Review of Financial Economics articles from March 1999

Review of Financial Economics archives from March 1999

The changing long-run linkage between yields on Treasury and municipal bonds and the 1986 Tax Act.(Statistical Data Included)
March 22, 1999... William J. Crowder [a] Mark E. Wohar [b,*] Abstract The Tax Act of 1986 changed the tax treatment of tax-exempt municipal bonds for banks. Since banks were the dominant participant in the municipal bond market until 1986, some...

Futures and realized cash or settle prices for gold, silver, and copper.
March 22, 1999... Oscar Varela [*] Abstract This article examines the relation between 15-, 30-, 45-, and 60-day gold, silver, and copper futures, and their realized cash or delivery settle prices, for deliveries on the first, middle, and last...

Weekday variations in short-term contrarian profits in futures markets.
March 22, 1999... J. Barry Lin [a] Joseph I. Onochie [b,*] Avner S. Wolf [c] Abstract This article documents and examines weekday patterns in short-term contrarian profits in futures markets. The Lo and Mackinlay (1990) methodology is used...

Jump risk in the U.S. stock market: Evidence using political information.
March 22, 1999... Bento J. Lobo [*] Abstract We examine the impact of U.S. elections and partisan politics on the stock market using jump--diffusion models of daily stock returns from 1965 to 1996. Our approach permits us to track jump risk in stock...