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Deposit variability in banking has received substantial attention in recent empirical studies [1], [2], [3], [4], [5], and [7], Most of these efforts have been cross-section analyses of the determinants of variability. However, the impact of branching on deposit variability has not been tested in any of these studies. Wacht suggests that branching could reduce deposit variability substantially, especially if geographical dispersion could be achieved through relaxing interstate restrictions on branching [6]. In this paper, Wacht's suggestions will be subject to empirical testing for one thrift institution located in a major eastern metropolitan area. In Section I, the test methodology is presented. Data sources and empirical results are discussed in Section II, while the study is summarized and the implications for future research are discussed in Section III.
Little has been known of the role of Nuremberg in the international economy of the Middle Ages. In this pathbreaking study, Dr. von Stromer details the acquisition of the city's extensive trade privileges and economic influence and reveals that it came as the result of a conscious economic policy, planned and executed by the leading families of the city.
In the manner of the Creole tradesmen of Louisiana, whose lagniappe to their patrons is legendary, the Editor offers a similar bonus to readers of the Review. Instead of trifling presents added to a purchase, however, our lagniappe will be notes and documents illustrative of the evolution of business enterprise.
After initial widespread use of private cars under the “common road” concept of early railways, railroad-owned freight cars predominated from the 1840's through the 1860's, except for a short-lived boom in cars owned by “fast freight” lines. From this time on, however, the percentage of private cars has increased as railroads refused to build specialized freight cars because of high initial costs, rapid technological obsolescence, outside pressure, and managerial shortsightedness.