We examine the relationship between derivatives use of US savings associations during 1993-1997. The advantage of examining thrifts is that they are only end-users of derivatives. We find that: (I) firm size positively correlated with derivatives use generally and to OTC derivatives use in...

The authors examine the relationship between derivatives use and the interest-rate risk of US savings associations during the period 1993-1997. Advantages of the use of thrift data, as opposed to commercial bank data, include markedly superior detail, a homogeneous industry, the industry's...

The presumption that mortgage markets for low-income borrowers and neighborhoods are underserved by lenders has led to a variety of increased government interventions on the supply side of the housing market. Although many studies of low-income lending at the neighborhood level have been...