2001 Working Paper Series

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#01-01
Modeling and Forecasting Realized Volatility
Torben G. Andersen, Tim Bollerslev, Francis X. Diebold and Paul Labys, January 2001
This is the preprint version only. For the published version please see: Econometrica, 71, 579-626, 2003.

#01-02
Financial Regulation and Supervision in the Euro Area: A Four-Peak Proposal
Giorgio Di Giorgio and Carmine Di Noia, January 2001

#01-03
The Effect of Transaction Size on Off-the-Run Treasury Prices
David F. Babbel, Craig B. Merrill, Mark F. Meyer and Meiring de Villiers, February 2001

#01-04
Do Financial Institutions Matter?
Franklin Allen, February 2001
This is the preprint version only. For the published version please see: Journal of Finance, 56, pp. 1165-1175. 2001.

#99-02-B
Checking Accounts and Bank Monitoring
Loretta J. Mester, Leonard I. Nakamura and Micheline Renault, March 2001

#01-05
Variable Selection in Data Mining: Building a Predictive Model for Bankruptcy
Dean P. Foster and Robert A. Stine, February 2001

#01-06
The Value of Integrative Risk Management for Insurance Products with Guarantees
Andrea Consiglio, Flavio Cocco and Stavros A. Zenios, March 2001

#01-07
A Simple Approach to Estimate Recovery Rates with APR Violation from Debt Spreads
Haluk Unal, Dilip Madan and Levent Guntay, February 2001

#01-08
The Case of the Missing Market: The Bond Market and Why It Matters for Financial Development
Richard J. Herring and Nathporn Chatusripitak, May 2000

#01-09
Infrastructure Requirements in the Area of Bankruptcy Law
Clas Wihlborg and Shubhashis Gangopadhyay, January 2001

#01-10
Consumer Response to Changes in Credit Supply: Evidence from Credit Card Data
David Gross and Nicholas Souleles, March 2001

#01-11
Personal Bankruptcy and the Level of Entrepreneurial Activity
Wei Fan and Michelle J. White, March 2001

#01-12
A Theory of Transactions Privacy
Charles Kahn, James McAndrews and William Roberds, March 2001

#01-13
Estimating Switching Costs and Oligopolistic Behavior
Moshe Kim, Doron Kliger and Bent Vale, March 2001

#01-14
Bank Consolidation and Consumer Loan Interest Rates
Charles Kahn, George Pennacchi and Ben Sopranzetti, March 2001

#01-15
Comparative Financial Systems: A Survey
Franklin Allen and Douglas Gale, April 2001
This is the preprint version only. For the published version please see: Credit, Intermediation and and the Macroeconomy, edited by A. Boot, S. Bhattacharya and A. Thakor. pp. 699-770. Oxford University Press. 2004.

#01-16
Revisiting Vertical Scope: Capabilities, Integration and Profitability in the Mortgage Banking Industry
Michael G. Jacobides, April 2001

#01-17
Vertical Scope Revisited: Transaction Costs vs Capabilities & Profit Opportunities in Mortgage Banking
Michael G. Jacobides and Lorin M. Hitt, April 2001

#01-18
Risk Management in an Age of Change
Daniel M.G. Raff, June 2000

#01-19
The Diffusion of Financial Innovations: An Examination of The Adoption of Small Business Credit Scoring by Large Banking Organizations
Jalal Akhavein, W. Scott Frame and Lawrence J. White, May 2001

#01-20
The International Expansion of Singapore's Largest Banks
Adrian E. Tschoegl, May 2001
This is the preprint version only. For the published version please see: "The internationalization of Singapore's largest banks." Journal of Asian Business 18 (1): 1-35.

#01-21-B
Payout Policy
Franklin Allen and Roni Michaely, April 2002
This is the preprint version only. For the published version please see: North-Holland Handbook of Economics, edited by George Constantinides, Milton Harris and Rene Stulz, pp. 337-429.

#01-22
Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation and Dynamic Changes in Competition
Allen N. Berger and Loretta J. Mester, April 2001
This is the preprint version only. For the published version please see: Journal of FInancial Intermediation, 12, pp. 57-95. 2003.

#01-23-B
Another View of Predatory Lending
Jack Guttentag, August 2001

#01-24
The Tail that Wags the Dog: Integrating Credit Risk in Asset Portfolios
Norbert Jobst and Stavros A. Zenios, July 2001

#01-25
Extending Credit Risk (Pricing) Models for the Simulation of Portfolios of Interest Rate and Credit Risk Sensitive Securities
Norbert Jobst and Stavros A. Zenios, July 2001

#01-26
Asset Price Bubbles and Monetary Policy
Franklin Allen and Douglas Gale, May 2000
This is the preprint version only. For the published version please see: Global Governance and Financial Crises, edited by Meghnad Desai and Yahia Said, pp. 19-42. Routledge. 2004.

#00-30-B
What Makes a High-Performance Workplace? Evidence from Retail Bank Branches
Larry W. Hunter and Lorin M. Hitt, August 2001
Forthcoming, Labor and Industrial Relations Review.

#01-27
Where Do Women's Jobs Come From? Job Resegregation in an American Bank
Eva Skuratowicz and Larry W. Hunter, August 2001

#01-28
Searching for New Regulatory Frameworks for the Intermediate Financial Structure in Post-Crisis Asia
Sayuri Shirai, July 2001

#01-29
Banking Regulation versus Securities Market Regulation
Franklin Allen and Richard Herring, July 2001

#01-30
China and the World Financial Markets 1870-1930: Modern Lessons From Historical Globalization
William N. Goetzmann and Andrey Ukhov, July 2001

#01-31
Institutions, Relationships and Bank Competition in Bond Underwriting Markets: An International Comparative Study
Ayako Yasuda, July 2001
This is the preprint version only. For the published version please see:"Bank Relationships and Underwriter Competition: Evidence from Japan," Journal of Financial Economics, 86(2), November 2007, 369-404.

#01-32
Broadbasing and Deepening the Bond Market in India
R.H. Patil, July 2001

#01-33-B
Is the Offer Price in IPOs Informative? Underpricing, Ownership Structure, and Performance
Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt, February 2002

#01-34
Liquidity Shocks, Systemic Risk, and Market Collapse: Theory and Application to the Market for Perps
Chitru S. Fernando and Richard J. Herring, August 2001

#01-35
Experience Spillovers across Corporate Development Activities
Maurizio Zollo and Jeffrey J. Reuer, September 2001

#01-36
E-Finance: An Introduction
Franklin Allen, James McAndrews and Philip Strahan, October 200
This is a preprint version only. For the published version, please see: Journal of Financial Services Research. 22: 1/2, pp. 5-27. 2002.

#01-37-B
Financial Fragility, Liquidity and Asset Prices
Franklin Allen and Douglas Gale, January 2003
This is hte preprint version only. For the published version please see:Journal of European Economic Association,.2(6), 1015-1048, 2004.

#01-38-B
Modeling Regional Interdependencies Using a Global Error-Correcting Macroeconometric Model
M. Hashem Pesaran, Til Schuermann and Scott M. Weiner, December 2002
#01-38 Figures
#01-38 Tables
This is the preprint version only. For the published version please see: Journal of Business & Economic Statistics 22 (2), 129-162 and 175-181. 2004.