The Scout Report for Business & Economics - January 14, 1999

The Scout Report for Business & Economics

January 14, 1999

A Publication of the Internet Scout Project
Computer Sciences Department, University of Wisconsin-Madison

The target audience of the new Scout Report for Business & Economics is faculty, students, staff, and librarians in business and economics. Each biweekly issue offers a selective collection of Internet resources covering topics in the field that have been chosen by librarians and content specialists in the given area of study.

The Scout Report for Business & Economics is also provided via email once every two weeks. Subscription information is included at the bottom of each issue.

In This Issue


Learning Resources

General Interest

Current Awareness

New Data

In The News


World Economic Outlook and International Capital Markets Interim Assessment -- IMF [.pdf]
A critical update to the International Monetary Fund's World Economic Outlook (described in the October 9, 1998 Scout Report), the World Economic Outlook (WEO) and International Capital Markets (ICM) Interim Assessment examines recent international financial developments and provides revised economic forecasts for emerging and mature economies. The report includes a chapter on "systemic issues" and the "policy requirements" needed to curtail further market turbulence, but ends on a positive note with a modest dip in 1999 projected growth for the world economy from 1998 estimates at 2.2 percent. [MW]
[Back to Contents]

The Financial Markets Center
An independent, nonprofit institute devoted to "democratic values, accountable public institutions and improved living standards for ordinary citizens," the Financial Markets Center (FMC) reports on monetary policy issues and eases access to unique Federal Reserve documents at this new site. Key Federal Reserve documents are housed at the FMC's Fed Archive and include transcripts of pre-1992 meetings of the Federal Open Market Committee, minutes from Federal Reserve Board of Governors discount rate meetings, and summaries of Federal Advisory Council meetings with the Board of Governors. Novice readers are not left to interpret cryptic Fed publications alone, however, as the FMC also includes background material on financial markets, regulatory issues, monetary policy, and the Fed. Other learning tools include the investment issues series Financial Markets and Society and the FOMC Alert -- a newsletter on Federal Open Market Committee actions. [MW]
[Back to Contents]

Directory of Corporate Archives in the United States and Canada
Editors Amy Fischer and Liz Holum Johnson open doorways to the often closed realm of corporate archives in this publication from the Business Archives Section of the Society of American Archivists. The Directory of Corporate Archives in the United States and Canada, an ongoing effort, details the nature, location, and accessibility of historical business records for corporate archivists and researchers. Over 200 entries from Anheuser-Busch and Blockbuster Entertainment to the William Wrigley Jr. Co. are listed by company name, geographical location, or name of archivist, and complete contact information, conditions of access, and physical description of materials are provided when available. [MW]
[Back to Contents]

Household Survival Strategies, Job Creation and New Forms of Employment in Russia Papers [.zip]
London Seminar Papers: 1998 Seminar
The Russian household subsistence research soon to be discussed at the London School of Economics, Centre for Economic Performance conference "Household Survival Strategies, Job Creation and New Forms of Employment in Russia" January 18, 1999 is available at the above University of Warwick (UK) location. Currently, three reports entitled "Employment in the New Private Sector in Russia," "Making Ends Meet in a Non-Monetary Market Economy," and "Labour Market Behavior and Institutions" are accessible in self-extracting .zip format in addition to a series of background papers on the Russian labor market in Russian and English. Following conference events, additional papers on market strategies, household decision-making, gender, and secondary employment, among other topics, will also be presented on-site. [MW]
[Back to Contents]

Envalue -- NSW EPA (Australia)
The New South Wales, Australia Environment Protection Authority (NSW EPA) encourages governmental, industrial, and academic decision makers to "incorporate environmental values into cost-benefit analyses" with the Envalue library of environmental assessment studies. Study topics range from air, water, and land quality to urban issues and valuation methods, and entries include key results, a detailed summary, and evaluation. Although Envalue is primarily a collection of Australian research, some US authors are included, and the titles of selected topics date from 1978 to the present. [MW]
[Back to Contents]

Learning Resources

Euro Resource Page
The Federal Reserve Bank of Chicago has recently released this helpful guide to information on the single currency for Europe -- the EURO (discussed in the January 1, 1999 Scout Report and the May 7, 1998 Scout Report for Business & Economics). A list of EURO and European Union governing body links begins the site, but a hyperlinked bibliography of Federal Reserve documents on EURO topics places years of research and opinion on one page. [MW]
[Back to Contents]

The Spire Project
Supported by Community Networking of Australia, the Spire Project is a content-rich subject guide to research with Internet, licensed database, and print resources. Detailed articles on United Nations information, patent searching, finding statistics, and country profiles, among other topics, cover all possible information avenues, and the additional discussions of research processes should appeal to educators and students alike. [MW]
[Back to Contents]

Accounting Coursepage Exchange
The Accounting Coursepage Exchange (ACE) is a new database of Accounting coursepages and syllabi presented by the American Accounting Association. All educational material is searchable by title, institutional affiliation, textbook, or instructor, among other criteria, and interested parties may add their own coursepage on-site. [MW]
[Back to Contents]

Microfinance IdeaCard Index
The Microfinance IdeaCard Index is a collection of "good practices" and "inspiring ideas" drawn from microfinance initiatives in Asia, Africa, and Latin America. Each IdeaCard portrays a simple, short thought on the design, development, or maintenance of a microfinance institution, and creator Hari Srinivas hopes to solicit additional ideas from interested practitioners via email to assist future projects. Currently, 51 IdeaCards are posted and submission information is available online. [MW]
[Back to Contents]

Gallery of Economists
Instructor Kit Sims Taylor created this metapage of famous economists to supplement readings from The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers by Robert Heilbroner (Touchstone Books), the book Taylor uses in his course on the history of economic thought. All biographical and bibliographical material is drawn from the History of Economic Thought site (discussed in the April 9, 1998 Scout Report for Business & Economics). Links to other economic history Web locations of interest, as well as Taylor's Survey of Economics coursepage, complete this instructional resource. [MW]
[Back to Contents]

General Interest

Company Sleuth
"Free, legal, inside" company information is provided by Infonautics, Inc.'s new Company Sleuth email and Internet service. Once registered, users may choose up to ten publicly traded US companies to track, and a detailed report of analysts' recommendations, company homepages, trademarks, stock quotes, and news is posted at a password-protected homepage (updates are provided by email). Job postings for selected companies are also available, and users may observe the top ten Company Sleuth-watched tickers at the homepage. [MW]
[Back to Contents]

Bank Rate Monitor
Available in Spanish and English, Intelligent Life Inc.'s Bank Rate Monitor offers "independent, objective financial information" for consumers. News and rates on bank products such as mortgages, home equity, auto loans, credit cards, and savings are provided, in addition to online bank site reviews, financial calculators, and Y2K information. [MW]
[Back to Contents]

EdgarScan [Excel]
Developed at the PricewaterhouseCoopers Technology Centre, EdgarScan helps company researchers effectively sort through the mass of quarterly (10-Q) and annual filings (10-ks) housed at the SEC EDGAR Database (reviewed in the February 9, 1996 Scout Report). Filings and initial public offerings may be searched by company name or industry code, and search results are listed in an easy-to-read format with hypertext table and Excel spreadsheet output possibilities. [MW]
[Back to Contents]

Electronic Banker
Faulkner & Gray's Electronic Banker is a new Web magazine and Internet resource guide on bank industry issues. Daily news bulletins are posted at the Newswire page, and the site also hosts a searchable archive of news articles (November 10, 1998-present). Electronic Banker's Internet resource guide features Web links organized into four basic topics: banking associations, brokerage houses, consultants, and financial services vendors. [MW]
[Back to Contents]

Current Awareness
(For links to additional current awareness on tables of contents, abstracts, preprints, new books, data, conferences, etc., visit the Business & Economics Current Awareness Metapage:

Working Papers

Federal Reserve System:
FRB Atlanta 1998 Working Papers [.pdf]
No 9822: Conditional Forecasts in Dynamic Multivariate Models
No 9821: Real-Time Gross Settlement and the Costs of Immediacy
No 9820: Preference-Free Option Pricing with Path-Dependent Volatility

FRB Minneapolis 1998 Working Papers [.pdf]
No 583: Deposit Insurance: A Reconsideration

FRB New York Staff Reports [.pdf]
No 57: What Was the Market's View of U.K. Monetary Policy?
No 56: Employment versus Wage Adjustment and the U.S. Dollar

FRB Philadelphia 1998 Working Papers [.pdf]
No 9825: Checking Accounts and Bank Monitoring
No 9824: Discouraging Federal Actions That Reduce the Value of Private Property
No 9822: Deposits and Relationship Lending
No 9821: Measuring Housing Services Inflation

FRB Kansas City 1998 Research Working Papers [.pdf]
No 9806: Market Reaction to Monetary Policy Nonannouncements
No 9805: The Real-Time (In)Significance of M2
No 9804: The Sources of Fluctuations: Within and Across Countries
No 9803: Vector Rational Error Correction
No 9802: Predicting Inflation: With the Term Structure Spread

FRB Richmond: Working Paper Series [.pdf]
No 991: Industrial Development and the Convergence Question

International Monetary Fund (IMF) Working Papers [.pdf]
No 174: The Wage Bargaining Structure in Norway and Sweden and its Influence on Real Wage Developments
No 173: Fixed-Income Markets in the United States, Europe, and Japan - Some Lessons for Emerging Markets
No 172: International Capital Flows and National Creditworthiness - Do the Fundamental Things Apply as Time Goes By?
No 171: Private Saving in Colombia
No 170: Monetary Policy in the Aftermath of Currency Crisis: The Case of Asia
No 169: Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence
No 168: Managing Capital Flows - Lessons from the Experience of Chile
No 167: The Decline of Traditional Sectors in Israel - The Role of the Exchange Rate and the Minimum Wage
No 166: Economic Determinants of Government Subsidies
No 165: Migration and Pension
No 164: The Quality of Governance: Second-Generation Civil Service Reform in Africa
No 163: The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes

Organisation for Economic Co-operation and Development (OECD)
Economics Department Working Papers [.pdf]
No 208: Stock Market Fluctuations and Consumption Behavior: Some Recent Evidence
Development Center Technical Papers [.pdf]
No 143: How Bad Governance Impedes Poverty Alleviation in Bangladesh
No 142: Fighting Extreme Poverty in Brazil: The Influence of Citizens' Action on Government Policies

Stockholm School of Economics
Working Paper Series in Economics and Finance (S-WoPEc) [.pdf]
No 290: Pioneering Price Level Targeting: The Swedish Experience 1931-1937
Working Paper Series in Business Administration (S-WoBA) [.pdf]
No 5: Effects of Increasing Turbulence on Organizational Control: Some Reflections
[Back to Contents]


Federal Reserve System:
FRB Atlanta Economic Review [.pdf]
FRB Chicago Economic Perspectives and Fed Letter [.pdf]
FRB Dallas Financial Industry Issues [.pdf]
FRB Kansas City Financial Industry Perspectives [.pdf]
FRB St. Louis Annual International Economics Trends [.pdf]
FRB San Francisco Economic Letters
The fourth quarter 1998 Economic Review from FRB Atlanta details data vintages and measuring, forecast model performance, and valuation models for default-risky securities. Fourth quarter 1998 Economic Perspective articles from FRB Chicago include reports on credit derivatives, the condition of Japanese banks, and foreign growth in 1970-1997, among other topics. The January 1999 issue of Fed Letter, also from FRB Chicago, examines welfare reform and state budgets. The latest Financial Industry Issues from FRB Dallas looks at the "useful" role bank mergers play in reshaping the US banking industry without risking a lack of competition. The most recent FRB Kansas City edition of Financial Industry Perspectives also presents views on bank mergers as well as the ownership structure and small business lending practices of commercial banks. The annual edition International Economic Trends is now available from FRB St. Louis, and the first two Economic Letters of 1999 from FRB San Francisco cover East Asia's impact on regional growth in California (No 99-02) and US monetary policy (No 99-01). [MW]

Bank for International Settlements (BIS)
BIS Review [.pdf]
Recently released articles and speeches from the BIS Review include two introductory statements by European Central Bank President W.F. Duisenberg at EURO-related press conferences and a speech on the causes and solutions to financial turmoil in Asia by Chief Executive of the Hong Kong Monetary Authority, Mr Joseph Yam. [MW]

World Bank Infobriefs and Findings
Current reports on ongoing operational, economic, and sector work carried out by the World Bank and its member governments in the Africa Region include Infobrief No 36 entitled "Sharing Quality Data with Africa," which gives information about the Africa Live Database (LDB), and Findings No 128 entitled "Environmental Information Systems in Sub-Saharan Africa: From Innovation to Management," which describes a "structured approach" to data use in the field. [MW]

American Enterprise Institute for Public Policy Research (AEI)
Russian Outlook
The first in a series of analytical essays devoted to key issues in the Russian political, social, and economic transition, Leon Aron's "The Strange Case of Russian Capitalism" -- in the Winter 1998 issue of Russian Outlook -- analyzes the stages of Russian privatization. [MW]
[Back to Contents]

Books and Journals

Baker & Taylor
Baker & Taylor Latest Books in Business -- January 1999
Baker & Taylor Latest Books in Economics -- January 1999
Baker & Taylor lists business and economics books published in January. [MW]

Harvard Business School Publishing What's New
Recent titles from Harvard Business School publishing include Smart Choices: A Practical Guide to Making Better Decisions by John S. Hammond, Ralph L. Keeney, and Howard Raiffa; Information Rules: A Strategic Guide to the Network Economy by Carl Shapiro and Hal Varian; On Competition by Michael E. Porter; TRW: Pioneering Technology and Innovation Since 1900 by Davis Dyer; The Work of Teams edited by Jon R. Katzenbach; and Delivering Results: A New Mandate for Human Resource Professionals edited by Dave Ulrich. [MW]

Econbase -- Elsevier
The abstracts and tables of contents for the following journals are now available online: Agricultural Economics (Vol 19 No 3), European Economic Review (Vol 42 No 9), Information Economics and Policy (Vol 10 No 4), International Journal of Forecasting (Vol 14 No 4), International Journal of Industrial Organization (Vol 17 No 1), Journal of Accounting and Economics (Vol 25 No 1), Journal of Banking and Finance (Vol 22 No 12), Journal of Corporate Finance (Vol 4 No 4), Journal of Econometrics (Vol 88 No 2), Journal of Economic Behavior and Organization (Vol 37 Nos 2 & 3), Journal of Financial Economics (Vol 50 No 3), Journal of Health Economics (Vol 17 No 6), Journal of Multinational Financial Management (Vol 8 No 4), Journal of Public Economics (Vol 70 No 3), Regional Science and Urban Economics (Vol 28 No 6), and Structural Change and Economic Dynamics (Vol 9 No 4). [MW]
[Back to Contents]


Inomics Conference Calls:
Email Conference Alert
Conference Search
The economics research service Inomics (described in the June 18, 1998 Scout Report for Business & Economics) includes a conference alert service. Interested parties may specify their interests and receive email notifications of up-coming events, or they may search the Inomics conference database by date, geographic location, or JEL classification. [MW]

Association of Management/International Association of Management
(AoM/IAoM) Seventeenth Annual Conference
The seventeenth annual Association of Management/ International Association of Management (AoM/IAoM) conference, entitled Millennial Challenges in Management, Education, Cybertechnology, and Leadership, will be held in San Diego, CA, August 6-8, 1999. A call for "single discipline" and "boundary spanning papers" has been issued, and submission procedures, program format, and registration information is provided at the AoM/IAoM site. [MW]

Consolidation in the Meat Sector
Sponsored by the Economic Research Service, the United States Department of Agriculture, and the Food Marketing Policy Center, this agricultural economics research conference will consider the externalities and market power caused by consolidation in the slaughter industries. The conference will be held February 25-26, 1999 in Washington, DC. A complete program, and registration and accommodation information are available at the above University of Massachusetts Department of Resource Economics page. [MW]

Workshop on Data Mining in Economics, Marketing and Finance
Authors with knowledge of and experience with using specialized tools for economic, marketing, and finance data extraction are invited to submit papers by March 1, 1999 for consideration in this July 5-16, 1999 workshop to be held in Chania, Greece. Accepted papers will also be considered for publication in the International Journal of Computational Economics, and a complete description of the workshop with contact information is provided online. [MW]
[Back to Contents]


Job Openings from The Chronicle of Higher Education
Job Openings in Economics
Job Openings in Business and Management

Job Openings for Economists (JOE)
[Back to Contents]
New Data

Federal Reserve Board of Governors (FRB BOG)
Charge-Off and Delinquency Rates on Loans at Commercial Banks
Using data compiled from quarterly Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports on Condition and Income (FFIEC 031 through 034), the Federal Reserve Board has updated annualized values for loans charged against loss reserves (charge-off rates) and loans past due for 30 days or more and still accruing interest (delinquency rates) for the 100 largest US banks, among others. [MW]
[Back to Contents]

Census Bureau
Marital Status and Living Arrangements: March 1998 (Update)
The US Census Bureau report Marital Status and Living Arrangements: March 1998 is housed at the Marital Status and Living Arrangements Data page and provides the demographic characteristics of people in different marital statuses, as well as information on the living arrangements of children and adults. According to this most recent update, about 10 percent of adults (19.4 million) were "currently divorced" in 1998, and about 28 percent (20 million) of all children under eighteen years of age lived with one parent. [MW]
[Back to Contents]

Bureau of Labor Statistics (BLS)
The Employment Situation, December 1998
Bureau of Labor Statistics data indicates that total US employment increased by 413,000 in December 1998 to 132.5 million (seasonally adjusted), although the number of unemployed persons changed very little. The number of persons employed part-time for economic reasons in December also remained unchanged from November figures, and approximately 8.2 million persons held more than one job. [MW]
[Back to Contents]

United States Department of Agriculture (USDA)
USDA Reports Calendars -- January 1999
USDA Agency Reports Calendar
ERS Calendar
Crop Production -- Annual Summary (PCP-BB)
USDA summarizes its report releases from various sources (the Economic Research Service, the National Agricultural Statistics Service, the Foreign Agricultural Service, and the World Agricultural Outlook Board) at these two calendar sites. Notable data for January 1999 include the Crop Production -- Annual Summary (PCP-BB) with annual US data for acreage, yield, and production by crop. [MW]
[Back to Contents]

Energy Information Administration (EIA)
Short-Term Energy Outlook: January 1999
World oil prices are expected to rise to $13 per barrel by the end of 1999 from low December levels of $9.25, according to the January 1999 Short-Term Energy Outlook by the US EIA. Other highlights include an expected rise in US heating oil prices in the first quarter of 1999, stable natural gas spot prices through the summer, a significant increase in electricity demand, and an expected increase in Iraqi oil exports despite mid-December 1998 air strikes. [MW]
[Back to Contents]

In The News

The US-EU Banana Dispute
(1) US Hits Back in Banana Row -- BBC News
(2) Interview with Phillipe Sands & Ian Campbell [Real Player]
(3) US Demands Trade Sanctions -- CNNfn
(4) US-EU Row Over Bananas: A Trade War Looming on the Horizon? -- USIA
(5) Trade Going Bananas? -- Christian Science Monitor
(6) CBEA Online: the Caribbean Banana Exporters Association
(7) Brief History of the Banana Dispute -- US Trade Representative [.pdf]
(8) EU/US Banana Dispute -- Europa
(9) EC Regime for the Importation, Sale and Distribution of Bananas [.pdf]
(10) World Trade Organization (WTO) Dispute Settlement
This week's In the News examines recent US government designs to sanction $568 million worth of European Union (EU) goods in response to the long-running "Banana Dispute." Trade delegates from the US, Ecuador, Guatamala, Honduras, and Mexico met on January 12, 1999 to ask the World Trade Organization's Dispute Settlement Body (WTO DSB) to review the EU's new banana import and marketing regime, effective January 1. This action constitutes the strongest in a long run of American-European trade battles over banana imports since 1993, and could compromise the financial security hoped for among EU nations at the dawn of the EURO (discussed in the January 1, 1999 Scout Report). While the US maintains that 100-percent import tariffs on European products ranging from cheese to bath salts to greeting cards is necessary to counter the "preferential treatment" given to former European colonies over other banana-exporting nations, EU officials have deemed their current banana policy as "entirely compatible with WTO rules." Hailing the US as a "schoolyard bully," among other slants, many members of the international press have deplored the American threat of sanctions. Commentators in the UK, Germany, Brazil, and China, for example, question why the US would choose such "protectionist" and "threatening" measures in the face of a potentially global economic crisis. The following ten resources provide US and international news, organizational links, and trade dispute documents from the World Trade Organization.

BBC News includes archived articles on the "banana battle" at the US Hits Back Banana Row page (1) as well as key interviews (2) and governmental links (1). The US-based CNNfn also chronicles the banana dispute with links to financial information (3). The United States Information Agency (USIA) summarizes international news response at the Office of Research & Media Reaction page, US-EU Row Over Bananas: A Trade War Looming on the Horizon? (4). US opinion is available from the Christian Science Monitor editorial "Trade Going Bananas?" (5), and view- points from banana producers are available from the Caribbean Banana Exporters Association (CBEA) homepage (6). The US Trade Representative press chronicles American efforts to litigate the dispute in a timeline format (7), and European Commission press releases on the matter are available from the EU's central site Europa (8). The specifics of US-EU complaints are available in the Arbitrator's report for January 7, 1998 (9) from the World Trade Organization's Dispute Settlement page (10). [MW]
[Back to Contents]

Subscription and Contact Information

To subscribe to the Scout Report for Business & Economics, send email to:
In the body of the message type:
subscribe SRBUSECON

For subscription options, send email to:
In the body of the message type:

Internet Scout team member information:

The Scout Report for Business & Economics
Brought to You by the Internet Scout Project

The Scout Report for Business & Economics is published every other Thursday by the Internet Scout Project, located in the University of Wisconsin-Madison's Department of Computer Sciences.

Susan Calcari
Rachael E. Bower
Megan Waters
Travis Koplow
Paul M Schwartz
Managing Editor
Production Editor

Below are the copyright statements to be included when reproducing annotations from the Scout Report for Business & Economics.

The single phrase below is the copyright notice to be used when reproducing any portion of this report, in any format:

From the Scout Report for Business & Economics, Copyright Internet Scout Project 1994-1999.

The paragraph below is the copyright notice to be used when reproducing the entire report, in any format:

Copyright Susan Calcari and the University of Wisconsin Board of Regents, 1994-1999. The Internet Scout Project (, located in the Computer Sciences Department of the University of Wisconsin-Madison, provides information about the Internet to the U.S. research and education community under a grant from the National Science Foundation, number NCR-9712163. The Government has certain rights in this material. Permission is granted to make and distribute verbatim copies of the entire Scout Report provided this paragraph, including the copyright notice, are preserved on all copies.

Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the views of the University of Wisconsin - Madison or the National Science Foundation.

Internet Scout
A Publication of the Internet Scout Project

Comments, Suggestions, Feedback
Use our feedback form or send email to

© 1999 Internet Scout Project
Information on reproducing any publication is available on our copyright page.