During the latter part of the 1990s, U.S. economic growth was boosted by sizable increases in business purchases of information processing equipment and software, otherwise known as high-tech capital goods. Beginning in 2000, though, firms began to curtail these expenditures; by 2001, high-tech...

With the approach of the new millennium last year, many market participants resolved to limit their exposure to Y2K-related risks by cutting back normal trading activities. The Federal Reserve foresaw that the widespread adoption of such a strategy could lead to serious liquidity problems in key...

The year 2000 (Y2K) problem presented a fortuitous opportunity to explore the relationship between estimated costs of software projects and five cost influence dimensions described by the Year 2000 Enterprise Cost Model (Kappelman, et al., 1998) -- organization, problem, solution, resources, and...

The new millennium is fast approaching, and with it comes the much-publicized "Y2K" or "century date change" computer problem. Katherine Gockelman outlines how the major players in the financial services industry have prepared their systems to meet the challenges of the century date change. More...