J. S. Brugler

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Larger bonds offer greater liquidity, which may reduce their yields. However, they may be difficult to place. We consider the trade-off of liquidity and price pressure. We find that megabonds have high liquidity, as measured by trading volume and frequency, but their yields are not lower. Indeed, these bonds seem to suffer from price pressure. They have(More)
This paper describes a project to develop a calculator for blind people. Based on the results of a survey of needs and an evaluation of various types of displays for the blind, spoken word output was chosen as the ideal display. The final product, hand-held and battery powered, incorporates a custom LSI microcontroller and a single 16K Read Only Memory to(More)
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