Publications in 1998

Regulatory capital of financial institutions: A comparative analysis

Clifford A. Ball  and Hans R. Stoll

Financial Markets, Institutions and Instruments, Vol.7, No.3, August 1998.

Detecting mean reversion within reflecting barriers: application to the European exchange rate mechanism

Clifford A. Ball  and Antonio Roma

Applied Mathematical Finance, 5, 1998.

Income smoothing and underperformance in initial public offerings

Paul K. Chaney and Craig M. Lewis

Journal of Corporate Finance, Vol.4, 1998.

The use of accruals in income smoothing: A permanent earnings hypothesis

Paul K. Chaney, Debra C. Jeter, and Craig M. Lewis

Advances in Quantitative Analysis of Finance and Accounting, Vol.6, 1998.

Dealer markets under stress: The performance of NASDAQ market makers during the November 15, 1991, market break

William G. Christie and  Paul H. Schultz

Journal of Financial Services Research, 13:3, 1998.

Evening the odds: Reform of the Nasdaq stock market

William G. Christie

Contemporary Finance Digest, Vol.2, No.2, Summer 1998.

Market reform

William G. Christie

Handbook of Modern Finance, Sec. A, Ch.12, 1998.

The Demsetz postulate and the effects of mergers in differentiated products industries

Luke M. Froeb,  Timothy Tardiff and Gregory Werden

Economic Inputs, Legal Outputs: The Role of Economists in Modern Antitrust, Fred McChesney (ed.), London: John Wiley & Sons, 1998.

The entry-inducing effects of horizontal mergers

Luke M. Froeb and Gregory Werden

Journal of Industrial Economics, 46, 4, 1998.

A robust test for consumer welfare enhancing mergers among sellers of a homogeneous product

Luke M. Froeb and Gregory Werden

Economics Letters, 58, 1998.

A difference estimator for testing equality of variances for paired time series

Bruce Cooil and Luke M. Froeb

Journal of Time Series Analysis, Vol.19, No.3, May 1998.

Understanding the design of convertible debt

Craig M. Lewis, Richard J. Rogalski and James K. Seward

Journal of Applied Corporate Finance, Vol.11, No.1, Spring 1998.

Agency problems, information asymmetries and convertible debt security design

Craig M. Lewis, R. Rogalski and J. Seward

Journal of Financial Intermediation, 7, 1998.

Exchange rates, domestic prices, and central bank actions: Recent U.S. experience

David C. Parsley and Helen A. Popper

Southern Economic Journal, 64(4), 1998.

Regulation of financial markets: A focused approach

Hans R. Stoll

Multinational Finance Journal,Vol.2, No.2, June 1998.

Reconsidering the affirmative obligation of market makers

Hans R. Stoll

Financial Analysts Journal, Vol.54, No.5, September/October 1998.

Ten years since the crash of 1987

Hans R. Stoll

Special Issue of the Journal of Financial Services Research, Vol.13:3, 1998.

Is it time to split the S&P 500 futures contract?

Roger D. Huang and Hans R. Stoll

Financial Analysts Journal, Vol.54, No.1, January/February 1998.