M@n@gement is a double-blind reviewed journal where articles are published in their original language as soon as they have been accepted. Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the jo...

M@n@gement is a double-blind reviewed journal where articles are published in their original language as soon as they have been accepted. Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the jo...

M@n@gement is a double-blind reviewed journal where articles are published in their original language as soon as they have been accepted. Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the jo...

Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the journal editor(s) and the author(s). M@n@gement is a double-blind refereed journal where articles are published in their original language a...

Under the National Banking System, 1863–1914, national banks that deposited sufficient collateral could issue notes provided they paid a tax on notes in circulation: 1% per year before 1900 and 12% thereafter. Because note issue was far below the allowed maximum, an arbitrage argument predicts that short-term nominal interest rates should have been bounded above by the tax rate. They were not. ...

M@n@gement is a double-blind reviewed journal where articles are published in their original language as soon as they have been accepted. Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the jo...

M@n@gement is a double-blind reviewed journal where articles are published in their original language as soon as they have been accepted. Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the jo...

M@n@gement Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the journal editor(s) and the author(s). M@n@gement is a double-blind refereed journal where articles are published in their original...

M@n@gement is a double-blind reviewed journal where articles are published in their original language as soon as they have been accepted. Copies of this article can be made free of charge and without securing permission, for purposes of teaching, research, or library reserve. Consent to other kinds of copying, such as that for creating new works, or for resale, must be obtained from both the jo...