The Scout Report for Business & Economics - June 17, 1999

The Scout Report for Business & Economics

June 17, 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


Knowledge@Wharton [.pdf]
This new current awareness resource from the University of Pennsylvania's Wharton School offers "the latest business insights, information and research" on a bi-weekly basis including "interviews with industry leaders and Wharton faculty, articles based on the most recent business research, book reviews, conference and seminar reports," among other sources. The Knowledge@Wharton site is divided into subject sections ranging from finance and investment to business ethics; each topical page includes searchable layers of information in summary, short article, or academic paper formats. Note: registration is required for access. [MW]
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Institute for Development Policy and Management [Word 6.0]
The Institute for Development Policy and Management (IDPM) is an academic research, training and consultancy organization at the University of Manchester, UK, that specializes in management and development in developing and transitional economies. In addition to information on the IDPM staff and programs, the site hosts selected discussion papers on finance, human resources, and public policy topics in zipped Word 6.0 file or HTML format (1995-present). [MW]
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Bangladesh Agribusiness Online
This site on agriculture and agribusiness in Bangladesh is a creation of the Bangladesh Agro-based Industries and Technology Development Project (ATDP) with support from the United States Agency for International Development (USAID). ATDP seeks to "increase productive employment in the agriculture and related sectors of Bangladesh." Bangladesh Agribusiness Online contains special reports on the feasibility of particular products, sector profiles, and monthly market reports, among other publications. [MW]
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Charles A. Dice Center for Research in Financial Economics [.pdf]
The Charles A. Dice Center for Research in Financial Economics is "dedicated to promoting high-quality research in financial economics at Ohio State University" and sponsors research of importance to the US financial community. The Center's site includes information on the Charles A. Dice endowment and hosts the Dice Working Paper Series in fulltext (1995-present) with links to author homepages. [MW]
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Learning Resources

Biz/ed Chronologies
Biz/ed highlights UK and international events of economic significance at the new Chronologies page with data from the Barclays Bank Economics Department. Each timeline is browseable by quarter or year (1997-present), and the Key Facts section summarizes major events of the last thirty years by decade. [MW]
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Asking the Right Questions about the IMF
Economists at the Federal Reserve Bank of Minneapolis address the history and current function of the International Monetary Fund (IMF) in this article from the Ninth District's 1998 Annual Report. Although current debate surrounding the mission and purpose of the IMF has focused on what type of lending the organization should provide, the authors argue for a new inter-governmental role--namely, that the IMF should serve as a type of international bankruptcy court that handles international debt disputes. [MW]
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_Issues in Labor Statistics_--BLS [.pdf]
The US Department of Labor Bureau of Labor Statistics collects "succinct, up-to-the-minute background papers on current topics" at the Issues in Labor Statistics publication page. Each two-page edition addresses labor topics as diverse as auto dealer employment and highway fatalities with graphical summaries and BLS contacts for additional information. [MW]
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Using your Financial Calculator for Financial Calculations [.pdf]
Pepperdine University Graziadio School of Business & Management Professor Michael Kinsman helps students learn to use their financial calculators without lengthy manuals at the Using your Financial Calculator for Financial Calculations page. Informative guides to HP-12c, HP-10B, HP-17B II, TI BA-II calculators are provided in addition to detailed explanations of each calculator's financial functions in printer-friendly .pdf format. [MW]
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General Interest

A product of the US Environmental Protection Agency (EPA), Enviro$en$e presents "common sense solutions to environmental problems" for government agencies and businesses. A variety of environmental databases are integrated into the site's searchable Solvent Substitution Data System, and Enviro$en$e offers technical assistance, hotlines, vendors, and pollution prevention news, in addition to funding, grants, and environmental research publications. [MW]
[Back to Contents]'s 100 Events that Shaped a Century
The financial news service ranks top events effecting US businesses in the 20th century in The Basics of Business History: 100 Events that Shaped a Century. Readers may view events such as Bill Gates' licensing of MS-DOS to IBM or the introduction of Bakelite in numerical order, or put business history in socio-political context with the TSC Timeline--a triple chronology with business, news, and cultural events arranged side-by-side. [MW]
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Tax and Accounting Sites Directory
Dennis Schmidt designed this comprehensive index as a "starting point" for most tax and accounting subject searches. In addition to government, academic, association, and publishing locations on tax and accounting topics, the Tax and Accounting Sites Directory also lists related resources on employment, investment, and law. [MW]
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SEC Mutual Fund Cost Calculator [Windows 3.1/95/98/NT, JavaScript]
Because "every investor should know what he or she is paying for a mutual fund," the US Securities and Exchange Commission (SEC) provides this cost calculator. Two versions in Windows 3.1/95/98/NT or JavaScript format allow investors to easily estimate and compare mutual fund costs, and the SEC hopes this information will reveal "how costs add up over time." [MW]
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Current Awareness
(For links to additional current awareness on tables of contents, abstracts, preprints, new books, data, conferences, etc., visit the The Scout Report for Business & Economics Current Awareness Metapage:

Working Papers

Federal Reserve Board of Governors:
International Finance Discussion Papers 1999 (IFDPs) [.pdf]
Exact Utilities under Alternative Monetary Rules in a Simple Macro Model with Optimizing Agents

Federal Reserve System:
FRB New York Staff Reports [.pdf]
Consumption, Aggregate Wealth and Expected Stock Returns
FRB Philadelphia Working Papers [.pdf]
A Real-Time Data Set for Macroeconomists

Wharton Financial Institutions Center Working Papers [.pdf]
Assessing the Benefits and Costs of Earthquake Mitigation
The Impact of Uncertainty in Managing Seismic Risk: The Case of Earthquake Frequency and Structural Vulnerability
The Reaquisition of Credit Following Chapter 7 Personal Bankruptcy
Do Better Customers Utilize Electronic Distribution Channels: The Case of PC Banking

Bank for International Settlements (BIS) Working Papers
Credit Channels and Consumption in Europe: Empirical Evidence

International Monetary Fund (IMF):
IMF Staff Country Reports [.pdf]
Brunei Darussalam - Recent Economic Developments
Kingdom of the Netherlands: Aruba - Staff Report for the Article IV Consultation Discussions

Stockholm School of Economics:
Working Paper Series in Economics and Finance (S-WoPEc: SSE/EFI) [.pdf,.ps,.zip]
On the Interpretation of Cost-Effectiveness Acceptability Curves

Working Paper Series in Business Administration (S-WoBA: SSE/EFI) [.pdf,.ps,.zip]
Customer Satisfaction and Links to Customer Profitability
The Ultimatum Game Revisited
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Brazilian Electronic Journal of Economics
The latest issue of the Brazilian Electronic Journal of Economics (Vol 2 No 2) from the Universidade Federal de Pernambuco, Brazil, addresses adaptive behavior, child care subsidies in Australia, and digital money, among other topics. [MW]

Federal Reserve System:
FRB Philidelphia Business Review [.pdf]
FRB San Francisco Economic Letter
The July/August Business Review from the Federal Reserve Bank of Philadelphia includes the articles "Intangibles: What Put the New in the New Economy?" and "Do States Respond Differently to Changes in Monetary Policy?" The latest Economic Letter from the Federal Reserve Bank of San Francisco reviews studies using CAMELS ratings. [MW]

International Monetary Fund (IMF):
Finance & Development
Key issues discussed at the February 1-3, 1999 conference "A Decade of Transition: Achievements and Challenges," are included in the latest Finance & Development from the IMF. The June 1999 issue also reviews Older & Wiser: The Economics of Public Pensions by Lawrence Thompson, among other books, and explores world impact of the euro in "The Euro and Latin America." [MW]
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Books and Journals

BakerBooks -- Harvard Business School
The latest issues of New Books at Baker Library and New Books from HBS Press are now available from Harvard University's BakerBooks site. These updates are posted by the fifteenth of each month and cover new additions for the preceding month. [MW]

The abstracts and tables of contents for the following journals are now available online: Economics Letters (Vol 63 No 1), Energy Economics (Vol 21 No 3), European Economic Review (Vol 43 Nos 4-6), Economics Letters (Vol 62 No 3), Journal of Economic Dynamics and Control (Vol 23 Nos 5-6), Journal of Financial Economics (Vol 52 No 1), Journal of Mathematical Economics (Vol 31 No 4), Journal of Public Economics (Vol 72 No 2). [MW]
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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. Users 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]

Conferences with Econometric Interest
13th International Conference on Input-Output Techniques
The Royal Economics Society's Econometrics Journal site lists conferences in econometrics at this Econometric Links section. Forthcoming international conferences currently listed include the 13th International Conference on Input-Output Techniques, to be held August 21-25, 2000, in Macerata, Italy. This gathering is sponsored by the International Input-Output Association and paper submission information is available online. [MW]

Sustaining Rural Environments: Issues in Globalization, Migration and Tourism
This conference on sustainable rural environments to be held October 20-23, 1999 in Flagstaff, AZ, will examine "the processes and impacts of globalization on rural environments and the movement of people between rural and urban places for permanent (migration) and temporary (tourism) purposes." Additional themes, a preliminary program, publication information, and contacts are available on site. [MW]
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Job Openings from The Chronicle of Higher Education
Job Openings in Economics
Job Openings in Business and Management

Job Openings for Economists (JOE)

Inomics: Job Openings for Economists
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New Data

Federal Reserve Board of Governors (FRB BOG)
Flow of Funds of the United States, First Quarter 1999
At a somewhat slower pace than last quarter, debt rose at a 6-1/4 annual percent annual rate during the first quarter of 1999. This reduced rate of growth in 1999:Q1 is attributed largely to a "further drawdown in outstanding federal government debt," according to the latest FRB BOG Flow of Funds of the United States release, which has fallen more than $82 billion below its peak at the end of 1997. [MW]
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Census Bureau
State Population Estimates
The median age of the US population continued to rise in 1998 to the highest level ever recorded at 35.2, according to population estimates by the Commerce Department's Census Bureau. Regionally, West Virginia continues to contain the oldest American citizens with a median age of 38.6 years, and Utah retains the lowest median age at 26.7 years. [MW]
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Bureau of Labor Statistics (BLS)
CPI Research Series Using Current Methods, 1978-98 [.pdf]
Consumer Price Indexes
Bureau of Labor Statistics researchers Kenneth J. Stewart and Stephen B. Reed conclude that "inflation would have been lower from 1978 to the present if the current methods of calculating the CPI had been in place." Their report, titled CPI Research Series Using Current Methods, 1978-98 was preprinted for the June 1999 Monthly Labor Review. Stewart and Reed describe changes from CPI-U calculation methods to CPI-U-RS, and present percent changes for all items and major groups using both methods from 1978 to 1998. Current CPI data and additional information on BLS statistical methods are available at the Consumer Price Indexes home page. [MW]
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United States Department of Agriculture (USDA)
USDA Reports Calendars -- June 1999
USDA Agency Reports Calendar
ERS Calendar
Feed Outlook
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 this month includes the June 1999 Feed Outlook from the USDA ERS. US 1998/99 trade prospects have improved, according to the ERS, with increased exports of corn and sorghum. Ending stocks are forecast at 49.3 million tons, down 1.2 million from last month, but they remain at the highest level since 1992/93's 63.1 million. [MW]
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In The News

NASD and Softbank to Launch Nasdaq-Japan
(1) NASD and Japan's Softbank Agree to Create Nasdaq-Japan Electronic Stock Market--NASD Press Release
(2) Softbank
(3) Nasdaq To Launch Stock Market In Japan With Softbank As Its
(4) Nasdaq Expands to Japan--BBC
(5) Japan To Get Its Own Nasdaq--CNNfn
(6) Japan Eyes Online Trading Warily--Wired News
This week's In the News looks at the establishment of a Nasdaq mirror in Japan. These six resources provide news coverage and company information on the National Association of Securities Dealers (NASD) and Softbank collaboration. On June 17, 1999, the Tokyo-based internet group Softbank and the NASD, the largest securities-industry, self-regulatory organization in the US, signed an agreement to launch a new electronic stock market in Japan by the fourth quarter 2000. According to a NASD press release, Nasdaq-Japan will share the American Nasdaq's screen-based approach to trading equity securities and will use the Internet as a major conduit. The new exchange will allow Japanese traders to invest in top US technology stocks during US trading hours in addition to emerging Japanese companies not listed on the Tokyo Stock Exchange. Although organizers hope the venture will help stimulate Japan's lagging economy, skeptics are wary of a system that depends so heavily on new technology. As Wired News reporter David Lazarus maintains, "it will take a while--perhaps a very long while--before Japan gets anywhere near the more than 630,000 daily online trades now being logged on the other side of the Pacific."

The NASD press release, NASD and Japan's Softbank Agree to Create Nasdaq-Japan Electronic Stock Market, (1) details Nasdaq-Japan ownership, market structure, products, regulation, and benefits. Additional press releases and company data are available at the Softbank corporate home page (2). takes an in-depth look at the joint venture in Nasdaq To Launch Stock Market In Japan With Softbank As Its Partner (3) and BBC News provides a foreign market focus in Nasdaq Expands to Japan (4). Skeptics' views are presented in the CNNfn report titled Japan To Get Its Own Nasdaq (5) with quotes from analysts at Legg Mason Inc.(Baltimore) and in the Wired News report, Japan Eyes Online Trading Warily (6), by David Lazarus with Japanese opinion (6). [MW]
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The Scout Report for Business & Economics
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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.

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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.

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