… represents the change in the present value of hedging instrument j for a unit change in the
i-… significantly affect hedge performance {for reasons discussed in Falkenstein and Hanweck …

… the covariance of the i and j period forward rates. This is a classic weighted least squares
approach. Letting Ω represent the covariance matrix of forward rates, the hedge weights w that …

Poor execution can turn a good idea into a losing trade. Skilled traders (and their brokers)
use their knowledge and experience to balance the immediacy of a transaction with the …

THE ISSUE OF scale economies in banking has a rich history. Most earlier studies report
modest operating cost scale economies for small institutions (those with less than about $50 …

This paper examines whether bank holding company (BHC) risk ratings are asymmetrically
assigned or biased over business cycles from 1986 to 2003. In a model of ratings …

For market discipline to be effective, market factors such as changes in firm equity and debt
values and returns, must influence firm decision making. In banking, this can occur directly …

… needed to duplicate our approach may be found in Berger, Hanweck and Humphrey (1986). …
9) appear to adjust numbers of accounts NJ down to e when j is not produced, but leave …

The Community Outreach Program (COP), an occupational therapy-based treatment model
for eating disorders, serves adult women who have been repeatedly hospitalized with …

It is frequently asserted that the profitability of institutions that lend long and borrow short is
restricted during periods of rising interest rates. In banking circles this assertion has been …

… interest rates so that we expect that β 2,j may take on positive or negative values depending
on the … So that we expect that coefficients β 3,j and β 4,j should be negative for most banking …