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Bank:Federal Reserve Bank of Atlanta 

Journal Article
Why cultivate international markets and investments?

Economic Review , Issue Jan , Pages 11-15

Journal Article
Federal Reserve System payments services priced to cover costs

Financial Update , Volume 10 , Issue Jul , Pages 4

Journal Article
Revised Reg E affects check conversion, ATM transactions

Financial Update , Volume 19 , Issue Q 1

Working Paper
Does immigration affect wages? A look at occupation-level evidence

Previous research has reached mixed conclusions about whether higher levels of immigration reduce the wages of natives. This paper reexamines this question using data from the Current Population Survey and the Immigration and Naturalization Service and focuses on differential effects by skill level. Using occupation as a proxy for skill, the authors find that an increase in the fraction of workers in an occupation group who are foreign born tends to lower the wages of low-skilled natives-particularly after controlling for endogeneity-but does not have a negative effect among skilled natives.
FRB Atlanta Working Paper , Paper 2003-2

Working Paper
Preference-free option pricing with path-dependent volatility: A closed-form approach

This paper shows how one can obtain a continuous-time preference-free option pricing model with a path-dependent volatility as the limit of a discrete-time GARCH model. In particular, the continuous-time model is the limit of a discrete-time GARCH model of Heston and Nandi (1997) that allows asymmetry between returns and volatility. For the continuous-time model, one can directly compute closed-form solutions for option prices using the formula of Heston (1993). Toward that purpose, we present the necessary mappings, based on Foster and Nelson (1994), such that one can approximate ...
FRB Atlanta Working Paper , Paper 98-20

Discussion Paper
Community response to the foreclosure crisis: thoughts on local interventions

In the wake of the ongoing national mortgage crisis, preventing or mitigating foreclosures and facilitating recovery from the damage they cause have become tremendous challenges for community developers, policymakers, and a wide variety of other actors in cities and metropolitan areas. ; The purpose of this paper is to lay out the range of responses to the foreclosure crisis in which local organizations have been engaged in recent years. It is not intended to be a catalogue of best practices. Rather, it uses examples of strategies and programs only for illustrative, explanatory purposes. ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2008-01

Journal Article
Now and then: Dissecting regional differences during recessions

EconSouth , Volume 4 , Issue Q1 , Pages 8-13

Journal Article
Economic recovery gains ground in the Southeast

While the individual economies of the six states of the Southeast posted mixed results in 2003, the overall performance of the region surpassed that of the nation as a whole. In 2004 Florida and Georgia will continue to drive the Southeastern economy as the region?s other states strive to move forward after several years of sluggish performance.
EconSouth , Volume 5 , Issue Q4

Journal Article
Paying for crime and punishment

Criminals aren't the only ones who pay for their crimes - so does everyone else, in the form of taxes to build and operate prisons and put police on the streets. With a slow economy contributing to a rise in crime, the associated costs may also be on the rise.
EconSouth , Volume 11 , Issue 4

Journal Article
Latin multinationals become global headliners

Emerging-market multinationals are grabbing the spotlight in the world economy. Gaining ground on firms from Asia, sophisticated Latin American companies are becoming giants in their industries, acquiring firms and tapping into the fertile markets in developed economies like the United States and Europe.
EconSouth , Volume 9 , Issue 3

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