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-preferred securities (TPS) until 1996, when the Federal Reserve qualified them as Tier-1 capital. We delineate and test hypotheses with 1 …
Persistent link: https://www.econbiz.de/10005721639
In 1997 the U.S. Treasury introduced Inflation Indexed (or Protected) Securities with substantial promotional fanfare … different from that of conventional Treasury securities. Utilizing an after-tax valuation approach, they further show that under …, conventional fixed-rate Treasury securities. …
Persistent link: https://www.econbiz.de/10005401931
shareholders. Insider trading is in derivative securities and thus does not adversely affect the firm's cost of raising funds. In …
Persistent link: https://www.econbiz.de/10005401937
This paper reviews the extant empirical studies of financial innovation. Adopting broad criteria, the authors found just two dozen studies, over half of which (fourteen) had been conducted since 2000. Since some financial innovations are examined by more than one study, only fourteen distinct...
Persistent link: https://www.econbiz.de/10005514531