Table Of Content

ANNUAL INDEX Volume 33, 2001 Alam, Ila M. Semenick, A Nonparametric Ap- Campbell, John Y., and Sydney Ludvigson, Elas- proach for Assessing Productivity Dynamics of ticities of Substitution in Real Business Cycle Large U.S. Banks, 121-39 Models with Home Production, 847-75 Albanesi, Stefanie, and Larry Christiano, Com- Capital Markets and the Exchange Rate, with Spe- ment, 398-403 cial Reference to the Dollarization Debate in Altunbas, Yener, Lynne Evans, and Philip Latin America, Guillermo A. Calvo, 312-34 Molyneux, Bank Ownership and Efficiency, Carkovic, Maria. See Levine, Ross 926-54 Choice of Numeraire Currency in Panel Tests of Alvarez, Fernando, Comment, 474-81 Purchasing Power Parity, The, David H. Papell Arestis, Philip, Panicos O. Demetriades, and Kul and Hristos Theodoridis, 790-803 B. Luintel, Financial Development and Eco- Christiano, Larry. See Albanesi, Stefanie nomic Growth: The Role of Stock Markets, Clarida, Richard H., Comment, 667-68 16-41 Clark, Peter, Douglas Laxton, and David Rose, An Asymmetric Effects of Money Supply Shocks and Evaluation of Alternative Monetary Policy Trend Inflation, Takashi Senda, 65-89 Rules in a Model of Capacity Constraints, 42-64 Bank Ownership and Efficiency, Yener Altunbas, Coleman, William, Is It Possible That an Indepen- Lynne Evans, and Philip Molyneux, 926-54 dent Central Bank Is Impossible? The Case of Bank Intermediation over the Business Cycle, Tor the Australian Notes Issue Board, 1920-1924, Einarsson and Milton H. Marquis, 876—99 729-48 Beetsma, Roel M.W.J., and A. Lans Bovenberg, Comment, Stefanie Albanesi and Larry Christiano, The Optimality of a Monetary Union without a 398-403 Fiscal Union, 179-204 Comment, Fernando Alvarez, 474-81 Belay, Halefom. See Bischoff, Charles W. Comment, Richard H. Clarida, 667-68 Bencivenga, Valerie R., Elisabeth Huybens, and Comment, Mario Crucini, 434-39 Bruce D. Smith, Dollarization and the Integra- Comment, Marco A. Espinosa-Vega, 542-47 tion of International Capital Markets: A Contri- bution to the Theory of Optimal Currency Areas, Comment, Jon Faust, 364-69 548-89 Comment, Anil K Kashyap, 335-38 Benefits of Dollarization When Stabilization Pol- Comment, Timothy J. Kehoe, 590—96 icy Lacks Credibility and Financial Markets Are Comment, Thomas J. Sargent, 617-25 Imperfect, The, Enrique G. Mendoza, 440-74 Comment, Carlos Zarazaga, 510-17 Bennett, Paul, Richard Peach, and Stavros Peris- Cooley, Thomas F., and Vincenzo Quadrini, The tiani, Structural Change in the Mortgage Market Costs of Losing Monetary Independence: The and the Propensity to Refinance, 955-75 Case of Mexico, 370-97 Bischoff, Charles W., and Halefom Belay, The Costs of Losing Monetary Independence, The: The Problem of Identification of the Money Demand Case of Mexico, Thomas F. Cooley and Vin- Function, 205-15 cenzo Quadrini, 370-97 Borjas, George J., and Eric O’N. Fisher, Dollariza- Crucini, Mario, Comment, 434-39 tion and the Mexican Labor Market, 626-47 Cysne, Rubens Penha. See Simonsen, Mario Hen- Bovenberg, A. Lans. See Beetsma, Roel M.W.J. rique Calvo, Guillermo A., Capital Markets and the Ex- Del Negro, Marco, Alejandro Hernandez-Delgado, change Rate, with Special Reference to the Dol- Owen Humpage, and Elisabeth Huybens, In- larization Debate in Latin America, 312-34 troduction: Context, Issues, and Contributions, ANNUAL INDEX Volume 33, 2001 Alam, Ila M. Semenick, A Nonparametric Ap- Campbell, John Y., and Sydney Ludvigson, Elas- proach for Assessing Productivity Dynamics of ticities of Substitution in Real Business Cycle Large U.S. Banks, 121-39 Models with Home Production, 847-75 Albanesi, Stefanie, and Larry Christiano, Com- Capital Markets and the Exchange Rate, with Spe- ment, 398-403 cial Reference to the Dollarization Debate in Altunbas, Yener, Lynne Evans, and Philip Latin America, Guillermo A. Calvo, 312-34 Molyneux, Bank Ownership and Efficiency, Carkovic, Maria. See Levine, Ross 926-54 Choice of Numeraire Currency in Panel Tests of Alvarez, Fernando, Comment, 474-81 Purchasing Power Parity, The, David H. Papell Arestis, Philip, Panicos O. Demetriades, and Kul and Hristos Theodoridis, 790-803 B. Luintel, Financial Development and Eco- Christiano, Larry. See Albanesi, Stefanie nomic Growth: The Role of Stock Markets, Clarida, Richard H., Comment, 667-68 16-41 Clark, Peter, Douglas Laxton, and David Rose, An Asymmetric Effects of Money Supply Shocks and Evaluation of Alternative Monetary Policy Trend Inflation, Takashi Senda, 65-89 Rules in a Model of Capacity Constraints, 42-64 Bank Ownership and Efficiency, Yener Altunbas, Coleman, William, Is It Possible That an Indepen- Lynne Evans, and Philip Molyneux, 926-54 dent Central Bank Is Impossible? The Case of Bank Intermediation over the Business Cycle, Tor the Australian Notes Issue Board, 1920-1924, Einarsson and Milton H. Marquis, 876—99 729-48 Beetsma, Roel M.W.J., and A. Lans Bovenberg, Comment, Stefanie Albanesi and Larry Christiano, The Optimality of a Monetary Union without a 398-403 Fiscal Union, 179-204 Comment, Fernando Alvarez, 474-81 Belay, Halefom. See Bischoff, Charles W. Comment, Richard H. Clarida, 667-68 Bencivenga, Valerie R., Elisabeth Huybens, and Comment, Mario Crucini, 434-39 Bruce D. Smith, Dollarization and the Integra- Comment, Marco A. Espinosa-Vega, 542-47 tion of International Capital Markets: A Contri- bution to the Theory of Optimal Currency Areas, Comment, Jon Faust, 364-69 548-89 Comment, Anil K Kashyap, 335-38 Benefits of Dollarization When Stabilization Pol- Comment, Timothy J. Kehoe, 590—96 icy Lacks Credibility and Financial Markets Are Comment, Thomas J. Sargent, 617-25 Imperfect, The, Enrique G. Mendoza, 440-74 Comment, Carlos Zarazaga, 510-17 Bennett, Paul, Richard Peach, and Stavros Peris- Cooley, Thomas F., and Vincenzo Quadrini, The tiani, Structural Change in the Mortgage Market Costs of Losing Monetary Independence: The and the Propensity to Refinance, 955-75 Case of Mexico, 370-97 Bischoff, Charles W., and Halefom Belay, The Costs of Losing Monetary Independence, The: The Problem of Identification of the Money Demand Case of Mexico, Thomas F. Cooley and Vin- Function, 205-15 cenzo Quadrini, 370-97 Borjas, George J., and Eric O’N. Fisher, Dollariza- Crucini, Mario, Comment, 434-39 tion and the Mexican Labor Market, 626-47 Cysne, Rubens Penha. See Simonsen, Mario Hen- Bovenberg, A. Lans. See Beetsma, Roel M.W.J. rique Calvo, Guillermo A., Capital Markets and the Ex- Del Negro, Marco, Alejandro Hernandez-Delgado, change Rate, with Special Reference to the Dol- Owen Humpage, and Elisabeth Huybens, In- larization Debate in Latin America, 312-34 troduction: Context, Issues, and Contributions, INDEX 1023 Global Monetary Integration Conference, Fiscal Requirements for Price Stability, Michael 303-11 Woodford, 669-728 Del Negro, Marco, and Francesc Obiols-Homs, Fischer, Stanley. See Easterly, William Has Monetary Policy Been So Bad That It Is Flannery, Mark J. See DeYoung, Robert Better to Get Rid of It? The Case of Mexico, Frame, W. Scott, Aruna Srinivasan, and Lynn 404-33 Woosley, The Effect of Credit Scoring on Small- Demetriades, Panicos O. See Arestis, Philip Business Lending, 813-25 DeYoung, Robert, Mark J. Flannery, William W. Lang, and Sorin M. Sorescu, The Information Gong, Liutang, and Heng-Fu Zou, Money, Social Content of Bank Exam Ratings and Subordi- Status, and Capital Accumulation in a Cash-in- nated Debt Prices, 900-25 Advance Model, 284-93 Dollarization and the Integration of International Grossman, Richard S., Double Liability and Bank Capital Markets: A Contribution to the Theory Risk Taking, 143-59 of Optimal Currency Areas, Valerie R. Ben- civenga, Elisabeth Huybens, and Bruce D. Smith, 548-89 Has Monetary Policy Been So Bad That It Is Better to Get Rid of It? The Case of Mexico, Marco Dollarization and the Mexican Labor Market, Del Negro and Francesc Obiols-Homs, 404—33 George J. Borjas and Eric ON. Fisher, 626-47 Hasan, Iftekhar. See Kumbhakar, Subal C. Double Liability and Bank Risk Taking, Richard S. Hernandez-Delgado, Alejandro. See Del Negro, Grossman, 143-59 Marco How Much Bang for the Buck? Mexico and Dol- Easterly, William, and Stanley Fischer, Inflation larization, Ross Levine and Maria Carkovic, and the Poor, 160-78 339-63 Effect of Credit Scoring on Small-Business Lend- How Sure Are We about Purchasing Power Parity? ing, The, W. Scott Frame, Aruna Srinivasan, and Panel Evidence with the Null of Stationary Real Lynn Woosley, 813-25 Exchange Rates, Biing-Shen Kuo and Anne Effects of Deregulation on the Performance of Fi- Mikkola, 767-89 nancial Institutions, The: The Case of Spanish Humpage, Owen. See Del Negro, Marco Savings Banks, Subal C. Kumbhakar, Ana Humphrey, David B., Moshe Kim, and Bent Vale, Lozano-Vivas, C.A. Knox Lovell, and Iftekhar Realizing the Gains from Electronic Payments: Hasan, 101-20 Costs, Pricing, and Payment Choice, 216-34 Effects of Inflation on the Number of Firms and Huybens, Elisabeth. See Bencivenga, Valerie R. Firm Size, The, Yangru Wu and Junxi Zhang, ____. See Del Negro, Marco 251-71 Einarsson, Tor, and Milton H. Marquis, Bank In- termediation over the Business Cycle, 876-99 In-Concert Overexpansion and the Precautionary Demand for Bank Reserves, George Selgin, Elasticities of Substitution in Real Business Cycle 294-300 Models with Home Production, John Y. Camp- bell and Sydney Ludvigson, 847-75 Inflation and the Poor, William Easterly and Stan- ley Fischer, 160-78 Engel, Charles, Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Mar- Information Content of Bank Exam Ratings and kets, 518-41 Subordinated Debt Prices, The, Robert DeYoung, Mark J. Flannery, William W. Lang, Engel, Charles, and John H. Rogers, Violating the and Sorin M. Sorescu, 900-25 Law of One Price: Should We Make a Federal Case Out of It?, 1-15 Institutional Arrangements for Monetary Policy When Output Is Persistent, Oistein Reisland, Espinosa-Vega, Marco A., Comment, 542-47 994-1014 Evaluating the Basle Guidelines for Backtesting Introduction: Context, Issues, and Contributions, Banks’ Internal Risk Management Models, Global Monetary Integration Conference, André Lucas, 826-46 Marco Del Negro, Alejandro Hernandez-Del- Evaluation of Alternative Monetary Policy Rules gado, Owen Humpage, and Elisabeth Huybens, in a Model of Capacity Constraints, An, Peter 303-11 Clark, Douglas Laxton, and David Rose, 42-64 Is It Possible That an Independent Central Bank Is Evans, Lynne. See Altunbas, Yener Impossible? The Case of the Australian Notes Issue Board, 1920-1924, William Coleman, Faust, Jon, Comment, 364-69 729-48 Financial Development and Economic Growth: Is Purchasing Power Parity Overvalued?, Jyh-Lin The Role of Stock Markets, Philip Arestis, Pani- Wu and Shaowen Wu, 804-12 cos O. Demetriades, and Kul B. Luintel, 16-41 Fiscal Consequences for Mexico of Adopting the Kashyap, Anil K, Comment, 335-38 Dollar, Christopher A. Sims, 597-616 Kehoe, Timothy J., Comment, 590—96 1024 MONEY, CREDIT, AND BANKING Kim, Moshe. See Humphrey, David B. Union, The, Roel M.W.J. Beetsma and A. Lans Kumbhakar, Suba! C., Ana Lozano-Vivas, C. A. Bovenberg, 179-204 Knox Lovell, and Iftekhar Hasan, The Effects of Deregulation on the Performance of Financial Papell, David H., and Hristos Theodoridis, The Institutions: The Case of Spanish Savings Choice of Numeraire Currency in Panel Tests of Banks, 101-20 Purchasing Power Parity, 790-803 Kuo, Biing-Shen, and Anne Mikkola, How Sure Parsley, David C., and Helen A. Popper, Official Are We about Purchasing Power Parity? Panel Exchange Rate Arrangements and Real Ex- Evidence with the Null of Stationary Real Ex- change Rate Behavior, 976-93 change Rates, 767-89 Peach, Richard. See Bennett, Paul Peristiani, Stavros. See Bennett, Paul Lang, William W. See DeYoung, Robert Popper, Helen A. See Parsley, David C. Laxton, Douglas. See Clark, Peter Problem of Identification of the Money Demand Levine, Ross, and Maria Carkovic, How Much Function, The, Charles W. Bischoff and Hale- Bang for the Buck? Mexico and Dollarization, fom Belay, 205-15 339-63 Production Smoothing When Bank Loan Supply Leybourne, Stephen J. See Newbold, Paul Shifts: The Role of Variable Capacity Utiliza- Lovell, C.A. Knox. See Kumbhakar, Subal C. tion, Hung-Jen Wang, 749-66 Lozano-Vivas, Ana. See Kumbhakar, Subal C. Lucas, André, Evaluating the Basle Guidelines for Quadrini, Vincenzo. See Cooley, Thomas F. Backtesting Banks’ Internal Risk Management Models, 826-46 Realizing the Gains from Electronic Payments: Ludvigson, Sydney. See Campbell, John Y. Costs, Pricing, and Payment Choice, David B. Luintel, Kul B. See Arestis, Philip Humphrey, Moshe Kim, and Bent Vale, 216-34 Relative Forecasting Performance of the Divisia Marquis, Milton H. See Einarsson, Tor and Simple Sum Monetary Aggregates, The, Mendoza, Enrique G., The Benefits of Dollariza- Donald L. Schunk, 272-83 tion When Stabilization Policy Lacks Credibil- Rogers, John H. See Engel, Charles ity and Financial Markets Are Imperfect, Rgisland, @istein, Institutional Arrangements for 440-74 Monetary Policy When Output Is Persistent, Mikkola, Anne. See Kuo, Biing-Shen 994-1014 Molyneux, Philip. See Altunbas, Yener Rose, David. See Clark, Peter Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model, Liutang Gong and Sargent, Thomas J., Comment, 617-25 Heng-Fu Zou, 284-93 Schmitt-Grohé, Stephanie, and Martin Uribe, Sta- bilization Policy and the Costs of Dollarization, Newbold, Paul, Stephen J. Leybourne, Robert Sol- 482-509 lis, and Mark E. Wohar, U.S. and U.K. Interest Schunk, Donald L., The Relative Forecasting Per- Rates, 1890-1934: New Evidence on Structural formance of the Divisia and Simple Sum Mone- Breaks, 235-50 tary Aggregates, 272-83 Nonparametric Approach for Assessing Productiv- Selgin, George, In-Concert Overexpansion and the ity Dynamics of Large U.S. Banks, A, Ila M. Se- Precautionary Demand for Bank Reserves, menick Alam, 121—39 294-300 Senda, Takashi, Asymmetric Effects of Money Obiols-Homs, Francesc. See Del Negro, Marco Supply Shocks and Trend Inflation, 65-89 Official Exchange Rate Arrangements and Real Simonsen, Mario Henrique, and Rubens Penha Exchange Rate Behavior, David C. Parsley and Cysne, Welfare Costs of Inflation and Interest- Helen A. Popper, 976-93 Bearing Money, 90-100 Opening Remarks, Global Monetary Integration Sims, Christopher A., Fiscal Consequences for Conference, Mark S. Sniderman, 301-302 Mexico of Adopting the Dollar, 597-616 Optimal Central Bank Areas, Financial Intermedi- Smith, Bruce D. See Bencivenga, Valerie R. ation, and Mexican Dollarization, Alan C. Sniderman, Mark S., Opening Remarks, Global Stockman, 648-66 Monetary Integration Conference, 301—302 Optimal Denominations for Coins and Bank Sollis, Robert. See Newbold, Paul Notes: In Defense of the Principle of Least Ef- Sorescu, Sorin M. See DeYoung, Robert fort, Leo Van Hove, 1015-21 Srinivasan, Aruna. See Frame, W. Scott Optimal Exchange Rate Policy: The Influence of Stabilization Policy and the Costs of Dollarization, Price Setting and Asset Markets, Charles Engel, Stephanie Schmitt-Grohé and Martin Uribe, 518-41 482-509 Optimality of a Monetary Union without a Fiscal Stockman, Alan C., Optimal Central Bank Areas, INDEX 1025 Financial Intermediation, and Mexican Dollar- Wang, Hung-Jen, Production Smoothing When ization, 648-66 Bank Loan Supply Shifts: The Role of Variable Structural Change in the Mortgage Market and the Capacity Utilization, 749-66 Propensity to Refinance, Paul Bennett, Richard Welfare Costs of Inflation and Interest-Bearing Peach, and Stavros Peristiani, 955-75 Money, Mario Henrique Simonsen and Rubens Penha Cysne, 90-100 Theodoridis, Hristos. See Papell, David H. Wohar, Mark E. See Newbold, Paul Woodford, Michael, Fiscal Requirements for Price Uribe, Martin. See Schmitt-Grohé, Stephanie Stability, 669-728 U.S. and U.K. Interest Rates, 1890-1934: New Woosley, Lynn. See Frame, W. Scott Evidence on Structural Breaks, Paul Newbold, Wu, Jyh-Lin, and Shaowen Wu, Is Purchasing Stephen J. Leybourne, Robert Sollis, and Mark Power Parity Overvalued?, 804-12 E. Wohar, 235-50 Wu, Shaowen. See Wu, Jyh-Lin Wu, Yangru, and Junxi Zhang, The Effects of Infla- Vale, Bent. See Humphrey, David B. tion on the Number of Firms and Firm Size, Van Hove, Leo, Optimal Denominations for Coins 251-71 and Bank Notes: In Defense of the Principle of Least Effort, 1015-21 Zarazaga, Carlos, Comment, 510-17 Violating the Law of One Price: Should We Make Zhang, Junxi. See Wu, Yangru a Federal Case Out of It?, Charles Engel and Zou, Heng-Fu. See Gong, Liutang John H. Rogers, 1-15