Frank Keane

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paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are(More)
ince the early 1980s, the financial derivatives markets have increasingly been used by market participants to unbundle and trade their exposures to foreign exchange rate risk, interest rate risk, and other types of price risk. 1 The markets have given firms that wish to shed unwanted price risk the ability to hedge their exposures at low cost while offering(More)
there were fewer cases than expected (male, 19 cases v 31 2 expected; female, 71 cases v 85 0 expected). Within the parishes that formed the Copeland area around Sellafield nine cases were registered compared with 18 4 expected. Comment The decrease in radioactivity with distance from Sellafield is probably due to several factors, including the pattern of(More)
fi ndings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily refl ective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the(More)
  • Warren B. Hrunga, Jason S. Seligmanb, +8 authors Walter Bagehot
  • 2010
The United States introduced several programs in response to the financial crisis. We examine responses involving Treasury debt—the Term Securities Lending Facility (TSLF), Supplementary Financing Program (SFP), Treasury issuance, open-market operations—and associated impacts on collater-alized funding markets. We find the TSLF uniquely effective, due(More)
Because of the concentrated distribution of interest rates on outstanding mortgages, modest interest rate declines in 1997 and 1998 made refinancing a smart choice for a record number of homeowners. In addition, the strong economy and the age of mortgage loans likely contributed to the surge in refinancing activity. In 1998, interest rates on mortgages(More)
RATIONALE Poor adherence to inhaler use can be due to poor temporal and/or technique adherence. Up until now there has been no way of reliably tracking both these factors in everyday inhaler use. OBJECTIVES This paper introduces a device developed to create time stamped acoustic recordings of an individual's inhaler use, in which empirical evidence of(More)
Introduction The Federal Reserve recently initiated a new quarterly survey – the Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) – collecting qualitative information on credit terms and conditions in securities financing and over-the-counter (OTC) derivatives markets. The survey solicits the views of senior credit officers at major(More)
Controversy surrounds the capacity of extracorporeal shock wave lithotripsy to cause soft tissue injury. This study examines the influence of different dosages of shock waves on the gall bladder in both humans and an animal model. Sixty one guinea pigs were divided into groups and subjected to different numbers of shock waves (6,000, 24,000, and 48,000) at(More)
Toxicity associated with high-dose recombinant interleukin 2 (rIL-2) therapy simulates a sepsis syndrome, but the mechanism remains unclear. We hypothesised that translocated gut-origin bacteria may be important. Fifty-one male rats were randomised to receive rIL-2 by intraperitoneal injection at doses (IU) of 10(5) (n = 15), 10(4) (n = 8), 10(3) (n = 8) or(More)