In this paper, we apply standard event methodology to test the effect of the Penn Square
Bank failure on the daily returns of three groups of bank holding companies. During the 75-day …

THE MEASUREMENT of the quality of municipal general obligation debt has been the
subject of considerable discussion in recent years. Various economic groups are interested in …

Two CONVERGING SETS of events demonstrate the need for an evaluation of municipal
bankruptcy'laws and procedures. First, in 1970 this country experienced the bankruptcy of the …

This paper is intended to develop and test a model for determining optimal portfolios of
government bonds. The model is consistent with the methodology underlying much of the capital …

We show that the interagency 1938 Uniform Agreement on Bank Supervisory Procedures
set the precedent for dynamically varying supervisory standards to conform to national …

Horizontal and vertical mergers represent mergers between direct competitors and mergers
between companies with buyer-seller relationships, respectively. Prod-uct extension …

… introduced by this assumption is considered more thoroughly in Yawitz and Hempel [10]. …
Hempel. "A Risk-Return Approach to the Selection of Optimal Government Bond Portfolios," …

… Hempel This is Professor Hempel's presidential address delivered during the thirteenth
annual meeting of the Financial Management Association in Atlanta, Georgia on October 21, …

The self-interest of public officials constitutes another, closely related, market obstacle that
undermines the strength of depository institutions. The most flagrant instances of political self-…

… Hempel, George H. … Hempel, Donald G. Simonson, Alan B. Coleman …