Publications

2008

 

May 30, 2008

Richmond Fed Publication Explores the Private Equity Industry

Richmond, VA

The role of private equity firms—organizations that buy companies in order to reshape them and sell them later at a profit — is often misunderstood. Some buyouts and firms make splashy headlines, and credit market turmoil is prompting questions about whether this is the end of an era for private equity. The cover story of the latest Region Focus de-mystifies this industry and explores its importance in keeping the economy competitive.

Also in this issue:

  • Virtual Economics: How economists are using virtual worlds like Second Life as fertile ground for the study of economic policy, institutions and crisis management.
  • Baseball Revenue Sharing: Why economists say Major League Baseball executives shouldn't expect current revenue-sharing arrangements to increase on-field competition among teams.
  • Highly-Skilled Labor: With large numbers of highly-skilled workers preparing to retire, South Carolina companies are developing ways to cope with the shortage of trained workers.

Region Focus, a quarterly business magazine published by the Federal Reserve Bank of Richmond, covers the economy and business activities of the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.

For free copies of Region Focus, contact the Bank's Public Affairs Department at 804.697.8109. The articles are available online at the Bank's Web site.


The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.

###

Contact Us

Richmond

Aaron Steelman
Publications Director
(804) 697-2658