Changes in Required Rates of Return on CDs: Unintended Consequences of New Mexico State Treasury Policy
Anthony V. Popp, Ph.D., and Benjamin Widner, Ph.D, Department of Economics and International Business
In July 2008 the State Treasurer’s Office (STO) released a document titled “CD Program Enhancement – Due Diligence.” In the document the STO expressed concern with regard to the return and safety of funds in the Certificate of Deposit (CD) Program managed by the State. Historically, funds deposited with state-chartered banks and savings and loans have been required to pay a rate approximately the same as the rate paid on U.S. Treasury bills. The proposed policy would increase the required rate of return to the higher LIBOR.
Exports and Job Quality (and a note on New Mexico)
Richard Adkisson and Eduardo Saucedo
Like all states, New Mexico is interested in economic development. The goals of economic development are many, as are the strategies used to pursue those goals. One important goal is to increase the number of quality jobs in a state, and one strategy for achieving this goal is to promote exports. This brief article summarizes a larger research project, conducted by the authors, that focuses on the connection between state exports and state job quality.
Complete Article: Exports and Job Quality (and a note on New Mexico)
Current Conditions in Southern New Mexico
Christopher A. Erickson and James Libbin
Complete Article: Current Conditions in Southern New Mexico