Journal Article
New methods for savings and loans to hedge interest rate risk
Merfeld, Thomas J.; Morris, Charles S. (1988-03)
Increased interest rate volatility in recent years has led to a greater volatility in profits at savings and loan associations. To help stabilize their profits, some S&L's are implementing interest rate hedging programs. These programs use financial instruments such as interest rate swaps, financial futures and options on financial futures. Because hedging programs introduce their own risks, S&L's should thoroughly examine all aspects of the programs before employing them.
Economic Review , Volume 73 , Issue Mar , Pages 3-15

Journal Article
Debt, financial stability, and public policy
Merfeld, Thomas J.; Higgins, Bryon (1987-01)
Economic Review , Volume 72 , Issue Jan , Pages 3-13