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Working Paper
Rival stock price reactions to large BHC acquisition announcements: evidence of linked oligopoly
An examination of whether multimarket contacts among geographically diversified bank holding companies adversely affect competition.
Journal Article
A problem of seasonal adjustment
A discussion of how new financial instruments have made accurate seasonal adjustment of monetary data more difficult since 1980.
Journal Article
Reserve borrowings and the money market
A discussion of the discount window's role in monetary policy operations, emphasizing the spread between the federal funds rate and the discount rate.