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Monograph
Money market futures
Journal Article
Over-the-counter interest rate derivatives
Monograph
Options on money market futures
Journal Article
The role of interest rate swaps in corporate finance
Journal Article
Tax disincentives to commercial bank lending
Journal Article
Reforming deposit insurance: lessons from the savings and loan crisis
A history of the collapse of the savings and loan industry. The authors contend that FSLICs institutional structures, established decades ago, made a thrift crisis inevitable. Poorly designed incentive structures strongly encouraged regulators and thrift managers to delay proper action when thrifts became insolvent. The authors present recommendations to prevent a recurrence of the crisis.
Journal Article
The economic outlook for the Fifth District states in 1984 : forecasts from vector autoregression models
Anatoli Kuprianov and William Lupoletti employ the VAR technique to forecast the regional economy in The Economic Outlook for Fifth District States in 1984. The authors document the experiences of the economies of Maryland, Virginia, West Virginia, North Carolina, South Carolina, and the District of Columbia over the past 25 years. After summarizing the differences between conventional and VAR forecasting models, they present forecasts of each state for 1984 produced by a five-variable VAR model. These forecasts suggest that the recovery of 1983 should continue through 1984 for most Fifth ...
Journal Article
The Monetary Control Act and the role of the Federal Reserve in the interbank clearing market
The Monetary Control Act of 1980 radically changed the role of the Federal Reserve in the interbank clearing market. Among other things, the Act required the Fed to give all depository institutions equal access to its payments services and to price those services competitively. In this article, Anatoli Kuprianov explains why Congress legislated this change. At least three developments in the 1970s, including the introduction of electronic payments systems, the deregulation of the thrift industry, and the decline in membership in the Federal Reserve System, forced consideration of the ...