Table of contents
ON DEFINING THE AGENCY COSTS OF DEBT
Raymond F. GormanSince Jensen and Meckling [1976] first introduced the concept of an agency cost of debt, most research on the agency cost of debt has centered on who bears these costs. Jensen and…
470
EMERGENCY CURRENCY AND THE 1914 BANKING CRISIS: IMPLICATIONS FOR FINANCIAL DEREGULATION
DONALD R. WELLS, L.S. SCRUGGSProfessor Richard Timberlake (1984) recently suggested that the Federal Reserve System (Fed) was made unnecessary by the clearinghouse loan certificate (CLOC). This paper presents…
85
THE TRANSFORMATION FUNCTION REVISITED
Richard K. Anderson, Carl E. EnomotoIntroduction The transformation function for two‐sector production models has been used extensively in the international trade and general equilibrium literature. It has been…
146
INTEREST RATES, EXPECTATIONS, AND MARGINAL TAX RATES: THE DARBY—FELDSTEIN EFFECT CONFIRMED
MICHAEL T. BOND, GERALD E. SMOLENAccording to independently developed hypotheses by Michael Darby (1975) and Martin Feldstein (1976) nominal interest rates will increase during an inflationary period by an amount…
105
ISSN:
1086-7376Online date, start – end:
1977Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof Niklas Wagner