Review of Financial Economics articles from January 1 2002

Review of Financial Economics archives from January 1 2002

An empirical analysis of the impact of stock index futures trading on securities dealers' inventory risk in the NASDAQ market.
January 1, 2002... Abstract Stock index futures contracts (SIFCs) were developed in part to allow equity investors to conveniently hedge portfolio risks. Therefore, we may expect to observe smaller bid/ask spreads among NASDAQ equities following the...

A model of broker's trading, with applications to order flow internalization **.
January 1, 2002... Abstract Although brokers' trading is endemic in securities markets, the form of this trading differs between markets. Whereas in some securities markets, brokers may trade with their customers in the same transaction (simultaneous dual...

Membership growth, multiple membership groups and agency control at credit unions.
January 1, 2002... Abstract Starting in 1982, the federal credit union regulator allowed credit unions to add multiple membership groups. The policy was disallowed by the U.S. Supreme Court in 1998, but revalidated by the U.S. Congress later that year....

Consumption and asset prices an analysis across income groups.(Statistical Data Included)
January 1, 2002... Abstract Employing aggregate consumption data to test the consumption-based capital asset pricing model (CCAPM) is likely to lead to a specification error since a significant portion of consumers live from paycheck-to-paycheck and,...

Consistent pricing of warrants and traded options.(Statistical Data Included)
January 1, 2002... Abstract Warrants issuance affects the stock price process of the issuing company. This change in the stock price process leads to subsequent changes in the prices of options written on the issuing company's stocks. In this paper, we...