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Sylvia Beach and the Lost Generation: A History of Literary Paris in the Twenties and Thirties
by: Noel Riley Fitch
0393017133 / 9780393017137

Book Description:
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on February 1, 1994. The length of the article is 8161 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: This paper analyzes how financial markets reacted to S&L diversification into junk bonds. We report that junk bond holdings are positively correlated with both the volatility of S&L equity returns and the interest rates paid on large CDs. Next, we examine the impact of junk bonds on equity returns. For poorly capitalized S&Ls, greater risk taking increases the value of deposit insurance and should lead to higher stock returns. However, a well-capitalized institution that increases junk bond holdings should not experience stock price gains. We find that this is the case for the sample of S&Ls we studied. (Printed by permission of the publisher.)Citation DetailsTitle: An empirical test of the incentive effects of deposit insurance: the case of junk bonds at savings and loan associations.Author: Elijah, III BrewerPublication: Journal of Money, Credit & Banking (Refereed)Date: February 1, 1994Publisher: Ohio State University PressVolume: v26 Issue: n1 Page: p146(19)Distributed by Thomson Gale

Sylvia Beach and the Lost Generation: A History of Literary Paris in the Twenties and Thirties

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