#1993-002A "Deposit Insurance, Regulation, and Efficiency"
by David C. Wheelock, and Paul Wilson
February 1993

This paper uses micro-level historical data to examine the causes of bank failure. For state charactered Kansas banks during 19 10-28, time-to-failure is explicitly modeled using a proportional hazards framework. More...

PUBLISHED: Review of Economics and Statistics, November 1995

#1993-001A "Macroeconomic Policy Effects in a Monetary Union"
by Patricia S. Pollard


This paper develops a two-country model of a monetary union. In order to analyze fully the linkages between the countries, the model specifies structural equations for the goods, money and bond markets in each country. Interdependencies arise through trade, the asset markets, and a common currency. More...

#1991-001D "Market Structure and Inefficiency in the Foreign Exchange Market"
by Mark D. Flood

Revised January 1993

This paper investigates the intradaily operational efficiency of the U. S. foreign exchange market by conducting computer simulation experiments with market structure (the numbers of market?makers, brokers and customers). More...

PUBLISHED: Journal of International Money and Finance, April 1994