war's cost in relation to the entire U.S. economy.
Liber8 Economic Information Newsletter , Issue May

Journal Article
Decline in house prices slows down; district still faring better than nation

The Regional Economist , Issue Apr , Pages 18-20

Journal Article
Eighth District fares better than nation in job losses

The Regional Economist , Issue Jan , Pages 20-22

Journal Article
The geographic distribution and characteristics of U.S. bank failures, 2007-2010: do bank failures still reflect local economic conditions?

The financial crisis and recession that began in 2007 brought a sharp increase in the number of bank failures in the United States. This article investigates characteristics of banks that failed and regional patterns in bank failure rates during 2007-10. The article compares the recent experience with that of 1987-92, when the United States last experienced a high number of bank failures. As during the 1987-92 and prior episodes, bank failures during 2007-10 were concentrated in regions of the country that experienced the most serious distress in real estate markets and the largest declines ...
Review , Volume 92 , Issue Sep , Pages 395-415

Newsletter
What’s under the TARP?

The new economic terms and programs?from TARP to TALF to COP?are important, but trying to keep track of it all can make your head spin. Read the March 2009 Newsletter for a clear, concise explanation of the Treasury's Troubled Asset Relief Program designed to help alleviate the nation?s financial crisis.
Liber8 Economic Information Newsletter , Issue March

Journal Article
Can Social Security survive the baby boomers?

National Economic Trends , Issue Sep

Journal Article
Employment growth mixed across Eighth District

The Regional Economist , Issue Jan , Pages 20-21

Journal Article
What's under the TARP?

The Financial Stability Plan, initiated under the belief that "[t]here is more risk and greater cost in gradualism than in aggressive action," has several features.
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