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Author:Caskey, John P. 

Journal Article
The evolution of the Philadelphia Stock Exchange

In "The Evolution of the Philadelphia Stock Exchange," one of our visiting scholars, Swarthmore College professor John Caskey, explains some of the factors that account for the PHLX's long life. Although Caskey focuses on the evolution of the PHLX, he also profiles some of the seismic shifts in U.S. securities markets in recent decades and illuminates the role of the largely overlooked regional stock exchanges.
Business Review , Issue Q2 , Pages 18-29

Working Paper
The evolution of the Philadelphia Stock Exchange: 1964-2002

This paper analyzes the evolution of the Philadelphia Stock Exchange (PHLX), America's oldest stock exchange, from 1964 through 2002. The paper seeks to explain how the PHLX managed to attract a sufficient volume of trading orders to support its members and cover its operating costs during this period, and how it adapted to survive in an era with profound changes in the structure of securities markets.
Working Papers , Paper 03-21

Working Paper
Price flexibility and macroeconomic stability: an empirical simulation analysis

Research Working Paper , Paper 89-02

Working Paper
Payday lending: new research and the big question

Payday lending is controversial. In the states that allow it, payday lenders make cash loans that are typically for $500 or less that the borrower must repay or renew on his or her next payday. The finance charge for the loan is usually 15 to 20 percent of the amount advanced, so for a typical two-week loan the annual percentage interest rate is about 400 percent. In this article, the author briefly describes the payday lending business and explains why it presents challenging public policy issues. The heart of this article, however, surveys recent research that attempts to answer what the ...
Working Papers , Paper 10-32

Conference Paper
Reaching out to the unbanked

Proceedings , Paper 786

Working Paper
Pawnbroking in America: the economics of forgotten credit market

Research Working Paper , Paper 89-17

Journal Article
Pawnshops: the consumer's lender of last resort

Economic Review , Volume 75 , Issue Mar , Pages 5-18

Working Paper
The IMF and concerted lending in Latin American debt restructurings: a formal analysis

Research Working Paper , Paper 88-03

Working Paper
Who has a bank account and who doesn't: 1977 and 1989

Research Working Paper , Paper 93-10

Journal Article
Check-cashing outlets in the U.S. financial system

Economic Review , Volume 76 , Issue Nov , Pages 53-67

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