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Working Papers

1992

92-01 "Growth, Trade, and International Monetary Policies," by Eric O'N. Fisher.

92-02 "Mutual Financial Intermediaries: Theory and Evidence," by Bruce D. Smith and Michael J. Stutzer.
Published in The Review of Financial Studies, under the revised title "A Theory of Mutual Formation and Moral Hazard, with Evidence from the History of the Insurance Industry," Vol. 8, 1995, 545-577.

92-03 "Econometric Analysis of Sequential Discrete Choice Models," by Mark Y. An.

92-04 "Do Open Market Operations Matter? Theory and Evidence from the Second Bank of the United States," by Richard A. Highfield, Maureen O'Hara, and Bruce Smith.
Published in the Journal of Economic Dynamics and Control, Vol. 20, 1996, 479-519.

92-05 "Liquidity of Secondary Capital Markets: Allocative Efficiency and the Maturity Composition of the Capital Stock," by Valerie R. Bencivenga, Bruce D. Smith, and Ross M. Starr.
Published in Economic Theory, Vol. 7, 1996, 19-50.

92-06 "Industry Dynamics in the Presence of Local Externalities," by Mark Y. An and Nicholas M. Kiefer.

92-07 "Extrinsic Uncertainty: An Example," by Peter J. Francis and Daniel S. Hosken.

92-08 "The Overlapping-Generations Model and Monetary Economics," by Karl Shell and Bruce D. Smith.
Published in The New Palgrave Dictionary on Money and Finance (edited by J. Eatwell, M. Milgate, and P. Newman, Macmillan Press), 1992, 104-109.

92-09 "Sunspot Equilibrium," by Karl Shell and Bruce D. Smith.
Published in The New Palgrave Dictionary on Money and Finance (edited by J. Eatwell, M. Milgate, and P. Newman, Macmillan Press), 1992, 601-607.

92-10 "Information Revelation in Repeated Delegation," by Patrick Legros.

92-11 "Lattice Games: Evolution and Equilibria Selection," by Mark Y. An and Nicholas M. Kiefer.
Published in Journal of Evolutionary Economics, under the title of "Local Externalities and Societal Adoption of Technologies, 5, 1995, 103-117.

92-12 "The Origins of the Monetary Union in the United States," by Arthur J. Rolnick, Bruce D. Smith, and Warren E. Weber.
Published in Varieties of Monetary Reform, Kluwer Press, Pierre Siklos (ed.), 1995.

92-13 "One Day in the Life of a Very Common Stock," by David Easley, Nicholas M. Kiefer, and Maureen O'Hara.
Published in "One Day in the Life of a Common Stock" (with Nick Kiefer and D. Easley), Review of Financial Studies, 1997