To inform debates about deregulation of wholesale markets for electricity, we estimate
effective concentration in those markets in the contiguous United States in 1978. Our estimates …

A comprehensive framework dealing with modern yield curve risk and portfolio management
is provided. Key rate durations (KRD) are used to generate RiskMetrics cash flow mappings…

… Fridson Risk Management: Approaches for Fixed Income Markets, Bennett W. Golub and
Leo M. Tilman M&A: A Practical Guide to Doing the Deal, Jeffrey C. Hooke Security Analysis on …

This article by Golub and Crum presents six important lessons worth remembering from the
credit crisis of 2007-2009. The recent credit crisis revealed the inadequacy of many standard …

Many observers are dissatisfied with the current condition of privately owned electric utilities
in the United States. Numerous pro- posals have been made for change, including …

Fixed income exchange-traded funds (ETFs) trade on organised exchanges, often with narrow
spreads, liquidity and pre- and post-trade transparency. The tremendous success of fixed …

The article pursues frequently encountered solutions to the financing problems entailed in
schemes for the partial or total deregulatioon of electric-power generation. Unlike many who …

The human mind can imagine all sorts of unusual interest rate shocks, and considerable
time and resources may be spent on investigating the sensitivity of portfolios to these interest …

Predicting the behavior of homeowners in paying or prepaying their mortgages is a key
feature of both pricing and portfolio management models. All major players in the market of …

The electric utility industry is huge, with capital assets exceeding 220 billion dollars.
Regulation of this industry is pervasive, covering rates, entry, and construction of facilities; …