This study examines the impact of the Federal Deposit Insurance Corporation Improvement Act of 1991 on bank failures in the United States. After summarizing a number of the most important provisions in this legislation and presenting certain relevant data, the study provides an exploratory...

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This study empirically investigates a hypothesis that the degree of aggregate federal personal income tax evasion may be influenced by the interest rate yield on high-grade municipal bonds. After allowing for the impacts of a variety of factors that typically have been inferred to influence...

This empirical note provides updated empirical evidence regarding whether a higher inflation rate of real prices on crude oil and whether real oil price shocks led to higher domestic inflation in the U.S. over the 1965-2012 period. Using autoregressive two stage least squares estimation, the...