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Econ Focus

Econ Focus (formerly Region Focus) is the economics magazine of the Federal Reserve Bank of Richmond. It covers economic issues affecting the Fifth Federal Reserve District and the nation and is published on a quarterly basis by the Bank's Research Department.

Econ Focus

Summer 2007

Region Focus Summer 2007 Cover

Cover Story

Democracy and Other Failures

The theory of public choice helps explain why we get stuck with so many bad economic policies. Or does it?
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Features

Risky Business

Have recent innovations in credit markets made the financial system safer or riskier
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Academic Labor Market's Tenure Track Recedes

Even professors can no longer count on job security. But to many academics, tenure may have outlived its appeal anyway
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Banks and Business

The success of some banking and commerce combinations raises the question of whether maintaining a wall between them makes economic sense
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David A. Price (804) 697-8018