Journal of economics & business
VOL. 51 , NO. 2, 1999


Contents

Announcement (Special Issue): "Deregulation:
Theory and Practice" 77

Credit Risk Modeling and Internal Capital
Allocation Processes: Implications for a
Models-Based Regulatory Bank Capital Standard 79
David Jones and John Mingo

On the Relevance of Distinctions Between
Anticipated, Unanticipated Expansionary, and
Unanticipated Contractionary Monetary Policy 109
Joonsuk Chu and Ronald A. Ratti

Stochastic Trends and Cointegration in the
Market for Equities 133
Lucy F. Ackert and M. D. Racine

Measuring Input Substitution in Thrifts:
Morishima, Allen-Uzawa, and
Cross-Price Elasticities 145
Kevin J. Stiroh

The Optimal Face Value of a Discount Coupon 159
Uri Ben-Zion, Aharon Hibshoosh and Uriel Spiegel

Duration and Convexity of Zero-Coupon
Convertible Bonds 175
Sudipto Sarkar

Forthcoming papers 193

JOURNAL OF ECONOMICS & BUSINESS
VOL. 51 , NO. 4 , 1999


Contents

Announcement: Reduced Submission Fee 299

Announcement: Call for Papers: Special Issue:
"Deregulation: Theory and Practice" 301


Properly Estimating the Liquidity Effect: Why
Accounting for Stationarity and Outliers is
Important 303
Hany S. Guirguis


Econometric Tests of Firm Decision Making
Under Dual Sources of Uncertainty 315
Sudhakar Satyanarayan


Tax Rate Changes and the Long-Run Equilibrium
Relationship Between Taxable and Tax-Exempt
Interest Rates 327
William T. Chittenden and Scott E. Hein


Identifying Failing Companies: A Reevaluation of
the Logit, Probit and DA Approaches 347
Clive Lennox


Monetary Rules and Stock Market Value 365
Glenn W. Boyle and Leslie Young


Forthcoming Papers 373



List of reviews 374