The empirical results obtained in this study suggest that, in the United States, a rise in the real long-term rate of interest elicits a rise in the federal government budget deficit. This impact of the real long-term interest rate appears to arise because of the negative effect that higher real...

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This study describes the principal provisions in the Federal Deposit Insurance Corporation Improvement Act of 1991. The study then empirically investigates the impact of this statute on bank and savings and loan failures. The empirical findings indicate that, because of the changes brought about...

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