1994 Working Paper Series

#94-01
Do Consumers Pay for One-Stop Banking?
Lawrence Pulley, Allen Berger, and David Humphrey, August 1993
This is the preprint version only. For the published version please see: "Do Consumers Pay for One-Stop Banking? Evidence from an Alternative Revenue Function." Journal of Banking & Finance. Vol. 20 (9). pp 1601-21. November 1996.

#94-02
Managing Financial Reports of Commercial Banks
Anne Beatty, Sandra Chamberlain, and Joseph Magliolo, August 1993
This is the preprint version only. For the published version please see: "Managing Financial Reports of Commercial Banks: The Influence of Taxes, Regulatory Capital, and Earnings." Journal of Accounting Research. Vol. 33 (2). pp. 231-61. Autumn 1995.

#94-03
An Asian Option to the Valuation of Insurance Futures Contracts
J. David Cummins and Hèlyette Geman, September 1993
This is the preprint version only. For the published version please see: "Pricing Insurance Catastrophe Futures and Call Spreads: An Arbitrage Approach." Journal of Fixed Income. Vol. 4, pp. 46-57. March 1995.

#94-04
Strategic Management and Financial Markets
Franklin Allen, November 1993
This is the preprint version only. For the published version please see: "Strategic management and financial markets." Strategic Management Journal. Vol. 14 (Special Issue), pp. 11-22.Winter 1993.

#94-05
The Tort System "Lottery" and Insurance Fraud
J. David Cummins and Sharon Tennyson, September 1993
This is the preprint version only. For the published version please see: "Moral Hazard In Insurance Claiming: Evidence From Automobile Insurance." Journal of Risk and Uncertainty. Vol. 12, pp. 29-50. 1996.

#94-06
Venture Capital Contracting Under Asymmetric Information
Jeffrey Trester, October 1993
This is the preprint version only. For the published version please see: "Venture Capital Contracting under Asymmetric Information." Journal of Banking & Finance. Vol. 22 (6-8), pp. 675-99. August 1998.

#94-07
Did Risk-Based Capital Allocate Bank Credit and Cause a `Credit Crunch' in the U.S.?
Allen Berger and Gregory Udell, 1994
This is the preprint version only. For the published version please see: "Did Risk-Based Capital Allocate Bank Credit and Cause a 'Credit Crunch' in the United States?" Journal of Money, Credit & Banking. Vol. 26 (3), pp. 585-628, Part 2, August 1994.

#94-08
Financial Innovation and Bank Risk Taking
Anthony Santomero and Jeffrey Trester, September 1994
This is the preprint version only. For the published version please see:"Financial Innovation and Bank Risk Taking." Journal of Economic Behavior & Organization. Vol. 35 (1), pp. 25-37. March 1998.

#94-09
#94-09 Part 1
#94-09 Part 2
#94-09 Part 3
The Allocation of Risk in Cross-Border Deposit Transactions
Richard Herring and Friedrich Kübler, February 1994
This is the preprint version only. For the published version please see: "The Allocation of Risk in Cross-Border Deposit Transactions." Northwestern University Law Review. Vol. 89(3), pp. 801-887. 1995.

#94-10
Performance Changes and Shareholder Wealth Creation Associated with Mergers of Publicly Traded Banking Institutions
Steven Pilloff, March 1994
This is the preprint version only. For the published version please see: "Performance Changes and Shareholder Wealth Creation Associated with Mergers of Publicly Traded Banking Institutions." Journal of Money, Credit & Banking. Vol. 28 (3). pp. 294-310, Part 1. August 1996.

#94-11
Lines of Credit and Relationship Lending in Small Firm Finance
Allen Berger and Gregory Udell, March 1994
This is the preprint version only. For the published version please see: "Relationship Lending and Lines of Credit in Small Firm Finance." Journal of Business. Vol. 68, pp. 351-82. July1995.

#94-12
A Welfare Comparison of the German and U.S. Financial Systems
Franklin Allen and Douglas Gale, February 1994
This is the preprint version only. For the published version please see: "A Welfare Comparison of Intermediaries and Financial Markets in Germany and the US." European Economic Review. Vol. 39, pp. 179-209. 1995.

#94-13
Efficiency of Banks in the Third Federal Reserve District
Loretta Mester, December 1993
This is the preprint version only. For the published version please see:"A Study of Bank Efficiency Taking Into Account Risk-Preferences." Journal of Banking and Finance. Vol. 20, pp. 1025-1045. July 1996.

#94-14
Consumer Behavior and the Stickiness of Credit Card Interest Rates
Paul S. Calem and Loretta J. Mester, January 1994
This is the preprint version only. For the published version please see: "Consumer Behavior and the Stickiness of Credit Card Interest Rates" American Economic Review. Vol. 85, pp. 1327-1336. December 1995.

#94-15
Evidence on the Objectives of Bank Managers
Joseph Hughes and Loretta Mester, September 1992
This is the preprint version only. For the published version please see: "Evidence on the Objectives of Bank Managers." Proceedings of a Conference on Bank Structure and Competition. Federal Reserve Bank of Chicago. pp. 496-500. May 1994.

#94-16-B
Pricing the Risks of Default
Dilip Madan and Haluk Unal, October 1996
This is the preprint version only. For the published version please see: "Pricing the Risks of Default." Review of Derivatives Research. Vol. 2/3, pp. 121-160. 1998.

#94-17
The Relationship Between Capital and Earnings in Banking
Allen Berger, February 1994
This is the preprint version only. For the published version please see: "The Relationship Between Capital and Earnings in Banking." Journal of Money, Credit and Banking. Vol. 27, pp. 432-56. May 1995.

#94-18
Firm and Guarantor Risk, Risk Contagion and the Interfirm Spread Among Insured Deposits
Douglas Cook and Lewis Spellman, May 1994
This is the preprint version only. For the published version please see:"Firm and Guarantor Risk, Risk Contagion, and the Interfirm Spread among Insured Deposits." Journal of Financial & Quantitative Analysis. Vol. 31 (2), pp. 265-81. June 1996.

#94-19
Asymmetric Information and the Closed-End Fund Puzzle
Gyutaeg Oh and Stephen Ross, August 1993

#94-20
The Structure of Mutual Fund Charges
Tarun Chordia, November 1993
This is the preprint version only. For the published version please see: "The Structure of Mutual Fund Charges." Journal of Financial Economics. Vol. 41 (1), pp. 3-39. May 1996.

#94-21
The Marketing of Closed-End Fund IPOs
Kathleen Weiss Hanley, Charles Lee and Paul Seguin, November 1995
This is the preprint version only. For the published version please see: "The Marketing of Closed-End Fund IPOs: Evidence from Transactions Data." Journal of Financial Intermediation. Vol. 5 (2), pp. 127-59. April 1996.

#94-22
Structuring Deposit Insurance for a United Europe
Anthony Santomero and Jeffrey Trester, April 1993
This is the preprint version only. For the published version please see: "Structuring Deposit nsurance for a United Europe." European Financial Management. June 1997.

#94-23
International Financial Integration: The Continuing Process
Richard Herring, July 1994

#94-24
The Information Content of Bank Examinations
Allen Berger and Sally Davies, July 1994
This is the preprint version only. For the published version please see: "The Information Content of Bank Examinations." Journal of Financial Services Research. Vol. 14, pp. 117-144. October 1998.

#94-25
Bank Scale Economies, Mergers, Concentration, and Efficiency: The U.S. Experience
Allen Berger and David Humphrey, July 1994
This is the preprint version only. For the published version please see: "Economies d'Echelle, Fusions, Concentration et Efficacité: L'Experience dans la Banque Americaine," (Bank Scale Economies, Mergers, Concentration, and Efficiency: The U.S. Experience). La Revue d'économie financière. Vol. 27, pp. 123-254. Winter 1993.

#94-26
A General Method of Deriving the Efficiencies of Banks from a Profit Function
Jalal Akhavein, PVBA Swamy and Stephen Taubman, September 1994
This is the preprint version only. For the published version please see: "A General Method of Deriving the Inefficiencies of Banks from a Profit Function." Proceedings of the 31st Annual Conference on Bank Structure and Competition. Federal Reserve Bank of Chicago, pp. 386-405.

#94-27
The Efficiency of Bank Branches
Allen Berger, John Leusner and John Mingo, August 1994
This is the preprint version only. For the published version please see: "The Efficiency of Bank Branches." Journal of Monetary Economics. Vol. 40 (1). pp. 141-62. September 1997.

#94-28
Management Jobs in the Insurance Industry: Organizational Deskilling and Rising Pay Inequality
Elizabeth Scott, K.C. O'Shaughnessy and Peter Cappelli, October 1994
This is the preprint version only. For the published version please see: "Management Jobs in he Insurance Industry: Organizational Deskilling and Rising Pay Inequity" in Broken Ladders: Managerial Careers in the New Economy. Osterman, Paul, ed., New York and Oxford: Oxford University Press. pp. 126-54. 1996.

#94-29
The Efficiency Cost of Market Power in the Banking Industry: A Test of the 'Quiet Life' and Related Hypotheses
Allen Berger and Timothy Hannan, November 1994
This is the preprint version only. For the published version please see: "The Efficiency Cost of Market Power in the Banking Industry: A Test of the 'Quiet Life' and Related Hypotheses." Review of Economics & Statistics. Vol. 80 (3), pp. 454-65. August 1998.

#94-30
Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing
Daniel A. Levinthal and Jennifer Myatt, December 1994
This is the preprint version only. For the published version please see: "Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing." Strategic Management Journal. Vol. 15, pp. 45-62. Winter 1994.

#94-31
Structuring Deposit Insurance in Europe: Some Considerations and a Regulatory Game
Carmine DiNoia, December 1994