id	sid	tid	token	lemma	pos
fsr-3808	1	1	pii	pii	PROPN
fsr-3808	1	2	:	:	PUNCT
fsr-3808	1	3	s1057	s1057	NOUN
fsr-3808	1	4	-	-	PUNCT
fsr-3808	1	5	0810(97)90032	0810(97)90032	NOUN
fsr-3808	1	6	-	-	PUNCT
fsr-3808	1	7	9	9	NUM
fsr-3808	1	8	financial	financial	ADJ
fsr-3808	1	9	servic~	servic~	NOUN
fsr-3808	1	10	review	review	NOUN
fsr-3808	1	11	,	,	PUNCT
fsr-3808	1	12	6(i	6(i	NUM
fsr-3808	1	13	):	):	PUNCT
fsr-3808	1	14	53	53	NUM
fsr-3808	1	15	-	-	PUNCT
fsr-3808	1	16	-67	-67	X
fsr-3808	1	17	issn:1057	issn:1057	NOUN
fsr-3808	1	18	-	-	PUNCT
fsr-3808	1	19	0810	0810	NUM
fsr-3808	1	20	i	i	PRON
fsr-3808	1	21	copyright	copyright	NOUN
fsr-3808	1	22	©	©	ADP
fsr-3808	1	23	1997	1997	NUM
fsr-3808	1	24	by	by	ADP
fsr-3808	1	25	jai	jai	PROPN
fsr-3808	1	26	press	press	PROPN
fsr-3808	1	27	inc	inc	PROPN
fsr-3808	1	28	.	.	PUNCT
fsr-3808	2	1	[	[	PUNCT
fsr-3808	2	2	all	all	DET
fsr-3808	2	3	rights	right	NOUN
fsr-3808	2	4	of	of	ADP
fsr-3808	2	5	reproduction	reproduction	NOUN
fsr-3808	2	6	in	in	ADP
fsr-3808	2	7	any	any	DET
fsr-3808	2	8	form	form	NOUN
fsr-3808	2	9	reserved	reserve	VERB
fsr-3808	2	10	.	.	PUNCT
fsr-3808	3	1	i	i	PRON
fsr-3808	3	2	adverse	adverse	ADJ
fsr-3808	3	3	selection	selection	NOUN
fsr-3808	3	4	,	,	PUNCT
fsr-3808	3	5	search	search	NOUN
fsr-3808	3	6	costs	cost	NOUN
fsr-3808	3	7	and	and	CCONJ
fsr-3808	3	8	sticky	sticky	ADJ
fsr-3808	3	9	credit	credit	NOUN
fsr-3808	3	10	card	card	NOUN
fsr-3808	3	11	rates	rate	NOUN
fsr-3808	3	12	o.	o.	PROPN
fsr-3808	3	13	felix	felix	PROPN
fsr-3808	3	14	ayadi	ayadi	VERB
fsr-3808	3	15	several	several	ADJ
fsr-3808	3	16	scholars	scholar	NOUN
fsr-3808	3	17	of	of	ADP
fsr-3808	3	18	financial	financial	ADJ
fsr-3808	3	19	economics	economic	NOUN
fsr-3808	3	20	observed	observe	VERB
fsr-3808	3	21	that	that	SCONJ
fsr-3808	3	22	during	during	ADP
fsr-3808	3	23	the	the	DET
fsr-3808	3	24	1980s	1980	NOUN
fsr-3808	3	25	,	,	PUNCT
fsr-3808	3	26	market	market	NOUN
fsr-3808	3	27	interest	interest	NOUN
fsr-3808	3	28	rates	rate	NOUN
fsr-3808	3	29	declined	decline	VERB
fsr-3808	3	30	continuously	continuously	ADV
fsr-3808	3	31	with	with	ADP
fsr-3808	3	32	little	little	ADJ
fsr-3808	3	33	or	or	CCONJ
fsr-3808	3	34	no	no	PRON
fsr-3808	3	35	impact	impact	NOUN
fsr-3808	3	36	on	on	ADP
fsr-3808	3	37	credit	credit	NOUN
fsr-3808	3	38	card	card	NOUN
fsr-3808	3	39	rates	rate	NOUN
fsr-3808	3	40	.	.	PUNCT
fsr-3808	4	1	recently	recently	ADV
fsr-3808	4	2	,	,	PUNCT
fsr-3808	4	3	mey	mey	PROPN
fsr-3808	4	4	ercord	ercord	PROPN
fsr-3808	4	5	(	(	PUNCT
fsr-3808	4	6	1994	1994	NUM
fsr-3808	4	7	)	)	PUNCT
fsr-3808	4	8	,	,	PUNCT
fsr-3808	4	9	sinkey	sinkey	NOUN
fsr-3808	4	10	and	and	CCONJ
fsr-3808	4	11	nash	nash	PROPN
fsr-3808	4	12	(	(	PUNCT
fsr-3808	4	13	1993	1993	NUM
fsr-3808	4	14	)	)	PUNCT
fsr-3808	4	15	,	,	PUNCT
fsr-3808	4	16	and	and	CCONJ
fsr-3808	4	17	sullivan	sullivan	NOUN
fsr-3808	4	18	and	and	CCONJ
fsr-3808	4	19	worden	worden	PROPN
fsr-3808	4	20	(	(	PUNCT
fsr-3808	4	21	1995	1995	NUM
fsr-3808	4	22	)	)	PUNCT
fsr-3808	4	23	recorded	record	VERB
fsr-3808	4	24	sigmficant	sigmficant	ADJ
fsr-3808	4	25	changes	change	NOUN
fsr-3808	4	26	in	in	ADP
fsr-3808	4	27	the	the	DET
fsr-3808	4	28	credit	credit	NOUN
fsr-3808	4	29	card	card	NOUN
fsr-3808	4	30	market	market	NOUN
fsr-3808	4	31	intffcating	intffcate	VERB
fsr-3808	4	32	an	an	DET
fsr-3808	4	33	increased	increase	VERB
fsr-3808	4	34	level	level	NOUN
fsr-3808	4	35	of	of	ADP
fsr-3808	4	36	competi	competi	PROPN
fsr-3808	4	37	tion	tion	NOUN
fsr-3808	4	38	.	.	PUNCT
fsr-3808	5	1	this	this	DET
fsr-3808	5	2	study	study	NOUN
fsr-3808	5	3	represents	represent	VERB
fsr-3808	5	4	an	an	DET
fsr-3808	5	5	attempt	attempt	NOUN
fsr-3808	5	6	to	to	PART
fsr-3808	5	7	determine	determine	VERB
fsr-3808	5	8	the	the	DET
fsr-3808	5	9	sensitivity	sensitivity	NOUN
fsr-3808	5	10	of	of	ADP
fsr-3808	5	11	credit	credit	NOUN
fsr-3808	5	12	card	card	NOUN
fsr-3808	5	13	rates	rate	NOUN
fsr-3808	5	14	to	to	ADP
fsr-3808	5	15	the	the	DET
fsr-3808	5	16	costs	cost	NOUN
fsr-3808	5	17	of	of	ADP
fsr-3808	5	18	funds	fund	NOUN
fsr-3808	5	19	in	in	ADP
fsr-3808	5	20	the	the	DET
fsr-3808	5	21	u.$.	u.$.	ADJ
fsr-3808	5	22	economy	economy	NOUN
fsr-3808	5	23	.	.	PUNCT
fsr-3808	6	1	the	the	DET
fsr-3808	6	2	evidence	evidence	NOUN
fsr-3808	6	3	from	from	ADP
fsr-3808	6	4	the	the	DET
fsr-3808	6	5	johansen	johansen	PROPN
fsr-3808	6	6	cointegration	cointegration	PROPN
fsr-3808	6	7	test	test	NOUN
fsr-3808	6	8	confirms	confirm	VERB
fsr-3808	6	9	that	that	SCONJ
fsr-3808	6	10	credit	credit	NOUN
fsr-3808	6	11	card	card	NOUN
fsr-3808	6	12	rates	rate	NOUN
fsr-3808	6	13	and	and	CCONJ
fsr-3808	6	14	cost	cost	NOUN
fsr-3808	6	15	of	of	ADP
fsr-3808	6	16	funds	fund	NOUN
fsr-3808	6	17	possess	possess	VERB
fsr-3808	6	18	a	a	DET
fsr-3808	6	19	long	long	ADV
fsr-3808	6	20	-	-	PUNCT
fsr-3808	6	21	run	run	VERB
fsr-3808	6	22	equilibrium	equilibrium	NOUN
fsr-3808	6	23	relationship	relationship	NOUN
fsr-3808	6	24	with	with	ADP
fsr-3808	6	25	one	one	NUM
fsr-3808	6	26	another	another	DET
fsr-3808	6	27	.	.	PUNCT
fsr-3808	7	1	furthermore	furthermore	ADV
fsr-3808	7	2	,	,	PUNCT
fsr-3808	7	3	the	the	DET
fsr-3808	7	4	results	result	NOUN
fsr-3808	7	5	of	of	ADP
fsr-3808	7	6	the	the	DET
fsr-3808	7	7	error	error	NOUN
fsr-3808	7	8	correction	correction	NOUN
fsr-3808	7	9	models	model	NOUN
fsr-3808	7	10	are	be	AUX
fsr-3808	7	11	indicative	indicative	ADJ
fsr-3808	7	12	of	of	ADP
fsr-3808	7	13	a	a	DET
fsr-3808	7	14	sluggish	sluggish	ADJ
fsr-3808	7	15	rate	rate	NOUN
fsr-3808	7	16	at	at	ADP
fsr-3808	7	17	which	which	PRON
fsr-3808	7	18	credit	credit	NOUN
fsr-3808	7	19	card	card	NOUN
fsr-3808	7	20	interest	interest	NOUN
fsr-3808	7	21	rates	rate	NOUN
fsr-3808	7	22	adjust	adjust	VERB
fsr-3808	7	23	to	to	ADP
fsr-3808	7	24	the	the	DET
fsr-3808	7	25	costs	cost	NOUN
fsr-3808	7	26	of	of	ADP
fsr-3808	7	27	funds	fund	NOUN
fsr-3808	7	28	.	.	PUNCT
fsr-3808	8	1	between	between	ADP
fsr-3808	8	2	1982	1982	NUM
fsr-3808	8	3	and	and	CCONJ
fsr-3808	8	4	1994	1994	NUM
fsr-3808	8	5	,	,	PUNCT
fsr-3808	8	6	credit	credit	NOUN
fsr-3808	8	7	card	card	NOUN
fsr-3808	8	8	rates	rate	NOUN
fsr-3808	8	9	adjust	adjust	VERB
fsr-3808	8	10	to	to	ADP
fsr-3808	8	11	changes	change	NOUN
fsr-3808	8	12	in	in	ADP
fsr-3808	8	13	the	the	DET
fsr-3808	8	14	cost	cost	NOUN
fsr-3808	8	15	o	o	NOUN
fsr-3808	8	16	f	f	NOUN
fsr-3808	8	17	funds	fund	NOUN
fsr-3808	8	18	at	at	ADP
fsr-3808	8	19	about	about	ADV
fsr-3808	8	20	15	15	NUM
fsr-3808	8	21	percent	percent	NOUN
fsr-3808	8	22	per	per	ADP
fsr-3808	8	23	quarter	quarter	NOUN
fsr-3808	8	24	.	.	PUNCT
fsr-3808	9	1	these	these	DET
fsr-3808	9	2	results	result	NOUN
fsr-3808	9	3	represent	represent	VERB
fsr-3808	9	4	anecdotal	anecdotal	ADJ
fsr-3808	9	5	evidence	evidence	NOUN
fsr-3808	9	6	for	for	ADP
fsr-3808	9	7	the	the	DET
fsr-3808	9	8	validity	validity	NOUN
fsr-3808	9	9	of	of	ADP
fsr-3808	9	10	adverse	adverse	ADJ
fsr-3808	9	11	selection	selection	NOUN
fsr-3808	9	12	,	,	PUNCT
fsr-3808	9	13	search	search	NOUN
fsr-3808	9	14	and	and	CCONJ
fsr-3808	9	15	switch	switch	NOUN
fsr-3808	9	16	costs	cost	NOUN
fsr-3808	9	17	explanations	explanation	NOUN
fsr-3808	9	18	that	that	PRON
fsr-3808	9	19	have	have	AUX
fsr-3808	9	20	been	be	AUX
fsr-3808	9	21	dis	dis	PRON
fsr-3808	9	22	cussed	cuss	VERB
fsr-3808	9	23	in	in	ADP
fsr-3808	9	24	the	the	DET
fsr-3808	9	25	financial	financial	ADJ
fsr-3808	9	26	contracting	contracting	NOUN
fsr-3808	9	27	literature	literature	NOUN
fsr-3808	9	28	.	.	PUNCT
fsr-3808	10	1	i.	i.	PROPN
fsr-3808	10	2	introduction	introduction	NOUN
fsr-3808	10	3	credit	credit	NOUN
fsr-3808	10	4	is	be	AUX
fsr-3808	10	5	the	the	DET
fsr-3808	10	6	present	present	ADJ
fsr-3808	10	7	use	use	NOUN
fsr-3808	10	8	of	of	ADP
fsr-3808	10	9	future	future	ADJ
fsr-3808	10	10	income	income	NOUN
fsr-3808	10	11	.	.	PUNCT
fsr-3808	11	1	credit	credit	NOUN
fsr-3808	11	2	cards	card	NOUN
fsr-3808	11	3	are	be	AUX
fsr-3808	11	4	probably	probably	ADV
fsr-3808	11	5	the	the	DET
fsr-3808	11	6	most	most	ADV
fsr-3808	11	7	convenient	convenient	ADJ
fsr-3808	11	8	form	form	NOUN
fsr-3808	11	9	of	of	ADP
fsr-3808	11	10	credit	credit	NOUN
fsr-3808	11	11	of	of	ADP
fsr-3808	11	12	all	all	DET
fsr-3808	11	13	competing	compete	VERB
fsr-3808	11	14	financial	financial	ADJ
fsr-3808	11	15	assets	asset	NOUN
fsr-3808	11	16	.	.	PUNCT
fsr-3808	12	1	they	they	PRON
fsr-3808	12	2	are	be	AUX
fsr-3808	12	3	both	both	PRON
fsr-3808	12	4	payment	payment	NOUN
fsr-3808	12	5	and	and	CCONJ
fsr-3808	12	6	credit	credit	NOUN
fsr-3808	12	7	devices	device	NOUN
fsr-3808	12	8	.	.	PUNCT
fsr-3808	13	1	some	some	DET
fsr-3808	13	2	holders	holder	NOUN
fsr-3808	13	3	of	of	ADP
fsr-3808	13	4	credit	credit	NOUN
fsr-3808	13	5	cards	card	NOUN
fsr-3808	13	6	use	use	VERB
fsr-3808	13	7	them	they	PRON
fsr-3808	13	8	in	in	ADP
fsr-3808	13	9	lieu	lieu	NOUN
fsr-3808	13	10	of	of	ADP
fsr-3808	13	11	cash	cash	NOUN
fsr-3808	13	12	for	for	ADP
fsr-3808	13	13	a	a	DET
fsr-3808	13	14	variety	variety	NOUN
fsr-3808	13	15	of	of	ADP
fsr-3808	13	16	transactions	transaction	NOUN
fsr-3808	13	17	while	while	SCONJ
fsr-3808	13	18	many	many	ADJ
fsr-3808	13	19	holders	holder	NOUN
fsr-3808	13	20	use	use	VERB
fsr-3808	13	21	them	they	PRON
fsr-3808	13	22	to	to	PART
fsr-3808	13	23	gain	gain	VERB
fsr-3808	13	24	access	access	NOUN
fsr-3808	13	25	to	to	ADP
fsr-3808	13	26	a	a	DET
fsr-3808	13	27	revolving	revolve	VERB
fsr-3808	13	28	line	line	NOUN
fsr-3808	13	29	of	of	ADP
fsr-3808	13	30	preset	preset	ADJ
fsr-3808	13	31	credit	credit	NOUN
fsr-3808	13	32	(	(	PUNCT
fsr-3808	13	33	pozdena	pozdena	NOUN
fsr-3808	13	34	,	,	PUNCT
fsr-3808	13	35	1991	1991	NUM
fsr-3808	13	36	)	)	PUNCT
fsr-3808	13	37	.	.	PUNCT
fsr-3808	14	1	it	it	PRON
fsr-3808	14	2	is	be	AUX
fsr-3808	14	3	no	no	DET
fsr-3808	14	4	surprise	surprise	NOUN
fsr-3808	14	5	that	that	SCONJ
fsr-3808	14	6	a	a	DET
fsr-3808	14	7	myriad	myriad	NOUN
fsr-3808	14	8	of	of	ADP
fsr-3808	14	9	consumers	consumer	NOUN
fsr-3808	14	10	applaud	applaud	VERB
fsr-3808	14	11	the	the	DET
fsr-3808	14	12	use	use	NOUN
fsr-3808	14	13	of	of	ADP
fsr-3808	14	14	credit	credit	NOUN
fsr-3808	14	15	cards	card	NOUN
fsr-3808	14	16	primarily	primarily	ADV
fsr-3808	14	17	for	for	ADP
fsr-3808	14	18	its	its	PRON
fsr-3808	14	19	credit	credit	NOUN
fsr-3808	14	20	feature	feature	NOUN
fsr-3808	14	21	rather	rather	ADV
fsr-3808	14	22	than	than	ADP
fsr-3808	14	23	its	its	PRON
fsr-3808	14	24	convenience	convenience	NOUN
fsr-3808	14	25	(	(	PUNCT
fsr-3808	14	26	mandeu	mandeu	NOUN
fsr-3808	14	27	,	,	PUNCT
fsr-3808	14	28	1990	1990	NUM
fsr-3808	14	29	)	)	PUNCT
fsr-3808	14	30	.	.	PUNCT
fsr-3808	15	1	thus	thus	ADV
fsr-3808	15	2	,	,	PUNCT
fsr-3808	15	3	the	the	DET
fsr-3808	15	4	use	use	NOUN
fsr-3808	15	5	of	of	ADP
fsr-3808	15	6	credit	credit	NOUN
fsr-3808	15	7	cards	card	NOUN
fsr-3808	15	8	has	have	AUX
fsr-3808	15	9	become	become	VERB
fsr-3808	15	10	more	more	ADV
fsr-3808	15	11	widespread	widespread	ADJ
fsr-3808	15	12	in	in	ADP
fsr-3808	15	13	the	the	DET
fsr-3808	15	14	past	past	ADJ
fsr-3808	15	15	decade	decade	NOUN
fsr-3808	15	16	because	because	SCONJ
fsr-3808	15	17	they	they	PRON
fsr-3808	15	18	are	be	AUX
fsr-3808	15	19	easy	easy	ADJ
fsr-3808	15	20	to	to	PART
fsr-3808	15	21	obtain	obtain	VERB
fsr-3808	15	22	,	,	PUNCT
fsr-3808	15	23	convenient	convenient	ADJ
fsr-3808	15	24	to	to	PART
fsr-3808	15	25	use	use	VERB
fsr-3808	15	26	,	,	PUNCT
fsr-3808	15	27	safer	safe	ADJ
fsr-3808	15	28	than	than	ADP
fsr-3808	15	29	cash	cash	NOUN
fsr-3808	15	30	and	and	CCONJ
fsr-3808	15	31	above	above	ADP
fsr-3808	15	32	all	all	PRON
fsr-3808	15	33	,	,	PUNCT
fsr-3808	15	34	they	they	PRON
fsr-3808	15	35	serve	serve	VERB
fsr-3808	15	36	as	as	ADP
fsr-3808	15	37	a	a	DET
fsr-3808	15	38	source	source	NOUN
fsr-3808	15	39	of	of	ADP
fsr-3808	15	40	credit	credit	NOUN
fsr-3808	15	41	.	.	PUNCT
fsr-3808	16	1	the	the	DET
fsr-3808	16	2	pricing	pricing	NOUN
fsr-3808	16	3	of	of	ADP
fsr-3808	16	4	bank	bank	NOUN
fsr-3808	16	5	credit	credit	NOUN
fsr-3808	16	6	cards	card	NOUN
fsr-3808	16	7	in	in	ADP
fsr-3808	16	8	the	the	DET
fsr-3808	16	9	united	united	PROPN
fsr-3808	16	10	states	states	PROPN
fsr-3808	16	11	was	be	AUX
fsr-3808	16	12	not	not	PART
fsr-3808	16	13	a	a	DET
fsr-3808	16	14	concern	concern	NOUN
fsr-3808	16	15	until	until	ADP
fsr-3808	16	16	after	after	ADP
fsr-3808	16	17	1979	1979	NUM
fsr-3808	16	18	when	when	SCONJ
fsr-3808	16	19	interest	interest	NOUN
fsr-3808	16	20	rates	rate	NOUN
fsr-3808	16	21	became	become	VERB
fsr-3808	16	22	more	more	ADV
fsr-3808	16	23	volatile	volatile	ADJ
fsr-3808	16	24	(	(	PUNCT
fsr-3808	16	25	shay	shay	PROPN
fsr-3808	16	26	,	,	PUNCT
fsr-3808	16	27	1987	1987	NUM
fsr-3808	16	28	)	)	PUNCT
fsr-3808	16	29	.	.	PUNCT
fsr-3808	17	1	prior	prior	ADV
fsr-3808	17	2	to	to	ADP
fsr-3808	17	3	this	this	DET
fsr-3808	17	4	time	time	NOUN
fsr-3808	17	5	,	,	PUNCT
fsr-3808	17	6	interest	interest	NOUN
fsr-3808	17	7	rates	rate	NOUN
fsr-3808	17	8	were	be	AUX
fsr-3808	17	9	relatively	relatively	ADV
fsr-3808	17	10	stable	stable	ADJ
fsr-3808	17	11	through	through	ADP
fsr-3808	17	12	usury	usury	NOUN
fsr-3808	17	13	regulations	regulation	NOUN
fsr-3808	17	14	.	.	PUNCT
fsr-3808	18	1	berlin	berlin	PROPN
fsr-3808	18	2	and	and	CCONJ
fsr-3808	18	3	mester	mester	PROPN
fsr-3808	18	4	(	(	PUNCT
fsr-3808	18	5	1989	1989	NUM
fsr-3808	18	6	)	)	PUNCT
fsr-3808	18	7	,	,	PUNCT
fsr-3808	18	8	rose	rise	VERB
fsr-3808	18	9	(	(	PUNCT
fsr-3808	18	10	1990	1990	NUM
fsr-3808	18	11	)	)	PUNCT
fsr-3808	18	12	,	,	PUNCT
fsr-3808	18	13	ausubel	ausubel	PROPN
fsr-3808	18	14	(	(	PUNCT
fsr-3808	18	15	1991	1991	NUM
fsr-3808	18	16	)	)	PUNCT
fsr-3808	18	17	,	,	PUNCT
fsr-3808	18	18	mester	mester	NOUN
fsr-3808	18	19	(	(	PUNCT
fsr-3808	18	20	1993	1993	NUM
fsr-3808	18	21	)	)	PUNCT
fsr-3808	18	22	and	and	CCONJ
fsr-3808	18	23	calem	calem	NOUN
fsr-3808	18	24	(	(	PUNCT
fsr-3808	18	25	1992	1992	NUM
fsr-3808	18	26	)	)	PUNCT
fsr-3808	18	27	observed	observe	VERB
fsr-3808	18	28	that	that	SCONJ
fsr-3808	18	29	during	during	ADP
fsr-3808	18	30	the	the	DET
fsr-3808	18	31	1980s	1980	NOUN
fsr-3808	18	32	,	,	PUNCT
fsr-3808	18	33	market	market	NOUN
fsr-3808	18	34	o.	o.	PROPN
fsr-3808	18	35	felix	felix	PROPN
fsr-3808	18	36	ayadi	ayadi	PROPN
fsr-3808	18	37	*	*	PUNCT
fsr-3808	18	38	associate	associate	NOUN
fsr-3808	18	39	professor	professor	NOUN
fsr-3808	18	40	of	of	ADP
fsr-3808	18	41	finance	finance	NOUN
fsr-3808	18	42	,	,	PUNCT
fsr-3808	18	43	school	school	NOUN
fsr-3808	18	44	of	of	ADP
fsr-3808	18	45	business	business	NOUN
fsr-3808	18	46	and	and	CCONJ
fsr-3808	18	47	economics	economic	NOUN
fsr-3808	18	48	,	,	PUNCT
fsr-3808	18	49	fayetteville	fayetteville	PROPN
fsr-3808	18	50	state	state	PROPN
fsr-3808	18	51	university	university	PROPN
fsr-3808	18	52	,	,	PUNCT
fsr-3808	18	53	fayetteville	fayetteville	PROPN
fsr-3808	18	54	,	,	PUNCT
fsr-3808	18	55	nc	nc	PROPN
fsr-3808	18	56	28301	28301	NUM
fsr-3808	18	57	;	;	PUNCT
fsr-3808	19	1	e	e	X
fsr-3808	19	2	-	-	NOUN
fsr-3808	19	3	mail	mail	NOUN
fsr-3808	19	4	:	:	PUNCT
fsr-3808	19	5	fayadi@sbe	fayadi@sbe	PROPN
fsr-3808	19	6	1.uncfsu.edu	1.uncfsu.edu	NUM
fsr-3808	19	7	.	.	X
fsr-3808	19	8	54	54	NUM
fsr-3808	19	9	financial	financial	ADJ
fsr-3808	19	10	services	service	NOUN
fsr-3808	19	11	review	review	VERB
fsr-3808	19	12	6(1	6(1	NUM
fsr-3808	19	13	)	)	PUNCT
fsr-3808	19	14	1997	1997	NUM
fsr-3808	19	15	interest	interest	NOUN
fsr-3808	19	16	rates	rate	NOUN
fsr-3808	19	17	declined	decline	VERB
fsr-3808	19	18	continuously	continuously	ADV
fsr-3808	19	19	with	with	ADP
fsr-3808	19	20	little	little	ADJ
fsr-3808	19	21	or	or	CCONJ
fsr-3808	19	22	no	no	PRON
fsr-3808	19	23	impact	impact	NOUN
fsr-3808	19	24	on	on	ADP
fsr-3808	19	25	credit	credit	NOUN
fsr-3808	19	26	card	card	NOUN
fsr-3808	19	27	rates	rate	NOUN
fsr-3808	19	28	.	.	PUNCT
fsr-3808	20	1	the	the	DET
fsr-3808	20	2	nonre	nonre	NOUN
fsr-3808	20	3	sponsiveness	sponsiveness	NOUN
fsr-3808	20	4	of	of	ADP
fsr-3808	20	5	credit	credit	NOUN
fsr-3808	20	6	card	card	NOUN
fsr-3808	20	7	rates	rate	NOUN
fsr-3808	20	8	to	to	ADP
fsr-3808	20	9	market	market	NOUN
fsr-3808	20	10	rates	rate	NOUN
fsr-3808	20	11	led	lead	VERB
fsr-3808	20	12	to	to	ADP
fsr-3808	20	13	several	several	ADJ
fsr-3808	20	14	proposals	proposal	NOUN
fsr-3808	20	15	for	for	ADP
fsr-3808	20	16	reinstatement	reinstatement	NOUN
fsr-3808	20	17	of	of	ADP
fsr-3808	20	18	usury	usury	NOUN
fsr-3808	20	19	ceilings	ceiling	NOUN
fsr-3808	20	20	.	.	PUNCT
fsr-3808	21	1	this	this	PRON
fsr-3808	21	2	did	do	AUX
fsr-3808	21	3	not	not	PART
fsr-3808	21	4	materialize	materialize	VERB
fsr-3808	21	5	.	.	PUNCT
fsr-3808	22	1	however	however	ADV
fsr-3808	22	2	,	,	PUNCT
fsr-3808	22	3	in	in	ADP
fsr-3808	22	4	late	late	ADJ
fsr-3808	22	5	1988	1988	NUM
fsr-3808	22	6	,	,	PUNCT
fsr-3808	22	7	congress	congress	PROPN
fsr-3808	22	8	passed	pass	VERB
fsr-3808	22	9	the	the	DET
fsr-3808	22	10	fair	fair	ADJ
fsr-3808	22	11	credit	credit	NOUN
fsr-3808	22	12	and	and	CCONJ
fsr-3808	22	13	charge	charge	NOUN
fsr-3808	22	14	card	card	NOUN
fsr-3808	22	15	disclosure	disclosure	NOUN
fsr-3808	22	16	act	act	NOUN
fsr-3808	22	17	requiting	requite	VERB
fsr-3808	22	18	banks	bank	NOUN
fsr-3808	22	19	and	and	CCONJ
fsr-3808	22	20	card	card	VERB
fsr-3808	22	21	issuers	issuer	NOUN
fsr-3808	22	22	to	to	PART
fsr-3808	22	23	provide	provide	VERB
fsr-3808	22	24	more	more	ADJ
fsr-3808	22	25	information	information	NOUN
fsr-3808	22	26	to	to	ADP
fsr-3808	22	27	consumers	consumer	NOUN
fsr-3808	22	28	.	.	PUNCT
fsr-3808	23	1	the	the	DET
fsr-3808	23	2	intent	intent	NOUN
fsr-3808	23	3	of	of	ADP
fsr-3808	23	4	this	this	DET
fsr-3808	23	5	legislation	legislation	NOUN
fsr-3808	23	6	was	be	AUX
fsr-3808	23	7	to	to	PART
fsr-3808	23	8	reduce	reduce	VERB
fsr-3808	23	9	search	search	NOUN
fsr-3808	23	10	and	and	CCONJ
fsr-3808	23	11	switch	switch	NOUN
fsr-3808	23	12	costs	cost	NOUN
fsr-3808	23	13	associated	associate	VERB
fsr-3808	23	14	with	with	ADP
fsr-3808	23	15	holding	hold	VERB
fsr-3808	23	16	credit	credit	NOUN
fsr-3808	23	17	cards	card	NOUN
fsr-3808	23	18	(	(	PUNCT
fsr-3808	23	19	sullivan	sullivan	PROPN
fsr-3808	23	20	&	&	CCONJ
fsr-3808	23	21	worden	worden	PROPN
fsr-3808	23	22	,	,	PUNCT
fsr-3808	23	23	1995	1995	NUM
fsr-3808	23	24	)	)	PUNCT
fsr-3808	23	25	.	.	PUNCT
fsr-3808	24	1	recently	recently	ADV
fsr-3808	24	2	,	,	PUNCT
fsr-3808	24	3	meyercord	meyercord	PROPN
fsr-3808	24	4	(	(	PUNCT
fsr-3808	24	5	1994	1994	NUM
fsr-3808	24	6	)	)	PUNCT
fsr-3808	24	7	,	,	PUNCT
fsr-3808	24	8	canner	canner	NOUN
fsr-3808	24	9	and	and	CCONJ
fsr-3808	24	10	luckett	luckett	PROPN
fsr-3808	24	11	(	(	PUNCT
fsr-3808	24	12	1992	1992	NUM
fsr-3808	24	13	)	)	PUNCT
fsr-3808	24	14	,	,	PUNCT
fsr-3808	24	15	carries	carry	VERB
fsr-3808	24	16	and	and	CCONJ
fsr-3808	24	17	slifer	slifer	VERB
fsr-3808	24	18	(	(	PUNCT
fsr-3808	24	19	1991	1991	NUM
fsr-3808	24	20	)	)	PUNCT
fsr-3808	24	21	,	,	PUNCT
fsr-3808	24	22	federal	federal	PROPN
fsr-3808	24	23	reserve	reserve	PROPN
fsr-3808	24	24	board	board	PROPN
fsr-3808	24	25	(	(	PUNCT
fsr-3808	24	26	1994	1994	NUM
fsr-3808	24	27	)	)	PUNCT
fsr-3808	24	28	,	,	PUNCT
fsr-3808	24	29	sinkey	sinkey	NOUN
fsr-3808	24	30	and	and	CCONJ
fsr-3808	24	31	nash	nash	PROPN
fsr-3808	24	32	(	(	PUNCT
fsr-3808	24	33	1993	1993	NUM
fsr-3808	24	34	)	)	PUNCT
fsr-3808	24	35	and	and	CCONJ
fsr-3808	24	36	sullivan	sullivan	NOUN
fsr-3808	24	37	and	and	CCONJ
fsr-3808	24	38	worden	worden	PROPN
fsr-3808	24	39	(	(	PUNCT
fsr-3808	24	40	1995	1995	NUM
fsr-3808	24	41	)	)	PUNCT
fsr-3808	24	42	recorded	record	VERB
fsr-3808	24	43	several	several	ADJ
fsr-3808	24	44	dramatic	dramatic	ADJ
fsr-3808	24	45	changes	change	NOUN
fsr-3808	24	46	in	in	ADP
fsr-3808	24	47	the	the	DET
fsr-3808	24	48	credit	credit	NOUN
fsr-3808	24	49	card	card	NOUN
fsr-3808	24	50	market	market	NOUN
fsr-3808	24	51	leading	lead	VERB
fsr-3808	24	52	to	to	ADP
fsr-3808	24	53	increased	increase	VERB
fsr-3808	24	54	competi	competi	PROPN
fsr-3808	24	55	tion	tion	NOUN
fsr-3808	24	56	.	.	PUNCT
fsr-3808	25	1	meyercord	meyercord	PROPN
fsr-3808	25	2	observes	observe	VERB
fsr-3808	25	3	the	the	DET
fsr-3808	25	4	entrance	entrance	NOUN
fsr-3808	25	5	of	of	ADP
fsr-3808	25	6	nonbank	nonbank	NOUN
fsr-3808	25	7	credit	credit	NOUN
fsr-3808	25	8	card	card	NOUN
fsr-3808	25	9	_	_	PUNCT
fsr-3808	25	10	issuers	issuer	NOUN
fsr-3808	25	11	into	into	ADP
fsr-3808	25	12	the	the	DET
fsr-3808	25	13	industry	industry	NOUN
fsr-3808	25	14	and	and	CCONJ
fsr-3808	25	15	that	that	PRON
fsr-3808	25	16	card	card	NOUN
fsr-3808	25	17	issuers	issuer	NOUN
fsr-3808	25	18	have	have	AUX
fsr-3808	25	19	become	become	VERB
fsr-3808	25	20	increasingly	increasingly	ADV
fsr-3808	25	21	sophisticated	sophisticated	ADJ
fsr-3808	25	22	in	in	ADP
fsr-3808	25	23	targeting	target	VERB
fsr-3808	25	24	their	their	PRON
fsr-3808	25	25	clientele	clientele	NOUN
fsr-3808	25	26	.	.	PUNCT
fsr-3808	26	1	thus	thus	ADV
fsr-3808	26	2	,	,	PUNCT
fsr-3808	26	3	card	card	NOUN
fsr-3808	26	4	issuers	issuer	NOUN
fsr-3808	26	5	are	be	AUX
fsr-3808	26	6	now	now	ADV
fsr-3808	26	7	more	more	ADV
fsr-3808	26	8	aggressive	aggressive	ADJ
fsr-3808	26	9	than	than	ADP
fsr-3808	26	10	ever	ever	ADV
fsr-3808	26	11	before	before	ADV
fsr-3808	26	12	in	in	ADP
fsr-3808	26	13	attracting	attract	VERB
fsr-3808	26	14	potential	potential	ADJ
fsr-3808	26	15	cardholders	cardholder	NOUN
fsr-3808	26	16	.	.	PUNCT
fsr-3808	27	1	all	all	PRON
fsr-3808	27	2	of	of	ADP
fsr-3808	27	3	these	these	PRON
fsr-3808	27	4	together	together	ADV
fsr-3808	27	5	are	be	AUX
fsr-3808	27	6	indicative	indicative	ADJ
fsr-3808	27	7	of	of	ADP
fsr-3808	27	8	a	a	DET
fsr-3808	27	9	more	more	ADV
fsr-3808	27	10	conducive	conducive	ADJ
fsr-3808	27	11	environment	environment	NOUN
fsr-3808	27	12	for	for	ADP
fsr-3808	27	13	credit	credit	NOUN
fsr-3808	27	14	card	card	NOUN
fsr-3808	27	15	rates	rate	NOUN
fsr-3808	27	16	to	to	PART
fsr-3808	27	17	reflect	reflect	VERB
fsr-3808	27	18	market	market	NOUN
fsr-3808	27	19	rates	rate	NOUN
fsr-3808	27	20	of	of	ADP
fsr-3808	27	21	interest	interest	NOUN
fsr-3808	27	22	.	.	PUNCT
fsr-3808	28	1	this	this	DET
fsr-3808	28	2	paper	paper	NOUN
fsr-3808	28	3	examines	examine	VERB
fsr-3808	28	4	the	the	DET
fsr-3808	28	5	problem	problem	NOUN
fsr-3808	28	6	of	of	ADP
fsr-3808	28	7	sticky	sticky	ADJ
fsr-3808	28	8	credit	credit	NOUN
fsr-3808	28	9	card	card	NOUN
fsr-3808	28	10	rates	rate	NOUN
fsr-3808	28	11	and	and	CCONJ
fsr-3808	28	12	the	the	DET
fsr-3808	28	13	associated	associated	ADJ
fsr-3808	28	14	search/	search/	NUM
fsr-3808	28	15	switch	switch	NOUN
fsr-3808	28	16	costs	cost	NOUN
fsr-3808	28	17	and	and	CCONJ
fsr-3808	28	18	adverse	adverse	ADJ
fsr-3808	28	19	selection	selection	NOUN
fsr-3808	28	20	explanations	explanation	NOUN
fsr-3808	28	21	.	.	PUNCT
fsr-3808	29	1	it	it	PRON
fsr-3808	29	2	applies	apply	VERB
fsr-3808	29	3	johansen	johansen	PROPN
fsr-3808	29	4	cointegration	cointegration	PROPN
fsr-3808	29	5	test	test	NOUN
fsr-3808	29	6	and	and	CCONJ
fsr-3808	29	7	error	error	NOUN
fsr-3808	29	8	correction	correction	NOUN
fsr-3808	29	9	model	model	NOUN
fsr-3808	29	10	(	(	PUNCT
fsr-3808	29	11	ecm	ecm	PROPN
fsr-3808	29	12	)	)	PUNCT
fsr-3808	29	13	to	to	ADP
fsr-3808	29	14	quarterly	quarterly	ADJ
fsr-3808	29	15	time	time	NOUN
fsr-3808	29	16	series	series	PROPN
fsr-3808	29	17	data	datum	NOUN
fsr-3808	29	18	on	on	ADP
fsr-3808	29	19	credit	credit	NOUN
fsr-3808	29	20	card	card	NOUN
fsr-3808	29	21	rates	rate	NOUN
fsr-3808	29	22	and	and	CCONJ
fsr-3808	29	23	cost	cost	NOUN
fsr-3808	29	24	of	of	ADP
fsr-3808	29	25	funds	fund	NOUN
fsr-3808	29	26	from	from	ADP
fsr-3808	29	27	1982	1982	NUM
fsr-3808	29	28	through	through	ADP
fsr-3808	29	29	1994	1994	NUM
fsr-3808	29	30	.	.	PUNCT
fsr-3808	30	1	this	this	DET
fsr-3808	30	2	paper	paper	NOUN
fsr-3808	30	3	proceeds	proceed	NOUN
fsr-3808	30	4	as	as	SCONJ
fsr-3808	30	5	follows	follow	VERB
fsr-3808	30	6	.	.	PUNCT
fsr-3808	31	1	the	the	DET
fsr-3808	31	2	second	second	ADJ
fsr-3808	31	3	section	section	NOUN
fsr-3808	31	4	exam	exam	NOUN
fsr-3808	31	5	ines	ine	VERB
fsr-3808	31	6	the	the	DET
fsr-3808	31	7	current	current	ADJ
fsr-3808	31	8	market	market	NOUN
fsr-3808	31	9	structure	structure	NOUN
fsr-3808	31	10	for	for	ADP
fsr-3808	31	11	credit	credit	NOUN
fsr-3808	31	12	cards	card	NOUN
fsr-3808	31	13	in	in	ADP
fsr-3808	31	14	the	the	DET
fsr-3808	31	15	united	united	PROPN
fsr-3808	31	16	states	states	PROPN
fsr-3808	31	17	,	,	PUNCT
fsr-3808	31	18	and	and	CCONJ
fsr-3808	31	19	the	the	DET
fsr-3808	31	20	third	third	NOUN
fsr-3808	31	21	focuses	focus	VERB
fsr-3808	31	22	on	on	ADP
fsr-3808	31	23	the	the	DET
fsr-3808	31	24	pricing	pricing	NOUN
fsr-3808	31	25	of	of	ADP
fsr-3808	31	26	bank	bank	NOUN
fsr-3808	31	27	credit	credit	NOUN
fsr-3808	31	28	cards	card	NOUN
fsr-3808	31	29	.	.	PUNCT
fsr-3808	32	1	the	the	DET
fsr-3808	32	2	fourth	fourth	ADJ
fsr-3808	32	3	section	section	NOUN
fsr-3808	32	4	discusses	discuss	VERB
fsr-3808	32	5	the	the	DET
fsr-3808	32	6	data	datum	NOUN
fsr-3808	32	7	and	and	CCONJ
fsr-3808	32	8	methodology	methodology	NOUN
fsr-3808	32	9	while	while	SCONJ
fsr-3808	32	10	the	the	DET
fsr-3808	32	11	fifth	fifth	ADJ
fsr-3808	32	12	section	section	NOUN
fsr-3808	32	13	presents	present	VERB
fsr-3808	32	14	the	the	DET
fsr-3808	32	15	research	research	NOUN
fsr-3808	32	16	results	result	NOUN
fsr-3808	32	17	.	.	PUNCT
fsr-3808	33	1	finally	finally	ADV
fsr-3808	33	2	,	,	PUNCT
fsr-3808	33	3	section	section	NOUN
fsr-3808	33	4	six	six	NUM
fsr-3808	33	5	contains	contain	VERB
fsr-3808	33	6	commen	comman	NOUN
fsr-3808	33	7	tary	tary	ADJ
fsr-3808	33	8	on	on	ADP
fsr-3808	33	9	the	the	DET
fsr-3808	33	10	results	result	NOUN
fsr-3808	33	11	.	.	PUNCT
fsr-3808	34	1	ii	ii	X
fsr-3808	34	2	.	.	PUNCT
fsr-3808	34	3	market	market	NOUN
fsr-3808	34	4	structure	structure	NOUN
fsr-3808	34	5	for	for	ADP
fsr-3808	34	6	bank	bank	NOUN
fsr-3808	34	7	credit	credit	NOUN
fsr-3808	34	8	cards	card	NOUN
fsr-3808	34	9	to	to	ADP
fsr-3808	34	10	the	the	DET
fsr-3808	34	11	current	current	ADJ
fsr-3808	34	12	generation	generation	NOUN
fsr-3808	34	13	of	of	ADP
fsr-3808	34	14	consumers	consumer	NOUN
fsr-3808	34	15	,	,	PUNCT
fsr-3808	34	16	credit	credit	NOUN
fsr-3808	34	17	has	have	AUX
fsr-3808	34	18	become	become	VERB
fsr-3808	34	19	a	a	DET
fsr-3808	34	20	way	way	NOUN
fsr-3808	34	21	of	of	ADP
fsr-3808	34	22	life	life	NOUN
fsr-3808	34	23	.	.	PUNCT
fsr-3808	35	1	the	the	DET
fsr-3808	35	2	previous	previous	ADJ
fsr-3808	35	3	gen	gen	PROPN
fsr-3808	35	4	erations	eration	NOUN
fsr-3808	35	5	detested	detest	VERB
fsr-3808	35	6	debt	debt	NOUN
fsr-3808	35	7	and	and	CCONJ
fsr-3808	35	8	took	take	VERB
fsr-3808	35	9	great	great	ADJ
fsr-3808	35	10	pride	pride	NOUN
fsr-3808	35	11	in	in	ADP
fsr-3808	35	12	seldom	seldom	ADV
fsr-3808	35	13	borrowing	borrow	VERB
fsr-3808	35	14	for	for	ADP
fsr-3808	35	15	personal	personal	ADJ
fsr-3808	35	16	reasons	reason	NOUN
fsr-3808	35	17	,	,	PUNCT
fsr-3808	35	18	because	because	SCONJ
fsr-3808	35	19	borrowing	borrowing	NOUN
fsr-3808	35	20	is	be	AUX
fsr-3808	35	21	assumed	assume	VERB
fsr-3808	35	22	to	to	PART
fsr-3808	35	23	signify	signify	VERB
fsr-3808	35	24	character	character	NOUN
fsr-3808	35	25	weakness	weakness	NOUN
fsr-3808	35	26	.	.	PUNCT
fsr-3808	36	1	but	but	CCONJ
fsr-3808	36	2	in	in	ADP
fsr-3808	36	3	today	today	NOUN
fsr-3808	36	4	's	's	PART
fsr-3808	36	5	world	world	NOUN
fsr-3808	36	6	,	,	PUNCT
fsr-3808	36	7	credit	credit	NOUN
fsr-3808	36	8	seems	seem	VERB
fsr-3808	36	9	to	to	PART
fsr-3808	36	10	be	be	AUX
fsr-3808	36	11	a	a	DET
fsr-3808	36	12	sign	sign	NOUN
fsr-3808	36	13	of	of	ADP
fsr-3808	36	14	strong	strong	ADJ
fsr-3808	36	15	character	character	NOUN
fsr-3808	36	16	.	.	PUNCT
fsr-3808	37	1	shepherdson	shepherdson	NOUN
fsr-3808	37	2	(	(	PUNCT
fsr-3808	37	3	1991	1991	NUM
fsr-3808	37	4	)	)	PUNCT
fsr-3808	37	5	and	and	CCONJ
fsr-3808	37	6	worthington	worthington	PROPN
fsr-3808	37	7	(	(	PUNCT
fsr-3808	37	8	1995	1995	NUM
fsr-3808	37	9	)	)	PUNCT
fsr-3808	37	10	note	note	VERB
fsr-3808	37	11	that	that	SCONJ
fsr-3808	37	12	the	the	DET
fsr-3808	37	13	use	use	NOUN
fsr-3808	37	14	of	of	ADP
fsr-3808	37	15	credit	credit	NOUN
fsr-3808	37	16	has	have	AUX
fsr-3808	37	17	become	become	VERB
fsr-3808	37	18	commonplace	commonplace	ADJ
fsr-3808	37	19	,	,	PUNCT
fsr-3808	37	20	particularly	particularly	ADV
fsr-3808	37	21	in	in	ADP
fsr-3808	37	22	the	the	DET
fsr-3808	37	23	united	united	PROPN
fsr-3808	37	24	states	states	PROPN
fsr-3808	37	25	and	and	CCONJ
fsr-3808	37	26	the	the	DET
fsr-3808	37	27	united	united	ADJ
fsr-3808	37	28	kingdom	kingdom	PROPN
fsr-3808	37	29	more	more	ADV
fsr-3808	37	30	than	than	ADP
fsr-3808	37	31	in	in	ADP
fsr-3808	37	32	other	other	ADJ
fsr-3808	37	33	countries	country	NOUN
fsr-3808	37	34	.	.	PUNCT
fsr-3808	38	1	along	along	ADP
fsr-3808	38	2	with	with	ADP
fsr-3808	38	3	the	the	DET
fsr-3808	38	4	change	change	NOUN
fsr-3808	38	5	in	in	ADP
fsr-3808	38	6	attitude	attitude	NOUN
fsr-3808	38	7	,	,	PUNCT
fsr-3808	38	8	consum	consum	ADJ
fsr-3808	38	9	ers	er	NOUN
fsr-3808	38	10	have	have	AUX
fsr-3808	38	11	become	become	VERB
fsr-3808	38	12	more	more	ADV
fsr-3808	38	13	susceptible	susceptible	ADJ
fsr-3808	38	14	to	to	ADP
fsr-3808	38	15	financial	financial	ADJ
fsr-3808	38	16	problems	problem	NOUN
fsr-3808	38	17	.	.	PUNCT
fsr-3808	39	1	many	many	ADJ
fsr-3808	39	2	are	be	AUX
fsr-3808	39	3	using	use	VERB
fsr-3808	39	4	as	as	ADV
fsr-3808	39	5	much	much	ADJ
fsr-3808	39	6	as	as	ADP
fsr-3808	39	7	40	40	NUM
fsr-3808	39	8	to	to	PART
fsr-3808	39	9	50	50	NUM
fsr-3808	39	10	percent	percent	NOUN
fsr-3808	39	11	of	of	ADP
fsr-3808	39	12	their	their	PRON
fsr-3808	39	13	income	income	NOUN
fsr-3808	39	14	to	to	PART
fsr-3808	39	15	repay	repay	VERB
fsr-3808	39	16	outstanding	outstanding	ADJ
fsr-3808	39	17	loans	loan	NOUN
fsr-3808	39	18	(	(	PUNCT
fsr-3808	39	19	sbepherdson	sbepherdson	NOUN
fsr-3808	39	20	,	,	PUNCT
fsr-3808	39	21	1991	1991	NUM
fsr-3808	39	22	)	)	PUNCT
fsr-3808	39	23	.	.	PUNCT
fsr-3808	40	1	the	the	DET
fsr-3808	40	2	credit	credit	NOUN
fsr-3808	40	3	card	card	NOUN
fsr-3808	40	4	market	market	NOUN
fsr-3808	40	5	is	be	AUX
fsr-3808	40	6	quite	quite	ADV
fsr-3808	40	7	broad	broad	ADJ
fsr-3808	40	8	and	and	CCONJ
fsr-3808	40	9	relatively	relatively	ADV
fsr-3808	40	10	unconcentrated	unconcentrated	ADJ
fsr-3808	40	11	.	.	PUNCT
fsr-3808	41	1	for	for	ADP
fsr-3808	41	2	example	example	NOUN
fsr-3808	41	3	,	,	PUNCT
fsr-3808	41	4	the	the	DET
fsr-3808	41	5	top	top	ADJ
fsr-3808	41	6	ten	ten	NUM
fsr-3808	41	7	card	card	NOUN
fsr-3808	41	8	issuers	issuer	NOUN
fsr-3808	41	9	control	control	NOUN
fsr-3808	41	10	only	only	ADV
fsr-3808	41	11	forty	forty	NUM
fsr-3808	41	12	percent	percent	NOUN
fsr-3808	41	13	of	of	ADP
fsr-3808	41	14	the	the	DET
fsr-3808	41	15	credit	credit	NOUN
fsr-3808	41	16	card	card	NOUN
fsr-3808	41	17	market	market	NOUN
fsr-3808	41	18	(	(	PUNCT
fsr-3808	41	19	sinkey	sinkey	NOUN
fsr-3808	41	20	,	,	PUNCT
fsr-3808	41	21	1992	1992	NUM
fsr-3808	41	22	)	)	PUNCT
fsr-3808	41	23	.	.	PUNCT
fsr-3808	42	1	the	the	DET
fsr-3808	42	2	nilson	nilson	PROPN
fsr-3808	42	3	report	report	PROPN
fsr-3808	42	4	,	,	PUNCT
fsr-3808	42	5	a	a	DET
fsr-3808	42	6	credit	credit	NOUN
fsr-3808	42	7	card	card	NOUN
fsr-3808	42	8	newsletter	newsletter	NOUN
fsr-3808	42	9	,	,	PUNCT
fsr-3808	42	10	estimates	estimate	VERB
fsr-3808	42	11	the	the	DET
fsr-3808	42	12	number	number	NOUN
fsr-3808	42	13	of	of	ADP
fsr-3808	42	14	credit	credit	NOUN
fsr-3808	42	15	card	card	NOUN
fsr-3808	42	16	issuers	issuer	NOUN
fsr-3808	42	17	in	in	ADP
fsr-3808	42	18	the	the	DET
fsr-3808	42	19	united	united	PROPN
fsr-3808	42	20	states	states	PROPN
fsr-3808	42	21	in	in	ADP
fsr-3808	42	22	1991	1991	NUM
fsr-3808	42	23	at	at	ADP
fsr-3808	42	24	about	about	ADV
fsr-3808	42	25	5,000	5,000	NUM
fsr-3808	42	26	.	.	PUNCT
fsr-3808	43	1	these	these	DET
fsr-3808	43	2	issuers	issuer	NOUN
fsr-3808	43	3	make	make	VERB
fsr-3808	43	4	a	a	DET
fsr-3808	43	5	profit	profit	NOUN
fsr-3808	43	6	of	of	ADP
fsr-3808	43	7	2.5	2.5	NUM
fsr-3808	43	8	percent	percent	NOUN
fsr-3808	43	9	a	a	DET
fsr-3808	43	10	year	year	NOUN
fsr-3808	43	11	,	,	PUNCT
fsr-3808	43	12	after	after	ADP
fsr-3808	43	13	taxes	taxis	NOUN
fsr-3808	43	14	,	,	PUNCT
fsr-3808	43	15	on	on	ADP
fsr-3808	43	16	all	all	DET
fsr-3808	43	17	charges	charge	NOUN
fsr-3808	43	18	.	.	PUNCT
fsr-3808	44	1	moreover	moreover	ADV
fsr-3808	44	2	,	,	PUNCT
fsr-3808	44	3	sullivan	sullivan	NOUN
fsr-3808	44	4	and	and	CCONJ
fsr-3808	44	5	worden	worden	PROPN
fsr-3808	44	6	(	(	PUNCT
fsr-3808	44	7	1995	1995	NUM
fsr-3808	44	8	)	)	PUNCT
fsr-3808	44	9	and	and	CCONJ
fsr-3808	44	10	sinkey	sinkey	NOUN
fsr-3808	44	11	and	and	CCONJ
fsr-3808	44	12	nash	nash	PROPN
fsr-3808	44	13	(	(	PUNCT
fsr-3808	44	14	1993	1993	NUM
fsr-3808	44	15	)	)	PUNCT
fsr-3808	44	16	note	note	VERB
fsr-3808	44	17	that	that	SCONJ
fsr-3808	44	18	banks	bank	NOUN
fsr-3808	44	19	realize	realize	VERB
fsr-3808	44	20	more	more	ADJ
fsr-3808	44	21	revenue	revenue	NOUN
fsr-3808	44	22	from	from	ADP
fsr-3808	44	23	credit	credit	NOUN
fsr-3808	44	24	cards	card	NOUN
fsr-3808	44	25	operation	operation	NOUN
fsr-3808	44	26	compared	compare	VERB
fsr-3808	44	27	to	to	ADP
fsr-3808	44	28	other	other	ADJ
fsr-3808	44	29	ser	ser	NOUN
fsr-3808	44	30	vices	vice	NOUN
fsr-3808	44	31	.	.	PUNCT
fsr-3808	45	1	moreover	moreover	ADV
fsr-3808	45	2	,	,	PUNCT
fsr-3808	45	3	a	a	DET
fsr-3808	45	4	typical	typical	ADJ
fsr-3808	45	5	cardholder	cardholder	NOUN
fsr-3808	45	6	in	in	ADP
fsr-3808	45	7	the	the	DET
fsr-3808	45	8	u.s	u.s	PROPN
fsr-3808	45	9	.	.	PROPN
fsr-3808	45	10	owes	owe	VERB
fsr-3808	45	11	visa	visa	NOUN
fsr-3808	45	12	and	and	CCONJ
fsr-3808	45	13	mastercard	mastercard	PROPN
fsr-3808	45	14	$	$	SYM
fsr-3808	45	15	400	400	NUM
fsr-3808	45	16	in	in	ADP
fsr-3808	45	17	early	early	ADJ
fsr-3808	45	18	1980s	1980s	NUM
fsr-3808	45	19	,	,	PUNCT
fsr-3808	45	20	$	$	SYM
fsr-3808	45	21	1,096	1,096	NUM
fsr-3808	45	22	in	in	ADP
fsr-3808	45	23	1993	1993	NUM
fsr-3808	45	24	and	and	CCONJ
fsr-3808	45	25	$	$	SYM
fsr-3808	45	26	1,750	1,750	NUM
fsr-3808	45	27	in	in	ADP
fsr-3808	45	28	1994	1994	NUM
fsr-3808	45	29	.	.	PUNCT
fsr-3808	46	1	according	accord	VERB
fsr-3808	46	2	to	to	ADP
fsr-3808	46	3	ausubel	ausubel	PROPN
fsr-3808	46	4	(	(	PUNCT
fsr-3808	46	5	1991	1991	NUM
fsr-3808	46	6	)	)	PUNCT
fsr-3808	46	7	and	and	CCONJ
fsr-3808	46	8	pozdena	pozdena	NOUN
fsr-3808	46	9	(	(	PUNCT
fsr-3808	46	10	1991	1991	NUM
fsr-3808	46	11	)	)	PUNCT
fsr-3808	46	12	,	,	PUNCT
fsr-3808	46	13	americans	americans	PROPN
fsr-3808	46	14	charge	charge	VERB
fsr-3808	46	15	more	more	ADJ
fsr-3808	46	16	than	than	ADP
fsr-3808	46	17	$	$	SYM
fsr-3808	46	18	200	200	NUM
fsr-3808	46	19	billion	billion	NUM
fsr-3808	46	20	a	a	DET
fsr-3808	46	21	year	year	NOUN
fsr-3808	46	22	on	on	ADP
fsr-3808	46	23	their	their	PRON
fsr-3808	46	24	credit	credit	NOUN
fsr-3808	46	25	cards	card	NOUN
fsr-3808	46	26	.	.	PUNCT
fsr-3808	47	1	fewer	few	ADJ
fsr-3808	47	2	than	than	ADP
fsr-3808	47	3	20	20	NUM
fsr-3808	47	4	percent	percent	NOUN
fsr-3808	47	5	of	of	ADP
fsr-3808	47	6	households	household	NOUN
fsr-3808	47	7	are	be	AUX
fsr-3808	47	8	without	without	ADP
fsr-3808	47	9	any	any	DET
fsr-3808	47	10	credit	credit	NOUN
fsr-3808	47	11	cards	card	NOUN
fsr-3808	47	12	.	.	PUNCT
fsr-3808	48	1	prior	prior	ADV
fsr-3808	48	2	to	to	ADP
fsr-3808	48	3	the	the	DET
fsr-3808	48	4	marquette	marquette	NOUN
fsr-3808	48	5	(	(	PUNCT
fsr-3808	48	6	national	national	PROPN
fsr-3808	48	7	bank	bank	NOUN
fsr-3808	48	8	vs.	vs.	CCONJ
fsr-3808	48	9	first	first	ADV
fsr-3808	48	10	of	of	ADP
fsr-3808	48	11	omaha	omaha	NOUN
fsr-3808	48	12	)	)	PUNCT
fsr-3808	48	13	decision	decision	NOUN
fsr-3808	48	14	of	of	ADP
fsr-3808	48	15	the	the	DET
fsr-3808	48	16	u.s	u.s	PROPN
fsr-3808	48	17	.	.	PROPN
fsr-3808	48	18	supreme	supreme	PROPN
fsr-3808	48	19	court	court	PROPN
fsr-3808	48	20	of	of	ADP
fsr-3808	48	21	1978	1978	NUM
fsr-3808	48	22	,	,	PUNCT
fsr-3808	48	23	credit	credit	NOUN
fsr-3808	48	24	card	card	NOUN
fsr-3808	48	25	issuers	issuer	NOUN
fsr-3808	48	26	were	be	AUX
fsr-3808	48	27	subject	subject	ADJ
fsr-3808	48	28	to	to	ADP
fsr-3808	48	29	state	state	NOUN
fsr-3808	48	30	usury	usury	NOUN
fsr-3808	48	31	laws	law	NOUN
fsr-3808	48	32	.	.	PUNCT
fsr-3808	49	1	the	the	DET
fsr-3808	49	2	court	court	NOUN
fsr-3808	49	3	deci	deci	PROPN
fsr-3808	49	4	sion	sion	PROPN
fsr-3808	49	5	led	lead	VERB
fsr-3808	49	6	to	to	ADP
fsr-3808	49	7	the	the	DET
fsr-3808	49	8	practical	practical	ADJ
fsr-3808	49	9	elimination	elimination	NOUN
fsr-3808	49	10	of	of	ADP
fsr-3808	49	11	price	price	NOUN
fsr-3808	49	12	regulations	regulation	NOUN
fsr-3808	49	13	.	.	PUNCT
fsr-3808	50	1	historically	historically	ADV
fsr-3808	50	2	,	,	PUNCT
fsr-3808	50	3	credit	credit	NOUN
fsr-3808	50	4	card	card	NOUN
fsr-3808	50	5	business	business	NOUN
fsr-3808	50	6	sticky	sticky	ADJ
fsr-3808	50	7	credit	credit	NOUN
fsr-3808	50	8	card	card	NOUN
fsr-3808	50	9	rates	rate	NOUN
fsr-3808	50	10	55	55	NUM
fsr-3808	50	11	was	be	AUX
fsr-3808	50	12	not	not	PART
fsr-3808	50	13	subject	subject	ADJ
fsr-3808	50	14	to	to	ADP
fsr-3808	50	15	the	the	DET
fsr-3808	50	16	strict	strict	ADJ
fsr-3808	50	17	regulations	regulation	NOUN
fsr-3808	50	18	that	that	PRON
fsr-3808	50	19	were	be	AUX
fsr-3808	50	20	applicable	applicable	ADJ
fsr-3808	50	21	to	to	ADP
fsr-3808	50	22	banking	banking	NOUN
fsr-3808	50	23	business	business	NOUN
fsr-3808	50	24	.	.	PUNCT
fsr-3808	51	1	thus	thus	ADV
fsr-3808	51	2	,	,	PUNCT
fsr-3808	51	3	credit	credit	NOUN
fsr-3808	51	4	card	card	NOUN
fsr-3808	51	5	issuers	issuer	NOUN
fsr-3808	51	6	operated	operate	VERB
fsr-3808	51	7	free	free	ADJ
fsr-3808	51	8	of	of	ADP
fsr-3808	51	9	interstate	interstate	ADJ
fsr-3808	51	10	banking	banking	NOUN
fsr-3808	51	11	and	and	CCONJ
fsr-3808	51	12	branch	branch	NOUN
fsr-3808	51	13	banking	banking	NOUN
fsr-3808	51	14	restrictions	restriction	NOUN
fsr-3808	51	15	.	.	PUNCT
fsr-3808	52	1	the	the	DET
fsr-3808	52	2	situation	situation	NOUN
fsr-3808	52	3	changed	change	VERB
fsr-3808	52	4	in	in	ADP
fsr-3808	52	5	the	the	DET
fsr-3808	52	6	1980s	1980	NOUN
fsr-3808	52	7	when	when	SCONJ
fsr-3808	52	8	several	several	ADJ
fsr-3808	52	9	attempts	attempt	NOUN
fsr-3808	52	10	were	be	AUX
fsr-3808	52	11	made	make	VERB
fsr-3808	52	12	to	to	PART
fsr-3808	52	13	reintroduce	reintroduce	VERB
fsr-3808	52	14	usury	usury	NOUN
fsr-3808	52	15	laws	law	NOUN
fsr-3808	52	16	at	at	ADP
fsr-3808	52	17	the	the	DET
fsr-3808	52	18	federal	federal	ADJ
fsr-3808	52	19	level	level	NOUN
fsr-3808	52	20	(	(	PUNCT
fsr-3808	52	21	canner	canner	NOUN
fsr-3808	52	22	and	and	CCONJ
fsr-3808	52	23	fergus	fergus	NOUN
fsr-3808	52	24	,	,	PUNCT
fsr-3808	52	25	1987	1987	NUM
fsr-3808	52	26	)	)	PUNCT
fsr-3808	52	27	.	.	PUNCT
fsr-3808	53	1	the	the	DET
fsr-3808	53	2	motivation	motivation	NOUN
fsr-3808	53	3	was	be	AUX
fsr-3808	53	4	the	the	DET
fsr-3808	53	5	perception	perception	NOUN
fsr-3808	53	6	by	by	ADP
fsr-3808	53	7	many	many	ADJ
fsr-3808	53	8	americans	americans	PROPN
fsr-3808	53	9	that	that	SCONJ
fsr-3808	53	10	credit	credit	NOUN
fsr-3808	53	11	card	card	NOUN
fsr-3808	53	12	rates	rate	NOUN
fsr-3808	53	13	were	be	AUX
fsr-3808	53	14	insensitive	insensitive	ADJ
fsr-3808	53	15	to	to	ADP
fsr-3808	53	16	the	the	DET
fsr-3808	53	17	cost	cost	NOUN
fsr-3808	53	18	of	of	ADP
fsr-3808	53	19	funds	fund	NOUN
fsr-3808	53	20	.	.	PUNCT
fsr-3808	54	1	this	this	DET
fsr-3808	54	2	public	public	ADJ
fsr-3808	54	3	opinion	opinion	NOUN
fsr-3808	54	4	led	lead	VERB
fsr-3808	54	5	congress	congress	PROPN
fsr-3808	54	6	to	to	PART
fsr-3808	54	7	pass	pass	VERB
fsr-3808	54	8	the	the	DET
fsr-3808	54	9	fair	fair	ADJ
fsr-3808	54	10	credit	credit	NOUN
fsr-3808	54	11	and	and	CCONJ
fsr-3808	54	12	charge	charge	NOUN
fsr-3808	54	13	card	card	NOUN
fsr-3808	54	14	disclosure	disclosure	NOUN
fsr-3808	54	15	act	act	NOUN
fsr-3808	54	16	in	in	ADP
fsr-3808	54	17	late	late	ADJ
fsr-3808	54	18	1988	1988	NUM
fsr-3808	54	19	.	.	PUNCT
fsr-3808	55	1	as	as	SCONJ
fsr-3808	55	2	noted	note	VERB
fsr-3808	55	3	earlier	early	ADV
fsr-3808	55	4	,	,	PUNCT
fsr-3808	55	5	sullivan	sullivan	PROPN
fsr-3808	55	6	and	and	CCONJ
fsr-3808	55	7	worden	worden	NOUN
fsr-3808	55	8	observe	observe	VERB
fsr-3808	55	9	that	that	SCONJ
fsr-3808	55	10	the	the	DET
fsr-3808	55	11	act	act	NOUN
fsr-3808	55	12	was	be	AUX
fsr-3808	55	13	designed	design	VERB
fsr-3808	55	14	to	to	PART
fsr-3808	55	15	reduce	reduce	VERB
fsr-3808	55	16	search	search	NOUN
fsr-3808	55	17	and	and	CCONJ
fsr-3808	55	18	switch	switch	NOUN
fsr-3808	55	19	costs	cost	NOUN
fsr-3808	55	20	by	by	ADP
fsr-3808	55	21	requiting	requite	VERB
fsr-3808	55	22	banks	bank	NOUN
fsr-3808	55	23	to	to	PART
fsr-3808	55	24	disclose	disclose	VERB
fsr-3808	55	25	information	information	NOUN
fsr-3808	55	26	on	on	ADP
fsr-3808	55	27	the	the	DET
fsr-3808	55	28	costs	cost	NOUN
fsr-3808	55	29	of	of	ADP
fsr-3808	55	30	their	their	PRON
fsr-3808	55	31	services	service	NOUN
fsr-3808	55	32	.	.	PUNCT
fsr-3808	56	1	the	the	DET
fsr-3808	56	2	operators	operator	NOUN
fsr-3808	56	3	in	in	ADP
fsr-3808	56	4	today	today	NOUN
fsr-3808	56	5	's	's	PART
fsr-3808	56	6	credit	credit	NOUN
fsr-3808	56	7	card	card	NOUN
fsr-3808	56	8	market	market	NOUN
fsr-3808	56	9	are	be	AUX
fsr-3808	56	10	more	more	ADV
fsr-3808	56	11	aggressive	aggressive	ADJ
fsr-3808	56	12	than	than	ADP
fsr-3808	56	13	ever	ever	ADV
fsr-3808	56	14	before	before	ADV
fsr-3808	56	15	by	by	ADP
fsr-3808	56	16	offering	offer	VERB
fsr-3808	56	17	packages	package	NOUN
fsr-3808	56	18	that	that	PRON
fsr-3808	56	19	include	include	VERB
fsr-3808	56	20	:	:	PUNCT
fsr-3808	56	21	more	more	ADV
fsr-3808	56	22	favorable	favorable	ADJ
fsr-3808	56	23	interest	interest	NOUN
fsr-3808	56	24	rates	rate	NOUN
fsr-3808	56	25	,	,	PUNCT
fsr-3808	56	26	waivers	waiver	NOUN
fsr-3808	56	27	of	of	ADP
fsr-3808	56	28	annual	annual	ADJ
fsr-3808	56	29	fees	fee	NOUN
fsr-3808	56	30	rebates	rebate	NOUN
fsr-3808	56	31	of	of	ADP
fsr-3808	56	32	various	various	ADJ
fsr-3808	56	33	types	type	NOUN
fsr-3808	56	34	,	,	PUNCT
fsr-3808	56	35	co	co	NOUN
fsr-3808	56	36	-	-	NOUN
fsr-3808	56	37	branding	branding	ADJ
fsr-3808	56	38	,	,	PUNCT
fsr-3808	56	39	and	and	CCONJ
fsr-3808	56	40	accounts	account	VERB
fsr-3808	56	41	consolidation	consolidation	NOUN
fsr-3808	56	42	(	(	PUNCT
fsr-3808	56	43	ayadi	ayadi	NOUN
fsr-3808	56	44	and	and	CCONJ
fsr-3808	56	45	onashile	onashile	NOUN
fsr-3808	56	46	,	,	PUNCT
fsr-3808	56	47	1994	1994	NUM
fsr-3808	56	48	)	)	PUNCT
fsr-3808	56	49	.	.	PUNCT
fsr-3808	57	1	the	the	DET
fsr-3808	57	2	introduction	introduction	NOUN
fsr-3808	57	3	of	of	ADP
fsr-3808	57	4	no	no	DET
fsr-3808	57	5	fee	fee	NOUN
fsr-3808	57	6	with	with	ADP
fsr-3808	57	7	low	low	ADJ
fsr-3808	57	8	aprs	aprs	NOUN
fsr-3808	57	9	but	but	CCONJ
fsr-3808	57	10	no	no	DET
fsr-3808	57	11	interest	interest	NOUN
fsr-3808	57	12	free	free	ADJ
fsr-3808	57	13	periods	period	NOUN
fsr-3808	57	14	and	and	CCONJ
fsr-3808	57	15	the	the	DET
fsr-3808	57	16	intensification	intensification	NOUN
fsr-3808	57	17	of	of	ADP
fsr-3808	57	18	competition	competition	NOUN
fsr-3808	57	19	among	among	ADP
fsr-3808	57	20	card	card	NOUN
fsr-3808	57	21	issuers	issuer	NOUN
fsr-3808	57	22	,	,	PUNCT
fsr-3808	57	23	have	have	AUX
fsr-3808	57	24	led	lead	VERB
fsr-3808	57	25	to	to	ADP
fsr-3808	57	26	an	an	DET
fsr-3808	57	27	increasingly	increasingly	ADV
fsr-3808	57	28	fragmented	fragmented	ADJ
fsr-3808	57	29	market	market	NOUN
fsr-3808	57	30	.	.	PUNCT
fsr-3808	58	1	co	co	VERB
fsr-3808	58	2	-	-	VERB
fsr-3808	58	3	branding	branding	ADJ
fsr-3808	58	4	is	be	AUX
fsr-3808	58	5	the	the	DET
fsr-3808	58	6	process	process	NOUN
fsr-3808	58	7	in	in	ADP
fsr-3808	58	8	which	which	PRON
fsr-3808	58	9	a	a	DET
fsr-3808	58	10	financial	financial	ADJ
fsr-3808	58	11	institution	institution	NOUN
fsr-3808	58	12	unites	unite	VERB
fsr-3808	58	13	with	with	ADP
fsr-3808	58	14	a	a	DET
fsr-3808	58	15	company	company	NOUN
fsr-3808	58	16	to	to	PART
fsr-3808	58	17	offer	offer	VERB
fsr-3808	58	18	a	a	DET
fsr-3808	58	19	credit	credit	NOUN
fsr-3808	58	20	card	card	NOUN
fsr-3808	58	21	with	with	ADP
fsr-3808	58	22	unique	unique	ADJ
fsr-3808	58	23	incentives	incentive	NOUN
fsr-3808	58	24	tied	tie	VERB
fsr-3808	58	25	to	to	ADP
fsr-3808	58	26	the	the	DET
fsr-3808	58	27	use	use	NOUN
fsr-3808	58	28	of	of	ADP
fsr-3808	58	29	the	the	DET
fsr-3808	58	30	card	card	NOUN
fsr-3808	58	31	.	.	PUNCT
fsr-3808	59	1	co	co	VERB
fsr-3808	59	2	-	-	ADJ
fsr-3808	59	3	branded	branded	ADJ
fsr-3808	59	4	cards	card	NOUN
fsr-3808	59	5	have	have	AUX
fsr-3808	59	6	gained	gain	VERB
fsr-3808	59	7	momentum	momentum	NOUN
fsr-3808	59	8	because	because	SCONJ
fsr-3808	59	9	they	they	PRON
fsr-3808	59	10	offer	offer	VERB
fsr-3808	59	11	discounts	discount	NOUN
fsr-3808	59	12	on	on	ADP
fsr-3808	59	13	cars	car	NOUN
fsr-3808	59	14	,	,	PUNCT
fsr-3808	59	15	merchandise	merchandise	NOUN
fsr-3808	59	16	or	or	CCONJ
fsr-3808	59	17	airline	airline	NOUN
fsr-3808	59	18	tickets	ticket	NOUN
fsr-3808	59	19	in	in	ADP
fsr-3808	59	20	proportion	proportion	NOUN
fsr-3808	59	21	to	to	ADP
fsr-3808	59	22	the	the	DET
fsr-3808	59	23	amount	amount	NOUN
fsr-3808	59	24	a	a	DET
fsr-3808	59	25	cardholder	cardholder	NOUN
fsr-3808	59	26	charges	charge	NOUN
fsr-3808	59	27	.	.	PUNCT
fsr-3808	60	1	examples	example	NOUN
fsr-3808	60	2	are	be	AUX
fsr-3808	60	3	general	general	ADJ
fsr-3808	60	4	motors	motors	PROPN
fsr-3808	60	5	'	'	PART
fsr-3808	60	6	gm	gm	PROPN
fsr-3808	60	7	card	card	NOUN
fsr-3808	60	8	issued	issue	VERB
fsr-3808	60	9	through	through	ADP
fsr-3808	60	10	household	household	NOUN
fsr-3808	60	11	international	international	ADJ
fsr-3808	60	12	,	,	PUNCT
fsr-3808	60	13	shell	shell	ADJ
fsr-3808	60	14	oil	oil	NOUN
fsr-3808	60	15	and	and	CCONJ
fsr-3808	60	16	chemical	chemical	PROPN
fsr-3808	60	17	bank	bank	NOUN
fsr-3808	60	18	,	,	PUNCT
fsr-3808	60	19	and	and	CCONJ
fsr-3808	60	20	apple	apple	NOUN
fsr-3808	60	21	computer	computer	NOUN
fsr-3808	60	22	parmership	parmership	NOUN
fsr-3808	60	23	with	with	ADP
fsr-3808	60	24	citicorp	citicorp	PROPN
fsr-3808	60	25	.	.	PUNCT
fsr-3808	61	1	a	a	DET
fsr-3808	61	2	few	few	ADJ
fsr-3808	61	3	years	year	NOUN
fsr-3808	61	4	ago	ago	ADV
fsr-3808	61	5	,	,	PUNCT
fsr-3808	61	6	credit	credit	NOUN
fsr-3808	61	7	card	card	NOUN
fsr-3808	61	8	issuers	issuer	NOUN
fsr-3808	61	9	began	begin	VERB
fsr-3808	61	10	a	a	DET
fsr-3808	61	11	competitive	competitive	ADJ
fsr-3808	61	12	strategy	strategy	NOUN
fsr-3808	61	13	of	of	ADP
fsr-3808	61	14	persuading	persuade	VERB
fsr-3808	61	15	cardholders	cardholder	NOUN
fsr-3808	61	16	to	to	PART
fsr-3808	61	17	consolidate	consolidate	VERB
fsr-3808	61	18	their	their	PRON
fsr-3808	61	19	credit	credit	NOUN
fsr-3808	61	20	balances	balance	NOUN
fsr-3808	61	21	.	.	PUNCT
fsr-3808	62	1	for	for	ADP
fsr-3808	62	2	example	example	NOUN
fsr-3808	62	3	,	,	PUNCT
fsr-3808	62	4	chase	chase	PROPN
fsr-3808	62	5	manhattan	manhattan	PROPN
fsr-3808	62	6	bank	bank	PROPN
fsr-3808	62	7	recently	recently	ADV
fsr-3808	62	8	began	begin	VERB
fsr-3808	62	9	to	to	PART
fsr-3808	62	10	offer	offer	VERB
fsr-3808	62	11	the	the	DET
fsr-3808	62	12	chase	chase	NOUN
fsr-3808	62	13	reward	reward	NOUN
fsr-3808	62	14	consolidator	consolidator	NOUN
fsr-3808	62	15	in	in	ADP
fsr-3808	62	16	which	which	PRON
fsr-3808	62	17	holders	holder	NOUN
fsr-3808	62	18	of	of	ADP
fsr-3808	62	19	reward	reward	NOUN
fsr-3808	62	20	cards	card	NOUN
fsr-3808	62	21	can	can	AUX
fsr-3808	62	22	transfer	transfer	VERB
fsr-3808	62	23	balances	balance	NOUN
fsr-3808	62	24	on	on	ADP
fsr-3808	62	25	their	their	PRON
fsr-3808	62	26	other	other	ADJ
fsr-3808	62	27	cards	card	NOUN
fsr-3808	62	28	to	to	PART
fsr-3808	62	29	chase	chase	VERB
fsr-3808	62	30	.	.	PUNCT
fsr-3808	63	1	in	in	ADP
fsr-3808	63	2	the	the	DET
fsr-3808	63	3	process	process	NOUN
fsr-3808	63	4	,	,	PUNCT
fsr-3808	63	5	they	they	PRON
fsr-3808	63	6	pay	pay	VERB
fsr-3808	63	7	a	a	DET
fsr-3808	63	8	lower	low	ADJ
fsr-3808	63	9	interest	interest	NOUN
fsr-3808	63	10	rate	rate	NOUN
fsr-3808	63	11	,	,	PUNCT
fsr-3808	63	12	and	and	CCONJ
fsr-3808	63	13	keep	keep	VERB
fsr-3808	63	14	their	their	PRON
fsr-3808	63	15	rewards	reward	NOUN
fsr-3808	63	16	.	.	PUNCT
fsr-3808	64	1	finally	finally	ADV
fsr-3808	64	2	,	,	PUNCT
fsr-3808	64	3	pozdena	pozdena	NOUN
fsr-3808	64	4	(	(	PUNCT
fsr-3808	64	5	1991	1991	NUM
fsr-3808	64	6	)	)	PUNCT
fsr-3808	64	7	notes	note	VERB
fsr-3808	64	8	that	that	SCONJ
fsr-3808	64	9	although	although	SCONJ
fsr-3808	64	10	credit	credit	NOUN
fsr-3808	64	11	card	card	NOUN
fsr-3808	64	12	issuers	issuer	NOUN
fsr-3808	64	13	do	do	AUX
fsr-3808	64	14	offer	offer	VERB
fsr-3808	64	15	lower	low	ADJ
fsr-3808	64	16	rates	rate	NOUN
fsr-3808	64	17	to	to	ADP
fsr-3808	64	18	more	more	ADV
fsr-3808	64	19	carefully	carefully	ADV
fsr-3808	64	20	selected	select	VERB
fsr-3808	64	21	consumer	consumer	NOUN
fsr-3808	64	22	segments	segment	NOUN
fsr-3808	64	23	,	,	PUNCT
fsr-3808	64	24	this	this	DET
fsr-3808	64	25	gesture	gesture	NOUN
fsr-3808	64	26	is	be	AUX
fsr-3808	64	27	consistent	consistent	ADJ
fsr-3808	64	28	with	with	ADP
fsr-3808	64	29	risk	risk	NOUN
fsr-3808	64	30	management	management	NOUN
fsr-3808	64	31	but	but	CCONJ
fsr-3808	64	32	,	,	PUNCT
fsr-3808	64	33	does	do	AUX
fsr-3808	64	34	not	not	PART
fsr-3808	64	35	prove	prove	VERB
fsr-3808	64	36	that	that	SCONJ
fsr-3808	64	37	the	the	DET
fsr-3808	64	38	credit	credit	NOUN
fsr-3808	64	39	card	card	NOUN
fsr-3808	64	40	market	market	NOUN
fsr-3808	64	41	is	be	AUX
fsr-3808	64	42	as	as	ADV
fsr-3808	64	43	competitive	competitive	ADJ
fsr-3808	64	44	as	as	SCONJ
fsr-3808	64	45	it	it	PRON
fsr-3808	64	46	should	should	AUX
fsr-3808	64	47	be	be	AUX
fsr-3808	64	48	.	.	PUNCT
fsr-3808	65	1	hi	hi	INTJ
fsr-3808	65	2	.	.	PUNCT
fsr-3808	66	1	the	the	DET
fsr-3808	66	2	pricing	pricing	NOUN
fsr-3808	66	3	of	of	ADP
fsr-3808	66	4	bank	bank	NOUN
fsr-3808	66	5	credit	credit	NOUN
fsr-3808	66	6	cards	card	NOUN
fsr-3808	66	7	rose	rise	VERB
fsr-3808	66	8	(	(	PUNCT
fsr-3808	66	9	1985	1985	NUM
fsr-3808	66	10	)	)	PUNCT
fsr-3808	66	11	documented	document	VERB
fsr-3808	66	12	several	several	ADJ
fsr-3808	66	13	models	model	NOUN
fsr-3808	66	14	for	for	ADP
fsr-3808	66	15	pricing	pricing	NOUN
fsr-3808	66	16	business	business	NOUN
fsr-3808	66	17	and	and	CCONJ
fsr-3808	66	18	consumer	consumer	NOUN
fsr-3808	66	19	loans	loan	NOUN
fsr-3808	66	20	(	(	PUNCT
fsr-3808	66	21	includ	includ	X
fsr-3808	66	22	ing	ing	ADJ
fsr-3808	66	23	credit	credit	NOUN
fsr-3808	66	24	card	card	NOUN
fsr-3808	66	25	loans	loan	NOUN
fsr-3808	66	26	)	)	PUNCT
fsr-3808	66	27	by	by	ADP
fsr-3808	66	28	banks	bank	NOUN
fsr-3808	66	29	.	.	PUNCT
fsr-3808	67	1	the	the	DET
fsr-3808	67	2	lenders	lender	NOUN
fsr-3808	67	3	would	would	AUX
fsr-3808	67	4	charge	charge	VERB
fsr-3808	67	5	a	a	DET
fsr-3808	67	6	rate	rate	NOUN
fsr-3808	67	7	that	that	PRON
fsr-3808	67	8	incorporates	incorporate	VERB
fsr-3808	67	9	risk	risk	NOUN
fsr-3808	67	10	as	as	ADV
fsr-3808	67	11	well	well	ADV
fsr-3808	67	12	as	as	ADP
fsr-3808	67	13	a	a	DET
fsr-3808	67	14	reasonable	reasonable	ADJ
fsr-3808	67	15	level	level	NOUN
fsr-3808	67	16	of	of	ADP
fsr-3808	67	17	profit	profit	NOUN
fsr-3808	67	18	.	.	PUNCT
fsr-3808	68	1	on	on	ADP
fsr-3808	68	2	the	the	DET
fsr-3808	68	3	other	other	ADJ
fsr-3808	68	4	hand	hand	NOUN
fsr-3808	68	5	,	,	PUNCT
fsr-3808	68	6	the	the	DET
fsr-3808	68	7	loan	loan	NOUN
fsr-3808	68	8	rate	rate	NOUN
fsr-3808	68	9	should	should	AUX
fsr-3808	68	10	be	be	AUX
fsr-3808	68	11	low	low	ADJ
fsr-3808	68	12	enough	enough	ADV
fsr-3808	68	13	to	to	PART
fsr-3808	68	14	accommodate	accommodate	VERB
fsr-3808	68	15	the	the	DET
fsr-3808	68	16	customer	customer	NOUN
fsr-3808	68	17	who	who	PRON
fsr-3808	68	18	must	must	AUX
fsr-3808	68	19	think	think	VERB
fsr-3808	68	20	of	of	ADP
fsr-3808	68	21	how	how	SCONJ
fsr-3808	68	22	to	to	PART
fsr-3808	68	23	repay	repay	VERB
fsr-3808	68	24	the	the	DET
fsr-3808	68	25	loan	loan	NOUN
fsr-3808	68	26	.	.	PUNCT
fsr-3808	69	1	the	the	DET
fsr-3808	69	2	models	model	NOUN
fsr-3808	69	3	docu	docu	VERB
fsr-3808	69	4	mented	mente	VERB
fsr-3808	69	5	by	by	ADP
fsr-3808	69	6	rose	rose	NOUN
fsr-3808	69	7	are	be	AUX
fsr-3808	69	8	:	:	PUNCT
fsr-3808	69	9	cost	cost	NOUN
fsr-3808	69	10	-	-	PUNCT
fsr-3808	69	11	plus	plus	CCONJ
fsr-3808	69	12	loan	loan	NOUN
fsr-3808	69	13	-	-	PUNCT
fsr-3808	69	14	pricing	pricing	NOUN
fsr-3808	69	15	model	model	NOUN
fsr-3808	69	16	,	,	PUNCT
fsr-3808	69	17	price	price	NOUN
fsr-3808	69	18	-	-	PUNCT
fsr-3808	69	19	leadership	leadership	NOUN
fsr-3808	69	20	model	model	NOUN
fsr-3808	69	21	,	,	PUNCT
fsr-3808	69	22	cost	cost	NOUN
fsr-3808	69	23	-	-	PUNCT
fsr-3808	69	24	benefit	benefit	NOUN
fsr-3808	69	25	loan	loan	NOUN
fsr-3808	69	26	pricing	pricing	NOUN
fsr-3808	69	27	,	,	PUNCT
fsr-3808	69	28	customer	customer	NOUN
fsr-3808	69	29	profitability	profitability	NOUN
fsr-3808	69	30	analysis	analysis	NOUN
fsr-3808	69	31	and	and	CCONJ
fsr-3808	69	32	present	present	ADJ
fsr-3808	69	33	value	value	NOUN
fsr-3808	69	34	loan	loan	NOUN
fsr-3808	69	35	pricing	pricing	NOUN
fsr-3808	69	36	.	.	PUNCT
fsr-3808	70	1	more	more	ADJ
fsr-3808	70	2	impor	impor	PROPN
fsr-3808	70	3	tantly	tantly	ADV
fsr-3808	70	4	,	,	PUNCT
fsr-3808	70	5	lown	lown	ADJ
fsr-3808	70	6	and	and	CCONJ
fsr-3808	70	7	peristiani	peristiani	PROPN
fsr-3808	70	8	(	(	PUNCT
fsr-3808	70	9	1996	1996	NUM
fsr-3808	70	10	)	)	PUNCT
fsr-3808	70	11	examine	examine	VERB
fsr-3808	70	12	the	the	DET
fsr-3808	70	13	loan	loan	NOUN
fsr-3808	70	14	pricing	pricing	NOUN
fsr-3808	70	15	behavior	behavior	NOUN
fsr-3808	70	16	of	of	ADP
fsr-3808	70	17	commercial	commercial	ADJ
fsr-3808	70	18	banks	bank	NOUN
fsr-3808	70	19	and	and	CCONJ
fsr-3808	70	20	report	report	VERB
fsr-3808	70	21	that	that	SCONJ
fsr-3808	70	22	the	the	DET
fsr-3808	70	23	average	average	ADJ
fsr-3808	70	24	consumer	consumer	NOUN
fsr-3808	70	25	borrowing	borrowing	NOUN
fsr-3808	70	26	rate	rate	NOUN
fsr-3808	70	27	is	be	AUX
fsr-3808	70	28	highly	highly	ADV
fsr-3808	70	29	eon'elated	eon'elate	VERB
fsr-3808	70	30	with	with	ADP
fsr-3808	70	31	treasury	treasury	NOUN
fsr-3808	70	32	rates	rate	NOUN
fsr-3808	70	33	.	.	PUNCT
fsr-3808	71	1	thus	thus	ADV
fsr-3808	71	2	,	,	PUNCT
fsr-3808	71	3	one	one	PRON
fsr-3808	71	4	expects	expect	VERB
fsr-3808	71	5	that	that	SCONJ
fsr-3808	71	6	in	in	ADP
fsr-3808	71	7	a	a	DET
fsr-3808	71	8	deregulated	deregulated	ADJ
fsr-3808	71	9	f'mancial	f'mancial	ADJ
fsr-3808	71	10	system	system	NOUN
fsr-3808	71	11	,	,	PUNCT
fsr-3808	71	12	the	the	DET
fsr-3808	71	13	cost	cost	NOUN
fsr-3808	71	14	-	-	PUNCT
fsr-3808	71	15	plus	plus	CCONJ
fsr-3808	71	16	loan	loan	NOUN
fsr-3808	71	17	-	-	PUNCT
fsr-3808	71	18	pricing	pricing	NOUN
fsr-3808	71	19	proposed	propose	VERB
fsr-3808	71	20	by	by	ADP
fsr-3808	71	21	rose	rose	NOUN
fsr-3808	71	22	has	have	VERB
fsr-3808	71	23	practical	practical	ADJ
fsr-3808	71	24	usefulness	usefulness	NOUN
fsr-3808	71	25	.	.	PUNCT
fsr-3808	72	1	with	with	ADP
fsr-3808	72	2	the	the	DET
fsr-3808	72	3	cost	cost	NOUN
fsr-3808	72	4	-	-	PUNCT
fsr-3808	72	5	plus	plus	CCONJ
fsr-3808	72	6	loan	loan	NOUN
fsr-3808	72	7	-	-	PUNCT
fsr-3808	72	8	pricing	pricing	NOUN
fsr-3808	72	9	method	method	NOUN
fsr-3808	72	10	,	,	PUNCT
fsr-3808	72	11	the	the	DET
fsr-3808	72	12	annual	annual	ADJ
fsr-3808	72	13	percentage	percentage	NOUN
fsr-3808	72	14	rate	rate	NOUN
fsr-3808	72	15	(	(	PUNCT
fsr-3808	72	16	apr	apr	NOUN
fsr-3808	72	17	)	)	PUNCT
fsr-3808	72	18	of	of	ADP
fsr-3808	72	19	interest	interest	NOUN
fsr-3808	72	20	is	be	AUX
fsr-3808	72	21	defined	define	VERB
fsr-3808	72	22	as	as	ADP
fsr-3808	72	23	:	:	PUNCT
fsr-3808	72	24	ratet	ratet	NOUN
fsr-3808	72	25	~0costt	~0costt	NOUN
fsr-3808	73	1	+	+	CCONJ
fsr-3808	73	2	fjlgt	fjlgt	NOUN
fsr-3808	73	3	+	+	CCONJ
fsr-3808	73	4	62	62	NUM
fsr-3808	73	5	rt	rt	NOUN
fsr-3808	73	6	+	+	CCONJ
fsr-3808	73	7	~3i	~3i	NOUN
fsr-3808	73	8	-	-	PUNCT
fsr-3808	73	9	lt	lt	PRON
fsr-3808	73	10	+	+	X
fsr-3808	73	11	et	et	NOUN
fsr-3808	73	12	(	(	PUNCT
fsr-3808	73	13	1	1	NUM
fsr-3808	73	14	)	)	PUNCT
fsr-3808	73	15	according	accord	VERB
fsr-3808	73	16	to	to	ADP
fsr-3808	73	17	rose	rise	VERB
fsr-3808	73	18	(	(	PUNCT
fsr-3808	73	19	1985	1985	NUM
fsr-3808	73	20	)	)	PUNCT
fsr-3808	73	21	,	,	PUNCT
fsr-3808	73	22	the	the	DET
fsr-3808	73	23	loan	loan	NOUN
fsr-3808	73	24	interest	interest	NOUN
fsr-3808	73	25	rate	rate	NOUN
fsr-3808	73	26	or	or	CCONJ
fsr-3808	73	27	apr	apr	NOUN
fsr-3808	73	28	(	(	PUNCT
fsr-3808	73	29	rater	rater	NOUN
fsr-3808	73	30	)	)	PUNCT
fsr-3808	73	31	is	be	AUX
fsr-3808	73	32	the	the	DET
fsr-3808	73	33	sum	sum	NOUN
fsr-3808	73	34	of	of	ADP
fsr-3808	73	35	the	the	DET
fsr-3808	73	36	marginal	marginal	ADJ
fsr-3808	73	37	cost	cost	NOUN
fsr-3808	73	38	of	of	ADP
fsr-3808	73	39	raising	raise	VERB
fsr-3808	73	40	loanable	loanable	ADJ
fsr-3808	73	41	funds	fund	NOUN
fsr-3808	73	42	(	(	PUNCT
fsr-3808	73	43	costt	costt	PROPN
fsr-3808	73	44	)	)	PUNCT
fsr-3808	73	45	,	,	PUNCT
fsr-3808	73	46	nonfunds	nonfund	VERB
fsr-3808	73	47	bank	bank	NOUN
fsr-3808	73	48	operating	operating	NOUN
fsr-3808	73	49	costs	cost	NOUN
fsr-3808	73	50	(	(	PUNCT
fsr-3808	73	51	kt	kt	PROPN
fsr-3808	73	52	)	)	PUNCT
fsr-3808	73	53	,	,	PUNCT
fsr-3808	73	54	esti	esti	PROPN
fsr-3808	73	55	56	56	NUM
fsr-3808	73	56	financial	financial	ADJ
fsr-3808	73	57	services	service	NOUN
fsr-3808	73	58	review	review	VERB
fsr-3808	73	59	6(1	6(1	NUM
fsr-3808	73	60	)	)	PUNCT
fsr-3808	73	61	1997	1997	NUM
fsr-3808	73	62	mated	mate	VERB
fsr-3808	73	63	margin	margin	NOUN
fsr-3808	73	64	to	to	PART
fsr-3808	73	65	protect	protect	VERB
fsr-3808	73	66	the	the	DET
fsr-3808	73	67	bank	bank	NOUN
fsr-3808	73	68	against	against	ADP
fsr-3808	73	69	default	default	NOUN
fsr-3808	73	70	risk	risk	NOUN
fsr-3808	73	71	(	(	PUNCT
fsr-3808	73	72	rt	rt	PROPN
fsr-3808	73	73	)	)	PUNCT
fsr-3808	73	74	and	and	CCONJ
fsr-3808	73	75	the	the	DET
fsr-3808	73	76	bank	bank	NOUN
fsr-3808	73	77	's	's	PART
fsr-3808	73	78	desired	desire	VERB
fsr-3808	73	79	profit	profit	NOUN
fsr-3808	73	80	mar	mar	PROPN
fsr-3808	73	81	gin	gin	NOUN
fsr-3808	73	82	(	(	PUNCT
fsr-3808	73	83	l'lt	l'lt	PROPN
fsr-3808	73	84	)	)	PUNCT
fsr-3808	73	85	.	.	PUNCT
fsr-3808	74	1	in	in	ADP
fsr-3808	74	2	a	a	DET
fsr-3808	74	3	comprehensive	comprehensive	ADJ
fsr-3808	74	4	analysis	analysis	NOUN
fsr-3808	74	5	of	of	ADP
fsr-3808	74	6	the	the	DET
fsr-3808	74	7	u.s	u.s	PROPN
fsr-3808	74	8	.	.	PROPN
fsr-3808	74	9	credit	credit	NOUN
fsr-3808	74	10	card	card	NOUN
fsr-3808	74	11	market	market	NOUN
fsr-3808	74	12	,	,	PUNCT
fsr-3808	74	13	ausubel	ausubel	PROPN
fsr-3808	74	14	(	(	PUNCT
fsr-3808	74	15	1991	1991	NUM
fsr-3808	74	16	)	)	PUNCT
fsr-3808	74	17	acknowledges	acknowledge	VERB
fsr-3808	74	18	the	the	DET
fsr-3808	74	19	apparent	apparent	ADJ
fsr-3808	74	20	stickiness	stickiness	NOUN
fsr-3808	74	21	in	in	ADP
fsr-3808	74	22	credit	credit	NOUN
fsr-3808	74	23	card	card	NOUN
fsr-3808	74	24	rates	rate	NOUN
fsr-3808	74	25	.	.	PUNCT
fsr-3808	75	1	he	he	PRON
fsr-3808	75	2	argues	argue	VERB
fsr-3808	75	3	that	that	SCONJ
fsr-3808	75	4	the	the	DET
fsr-3808	75	5	cost	cost	NOUN
fsr-3808	75	6	of	of	ADP
fsr-3808	75	7	funds	fund	NOUN
fsr-3808	75	8	should	should	AUX
fsr-3808	75	9	be	be	AUX
fsr-3808	75	10	the	the	DET
fsr-3808	75	11	primary	primary	ADJ
fsr-3808	75	12	determinant	determinant	NOUN
fsr-3808	75	13	of	of	ADP
fsr-3808	75	14	the	the	DET
fsr-3808	75	15	marginal	marginal	ADJ
fsr-3808	75	16	cost	cost	NOUN
fsr-3808	75	17	of	of	ADP
fsr-3808	75	18	lending	lend	VERB
fsr-3808	75	19	through	through	ADP
fsr-3808	75	20	credit	credit	NOUN
fsr-3808	75	21	cards	card	NOUN
fsr-3808	75	22	.	.	PUNCT
fsr-3808	76	1	the	the	DET
fsr-3808	76	2	intuition	intuition	NOUN
fsr-3808	76	3	behind	behind	ADP
fsr-3808	76	4	his	his	PRON
fsr-3808	76	5	model	model	NOUN
fsr-3808	76	6	is	be	AUX
fsr-3808	76	7	consistent	consistent	ADJ
fsr-3808	76	8	with	with	ADP
fsr-3808	76	9	the	the	DET
fsr-3808	76	10	aforementioned	aforementione	VERB
fsr-3808	76	11	rose	rose	NOUN
fsr-3808	76	12	's	's	PART
fsr-3808	76	13	pricing	pricing	NOUN
fsr-3808	76	14	model	model	NOUN
fsr-3808	76	15	.	.	PUNCT
fsr-3808	77	1	consequently	consequently	ADV
fsr-3808	77	2	,	,	PUNCT
fsr-3808	77	3	one	one	PRON
fsr-3808	77	4	expects	expect	VERB
fsr-3808	77	5	a	a	DET
fsr-3808	77	6	relatively	relatively	ADV
fsr-3808	77	7	high	high	ADJ
fsr-3808	77	8	level	level	NOUN
fsr-3808	77	9	of	of	ADP
fsr-3808	77	10	correlation	correlation	NOUN
fsr-3808	77	11	between	between	ADP
fsr-3808	77	12	the	the	DET
fsr-3808	77	13	interest	interest	NOUN
fsr-3808	77	14	rate	rate	NOUN
fsr-3808	77	15	charged	charge	VERB
fsr-3808	77	16	on	on	ADP
fsr-3808	77	17	credit	credit	NOUN
fsr-3808	77	18	cards	card	NOUN
fsr-3808	77	19	and	and	CCONJ
fsr-3808	77	20	the	the	DET
fsr-3808	77	21	bank	bank	NOUN
fsr-3808	77	22	's	's	PART
fsr-3808	77	23	cost	cost	NOUN
fsr-3808	77	24	of	of	ADP
fsr-3808	77	25	funds	fund	NOUN
fsr-3808	77	26	.	.	PUNCT
fsr-3808	78	1	ausubel	ausubel	PROPN
fsr-3808	78	2	reports	report	VERB
fsr-3808	78	3	that	that	SCONJ
fsr-3808	78	4	between	between	ADP
fsr-3808	78	5	1982	1982	NUM
fsr-3808	78	6	and	and	CCONJ
fsr-3808	78	7	1989	1989	NUM
fsr-3808	78	8	,	,	PUNCT
fsr-3808	78	9	the	the	DET
fsr-3808	78	10	volatility	volatility	NOUN
fsr-3808	78	11	of	of	ADP
fsr-3808	78	12	credit	credit	NOUN
fsr-3808	78	13	card	card	NOUN
fsr-3808	78	14	rates	rate	NOUN
fsr-3808	78	15	is	be	AUX
fsr-3808	78	16	less	less	ADJ
fsr-3808	78	17	than	than	ADP
fsr-3808	78	18	one	one	NUM
fsr-3808	78	19	-	-	PUNCT
fsr-3808	78	20	fifth	fifth	NOUN
fsr-3808	78	21	that	that	SCONJ
fsr-3808	78	22	of	of	ADP
fsr-3808	78	23	treasury	treasury	PROPN
fsr-3808	78	24	bills	bill	NOUN
fsr-3808	78	25	rate	rate	NOUN
fsr-3808	78	26	.	.	PUNCT
fsr-3808	79	1	the	the	DET
fsr-3808	79	2	same	same	ADJ
fsr-3808	79	3	sentiment	sentiment	NOUN
fsr-3808	79	4	has	have	AUX
fsr-3808	79	5	been	be	AUX
fsr-3808	79	6	expressed	express	VERB
fsr-3808	79	7	by	by	ADP
fsr-3808	79	8	demuth	demuth	NOUN
fsr-3808	79	9	(	(	PUNCT
fsr-3808	79	10	1986	1986	NUM
fsr-3808	79	11	)	)	PUNCT
fsr-3808	79	12	,	,	PUNCT
fsr-3808	79	13	pozdena	pozdena	NOUN
fsr-3808	79	14	(	(	PUNCT
fsr-3808	79	15	1991	1991	NUM
fsr-3808	79	16	)	)	PUNCT
fsr-3808	79	17	,	,	PUNCT
fsr-3808	79	18	sinkey	sinkey	NOUN
fsr-3808	79	19	(	(	PUNCT
fsr-3808	79	20	1992	1992	NUM
fsr-3808	79	21	)	)	PUNCT
fsr-3808	79	22	,	,	PUNCT
fsr-3808	79	23	mester	mester	NOUN
fsr-3808	79	24	(	(	PUNCT
fsr-3808	79	25	1993	1993	NUM
fsr-3808	79	26	)	)	PUNCT
fsr-3808	79	27	,	,	PUNCT
fsr-3808	79	28	and	and	CCONJ
fsr-3808	79	29	duca	duca	PROPN
fsr-3808	79	30	and	and	CCONJ
fsr-3808	79	31	whiteseh	whiteseh	PROPN
fsr-3808	79	32	(	(	PUNCT
fsr-3808	79	33	1995	1995	NUM
fsr-3808	79	34	)	)	PUNCT
fsr-3808	79	35	.	.	PUNCT
fsr-3808	80	1	ausubel	ausubel	PROPN
fsr-3808	80	2	(	(	PUNCT
fsr-3808	80	3	1991	1991	NUM
fsr-3808	80	4	)	)	PUNCT
fsr-3808	80	5	argues	argue	VERB
fsr-3808	80	6	that	that	SCONJ
fsr-3808	80	7	the	the	DET
fsr-3808	80	8	primary	primary	ADJ
fsr-3808	80	9	determinant	determinant	NOUN
fsr-3808	80	10	of	of	ADP
fsr-3808	80	11	credit	credit	NOUN
fsr-3808	80	12	card	card	NOUN
fsr-3808	80	13	rates	rate	NOUN
fsr-3808	80	14	is	be	AUX
fsr-3808	80	15	the	the	DET
fsr-3808	80	16	cost	cost	NOUN
fsr-3808	80	17	of	of	ADP
fsr-3808	80	18	funds	fund	NOUN
fsr-3808	80	19	to	to	PART
fsr-3808	80	20	card	card	VERB
fsr-3808	80	21	issuers	issuer	NOUN
fsr-3808	80	22	.	.	PUNCT
fsr-3808	81	1	he	he	PRON
fsr-3808	81	2	proceeds	proceed	VERB
fsr-3808	81	3	to	to	PART
fsr-3808	81	4	test	test	VERB
fsr-3808	81	5	the	the	DET
fsr-3808	81	6	responsiveness	responsiveness	NOUN
fsr-3808	81	7	of	of	ADP
fsr-3808	81	8	credit	credit	NOUN
fsr-3808	81	9	card	card	NOUN
fsr-3808	81	10	rates	rate	NOUN
fsr-3808	81	11	to	to	ADP
fsr-3808	81	12	changes	change	NOUN
fsr-3808	81	13	in	in	ADP
fsr-3808	81	14	the	the	DET
fsr-3808	81	15	cost	cost	NOUN
fsr-3808	81	16	of	of	ADP
fsr-3808	81	17	funds	fund	NOUN
fsr-3808	81	18	,	,	PUNCT
fsr-3808	81	19	defining	define	VERB
fsr-3808	81	20	the	the	DET
fsr-3808	81	21	cost	cost	NOUN
fsr-3808	81	22	of	of	ADP
fsr-3808	81	23	funds	fund	NOUN
fsr-3808	81	24	as	as	ADP
fsr-3808	81	25	the	the	DET
fsr-3808	81	26	quarterly	quarterly	ADJ
fsr-3808	81	27	one	one	NUM
fsr-3808	81	28	-	-	PUNCT
fsr-3808	81	29	year	year	NOUN
fsr-3808	81	30	treasury	treasury	NOUN
fsr-3808	81	31	-	-	PUNCT
fsr-3808	81	32	bill	bill	NOUN
fsr-3808	81	33	yield	yield	NOUN
fsr-3808	81	34	plus	plus	CCONJ
fsr-3808	81	35	75	75	NUM
fsr-3808	81	36	basis	basis	NOUN
fsr-3808	81	37	points	point	NOUN
fsr-3808	81	38	and	and	CCONJ
fsr-3808	81	39	concludes	conclude	VERB
fsr-3808	81	40	that	that	SCONJ
fsr-3808	81	41	credit	credit	NOUN
fsr-3808	81	42	card	card	NOUN
fsr-3808	81	43	rates	rate	NOUN
fsr-3808	81	44	are	be	AUX
fsr-3808	81	45	sticky	sticky	ADJ
fsr-3808	81	46	.	.	PUNCT
fsr-3808	82	1	he	he	PRON
fsr-3808	82	2	concludes	conclude	VERB
fsr-3808	82	3	that	that	SCONJ
fsr-3808	82	4	the	the	DET
fsr-3808	82	5	credit	credit	NOUN
fsr-3808	82	6	card	card	NOUN
fsr-3808	82	7	market	market	NOUN
fsr-3808	82	8	fails	fail	VERB
fsr-3808	82	9	to	to	PART
fsr-3808	82	10	pass	pass	VERB
fsr-3808	82	11	the	the	DET
fsr-3808	82	12	tests	test	NOUN
fsr-3808	82	13	of	of	ADP
fsr-3808	82	14	a	a	DET
fsr-3808	82	15	competitive	competitive	ADJ
fsr-3808	82	16	model	model	NOUN
fsr-3808	82	17	if	if	SCONJ
fsr-3808	82	18	one	one	NUM
fsr-3808	82	19	focnsses	focnsse	NOUN
fsr-3808	82	20	on	on	ADP
fsr-3808	82	21	price	price	NOUN
fsr-3808	82	22	responsiveness	responsiveness	NOUN
fsr-3808	82	23	to	to	ADP
fsr-3808	82	24	costs	cost	NOUN
fsr-3808	82	25	and	and	CCONJ
fsr-3808	82	26	zero	zero	NUM
fsr-3808	82	27	excess	excess	ADJ
fsr-3808	82	28	profits	profit	NOUN
fsr-3808	82	29	.	.	PUNCT
fsr-3808	83	1	furthermore	furthermore	ADV
fsr-3808	83	2	,	,	PUNCT
fsr-3808	83	3	the	the	DET
fsr-3808	83	4	author	author	NOUN
fsr-3808	83	5	suggests	suggest	VERB
fsr-3808	83	6	the	the	DET
fsr-3808	83	7	pres	pres	PROPN
fsr-3808	83	8	ence	ence	NOUN
fsr-3808	83	9	of	of	ADP
fsr-3808	83	10	adverse	adverse	ADJ
fsr-3808	83	11	selection	selection	NOUN
fsr-3808	83	12	problem	problem	NOUN
fsr-3808	83	13	,	,	PUNCT
fsr-3808	83	14	search	search	NOUN
fsr-3808	83	15	and/or	and/or	CCONJ
fsr-3808	83	16	switch	switch	VERB
fsr-3808	83	17	costs	cost	NOUN
fsr-3808	83	18	and	and	CCONJ
fsr-3808	83	19	consumer	consumer	NOUN
fsr-3808	83	20	irrationality	irrationality	NOUN
fsr-3808	83	21	in	in	ADP
fsr-3808	83	22	the	the	DET
fsr-3808	83	23	credit	credit	NOUN
fsr-3808	83	24	card	card	NOUN
fsr-3808	83	25	market	market	NOUN
fsr-3808	83	26	.	.	PUNCT
fsr-3808	84	1	the	the	DET
fsr-3808	84	2	credit	credit	NOUN
fsr-3808	84	3	card	card	NOUN
fsr-3808	84	4	industry	industry	NOUN
fsr-3808	84	5	is	be	AUX
fsr-3808	84	6	susceptible	susceptible	ADJ
fsr-3808	84	7	to	to	ADP
fsr-3808	84	8	both	both	PRON
fsr-3808	84	9	search	search	VERB
fsr-3808	84	10	and	and	CCONJ
fsr-3808	84	11	switch	switch	NOUN
fsr-3808	84	12	costs	cost	NOUN
fsr-3808	84	13	.	.	PUNCT
fsr-3808	85	1	the	the	DET
fsr-3808	85	2	costs	cost	NOUN
fsr-3808	85	3	include	include	VERB
fsr-3808	85	4	information	information	NOUN
fsr-3808	85	5	cost	cost	NOUN
fsr-3808	85	6	of	of	ADP
fsr-3808	85	7	discovering	discover	VERB
fsr-3808	85	8	which	which	PRON
fsr-3808	85	9	banks	bank	NOUN
fsr-3808	85	10	are	be	AUX
fsr-3808	85	11	offering	offer	VERB
fsr-3808	85	12	lower	low	ADJ
fsr-3808	85	13	interest	interest	NOUN
fsr-3808	85	14	rates	rate	NOUN
fsr-3808	85	15	,	,	PUNCT
fsr-3808	85	16	cost	cost	NOUN
fsr-3808	85	17	in	in	ADP
fsr-3808	85	18	time	time	NOUN
fsr-3808	85	19	,	,	PUNCT
fsr-3808	85	20	effort	effort	NOUN
fsr-3808	85	21	,	,	PUNCT
fsr-3808	85	22	and	and	CCONJ
fsr-3808	85	23	emotional	emotional	ADJ
fsr-3808	85	24	energy	energy	NOUN
fsr-3808	85	25	in	in	ADP
fsr-3808	85	26	filling	fill	VERB
fsr-3808	85	27	out	out	ADP
fsr-3808	85	28	an	an	DET
fsr-3808	85	29	application	application	NOUN
fsr-3808	85	30	for	for	ADP
fsr-3808	85	31	a	a	DET
fsr-3808	85	32	new	new	ADJ
fsr-3808	85	33	card	card	NOUN
fsr-3808	85	34	and	and	CCONJ
fsr-3808	85	35	the	the	DET
fsr-3808	85	36	time	time	NOUN
fsr-3808	85	37	lag	lag	VERB
fsr-3808	85	38	between	between	ADP
fsr-3808	85	39	applying	apply	VERB
fsr-3808	85	40	and	and	CCONJ
fsr-3808	85	41	receiving	receive	VERB
fsr-3808	85	42	one	one	NUM
fsr-3808	85	43	.	.	PUNCT
fsr-3808	86	1	the	the	DET
fsr-3808	86	2	fact	fact	NOUN
fsr-3808	86	3	that	that	SCONJ
fsr-3808	86	4	the	the	DET
fsr-3808	86	5	card	card	NOUN
fsr-3808	86	6	fee	fee	NOUN
fsr-3808	86	7	is	be	AUX
fsr-3808	86	8	usually	usually	ADV
fsr-3808	86	9	billed	bill	VERB
fsr-3808	86	10	on	on	ADP
fsr-3808	86	11	an	an	DET
fsr-3808	86	12	annual	annual	ADJ
fsr-3808	86	13	basis	basis	NOUN
fsr-3808	86	14	,	,	PUNCT
fsr-3808	86	15	so	so	SCONJ
fsr-3808	86	16	that	that	SCONJ
fsr-3808	86	17	if	if	SCONJ
fsr-3808	86	18	one	one	NUM
fsr-3808	86	19	switches	switch	VERB
fsr-3808	86	20	bank	bank	NOUN
fsr-3808	86	21	at	at	ADP
fsr-3808	86	22	the	the	DET
fsr-3808	86	23	wrong	wrong	ADJ
fsr-3808	86	24	time	time	NOUN
fsr-3808	86	25	,	,	PUNCT
fsr-3808	86	26	one	one	PRON
fsr-3808	86	27	forgoes	forgo	VERB
fsr-3808	86	28	some	some	DET
fsr-3808	86	29	money	money	NOUN
fsr-3808	86	30	.	.	PUNCT
fsr-3808	87	1	there	there	PRON
fsr-3808	87	2	is	be	VERB
fsr-3808	87	3	also	also	ADV
fsr-3808	87	4	the	the	DET
fsr-3808	87	5	perception	perception	NOUN
fsr-3808	87	6	that	that	SCONJ
fsr-3808	87	7	one	one	PRON
fsr-3808	87	8	acquires	acquire	VERB
fsr-3808	87	9	a	a	DET
fsr-3808	87	10	better	well	ADJ
fsr-3808	87	11	credit	credit	NOUN
fsr-3808	87	12	rating	rating	NOUN
fsr-3808	87	13	or	or	CCONJ
fsr-3808	87	14	a	a	DET
fsr-3808	87	15	higher	high	ADJ
fsr-3808	87	16	credit	credit	NOUN
fsr-3808	87	17	limit	limit	NOUN
fsr-3808	87	18	by	by	ADP
fsr-3808	87	19	holding	hold	VERB
fsr-3808	87	20	the	the	DET
fsr-3808	87	21	same	same	ADJ
fsr-3808	87	22	bank	bank	NOUN
fsr-3808	87	23	card	card	NOUN
fsr-3808	87	24	for	for	ADP
fsr-3808	87	25	a	a	DET
fsr-3808	87	26	longer	long	ADJ
fsr-3808	87	27	time	time	NOUN
fsr-3808	87	28	.	.	PUNCT
fsr-3808	88	1	calem	calem	NOUN
fsr-3808	88	2	and	and	CCONJ
fsr-3808	88	3	mester	mester	NOUN
fsr-3808	88	4	(	(	PUNCT
fsr-3808	88	5	1992	1992	NUM
fsr-3808	88	6	,	,	PUNCT
fsr-3808	88	7	1995	1995	NUM
fsr-3808	88	8	)	)	PUNCT
fsr-3808	88	9	analyze	analyze	VERB
fsr-3808	88	10	the	the	DET
fsr-3808	88	11	dilemma	dilemma	NOUN
fsr-3808	88	12	facing	face	VERB
fsr-3808	88	13	undisciplined	undisciplined	ADJ
fsr-3808	88	14	card	card	NOUN
fsr-3808	88	15	users	user	NOUN
fsr-3808	88	16	as	as	SCONJ
fsr-3808	88	17	follows	follow	VERB
fsr-3808	88	18	.	.	PUNCT
fsr-3808	89	1	they	they	PRON
fsr-3808	89	2	do	do	AUX
fsr-3808	89	3	not	not	PART
fsr-3808	89	4	intend	intend	VERB
fsr-3808	89	5	to	to	PART
fsr-3808	89	6	borrow	borrow	VERB
fsr-3808	89	7	on	on	ADP
fsr-3808	89	8	their	their	PRON
fsr-3808	89	9	cards	card	NOUN
fsr-3808	89	10	,	,	PUNCT
fsr-3808	89	11	but	but	CCONJ
fsr-3808	89	12	always	always	ADV
fsr-3808	89	13	find	find	VERB
fsr-3808	89	14	themselves	themselves	PRON
fsr-3808	89	15	in	in	ADP
fsr-3808	89	16	debt	debt	NOUN
fsr-3808	89	17	.	.	PUNCT
fsr-3808	90	1	once	once	ADV
fsr-3808	90	2	in	in	ADP
fsr-3808	90	3	debt	debt	NOUN
fsr-3808	90	4	,	,	PUNCT
fsr-3808	90	5	they	they	PRON
fsr-3808	90	6	believe	believe	VERB
fsr-3808	90	7	the	the	DET
fsr-3808	90	8	situation	situation	NOUN
fsr-3808	90	9	will	will	AUX
fsr-3808	90	10	be	be	AUX
fsr-3808	90	11	short	short	ADV
fsr-3808	90	12	-	-	PUNCT
fsr-3808	90	13	lived	live	VERB
fsr-3808	90	14	and	and	CCONJ
fsr-3808	90	15	consequently	consequently	ADV
fsr-3808	90	16	are	be	AUX
fsr-3808	90	17	not	not	PART
fsr-3808	90	18	moti	moti	PROPN
fsr-3808	90	19	vated	vate	VERB
fsr-3808	90	20	to	to	PART
fsr-3808	90	21	search	search	VERB
fsr-3808	90	22	.	.	PUNCT
fsr-3808	91	1	there	there	PRON
fsr-3808	91	2	are	be	VERB
fsr-3808	91	3	other	other	ADJ
fsr-3808	91	4	cardholders	cardholder	NOUN
fsr-3808	91	5	who	who	PRON
fsr-3808	91	6	are	be	AUX
fsr-3808	91	7	bad	bad	ADJ
fsr-3808	91	8	credit	credit	NOUN
fsr-3808	91	9	risks	risk	NOUN
fsr-3808	91	10	because	because	SCONJ
fsr-3808	91	11	they	they	PRON
fsr-3808	91	12	carry	carry	VERB
fsr-3808	91	13	substantial	substantial	ADJ
fsr-3808	91	14	amounts	amount	NOUN
fsr-3808	91	15	on	on	ADP
fsr-3808	91	16	their	their	PRON
fsr-3808	91	17	credit	credit	NOUN
fsr-3808	91	18	cards	card	NOUN
fsr-3808	91	19	and	and	CCONJ
fsr-3808	91	20	thus	thus	ADV
fsr-3808	91	21	have	have	VERB
fsr-3808	91	22	no	no	DET
fsr-3808	91	23	choice	choice	NOUN
fsr-3808	91	24	but	but	SCONJ
fsr-3808	91	25	to	to	PART
fsr-3808	91	26	hold	hold	VERB
fsr-3808	91	27	onto	onto	ADP
fsr-3808	91	28	their	their	PRON
fsr-3808	91	29	credit	credit	NOUN
fsr-3808	91	30	cards	card	NOUN
fsr-3808	91	31	.	.	PUNCT
fsr-3808	92	1	for	for	ADP
fsr-3808	92	2	this	this	DET
fsr-3808	92	3	group	group	NOUN
fsr-3808	92	4	of	of	ADP
fsr-3808	92	5	cardholders	cardholder	NOUN
fsr-3808	92	6	,	,	PUNCT
fsr-3808	92	7	it	it	PRON
fsr-3808	92	8	difficult	difficult	ADJ
fsr-3808	92	9	if	if	SCONJ
fsr-3808	92	10	not	not	PART
fsr-3808	92	11	impossible	impossible	ADJ
fsr-3808	92	12	to	to	PART
fsr-3808	92	13	switch	switch	VERB
fsr-3808	92	14	from	from	ADP
fsr-3808	92	15	one	one	NUM
fsr-3808	92	16	credit	credit	NOUN
fsr-3808	92	17	card	card	NOUN
fsr-3808	92	18	to	to	ADP
fsr-3808	92	19	another	another	PRON
fsr-3808	92	20	because	because	SCONJ
fsr-3808	92	21	of	of	ADP
fsr-3808	92	22	the	the	DET
fsr-3808	92	23	negative	negative	ADJ
fsr-3808	92	24	effect	effect	NOUN
fsr-3808	92	25	of	of	ADP
fsr-3808	92	26	existing	exist	VERB
fsr-3808	92	27	outstanding	outstanding	ADJ
fsr-3808	92	28	balances	balance	NOUN
fsr-3808	92	29	.	.	PUNCT
fsr-3808	93	1	while	while	SCONJ
fsr-3808	93	2	credit	credit	NOUN
fsr-3808	93	3	card	card	NOUN
fsr-3808	93	4	consumers	consumer	NOUN
fsr-3808	93	5	undoubtedly	undoubtedly	ADV
fsr-3808	93	6	face	face	VERB
fsr-3808	93	7	some	some	DET
fsr-3808	93	8	positive	positive	ADJ
fsr-3808	93	9	level	level	NOUN
fsr-3808	93	10	of	of	ADP
fsr-3808	93	11	search	search	NOUN
fsr-3808	93	12	and	and	CCONJ
fsr-3808	93	13	switch	switch	NOUN
fsr-3808	93	14	costs	cost	NOUN
fsr-3808	93	15	,	,	PUNCT
fsr-3808	93	16	there	there	PRON
fsr-3808	93	17	remains	remain	VERB
fsr-3808	93	18	an	an	DET
fsr-3808	93	19	empirical	empirical	ADJ
fsr-3808	93	20	question	question	NOUN
fsr-3808	93	21	as	as	ADP
fsr-3808	93	22	to	to	ADP
fsr-3808	93	23	whether	whether	SCONJ
fsr-3808	93	24	the	the	DET
fsr-3808	93	25	actual	actual	ADJ
fsr-3808	93	26	search	search	NOUN
fsr-3808	93	27	/	/	SYM
fsr-3808	93	28	switch	switch	NOUN
fsr-3808	93	29	costs	cost	NOUN
fsr-3808	93	30	are	be	AUX
fsr-3808	93	31	of	of	ADP
fsr-3808	93	32	sufficient	sufficient	ADJ
fsr-3808	93	33	magnitude	magnitude	NOUN
fsr-3808	93	34	to	to	PART
fsr-3808	93	35	justify	justify	VERB
fsr-3808	93	36	what	what	PRON
fsr-3808	93	37	is	be	AUX
fsr-3808	93	38	observed	observe	VERB
fsr-3808	93	39	.	.	PUNCT
fsr-3808	94	1	the	the	DET
fsr-3808	94	2	adverse	adverse	ADJ
fsr-3808	94	3	selection	selection	NOUN
fsr-3808	94	4	argument	argument	NOUN
fsr-3808	94	5	implies	imply	VERB
fsr-3808	94	6	that	that	SCONJ
fsr-3808	94	7	interest	interest	NOUN
fsr-3808	94	8	rate	rate	NOUN
fsr-3808	94	9	should	should	AUX
fsr-3808	94	10	not	not	PART
fsr-3808	94	11	be	be	AUX
fsr-3808	94	12	used	use	VERB
fsr-3808	94	13	as	as	ADP
fsr-3808	94	14	an	an	DET
fsr-3808	94	15	instrument	instrument	NOUN
fsr-3808	94	16	for	for	ADP
fsr-3808	94	17	competition	competition	NOUN
fsr-3808	94	18	since	since	SCONJ
fsr-3808	94	19	it	it	PRON
fsr-3808	94	20	becomes	become	VERB
fsr-3808	94	21	much	much	ADV
fsr-3808	94	22	more	more	ADV
fsr-3808	94	23	difficult	difficult	ADJ
fsr-3808	94	24	for	for	SCONJ
fsr-3808	94	25	credit	credit	NOUN
fsr-3808	94	26	card	card	NOUN
fsr-3808	94	27	issuers	issuer	NOUN
fsr-3808	94	28	to	to	PART
fsr-3808	94	29	compete	compete	VERB
fsr-3808	94	30	away	away	ADP
fsr-3808	94	31	profits	profit	NOUN
fsr-3808	94	32	.	.	PUNCT
fsr-3808	95	1	thus	thus	ADV
fsr-3808	95	2	,	,	PUNCT
fsr-3808	95	3	adverse	adverse	ADJ
fsr-3808	95	4	selection	selection	NOUN
fsr-3808	95	5	helps	help	VERB
fsr-3808	95	6	to	to	PART
fsr-3808	95	7	explain	explain	VERB
fsr-3808	95	8	the	the	DET
fsr-3808	95	9	observed	observe	VERB
fsr-3808	95	10	extraordinary	extraordinary	ADJ
fsr-3808	95	11	profits	profit	NOUN
fsr-3808	95	12	reported	report	VERB
fsr-3808	95	13	by	by	ADP
fsr-3808	95	14	most	most	ADJ
fsr-3808	95	15	of	of	ADP
fsr-3808	95	16	the	the	DET
fsr-3808	95	17	card	card	NOUN
fsr-3808	95	18	issuers	issuer	NOUN
fsr-3808	95	19	.	.	PUNCT
fsr-3808	96	1	mester	mester	NOUN
fsr-3808	96	2	(	(	PUNCT
fsr-3808	96	3	1993	1993	NUM
fsr-3808	96	4	)	)	PUNCT
fsr-3808	96	5	models	model	VERB
fsr-3808	96	6	a	a	DET
fsr-3808	96	7	consumer	consumer	NOUN
fsr-3808	96	8	credit	credit	NOUN
fsr-3808	96	9	market	market	NOUN
fsr-3808	96	10	in	in	ADP
fsr-3808	96	11	which	which	PRON
fsr-3808	96	12	banks	bank	NOUN
fsr-3808	96	13	use	use	VERB
fsr-3808	96	14	collateral	collateral	NOUN
fsr-3808	96	15	to	to	ADP
fsr-3808	96	16	screen	screen	NOUN
fsr-3808	96	17	borrowers	borrower	NOUN
fsr-3808	96	18	.	.	PUNCT
fsr-3808	97	1	in	in	ADP
fsr-3808	97	2	her	her	PRON
fsr-3808	97	3	model	model	NOUN
fsr-3808	97	4	credit	credit	NOUN
fsr-3808	97	5	card	card	NOUN
fsr-3808	97	6	rates	rate	NOUN
fsr-3808	97	7	stickiness	stickiness	NOUN
fsr-3808	97	8	is	be	AUX
fsr-3808	97	9	shown	show	VERB
fsr-3808	97	10	to	to	PART
fsr-3808	97	11	be	be	AUX
fsr-3808	97	12	consistent	consistent	ADJ
fsr-3808	97	13	with	with	ADP
fsr-3808	97	14	rational	rational	ADJ
fsr-3808	97	15	behavior	behavior	NOUN
fsr-3808	97	16	on	on	ADP
fsr-3808	97	17	the	the	DET
fsr-3808	97	18	part	part	NOUN
fsr-3808	97	19	of	of	ADP
fsr-3808	97	20	issuers	issuer	NOUN
fsr-3808	97	21	.	.	PUNCT
fsr-3808	98	1	mester	mester	PROPN
fsr-3808	98	2	's	's	PART
fsr-3808	98	3	model	model	NOUN
fsr-3808	98	4	incorporates	incorporate	VERB
fsr-3808	98	5	asymmetric	asymmetric	ADJ
fsr-3808	98	6	information	information	NOUN
fsr-3808	98	7	between	between	ADP
fsr-3808	98	8	consumers	consumer	NOUN
fsr-3808	98	9	and	and	CCONJ
fsr-3808	98	10	banks	bank	NOUN
fsr-3808	98	11	,	,	PUNCT
fsr-3808	98	12	regarding	regard	VERB
fsr-3808	98	13	consumers	consumer	NOUN
fsr-3808	98	14	"	"	PUNCT
fsr-3808	98	15	future	future	ADJ
fsr-3808	98	16	incomes	income	NOUN
fsr-3808	98	17	.	.	PUNCT
fsr-3808	99	1	the	the	DET
fsr-3808	99	2	model	model	NOUN
fsr-3808	99	3	offers	offer	VERB
fsr-3808	99	4	an	an	DET
fsr-3808	99	5	explanation	explanation	NOUN
fsr-3808	99	6	why	why	SCONJ
fsr-3808	99	7	low	low	ADJ
fsr-3808	99	8	-	-	PUNCT
fsr-3808	99	9	risk	risk	NOUN
fsr-3808	99	10	consumers	consumer	NOUN
fsr-3808	99	11	select	select	VERB
fsr-3808	99	12	collateralized	collateralized	ADJ
fsr-3808	99	13	loans	loan	NOUN
fsr-3808	99	14	while	while	SCONJ
fsr-3808	99	15	high	high	ADJ
fsr-3808	99	16	-	-	PUNCT
fsr-3808	99	17	risk	risk	NOUN
fsr-3808	99	18	consumers	consumer	NOUN
fsr-3808	99	19	select	select	VERB
fsr-3808	99	20	credit	credit	NOUN
fsr-3808	99	21	card	card	NOUN
fsr-3808	99	22	loan	loan	NOUN
fsr-3808	99	23	.	.	PUNCT
fsr-3808	100	1	more	more	ADV
fsr-3808	100	2	importantly	importantly	ADV
fsr-3808	100	3	,	,	PUNCT
fsr-3808	100	4	the	the	DET
fsr-3808	100	5	recent	recent	ADJ
fsr-3808	100	6	movements	movement	NOUN
fsr-3808	100	7	in	in	ADP
fsr-3808	100	8	rates	rate	NOUN
fsr-3808	100	9	and	and	CCONJ
fsr-3808	100	10	the	the	DET
fsr-3808	100	11	move	move	NOUN
fsr-3808	100	12	of	of	ADP
fsr-3808	100	13	creditworthy	creditworthy	ADJ
fsr-3808	100	14	customers	customer	NOUN
fsr-3808	100	15	to	to	ADP
fsr-3808	100	16	collateralized	collateralized	ADJ
fsr-3808	100	17	loans	loan	NOUN
fsr-3808	100	18	is	be	AUX
fsr-3808	100	19	said	say	VERB
fsr-3808	100	20	to	to	PART
fsr-3808	100	21	be	be	AUX
fsr-3808	100	22	consistent	consistent	ADJ
fsr-3808	100	23	with	with	ADP
fsr-3808	100	24	rational	rational	ADJ
fsr-3808	100	25	behavior	behavior	NOUN
fsr-3808	100	26	.	.	PUNCT
fsr-3808	101	1	sticky	sticky	ADJ
fsr-3808	101	2	credit	credit	NOUN
fsr-3808	101	3	card	card	NOUN
fsr-3808	101	4	rates	rate	NOUN
fsr-3808	101	5	57	57	NUM
fsr-3808	101	6	iv	iv	NOUN
fsr-3808	101	7	.	.	PUNCT
fsr-3808	101	8	data	datum	NOUN
fsr-3808	101	9	and	and	CCONJ
fsr-3808	101	10	methodology	methodology	NOUN
fsr-3808	101	11	a	a	PRON
fsr-3808	101	12	)	)	PUNCT
fsr-3808	101	13	data	datum	NOUN
fsr-3808	101	14	the	the	DET
fsr-3808	101	15	data	datum	NOUN
fsr-3808	101	16	used	use	VERB
fsr-3808	101	17	in	in	ADP
fsr-3808	101	18	this	this	DET
fsr-3808	101	19	study	study	NOUN
fsr-3808	101	20	are	be	AUX
fsr-3808	101	21	the	the	DET
fsr-3808	101	22	credit	credit	NOUN
fsr-3808	101	23	card	card	NOUN
fsr-3808	101	24	rates	rate	NOUN
fsr-3808	101	25	(	(	PUNCT
fsr-3808	101	26	rate	rate	NOUN
fsr-3808	101	27	,	,	PUNCT
fsr-3808	101	28	)	)	PUNCT
fsr-3808	101	29	and	and	CCONJ
fsr-3808	101	30	treasury	treasury	PROPN
fsr-3808	101	31	bill	bill	NOUN
fsr-3808	101	32	rates	rate	NOUN
fsr-3808	101	33	for	for	ADP
fsr-3808	101	34	february	february	PROPN
fsr-3808	101	35	,	,	PUNCT
fsr-3808	101	36	may	may	AUX
fsr-3808	101	37	,	,	PUNCT
fsr-3808	101	38	august	august	PROPN
fsr-3808	101	39	and	and	CCONJ
fsr-3808	101	40	november	november	PROPN
fsr-3808	101	41	each	each	DET
fsr-3808	101	42	year	year	NOUN
fsr-3808	101	43	from	from	ADP
fsr-3808	101	44	august	august	PROPN
fsr-3808	101	45	1982	1982	NUM
fsr-3808	101	46	through	through	ADP
fsr-3808	101	47	august	august	PROPN
fsr-3808	101	48	1994	1994	NUM
fsr-3808	101	49	as	as	SCONJ
fsr-3808	101	50	reported	report	VERB
fsr-3808	101	51	in	in	ADP
fsr-3808	101	52	the	the	DET
fsr-3808	101	53	federal	federal	PROPN
fsr-3808	101	54	reserve	reserve	PROPN
fsr-3808	101	55	bulletin	bulletin	NOUN
fsr-3808	101	56	.	.	PUNCT
fsr-3808	102	1	in	in	ADP
fsr-3808	102	2	order	order	NOUN
fsr-3808	102	3	to	to	PART
fsr-3808	102	4	define	define	VERB
fsr-3808	102	5	a	a	DET
fsr-3808	102	6	proxy	proxy	NOUN
fsr-3808	102	7	for	for	ADP
fsr-3808	102	8	cost	cost	NOUN
fsr-3808	102	9	of	of	ADP
fsr-3808	102	10	funds	fund	NOUN
fsr-3808	102	11	(	(	PUNCT
fsr-3808	102	12	costt	costt	PROPN
fsr-3808	102	13	)	)	PUNCT
fsr-3808	102	14	,	,	PUNCT
fsr-3808	102	15	i	i	PRON
fsr-3808	102	16	added	add	VERB
fsr-3808	102	17	75	75	NUM
fsr-3808	102	18	basis	basis	NOUN
fsr-3808	102	19	points	point	NOUN
fsr-3808	102	20	to	to	ADP
fsr-3808	102	21	the	the	DET
fsr-3808	102	22	respective	respective	ADJ
fsr-3808	102	23	one	one	NUM
fsr-3808	102	24	-	-	PUNCT
fsr-3808	102	25	year	year	NOUN
fsr-3808	102	26	treasury	treasury	NOUN
fsr-3808	102	27	bill	bill	NOUN
fsr-3808	102	28	rates	rate	NOUN
fsr-3808	102	29	.	.	PUNCT
fsr-3808	103	1	calem	calem	NOUN
fsr-3808	103	2	and	and	CCONJ
fsr-3808	103	3	mester	mester	NOUN
fsr-3808	103	4	(	(	PUNCT
fsr-3808	103	5	1995	1995	NUM
fsr-3808	103	6	)	)	PUNCT
fsr-3808	103	7	and	and	CCONJ
fsr-3808	103	8	stavins	stavin	NOUN
fsr-3808	103	9	(	(	PUNCT
fsr-3808	103	10	1996	1996	NUM
fsr-3808	103	11	)	)	PUNCT
fsr-3808	103	12	report	report	NOUN
fsr-3808	103	13	results	result	NOUN
fsr-3808	103	14	indicating	indicate	VERB
fsr-3808	103	15	the	the	DET
fsr-3808	103	16	appro	appro	ADJ
fsr-3808	103	17	priateness	priateness	NOUN
fsr-3808	103	18	of	of	ADP
fsr-3808	103	19	the	the	DET
fsr-3808	103	20	treasury	treasury	NOUN
fsr-3808	103	21	bill	bill	NOUN
fsr-3808	103	22	rate	rate	NOUN
fsr-3808	103	23	as	as	ADP
fsr-3808	103	24	a	a	DET
fsr-3808	103	25	proxy	proxy	NOUN
fsr-3808	103	26	for	for	ADP
fsr-3808	103	27	cost	cost	NOUN
fsr-3808	103	28	of	of	ADP
fsr-3808	103	29	funds	fund	NOUN
fsr-3808	103	30	.	.	PUNCT
fsr-3808	104	1	more	more	ADV
fsr-3808	104	2	importantly	importantly	ADV
fsr-3808	104	3	,	,	PUNCT
fsr-3808	104	4	ausubel	ausubel	PROPN
fsr-3808	104	5	's	's	PART
fsr-3808	104	6	(	(	PUNCT
fsr-3808	104	7	1991	1991	NUM
fsr-3808	104	8	)	)	PUNCT
fsr-3808	104	9	results	result	NOUN
fsr-3808	104	10	suggest	suggest	VERB
fsr-3808	104	11	that	that	SCONJ
fsr-3808	104	12	credit	credit	NOUN
fsr-3808	104	13	-	-	PUNCT
fsr-3808	104	14	card	card	NOUN
fsr-3808	104	15	-	-	PUNCT
fsr-3808	104	16	backed	back	VERB
fsr-3808	104	17	securities	security	NOUN
fsr-3808	104	18	have	have	VERB
fsr-3808	104	19	yields	yield	NOUN
fsr-3808	104	20	in	in	ADP
fsr-3808	104	21	the	the	DET
fsr-3808	104	22	vicinity	vicinity	NOUN
fsr-3808	104	23	of	of	ADP
fsr-3808	104	24	75	75	NUM
fsr-3808	104	25	basis	basis	NOUN
fsr-3808	104	26	points	point	NOUN
fsr-3808	104	27	above	above	ADP
fsr-3808	104	28	those	those	PRON
fsr-3808	104	29	of	of	ADP
fsr-3808	104	30	treasury	treasury	PROPN
fsr-3808	104	31	seeurities	seeuritie	NOUN
fsr-3808	104	32	with	with	ADP
fsr-3808	104	33	comparable	comparable	ADJ
fsr-3808	104	34	maturi	maturi	PROPN
fsr-3808	104	35	ties	tie	NOUN
fsr-3808	104	36	between	between	ADP
fsr-3808	104	37	1987	1987	NUM
fsr-3808	104	38	and	and	CCONJ
fsr-3808	104	39	1989	1989	NUM
fsr-3808	104	40	.	.	PUNCT
fsr-3808	105	1	b	b	X
fsr-3808	105	2	)	)	PUNCT
fsr-3808	105	3	cointegrafion	cointegrafion	NOUN
fsr-3808	105	4	test	test	NOUN
fsr-3808	105	5	and	and	CCONJ
fsr-3808	105	6	error	error	NOUN
fsr-3808	105	7	correction	correction	NOUN
fsr-3808	105	8	model	model	VERB
fsr-3808	105	9	the	the	DET
fsr-3808	105	10	two	two	NUM
fsr-3808	105	11	major	major	ADJ
fsr-3808	105	12	econometric	econometric	ADJ
fsr-3808	105	13	tests	test	NOUN
fsr-3808	105	14	used	use	VERB
fsr-3808	105	15	in	in	ADP
fsr-3808	105	16	this	this	DET
fsr-3808	105	17	study	study	NOUN
fsr-3808	105	18	are	be	AUX
fsr-3808	105	19	cointegration	cointegration	NOUN
fsr-3808	105	20	test	test	NOUN
fsr-3808	105	21	and	and	CCONJ
fsr-3808	105	22	error	error	NOUN
fsr-3808	105	23	cor	cor	PROPN
fsr-3808	105	24	rection	rection	PROPN
fsr-3808	105	25	model	model	PROPN
fsr-3808	105	26	(	(	PUNCT
fsr-3808	105	27	ecm	ecm	PROPN
fsr-3808	105	28	)	)	PUNCT
fsr-3808	105	29	.	.	PUNCT
fsr-3808	106	1	prior	prior	ADV
fsr-3808	106	2	to	to	ADP
fsr-3808	106	3	the	the	DET
fsr-3808	106	4	appfication	appfication	NOUN
fsr-3808	106	5	of	of	ADP
fsr-3808	106	6	these	these	DET
fsr-3808	106	7	techniques	technique	NOUN
fsr-3808	106	8	,	,	PUNCT
fsr-3808	106	9	the	the	DET
fsr-3808	106	10	stationarity	stationarity	NOUN
fsr-3808	106	11	charac	charac	NOUN
fsr-3808	106	12	teristics	teristic	NOUN
fsr-3808	106	13	of	of	ADP
fsr-3808	106	14	the	the	DET
fsr-3808	106	15	time	time	NOUN
fsr-3808	106	16	series	series	PROPN
fsr-3808	106	17	data	datum	NOUN
fsr-3808	106	18	are	be	AUX
fsr-3808	106	19	established	establish	VERB
fsr-3808	106	20	by	by	ADP
fsr-3808	106	21	applying	apply	VERB
fsr-3808	106	22	the	the	DET
fsr-3808	106	23	augmented	augment	VERB
fsr-3808	106	24	dickey	dickey	NOUN
fsr-3808	106	25	-	-	PUNCT
fsr-3808	106	26	fuller	full	ADJ
fsr-3808	106	27	(	(	PUNCT
fsr-3808	106	28	adf	adf	NOUN
fsr-3808	106	29	)	)	PUNCT
fsr-3808	106	30	,	,	PUNCT
fsr-3808	106	31	phillips	phillips	PROPN
fsr-3808	106	32	-	-	PUNCT
fsr-3808	106	33	perron	perron	PROPN
fsr-3808	106	34	(	(	PUNCT
fsr-3808	106	35	p	p	NOUN
fsr-3808	106	36	-	-	PUNCT
fsr-3808	106	37	p	p	NOUN
fsr-3808	106	38	)	)	PUNCT
fsr-3808	106	39	,	,	PUNCT
fsr-3808	106	40	and	and	CCONJ
fsr-3808	106	41	the	the	DET
fsr-3808	106	42	kwiatkowski	kwiatkowski	PROPN
fsr-3808	106	43	-	-	PUNCT
fsr-3808	106	44	phillips	phillip	NOUN
fsr-3808	106	45	-	-	PUNCT
fsr-3808	106	46	schmidt	schmidt	ADJ
fsr-3808	106	47	-	-	PUNCT
fsr-3808	106	48	shin	shin	NOUN
fsr-3808	106	49	(	(	PUNCT
fsr-3808	106	50	kpss	kpss	PROPN
fsr-3808	106	51	)	)	PUNCT
fsr-3808	106	52	tests	test	NOUN
fsr-3808	106	53	.	.	PUNCT
fsr-3808	107	1	these	these	DET
fsr-3808	107	2	three	three	NUM
fsr-3808	107	3	tests	test	NOUN
fsr-3808	107	4	are	be	AUX
fsr-3808	107	5	applied	apply	VERB
fsr-3808	107	6	to	to	PART
fsr-3808	107	7	determine	determine	VERB
fsr-3808	107	8	the	the	DET
fsr-3808	107	9	consistency	consistency	NOUN
fsr-3808	107	10	of	of	ADP
fsr-3808	107	11	the	the	DET
fsr-3808	107	12	results	result	NOUN
fsr-3808	107	13	therefrom	therefrom	NOUN
fsr-3808	107	14	.	.	PUNCT
fsr-3808	108	1	two	two	NUM
fsr-3808	108	2	of	of	ADP
fsr-3808	108	3	the	the	DET
fsr-3808	108	4	aforementioned	aforementioned	ADJ
fsr-3808	108	5	unit	unit	NOUN
fsr-3808	108	6	root	root	NOUN
fsr-3808	108	7	tests	test	NOUN
fsr-3808	108	8	(	(	PUNCT
fsr-3808	108	9	adf	adf	NOUN
fsr-3808	108	10	and	and	CCONJ
fsr-3808	108	11	p	p	NOUN
fsr-3808	108	12	-	-	PUNCT
fsr-3808	108	13	p	p	X
fsr-3808	108	14	)	)	PUNCT
fsr-3808	108	15	are	be	AUX
fsr-3808	108	16	performed	perform	VERB
fsr-3808	108	17	on	on	ADP
fsr-3808	108	18	the	the	DET
fsr-3808	108	19	autoregressive	autoregressive	ADJ
fsr-3808	108	20	equation	equation	NOUN
fsr-3808	108	21	2	2	NUM
fsr-3808	108	22	.	.	PUNCT
fsr-3808	109	1	the	the	DET
fsr-3808	109	2	lag	lag	NOUN
fsr-3808	109	3	selection	selection	NOUN
fsr-3808	109	4	is	be	AUX
fsr-3808	109	5	done	do	VERB
fsr-3808	109	6	by	by	ADP
fsr-3808	109	7	applying	apply	VERB
fsr-3808	109	8	the	the	DET
fsr-3808	109	9	modified	modify	VERB
fsr-3808	109	10	akaike	akaike	ADJ
fsr-3808	109	11	information	information	NOUN
fsr-3808	109	12	crite	crite	NOUN
fsr-3808	109	13	rion	rion	NOUN
fsr-3808	109	14	(	(	PUNCT
fsr-3808	109	15	maic	maic	PROPN
fsr-3808	109	16	)	)	PUNCT
fsr-3808	109	17	.	.	PUNCT
fsr-3808	110	1	the	the	DET
fsr-3808	110	2	cointegration	cointegration	NOUN
fsr-3808	110	3	method	method	NOUN
fsr-3808	110	4	assumes	assume	VERB
fsr-3808	110	5	that	that	SCONJ
fsr-3808	110	6	ff	ff	VERB
fsr-3808	110	7	the	the	DET
fsr-3808	110	8	two	two	NUM
fsr-3808	110	9	variables	variable	NOUN
fsr-3808	110	10	rate	rate	NOUN
fsr-3808	110	11	t	t	PROPN
fsr-3808	110	12	and	and	CCONJ
fsr-3808	110	13	cost	cost	VERB
fsr-3808	110	14	t	t	PROPN
fsr-3808	110	15	contain	contain	VERB
fsr-3808	110	16	some	some	DET
fsr-3808	110	17	stochastic	stochastic	ADJ
fsr-3808	110	18	trend	trend	NOUN
fsr-3808	110	19	,	,	PUNCT
fsr-3808	110	20	each	each	PRON
fsr-3808	110	21	can	can	AUX
fsr-3808	110	22	be	be	AUX
fsr-3808	110	23	described	describe	VERB
fsr-3808	110	24	as	as	ADP
fsr-3808	110	25	an	an	DET
fsr-3808	110	26	integrated	integrated	ADJ
fsr-3808	110	27	variable	variable	NOUN
fsr-3808	110	28	.	.	PUNCT
fsr-3808	111	1	furthermore	furthermore	ADV
fsr-3808	111	2	,	,	PUNCT
fsr-3808	111	3	if	if	SCONJ
fsr-3808	111	4	a	a	DET
fsr-3808	111	5	linear	linear	ADJ
fsr-3808	111	6	combination	combination	NOUN
fsr-3808	111	7	,	,	PUNCT
fsr-3808	111	8	(	(	PUNCT
fsr-3808	111	9	say	say	INTJ
fsr-3808	111	10	,	,	PUNCT
fsr-3808	111	11	rate	rate	NOUN
fsr-3808	111	12	t	t	PROPN
fsr-3808	111	13	txcostt	txcostt	PROPN
fsr-3808	111	14	,	,	PUNCT
fsr-3808	111	15	)	)	PUNCT
fsr-3808	111	16	is	be	AUX
fsr-3808	111	17	stationary	stationary	ADJ
fsr-3808	111	18	,	,	PUNCT
fsr-3808	111	19	the	the	DET
fsr-3808	111	20	two	two	NUM
fsr-3808	111	21	variables	variable	NOUN
fsr-3808	111	22	are	be	AUX
fsr-3808	111	23	said	say	VERB
fsr-3808	111	24	to	to	PART
fsr-3808	111	25	be	be	AUX
fsr-3808	111	26	cointegrated	cointegrate	VERB
fsr-3808	111	27	.	.	PUNCT
fsr-3808	112	1	as	as	SCONJ
fsr-3808	112	2	noted	note	VERB
fsr-3808	112	3	earlier	early	ADV
fsr-3808	112	4	,	,	PUNCT
fsr-3808	112	5	the	the	DET
fsr-3808	112	6	adf	adf	PROPN
fsr-3808	112	7	,	,	PUNCT
fsr-3808	112	8	p	p	NOUN
fsr-3808	112	9	-	-	PUNCT
fsr-3808	112	10	p	p	X
fsr-3808	112	11	,	,	PUNCT
fsr-3808	112	12	and	and	CCONJ
fsr-3808	112	13	kpss	kpss	PROPN
fsr-3808	112	14	tests	test	NOUN
fsr-3808	112	15	are	be	AUX
fsr-3808	112	16	used	use	VERB
fsr-3808	112	17	to	to	PART
fsr-3808	112	18	establish	establish	VERB
fsr-3808	112	19	the	the	DET
fsr-3808	112	20	sta	sta	NOUN
fsr-3808	112	21	tionarity	tionarity	NOUN
fsr-3808	112	22	characteristics	characteristic	NOUN
fsr-3808	112	23	of	of	ADP
fsr-3808	112	24	each	each	DET
fsr-3808	112	25	data	datum	NOUN
fsr-3808	112	26	series	series	NOUN
fsr-3808	112	27	prior	prior	ADV
fsr-3808	112	28	to	to	ADP
fsr-3808	112	29	the	the	DET
fsr-3808	112	30	application	application	NOUN
fsr-3808	112	31	of	of	ADP
fsr-3808	112	32	the	the	DET
fsr-3808	112	33	cointegration	cointegration	NOUN
fsr-3808	112	34	method	method	NOUN
fsr-3808	112	35	.	.	PUNCT
fsr-3808	113	1	the	the	DET
fsr-3808	113	2	adf	adf	PROPN
fsr-3808	113	3	and	and	CCONJ
fsr-3808	113	4	p	p	NOUN
fsr-3808	113	5	-	-	PUNCT
fsr-3808	113	6	p	p	NOUN
fsr-3808	113	7	tests	test	NOUN
fsr-3808	113	8	are	be	AUX
fsr-3808	113	9	performed	perform	VERB
fsr-3808	113	10	on	on	ADP
fsr-3808	113	11	the	the	DET
fsr-3808	113	12	following	follow	VERB
fsr-3808	113	13	equation	equation	NOUN
fsr-3808	113	14	:	:	PUNCT
fsr-3808	113	15	q	q	PROPN
fsr-3808	113	16	att	att	PROPN
fsr-3808	113	17	-~	-~	PROPN
fsr-3808	113	18	t	t	PROPN
fsr-3808	113	19	+	+	CCONJ
fsr-3808	113	20	pz	pz	PROPN
fsr-3808	113	21	t	t	PROPN
fsr-3808	113	22	_	_	PROPN
fsr-3808	114	1	l	l	NOUN
fsr-3808	115	1	+	+	PUNCT
fsr-3808	115	2	~	~	PUNCT
fsr-3808	115	3	~i	~i	PUNCT
fsr-3808	115	4	~	~	PUNCT
fsr-3808	115	5	kzti	kzti	ADJ
fsr-3808	115	6	+	+	CCONJ
fsr-3808	115	7	et	et	NOUN
fsr-3808	115	8	(	(	PUNCT
fsr-3808	115	9	2	2	NUM
fsr-3808	115	10	)	)	PUNCT
fsr-3808	115	11	i	i	NOUN
fsr-3808	115	12	=	=	NOUN
fsr-3808	115	13	1	1	NUM
fsr-3808	115	14	where	where	SCONJ
fsr-3808	115	15	a	a	DET
fsr-3808	115	16	(	(	PUNCT
fsr-3808	115	17	l	l	NOUN
fsr-3808	115	18	l	l	NOUN
fsr-3808	115	19	)	)	PUNCT
fsr-3808	115	20	e.g.	e.g.	ADV
fsr-3808	115	21	ztffi(1	ztffi(1	NOUN
fsr-3808	115	22	-	-	NOUN
fsr-3808	115	23	l)z	l)z	NOUN
fsr-3808	115	24	,	,	PUNCT
fsr-3808	115	25	f	f	PROPN
fsr-3808	115	26	z	z	PROPN
fsr-3808	115	27	,	,	PUNCT
fsr-3808	115	28	z	z	NOUN
fsr-3808	115	29	t	t	NOUN
fsr-3808	115	30	_	_	PUNCT
fsr-3808	115	31	1	1	NUM
fsr-3808	115	32	zt	zt	PROPN
fsr-3808	115	33	=	=	PUNCT
fsr-3808	115	34	series	series	PROPN
fsr-3808	115	35	under	under	ADP
fsr-3808	115	36	consideration	consideration	NOUN
fsr-3808	115	37	;	;	PUNCT
fsr-3808	115	38	t	t	NOUN
fsr-3808	115	39	=	=	PUNCT
fsr-3808	115	40	time	time	NOUN
fsr-3808	115	41	trend	trend	NOUN
fsr-3808	115	42	;	;	PUNCT
fsr-3808	115	43	and	and	CCONJ
fsr-3808	115	44	q	q	X
fsr-3808	115	45	=	=	NOUN
fsr-3808	115	46	the	the	DET
fsr-3808	115	47	lag	lag	NOUN
fsr-3808	115	48	is	be	AUX
fsr-3808	115	49	chosen	choose	VERB
fsr-3808	115	50	such	such	ADJ
fsr-3808	115	51	that	that	SCONJ
fsr-3808	115	52	it	it	PRON
fsr-3808	115	53	is	be	AUX
fsr-3808	115	54	large	large	ADJ
fsr-3808	115	55	enough	enough	ADV
fsr-3808	115	56	to	to	PART
fsr-3808	115	57	ensure	ensure	VERB
fsr-3808	115	58	that	that	SCONJ
fsr-3808	115	59	e	e	PROPN
fsr-3808	115	60	t	t	PROPN
fsr-3808	115	61	is	be	AUX
fsr-3808	115	62	white	white	ADJ
fsr-3808	115	63	noise	noise	NOUN
fsr-3808	115	64	.	.	PUNCT
fsr-3808	116	1	in	in	ADP
fsr-3808	116	2	equation	equation	NOUN
fsr-3808	116	3	2	2	NUM
fsr-3808	116	4	above	above	ADV
fsr-3808	116	5	,	,	PUNCT
fsr-3808	116	6	engle	engle	NOUN
fsr-3808	116	7	and	and	CCONJ
fsr-3808	116	8	yoo	yoo	PROPN
fsr-3808	116	9	(	(	PUNCT
fsr-3808	116	10	1987	1987	NUM
fsr-3808	116	11	)	)	PUNCT
fsr-3808	117	1	suggest	suggest	VERB
fsr-3808	117	2	the	the	DET
fsr-3808	117	3	use	use	NOUN
fsr-3808	117	4	of	of	ADP
fsr-3808	117	5	modified	modify	VERB
fsr-3808	117	6	akaike	akaike	ADP
fsr-3808	117	7	infor	infor	PROPN
fsr-3808	117	8	.	.	PUNCT
fsr-3808	118	1	marion	marion	PROPN
fsr-3808	118	2	criterion	criterion	NOUN
fsr-3808	118	3	(	(	PUNCT
fsr-3808	118	4	maic	maic	PROPN
fsr-3808	118	5	)	)	PUNCT
fsr-3808	118	6	in	in	ADP
fsr-3808	118	7	order	order	NOUN
fsr-3808	118	8	to	to	PART
fsr-3808	118	9	choose	choose	VERB
fsr-3808	118	10	the	the	DET
fsr-3808	118	11	optimal	optimal	ADJ
fsr-3808	118	12	q.	q.	NOUN
fsr-3808	118	13	the	the	DET
fsr-3808	118	14	maic	maic	PROPN
fsr-3808	118	15	is	be	AUX
fsr-3808	118	16	defined	define	VERB
fsr-3808	118	17	as	as	ADP
fsr-3808	118	18	:	:	PUNCT
fsr-3808	118	19	maic(k	maic(k	NOUN
fsr-3808	118	20	)	)	PUNCT
fsr-3808	118	21	-n	-n	X
fsr-3808	118	22	(	(	PUNCT
fsr-3808	118	23	ssr	ssr	PROPN
fsr-3808	118	24	/	/	SYM
fsr-3808	118	25	n	n	CCONJ
fsr-3808	118	26	)	)	PUNCT
fsr-3808	119	1	+	+	CCONJ
fsr-3808	119	2	2k	2k	NUM
fsr-3808	119	3	(	(	PUNCT
fsr-3808	119	4	3	3	NUM
fsr-3808	119	5	)	)	PUNCT
fsr-3808	119	6	58	58	NUM
fsr-3808	119	7	financial	financial	ADJ
fsr-3808	119	8	services	service	NOUN
fsr-3808	119	9	review	review	VERB
fsr-3808	119	10	6(1	6(1	NUM
fsr-3808	119	11	)	)	PUNCT
fsr-3808	119	12	1997	1997	NUM
fsr-3808	120	1	where	where	SCONJ
fsr-3808	120	2	n	n	NOUN
fsr-3808	120	3	=	=	NOUN
fsr-3808	120	4	number	number	NOUN
fsr-3808	120	5	of	of	ADP
fsr-3808	120	6	observations	observation	NOUN
fsr-3808	120	7	to	to	PART
fsr-3808	120	8	which	which	PRON
fsr-3808	120	9	the	the	DET
fsr-3808	120	10	model	model	NOUN
fsr-3808	120	11	is	be	AUX
fsr-3808	120	12	fitted	fit	VERB
fsr-3808	120	13	;	;	PUNCT
fsr-3808	120	14	ssr	ssr	X
fsr-3808	120	15	=	=	PUNCT
fsr-3808	120	16	the	the	DET
fsr-3808	120	17	sum	sum	NOUN
fsr-3808	120	18	of	of	ADP
fsr-3808	120	19	squared	square	VERB
fsr-3808	120	20	residuals	residual	NOUN
fsr-3808	120	21	from	from	ADP
fsr-3808	120	22	an	an	DET
fsr-3808	120	23	ols	ol	NOUN
fsr-3808	120	24	regression	regression	NOUN
fsr-3808	120	25	on	on	ADP
fsr-3808	120	26	equation	equation	NOUN
fsr-3808	120	27	2	2	NUM
fsr-3808	120	28	;	;	PUNCT
fsr-3808	120	29	k	k	X
fsr-3808	120	30	=	=	PUNCT
fsr-3808	120	31	q+	q+	ADP
fsr-3808	120	32	1	1	NUM
fsr-3808	120	33	(	(	PUNCT
fsr-3808	120	34	number	number	NOUN
fsr-3808	120	35	of	of	ADP
fsr-3808	120	36	parameters	parameter	NOUN
fsr-3808	120	37	in	in	ADP
fsr-3808	120	38	equation	equation	NOUN
fsr-3808	120	39	2	2	NUM
fsr-3808	120	40	)	)	PUNCT
fsr-3808	120	41	;	;	PUNCT
fsr-3808	120	42	and	and	CCONJ
fsr-3808	120	43	maic	maic	ADJ
fsr-3808	120	44	(	(	PUNCT
fsr-3808	120	45	.	.	PUNCT
fsr-3808	120	46	)	)	PUNCT
fsr-3808	120	47	=	=	PRON
fsr-3808	120	48	modified	modify	VERB
fsr-3808	120	49	akaike	akaike	ADJ
fsr-3808	120	50	information	information	NOUN
fsr-3808	120	51	criterion	criterion	NOUN
fsr-3808	120	52	.	.	PUNCT
fsr-3808	121	1	the	the	DET
fsr-3808	121	2	appropriate	appropriate	ADJ
fsr-3808	121	3	order	order	NOUN
fsr-3808	121	4	of	of	ADP
fsr-3808	121	5	the	the	DET
fsr-3808	121	6	model	model	NOUN
fsr-3808	121	7	is	be	AUX
fsr-3808	121	8	determined	determine	VERB
fsr-3808	121	9	by	by	ADP
fsr-3808	121	10	computing	compute	VERB
fsr-3808	121	11	equation	equation	NOUN
fsr-3808	121	12	2	2	NUM
fsr-3808	121	13	over	over	ADP
fsr-3808	121	14	selected	select	VERB
fsr-3808	121	15	grids	grid	NOUN
fsr-3808	121	16	of	of	ADP
fsr-3808	121	17	values	value	NOUN
fsr-3808	121	18	of	of	ADP
fsr-3808	121	19	q	q	NOUN
fsr-3808	121	20	and	and	CCONJ
fsr-3808	121	21	choosing	choose	VERB
fsr-3808	121	22	a	a	DET
fsr-3808	121	23	q	q	NOUN
fsr-3808	121	24	which	which	PRON
fsr-3808	121	25	minimizes	minimize	VERB
fsr-3808	121	26	maic(k	maic(k	PROPN
fsr-3808	121	27	)	)	PUNCT
fsr-3808	121	28	.	.	PUNCT
fsr-3808	122	1	once	once	ADV
fsr-3808	122	2	the	the	DET
fsr-3808	122	3	optimal	optimal	ADJ
fsr-3808	122	4	lag	lag	NOUN
fsr-3808	122	5	(	(	PUNCT
fsr-3808	122	6	q	q	NOUN
fsr-3808	122	7	)	)	PUNCT
fsr-3808	122	8	of	of	ADP
fsr-3808	122	9	equation	equation	NOUN
fsr-3808	122	10	2	2	NUM
fsr-3808	122	11	is	be	AUX
fsr-3808	122	12	selected	select	VERB
fsr-3808	122	13	,	,	PUNCT
fsr-3808	122	14	an	an	DET
fsr-3808	122	15	ordinary	ordinary	ADJ
fsr-3808	122	16	least	least	ADJ
fsr-3808	122	17	squares	square	NOUN
fsr-3808	122	18	regression	regression	NOUN
fsr-3808	122	19	is	be	AUX
fsr-3808	122	20	applied	apply	VERB
fsr-3808	122	21	to	to	ADP
fsr-3808	122	22	equation	equation	NOUN
fsr-3808	122	23	2	2	NUM
fsr-3808	122	24	in	in	ADP
fsr-3808	122	25	order	order	NOUN
fsr-3808	122	26	to	to	PART
fsr-3808	122	27	determine	determine	VERB
fsr-3808	122	28	the	the	DET
fsr-3808	122	29	order	order	NOUN
fsr-3808	122	30	of	of	ADP
fsr-3808	122	31	integration	integration	NOUN
fsr-3808	122	32	of	of	ADP
fsr-3808	122	33	each	each	DET
fsr-3808	122	34	time	time	NOUN
fsr-3808	122	35	series	series	NOUN
fsr-3808	122	36	.	.	PUNCT
fsr-3808	123	1	this	this	PRON
fsr-3808	123	2	is	be	AUX
fsr-3808	123	3	a	a	DET
fsr-3808	123	4	necessary	necessary	ADJ
fsr-3808	123	5	pre	pre	NOUN
fsr-3808	123	6	-	-	NOUN
fsr-3808	123	7	test	test	NOUN
fsr-3808	123	8	of	of	ADP
fsr-3808	123	9	the	the	DET
fsr-3808	123	10	data	datum	NOUN
fsr-3808	123	11	series	series	NOUN
fsr-3808	123	12	.	.	PUNCT
fsr-3808	124	1	the	the	DET
fsr-3808	124	2	test	test	NOUN
fsr-3808	124	3	statistic	statistic	NOUN
fsr-3808	124	4	for	for	ADP
fsr-3808	124	5	adf	adf	PROPN
fsr-3808	124	6	test	test	NOUN
fsr-3808	124	7	is	be	AUX
fsr-3808	124	8	the	the	DET
fsr-3808	124	9	ratio	ratio	NOUN
fsr-3808	124	10	of	of	ADP
fsr-3808	124	11	p	p	NOUN
fsr-3808	124	12	to	to	ADP
fsr-3808	124	13	its	its	PRON
fsr-3808	124	14	calculated	calculate	VERB
fsr-3808	124	15	standard	standard	ADJ
fsr-3808	124	16	error	error	NOUN
fsr-3808	124	17	obtained	obtain	VERB
fsr-3808	124	18	from	from	ADP
fsr-3808	124	19	the	the	DET
fsr-3808	124	20	least	least	ADJ
fsr-3808	124	21	squares	square	NOUN
fsr-3808	124	22	regression	regression	NOUN
fsr-3808	124	23	.	.	PUNCT
fsr-3808	125	1	the	the	DET
fsr-3808	125	2	decision	decision	NOUN
fsr-3808	125	3	rule	rule	NOUN
fsr-3808	125	4	is	be	AUX
fsr-3808	125	5	to	to	PART
fsr-3808	125	6	reject	reject	VERB
fsr-3808	125	7	the	the	DET
fsr-3808	125	8	null	null	ADJ
fsr-3808	125	9	hypothesis	hypothesis	NOUN
fsr-3808	125	10	if	if	SCONJ
fsr-3808	125	11	p	p	NOUN
fsr-3808	125	12	is	be	AUX
fsr-3808	125	13	significantly	significantly	ADV
fsr-3808	125	14	negative	negative	ADJ
fsr-3808	125	15	.	.	PUNCT
fsr-3808	126	1	the	the	DET
fsr-3808	126	2	statistic	statistic	NOUN
fsr-3808	126	3	derived	derive	VERB
fsr-3808	126	4	here	here	ADV
fsr-3808	126	5	does	do	AUX
fsr-3808	126	6	not	not	PART
fsr-3808	126	7	have	have	VERB
fsr-3808	126	8	a	a	DET
fsr-3808	126	9	t	t	NOUN
fsr-3808	126	10	-	-	PUNCT
fsr-3808	126	11	distribution	distribution	NOUN
fsr-3808	126	12	,	,	PUNCT
fsr-3808	126	13	but	but	CCONJ
fsr-3808	126	14	dickey	dickey	NOUN
fsr-3808	126	15	and	and	CCONJ
fsr-3808	126	16	fuller	full	ADJ
fsr-3808	126	17	(	(	PUNCT
fsr-3808	126	18	1979	1979	NUM
fsr-3808	126	19	)	)	PUNCT
fsr-3808	126	20	provide	provide	VERB
fsr-3808	126	21	a	a	DET
fsr-3808	126	22	table	table	NOUN
fsr-3808	126	23	of	of	ADP
fsr-3808	126	24	significance	significance	NOUN
fsr-3808	126	25	levels	level	NOUN
fsr-3808	126	26	.	.	PUNCT
fsr-3808	127	1	recently	recently	ADV
fsr-3808	127	2	,	,	PUNCT
fsr-3808	127	3	mackinnon	mackinnon	PROPN
fsr-3808	127	4	(	(	PUNCT
fsr-3808	127	5	1991	1991	NUM
fsr-3808	127	6	)	)	PUNCT
fsr-3808	127	7	produces	produce	VERB
fsr-3808	127	8	a	a	DET
fsr-3808	127	9	replication	replication	NOUN
fsr-3808	127	10	of	of	ADP
fsr-3808	127	11	the	the	DET
fsr-3808	127	12	underlying	underlie	VERB
fsr-3808	127	13	critical	critical	ADJ
fsr-3808	127	14	val	val	NOUN
fsr-3808	127	15	ues	ue	NOUN
fsr-3808	127	16	which	which	PRON
fsr-3808	127	17	has	have	VERB
fsr-3808	127	18	wider	wide	ADJ
fsr-3808	127	19	applicability	applicability	NOUN
fsr-3808	127	20	than	than	ADP
fsr-3808	127	21	those	those	PRON
fsr-3808	127	22	of	of	ADP
fsr-3808	127	23	dickey	dickey	NOUN
fsr-3808	127	24	and	and	CCONJ
fsr-3808	127	25	fuller	full	ADJ
fsr-3808	127	26	.	.	PUNCT
fsr-3808	128	1	in	in	ADP
fsr-3808	128	2	this	this	DET
fsr-3808	128	3	case	case	NOUN
fsr-3808	128	4	the	the	DET
fsr-3808	128	5	hypoth	hypoth	NOUN
fsr-3808	128	6	esis	esis	NOUN
fsr-3808	128	7	of	of	ADP
fsr-3808	128	8	a	a	DET
fsr-3808	128	9	unit	unit	NOUN
fsr-3808	128	10	root	root	NOUN
fsr-3808	128	11	is	be	AUX
fsr-3808	128	12	rejected	reject	VERB
fsr-3808	128	13	if	if	SCONJ
fsr-3808	128	14	the	the	DET
fsr-3808	128	15	t	t	PROPN
fsr-3808	128	16	-	-	PUNCT
fsr-3808	128	17	statistic	statistic	NOUN
fsr-3808	128	18	lies	lie	VERB
fsr-3808	128	19	to	to	ADP
fsr-3808	128	20	the	the	DET
fsr-3808	128	21	left	left	NOUN
fsr-3808	128	22	of	of	ADP
fsr-3808	128	23	the	the	DET
fsr-3808	128	24	relevant	relevant	ADJ
fsr-3808	128	25	mackinnon	mackinnon	PROPN
fsr-3808	128	26	critical	critical	ADJ
fsr-3808	128	27	value	value	NOUN
fsr-3808	128	28	.	.	PUNCT
fsr-3808	129	1	in	in	ADP
fsr-3808	129	2	addition	addition	NOUN
fsr-3808	129	3	to	to	ADP
fsr-3808	129	4	the	the	DET
fsr-3808	129	5	adf	adf	PROPN
fsr-3808	129	6	test	test	NOUN
fsr-3808	129	7	,	,	PUNCT
fsr-3808	129	8	the	the	DET
fsr-3808	129	9	phillips	phillips	PROPN
fsr-3808	129	10	-	-	PUNCT
fsr-3808	129	11	perron	perron	PROPN
fsr-3808	129	12	(	(	PUNCT
fsr-3808	129	13	p	p	NOUN
fsr-3808	129	14	-	-	PUNCT
fsr-3808	129	15	p	p	NOUN
fsr-3808	129	16	)	)	PUNCT
fsr-3808	129	17	test	test	NOUN
fsr-3808	129	18	is	be	AUX
fsr-3808	129	19	applied	apply	VERB
fsr-3808	129	20	to	to	PART
fsr-3808	129	21	test	test	VERB
fsr-3808	129	22	the	the	DET
fsr-3808	129	23	null	null	ADJ
fsr-3808	129	24	hypothesis	hypothesis	NOUN
fsr-3808	129	25	that	that	PRON
fsr-3808	129	26	each	each	DET
fsr-3808	129	27	time	time	NOUN
fsr-3808	129	28	series	series	PROPN
fsr-3808	129	29	has	have	VERB
fsr-3808	129	30	a	a	DET
fsr-3808	129	31	unit	unit	NOUN
fsr-3808	129	32	root	root	NOUN
fsr-3808	129	33	.	.	PUNCT
fsr-3808	130	1	the	the	DET
fsr-3808	130	2	specification	specification	NOUN
fsr-3808	130	3	of	of	ADP
fsr-3808	130	4	the	the	DET
fsr-3808	130	5	p	p	NOUN
fsr-3808	130	6	-	-	PUNCT
fsr-3808	130	7	p	p	NOUN
fsr-3808	130	8	test	test	NOUN
fsr-3808	130	9	is	be	AUX
fsr-3808	130	10	the	the	DET
fsr-3808	130	11	same	same	ADJ
fsr-3808	130	12	as	as	ADP
fsr-3808	130	13	the	the	DET
fsr-3808	130	14	adf	adf	NOUN
fsr-3808	130	15	test	test	NOUN
fsr-3808	130	16	except	except	SCONJ
fsr-3808	130	17	that	that	SCONJ
fsr-3808	130	18	the	the	DET
fsr-3808	130	19	former	former	ADJ
fsr-3808	130	20	adjusts	adjust	VERB
fsr-3808	130	21	for	for	ADP
fsr-3808	130	22	error	error	NOUN
fsr-3808	130	23	autocorrelation	autocorrelation	NOUN
fsr-3808	130	24	.	.	PUNCT
fsr-3808	131	1	the	the	DET
fsr-3808	131	2	third	third	ADJ
fsr-3808	131	3	test	test	NOUN
fsr-3808	131	4	is	be	AUX
fsr-3808	131	5	recently	recently	ADV
fsr-3808	131	6	developed	develop	VERB
fsr-3808	131	7	by	by	ADP
fsr-3808	131	8	kwiatkowski	kwiatkowski	PROPN
fsr-3808	131	9	,	,	PUNCT
fsr-3808	131	10	phillips	phillip	NOUN
fsr-3808	131	11	,	,	PUNCT
fsr-3808	131	12	sehmidt	sehmidt	NOUN
fsr-3808	131	13	and	and	CCONJ
fsr-3808	131	14	shin	shin	NOUN
fsr-3808	131	15	(	(	PUNCT
fsr-3808	131	16	1992	1992	NUM
fsr-3808	131	17	)	)	PUNCT
fsr-3808	132	1	[	[	X
fsr-3808	132	2	hereafter	hereafter	ADV
fsr-3808	132	3	,	,	PUNCT
fsr-3808	132	4	kpss	kpss	PROPN
fsr-3808	132	5	]	]	PUNCT
fsr-3808	132	6	to	to	PART
fsr-3808	132	7	determine	determine	VERB
fsr-3808	132	8	the	the	DET
fsr-3808	132	9	stationarity	stationarity	NOUN
fsr-3808	132	10	property	property	NOUN
fsr-3808	132	11	of	of	ADP
fsr-3808	132	12	any	any	DET
fsr-3808	132	13	time	time	NOUN
fsr-3808	132	14	series	series	NOUN
fsr-3808	132	15	.	.	PUNCT
fsr-3808	133	1	this	this	DET
fsr-3808	133	2	new	new	ADJ
fsr-3808	133	3	test	test	NOUN
fsr-3808	133	4	is	be	AUX
fsr-3808	133	5	more	more	ADV
fsr-3808	133	6	innovative	innovative	ADJ
fsr-3808	133	7	in	in	ADP
fsr-3808	133	8	the	the	DET
fsr-3808	133	9	way	way	NOUN
fsr-3808	133	10	it	it	PRON
fsr-3808	133	11	makes	make	VERB
fsr-3808	133	12	allowance	allowance	NOUN
fsr-3808	133	13	for	for	ADP
fsr-3808	133	14	error	error	NOUN
fsr-3808	133	15	autocorrelation	autocorrelation	NOUN
fsr-3808	133	16	.	.	PUNCT
fsr-3808	134	1	more	more	ADV
fsr-3808	134	2	importantly	importantly	ADV
fsr-3808	134	3	,	,	PUNCT
fsr-3808	134	4	unlike	unlike	ADP
fsr-3808	134	5	other	other	ADJ
fsr-3808	134	6	tra	tra	ADJ
fsr-3808	134	7	ditional	ditional	ADJ
fsr-3808	134	8	tests	test	NOUN
fsr-3808	134	9	,	,	PUNCT
fsr-3808	134	10	the	the	DET
fsr-3808	134	11	null	null	ADJ
fsr-3808	134	12	hypothesis	hypothesis	NOUN
fsr-3808	134	13	under	under	ADP
fsr-3808	134	14	the	the	DET
fsr-3808	134	15	kpss	kpss	PROPN
fsr-3808	134	16	test	test	NOUN
fsr-3808	134	17	is	be	AUX
fsr-3808	134	18	that	that	SCONJ
fsr-3808	134	19	the	the	DET
fsr-3808	134	20	time	time	NOUN
fsr-3808	134	21	series	series	PROPN
fsr-3808	134	22	under	under	ADP
fsr-3808	134	23	exami	exami	ADJ
fsr-3808	134	24	nation	nation	NOUN
fsr-3808	134	25	is	be	AUX
fsr-3808	134	26	stationary	stationary	ADJ
fsr-3808	134	27	.	.	PUNCT
fsr-3808	135	1	the	the	DET
fsr-3808	135	2	test	test	NOUN
fsr-3808	135	3	statistic	statistic	NOUN
fsr-3808	135	4	is	be	AUX
fsr-3808	135	5	defined	define	VERB
fsr-3808	135	6	as	as	ADP
fsr-3808	135	7	:	:	PUNCT
fsr-3808	135	8	w	w	NOUN
fsr-3808	135	9	h	h	NOUN
fsr-3808	135	10	e	e	NOUN
fsr-3808	135	11	r	r	NOUN
fsr-3808	135	12	e	e	X
fsr-3808	135	13	kpss	kpss	PROPN
fsr-3808	135	14	"	"	PUNCT
fsr-3808	135	15	n	n	PROPN
fsr-3808	135	16	2	2	NUM
fsr-3808	135	17	f2	f2	PROPN
fsr-3808	135	18	~	~	SYM
fsr-3808	135	19	s	s	X
fsr-3808	135	20	,	,	PUNCT
fsr-3808	135	21	t=	t=	PRON
fsr-3808	135	22	i	i	PRON
fsr-3808	135	23	(	(	PUNCT
fsr-3808	135	24	4	4	X
fsr-3808	135	25	)	)	PUNCT
fsr-3808	135	26	s2(l	s2(l	PROPN
fsr-3808	135	27	)	)	PUNCT
fsr-3808	135	28	n	n	NOUN
fsr-3808	135	29	=	=	NOUN
fsr-3808	135	30	number	number	NOUN
fsr-3808	135	31	of	of	ADP
fsr-3808	135	32	observations	observation	NOUN
fsr-3808	135	33	;	;	PUNCT
fsr-3808	135	34	and	and	CCONJ
fsr-3808	135	35	s	s	X
fsr-3808	135	36	t	t	NOUN
fsr-3808	135	37	=	=	SYM
fsr-3808	135	38	cumulative	cumulative	ADJ
fsr-3808	135	39	sum	sum	NOUN
fsr-3808	135	40	of	of	ADP
fsr-3808	135	41	the	the	DET
fsr-3808	135	42	residuals	residual	NOUN
fsr-3808	135	43	(	(	PUNCT
fsr-3808	135	44	,	,	PUNCT
fsr-3808	135	45	~et	~et	PROPN
fsr-3808	135	46	)	)	PUNCT
fsr-3808	135	47	from	from	ADP
fsr-3808	135	48	a	a	DET
fsr-3808	135	49	regression	regression	NOUN
fsr-3808	135	50	of	of	ADP
fsr-3808	135	51	series	series	NOUN
fsr-3808	135	52	on	on	ADP
fsr-3808	135	53	a	a	DET
fsr-3808	135	54	constant	constant	ADJ
fsr-3808	135	55	s	s	NOUN
fsr-3808	135	56	2	2	NUM
fsr-3808	135	57	(	(	PUNCT
fsr-3808	135	58	l	l	NOUN
fsr-3808	135	59	~	~	PUNCT
fsr-3808	135	60	n	n	CCONJ
fsr-3808	135	61	1	1	NUM
fsr-3808	135	62	n	n	NUM
fsr-3808	135	63	2	2	NUM
fsr-3808	135	64	l	l	NOUN
fsr-3808	135	65	n	n	NOUN
fsr-3808	135	66	=	=	SYM
fsr-3808	135	67	~,e	~,e	PROPN
fsr-3808	135	68	t	t	NOUN
fsr-3808	135	69	+	+	CCONJ
fsr-3808	136	1	~	~	PUNCT
fsr-3808	136	2	,	,	PUNCT
fsr-3808	136	3	(	(	PUNCT
fsr-3808	136	4	1	1	NUM
fsr-3808	136	5	j	j	NOUN
fsr-3808	136	6	/	/	SYM
fsr-3808	136	7	(	(	PUNCT
fsr-3808	136	8	l	l	NOUN
fsr-3808	136	9	+	+	NOUN
fsr-3808	136	10	1	1	NUM
fsr-3808	136	11	)	)	PUNCT
fsr-3808	136	12	)	)	PUNCT
fsr-3808	136	13	x	x	X
fsr-3808	136	14	etet_j	etet_j	ADJ
fsr-3808	136	15	~	~	PUNCT
fsr-3808	136	16	j	j	PROPN
fsr-3808	136	17	t=	t=	ADJ
fsr-3808	136	18	1	1	NUM
fsr-3808	136	19	j	j	NOUN
fsr-3808	136	20	=	=	SYM
fsr-3808	136	21	1	1	NUM
fsr-3808	136	22	t	t	NOUN
fsr-3808	136	23	=	=	SYM
fsr-3808	136	24	j	j	PROPN
fsr-3808	136	25	+	+	CCONJ
fsr-3808	136	26	1	1	NUM
fsr-3808	136	27	the	the	DET
fsr-3808	136	28	null	null	ADJ
fsr-3808	136	29	hypothesis	hypothesis	NOUN
fsr-3808	136	30	of	of	ADP
fsr-3808	136	31	stationarity	stationarity	NOUN
fsr-3808	136	32	is	be	AUX
fsr-3808	136	33	rejected	reject	VERB
fsr-3808	136	34	if	if	SCONJ
fsr-3808	136	35	the	the	DET
fsr-3808	136	36	calculated	calculate	VERB
fsr-3808	136	37	kpss	kpss	PROPN
fsr-3808	136	38	statistic	statistic	PROPN
fsr-3808	136	39	exceeds	exceed	VERB
fsr-3808	136	40	the	the	DET
fsr-3808	136	41	critical	critical	ADJ
fsr-3808	136	42	value	value	NOUN
fsr-3808	136	43	.	.	PUNCT
fsr-3808	137	1	to	to	PART
fsr-3808	137	2	test	test	VERB
fsr-3808	137	3	for	for	ADP
fsr-3808	137	4	cointegration	cointegration	NOUN
fsr-3808	137	5	,	,	PUNCT
fsr-3808	137	6	one	one	PRON
fsr-3808	137	7	needs	need	VERB
fsr-3808	137	8	to	to	PART
fsr-3808	137	9	run	run	VERB
fsr-3808	137	10	the	the	DET
fsr-3808	137	11	following	follow	VERB
fsr-3808	137	12	'	'	PUNCT
fsr-3808	137	13	cointegration	cointegration	NOUN
fsr-3808	137	14	regression	regression	NOUN
fsr-3808	137	15	'	'	PUNCT
fsr-3808	137	16	:	:	PUNCT
fsr-3808	137	17	r	r	VERB
fsr-3808	137	18	a	a	DET
fsr-3808	137	19	t	t	NOUN
fsr-3808	137	20	e	e	NOUN
fsr-3808	137	21	t	t	PROPN
fsr-3808	137	22	-o~	-o~	PUNCT
fsr-3808	137	23	-i~	-i~	PUNCT
fsr-3808	138	1	c	c	NOUN
fsr-3808	138	2	o	o	PROPN
fsr-3808	138	3	s	s	PROPN
fsr-3808	138	4	t	t	NOUN
fsr-3808	138	5	t	t	NOUN
fsr-3808	138	6	_	_	NOUN
fsr-3808	138	7	1	1	NUM
fsr-3808	138	8	+	+	NUM
fsr-3808	138	9	gtt	gtt	NOUN
fsr-3808	138	10	(	(	PUNCT
fsr-3808	138	11	5	5	NUM
fsr-3808	138	12	)	)	PUNCT
fsr-3808	138	13	the	the	DET
fsr-3808	138	14	null	null	ADJ
fsr-3808	138	15	hypothesis	hypothesis	NOUN
fsr-3808	138	16	that	that	SCONJ
fsr-3808	138	17	the	the	DET
fsr-3808	138	18	residuals	residual	NOUN
fsr-3808	138	19	are	be	AUX
fsr-3808	138	20	integrated	integrate	VERB
fsr-3808	138	21	is	be	AUX
fsr-3808	138	22	then	then	ADV
fsr-3808	138	23	tested	test	VERB
fsr-3808	138	24	using	use	VERB
fsr-3808	138	25	the	the	DET
fsr-3808	138	26	aug	aug	PROPN
fsr-3808	138	27	mented	mente	VERB
fsr-3808	138	28	dickey	dickey	PROPN
fsr-3808	138	29	-	-	PUNCT
fsr-3808	138	30	fuller	full	ADJ
fsr-3808	138	31	statistic	statistic	NOUN
fsr-3808	138	32	.	.	PUNCT
fsr-3808	139	1	if	if	SCONJ
fsr-3808	139	2	it	it	PRON
fsr-3808	139	3	is	be	AUX
fsr-3808	139	4	shown	show	VERB
fsr-3808	139	5	that	that	SCONJ
fsr-3808	139	6	rate	rate	NOUN
fsr-3808	139	7	t	t	PROPN
fsr-3808	139	8	and	and	CCONJ
fsr-3808	139	9	cost	cost	PROPN
fsr-3808	139	10	t	t	PROPN
fsr-3808	139	11	are	be	AUX
fsr-3808	139	12	cointegrated	cointegrate	VERB
fsr-3808	139	13	,	,	PUNCT
fsr-3808	139	14	the	the	DET
fsr-3808	139	15	short	short	ADJ
fsr-3808	139	16	-	-	PUNCT
fsr-3808	139	17	run	run	NOUN
fsr-3808	139	18	dynamics	dynamic	NOUN
fsr-3808	139	19	can	can	AUX
fsr-3808	139	20	be	be	AUX
fsr-3808	139	21	described	describe	VERB
fsr-3808	139	22	by	by	ADP
fsr-3808	139	23	an	an	DET
fsr-3808	139	24	error	error	NOUN
fsr-3808	139	25	correction	correction	NOUN
fsr-3808	139	26	model	model	NOUN
fsr-3808	139	27	(	(	PUNCT
fsr-3808	139	28	ecm	ecm	PROPN
fsr-3808	139	29	)	)	PUNCT
fsr-3808	139	30	.	.	PUNCT
fsr-3808	140	1	this	this	PRON
fsr-3808	140	2	is	be	AUX
fsr-3808	140	3	known	know	VERB
fsr-3808	140	4	sticky	sticky	ADJ
fsr-3808	140	5	credit	credit	NOUN
fsr-3808	140	6	card	card	NOUN
fsr-3808	140	7	rates	rate	NOUN
fsr-3808	140	8	59	59	NUM
fsr-3808	140	9	as	as	SCONJ
fsr-3808	140	10	granger	granger	PROPN
fsr-3808	140	11	representation	representation	PROPN
fsr-3808	140	12	theorem	theorem	PROPN
fsr-3808	140	13	.	.	PUNCT
fsr-3808	141	1	johansen	johansen	PROPN
fsr-3808	141	2	developed	develop	VERB
fsr-3808	141	3	a	a	DET
fsr-3808	141	4	maximum	maximum	ADJ
fsr-3808	141	5	likelihood	likelihood	NOUN
fsr-3808	141	6	estimator	estimator	NOUN
fsr-3808	141	7	within	within	ADP
fsr-3808	141	8	a	a	DET
fsr-3808	141	9	multivariate	multivariate	NOUN
fsr-3808	141	10	cointegration	cointegration	NOUN
fsr-3808	141	11	model	model	NOUN
fsr-3808	141	12	.	.	PUNCT
fsr-3808	142	1	this	this	DET
fsr-3808	142	2	procedure	procedure	NOUN
fsr-3808	142	3	calculates	calculate	VERB
fsr-3808	142	4	and	and	CCONJ
fsr-3808	142	5	tests	test	VERB
fsr-3808	142	6	the	the	DET
fsr-3808	142	7	number	number	NOUN
fsr-3808	142	8	of	of	ADP
fsr-3808	142	9	cointegrating	cointegrate	VERB
fsr-3808	142	10	vectors	vector	NOUN
fsr-3808	142	11	in	in	ADP
fsr-3808	142	12	an	an	DET
fsr-3808	142	13	ols	ol	NOUN
fsr-3808	142	14	setup	setup	NOUN
fsr-3808	142	15	.	.	PUNCT
fsr-3808	143	1	according	accord	VERB
fsr-3808	143	2	to	to	ADP
fsr-3808	143	3	maddala	maddala	NOUN
fsr-3808	143	4	(	(	PUNCT
fsr-3808	143	5	1992	1992	NUM
fsr-3808	143	6	)	)	PUNCT
fsr-3808	143	7	,	,	PUNCT
fsr-3808	143	8	the	the	DET
fsr-3808	143	9	granger	granger	PROPN
fsr-3808	143	10	representation	representation	PROPN
fsr-3808	143	11	theorem	theorem	NOUN
fsr-3808	143	12	implies	imply	VERB
fsr-3808	143	13	that	that	SCONJ
fsr-3808	143	14	rate	rate	NOUN
fsr-3808	143	15	t	t	PROPN
fsr-3808	143	16	and	and	CCONJ
fsr-3808	143	17	costt	costt	PROPN
fsr-3808	143	18	_	_	NOUN
fsr-3808	144	1	i	i	PRON
fsr-3808	144	2	may	may	AUX
fsr-3808	144	3	be	be	AUX
fsr-3808	144	4	considered	consider	VERB
fsr-3808	144	5	to	to	PART
fsr-3808	144	6	be	be	AUX
fsr-3808	144	7	generated	generate	VERB
fsr-3808	144	8	by	by	ADP
fsr-3808	144	9	error	error	NOUN
fsr-3808	144	10	correction	correction	NOUN
fsr-3808	144	11	models	model	NOUN
fsr-3808	144	12	of	of	ADP
fsr-3808	144	13	the	the	DET
fsr-3808	144	14	form	form	NOUN
fsr-3808	144	15	:	:	PUNCT
fsr-3808	144	16	~	~	PUNCT
fsr-3808	144	17	t	t	X
fsr-3808	144	18	l	l	NOUN
fsr-3808	144	19	t	t	PROPN
fsr-3808	144	20	pl	pl	X
fsr-3808	144	21	wtol	wtol	NOUN
fsr-3808	144	22	+	+	CCONJ
fsr-3808	144	23	lagged	lag	VERB
fsr-3808	144	24	(	(	PUNCT
fsr-3808	144	25	arate	arate	PROPN
fsr-3808	144	26	t	t	PROPN
fsr-3808	144	27	,	,	PUNCT
fsr-3808	144	28	acostt.1	acostt.1	PROPN
fsr-3808	144	29	)	)	PUNCT
fsr-3808	145	1	+	+	PROPN
fsr-3808	145	2	el	el	PROPN
fsr-3808	145	3	,	,	PUNCT
fsr-3808	145	4	t	t	PROPN
fsr-3808	145	5	(	(	PUNCT
fsr-3808	145	6	6	6	NUM
fsr-3808	145	7	)	)	PUNCT
fsr-3808	145	8	acostt-1	acostt-1	PROPN
fsr-3808	145	9	=	=	NUM
fsr-3808	145	10	p2	p2	PROPN
fsr-3808	145	11	wt-1	wt-1	PUNCT
fsr-3808	146	1	+	+	CCONJ
fsr-3808	146	2	lagged	lag	VERB
fsr-3808	146	3	(	(	PUNCT
fsr-3808	146	4	arate	arate	NOUN
fsr-3808	146	5	r	r	NOUN
fsr-3808	146	6	,	,	PUNCT
fsr-3808	146	7	acost	acost	NOUN
fsr-3808	146	8	t.	t.	NOUN
fsr-3808	146	9	1	1	NUM
fsr-3808	146	10	)	)	PUNCT
fsr-3808	146	11	+	+	CCONJ
fsr-3808	146	12	e2	e2	PROPN
fsr-3808	146	13	,	,	PUNCT
fsr-3808	146	14	t	t	PROPN
fsr-3808	146	15	(	(	PUNCT
fsr-3808	146	16	7	7	NUM
fsr-3808	146	17	)	)	PUNCT
fsr-3808	146	18	where	where	SCONJ
fsr-3808	146	19	wt	wt	NOUN
fsr-3808	146	20	=	=	SYM
fsr-3808	146	21	rater	rater	NOUN
fsr-3808	146	22	ot	ot	NOUN
fsr-3808	146	23	~	~	PUNCT
fsr-3808	146	24	costt	costt	NOUN
fsr-3808	146	25	_	_	NOUN
fsr-3808	146	26	1	1	NUM
fsr-3808	146	27	in	in	ADP
fsr-3808	146	28	the	the	DET
fsr-3808	146	29	equations	equation	NOUN
fsr-3808	146	30	above	above	ADV
fsr-3808	146	31	,	,	PUNCT
fsr-3808	146	32	at	at	ADV
fsr-3808	146	33	least	least	ADJ
fsr-3808	146	34	one	one	NUM
fsr-3808	146	35	of	of	ADP
fsr-3808	146	36	pl	pl	NOUN
fsr-3808	146	37	and	and	CCONJ
fsr-3808	146	38	p2	p2	PROPN
fsr-3808	146	39	is	be	AUX
fsr-3808	146	40	nonzero	nonzero	NOUN
fsr-3808	146	41	and	and	CCONJ
fsr-3808	146	42	£	£	SYM
fsr-3808	146	43	1	1	NUM
fsr-3808	146	44	t	t	NOUN
fsr-3808	146	45	and	and	CCONJ
fsr-3808	146	46	e2	e2	PROPN
fsr-3808	146	47	t	t	PROPN
fsr-3808	146	48	are	be	AUX
fsr-3808	146	49	white	white	ADJ
fsr-3808	146	50	noise	noise	NOUN
fsr-3808	146	51	errors	error	NOUN
fsr-3808	146	52	.	.	PUNCT
fsr-3808	147	1	as	as	SCONJ
fsr-3808	147	2	noted	note	VERB
fsr-3808	147	3	above	above	ADV
fsr-3808	147	4	,	,	PUNCT
fsr-3808	147	5	the	the	DET
fsr-3808	147	6	statistical	statistical	ADJ
fsr-3808	147	7	notion	notion	NOUN
fsr-3808	147	8	of	of	ADP
fsr-3808	147	9	cointegration	cointegration	NOUN
fsr-3808	147	10	of	of	ADP
fsr-3808	147	11	two	two	NUM
fsr-3808	147	12	time	time	NOUN
fsr-3808	147	13	series	series	NOUN
fsr-3808	147	14	reflects	reflect	VERB
fsr-3808	147	15	a	a	DET
fsr-3808	147	16	the	the	DET
fsr-3808	147	17	oretical	oretical	ADJ
fsr-3808	147	18	long	long	ADV
fsr-3808	147	19	-	-	PUNCT
fsr-3808	147	20	run	run	VERB
fsr-3808	147	21	equilibrium	equilibrium	NOUN
fsr-3808	147	22	relationship	relationship	NOUN
fsr-3808	147	23	between	between	ADP
fsr-3808	147	24	them	they	PRON
fsr-3808	147	25	.	.	PUNCT
fsr-3808	148	1	taylor	taylor	PROPN
fsr-3808	148	2	(	(	PUNCT
fsr-3808	148	3	1988	1988	NUM
fsr-3808	148	4	)	)	PUNCT
fsr-3808	148	5	observes	observe	VERB
fsr-3808	148	6	that	that	SCONJ
fsr-3808	148	7	if	if	SCONJ
fsr-3808	148	8	economic	economic	ADJ
fsr-3808	148	9	theory	theory	NOUN
fsr-3808	148	10	suggests	suggest	VERB
fsr-3808	148	11	a	a	DET
fsr-3808	148	12	long	long	ADV
fsr-3808	148	13	-	-	PUNCT
fsr-3808	148	14	run	run	VERB
fsr-3808	148	15	equilibrium	equilibrium	NOUN
fsr-3808	148	16	relationship	relationship	NOUN
fsr-3808	148	17	between	between	ADP
fsr-3808	148	18	rate	rate	NOUN
fsr-3808	148	19	t	t	PROPN
fsr-3808	148	20	and	and	CCONJ
fsr-3808	148	21	cost	cost	VERB
fsr-3808	148	22	t	t	PROPN
fsr-3808	148	23	,	,	PUNCT
fsr-3808	148	24	then	then	ADV
fsr-3808	148	25	a	a	DET
fsr-3808	148	26	linear	linear	ADJ
fsr-3808	148	27	combination	combination	NOUN
fsr-3808	148	28	of	of	ADP
fsr-3808	148	29	the	the	DET
fsr-3808	148	30	two	two	NUM
fsr-3808	148	31	series	series	NOUN
fsr-3808	148	32	will	will	AUX
fsr-3808	148	33	not	not	PART
fsr-3808	148	34	only	only	ADV
fsr-3808	148	35	be	be	AUX
fsr-3808	148	36	stationary	stationary	ADJ
fsr-3808	148	37	,	,	PUNCT
fsr-3808	148	38	but	but	CCONJ
fsr-3808	148	39	their	their	PRON
fsr-3808	148	40	cointegra	cointegra	NOUN
fsr-3808	148	41	tion	tion	NOUN
fsr-3808	148	42	is	be	AUX
fsr-3808	148	43	a	a	DET
fsr-3808	148	44	necessary	necessary	ADJ
fsr-3808	148	45	condition	condition	NOUN
fsr-3808	148	46	for	for	SCONJ
fsr-3808	148	47	them	they	PRON
fsr-3808	148	48	to	to	PART
fsr-3808	148	49	have	have	VERB
fsr-3808	148	50	a	a	DET
fsr-3808	148	51	stable	stable	ADJ
fsr-3808	148	52	long	long	ADJ
fsr-3808	148	53	-	-	PUNCT
fsr-3808	148	54	run	run	NOUN
fsr-3808	148	55	relationship	relationship	NOUN
fsr-3808	148	56	.	.	PUNCT
fsr-3808	149	1	this	this	PRON
fsr-3808	149	2	suggests	suggest	VERB
fsr-3808	149	3	that	that	SCONJ
fsr-3808	149	4	the	the	DET
fsr-3808	149	5	existence	existence	NOUN
fsr-3808	149	6	of	of	ADP
fsr-3808	149	7	a	a	DET
fsr-3808	149	8	stable	stable	ADJ
fsr-3808	149	9	long	long	ADJ
fsr-3808	149	10	-	-	PUNCT
fsr-3808	149	11	run	run	NOUN
fsr-3808	149	12	relationship	relationship	NOUN
fsr-3808	149	13	between	between	ADP
fsr-3808	149	14	two	two	NUM
fsr-3808	149	15	integrated	integrated	ADJ
fsr-3808	149	16	variables	variable	NOUN
fsr-3808	149	17	means	mean	VERB
fsr-3808	149	18	that	that	SCONJ
fsr-3808	149	19	they	they	PRON
fsr-3808	149	20	are	be	AUX
fsr-3808	149	21	also	also	ADV
fsr-3808	149	22	cointegrated	cointegrate	VERB
fsr-3808	149	23	.	.	PUNCT
fsr-3808	150	1	given	give	VERB
fsr-3808	150	2	that	that	PRON
fsr-3808	150	3	two	two	NUM
fsr-3808	150	4	time	time	NOUN
fsr-3808	150	5	series	series	NOUN
fsr-3808	150	6	are	be	AUX
fsr-3808	150	7	cointegrated	cointegrate	VERB
fsr-3808	150	8	,	,	PUNCT
fsr-3808	150	9	the	the	DET
fsr-3808	150	10	ecms	ecms	NOUN
fsr-3808	150	11	are	be	AUX
fsr-3808	150	12	appropriate	appropriate	ADJ
fsr-3808	150	13	when	when	SCONJ
fsr-3808	150	14	the	the	DET
fsr-3808	150	15	depen	depen	NOUN
fsr-3808	150	16	dent	dent	NOUN
fsr-3808	150	17	variable	variable	NOUN
fsr-3808	150	18	is	be	AUX
fsr-3808	150	19	known	know	VERB
fsr-3808	150	20	a	a	DET
fsr-3808	150	21	priori	priori	ADV
fsr-3808	150	22	to	to	PART
fsr-3808	150	23	exhibit	exhibit	VERB
fsr-3808	150	24	short	short	ADJ
fsr-3808	150	25	-	-	PUNCT
fsr-3808	150	26	term	term	NOUN
fsr-3808	150	27	changes	change	NOUN
fsr-3808	150	28	in	in	ADP
fsr-3808	150	29	response	response	NOUN
fsr-3808	150	30	to	to	ADP
fsr-3808	150	31	changes	change	NOUN
fsr-3808	150	32	in	in	ADP
fsr-3808	150	33	the	the	DET
fsr-3808	150	34	independent	independent	ADJ
fsr-3808	150	35	variable	variable	NOUN
fsr-3808	150	36	(	(	PUNCT
fsr-3808	150	37	dun	dun	PROPN
fsr-3808	150	38	:	:	PUNCT
fsr-3808	150	39	,	,	PUNCT
fsr-3808	150	40	1993	1993	NUM
fsr-3808	150	41	)	)	PUNCT
fsr-3808	150	42	.	.	PUNCT
fsr-3808	151	1	according	accord	VERB
fsr-3808	151	2	to	to	ADP
fsr-3808	151	3	dun	dun	PROPN
fsr-3808	151	4	"	"	PUNCT
fsr-3808	151	5	(	(	PUNCT
fsr-3808	151	6	p.	p.	NOUN
fsr-3808	151	7	165	165	NUM
fsr-3808	151	8	)	)	PUNCT
fsr-3808	151	9	,	,	PUNCT
fsr-3808	151	10	"	"	PUNCT
fsr-3808	151	11	error	error	NOUN
fsr-3808	151	12	correction	correction	NOUN
fsr-3808	151	13	models	model	NOUN
fsr-3808	151	14	presume	presume	VERB
fsr-3808	151	15	that	that	SCONJ
fsr-3808	151	16	there	there	PRON
fsr-3808	151	17	exists	exist	VERB
fsr-3808	151	18	an	an	DET
fsr-3808	151	19	equilibrium	equilibrium	NOUN
fsr-3808	151	20	state	state	NOUN
fsr-3808	151	21	in	in	ADP
fsr-3808	151	22	which	which	PRON
fsr-3808	151	23	the	the	DET
fsr-3808	151	24	levels	level	NOUN
fsr-3808	151	25	of	of	ADP
fsr-3808	151	26	the	the	DET
fsr-3808	151	27	time	time	NOUN
fsr-3808	151	28	series	series	PROPN
fsr-3808	151	29	are	be	AUX
fsr-3808	151	30	typ	typ	NOUN
fsr-3808	151	31	ically	ically	ADV
fsr-3808	151	32	located	locate	VERB
fsr-3808	151	33	vis	vis	X
fsr-3808	151	34	h	h	NOUN
fsr-3808	151	35	vis	vis	ADP
fsr-3808	151	36	one	one	NUM
fsr-3808	151	37	another	another	DET
fsr-3808	151	38	.	.	PUNCT
fsr-3808	151	39	"	"	PUNCT
fsr-3808	152	1	thus	thus	ADV
fsr-3808	152	2	,	,	PUNCT
fsr-3808	152	3	if	if	SCONJ
fsr-3808	152	4	a	a	DET
fsr-3808	152	5	shock	shock	NOUN
fsr-3808	152	6	disturbs	disturb	VERB
fsr-3808	152	7	the	the	DET
fsr-3808	152	8	"	"	PUNCT
fsr-3808	152	9	moving	move	VERB
fsr-3808	152	10	equilibrium	equilibrium	NOUN
fsr-3808	152	11	"	"	PUNCT
fsr-3808	152	12	by	by	ADP
fsr-3808	152	13	forcing	force	VERB
fsr-3808	152	14	the	the	DET
fsr-3808	152	15	series	series	NOUN
fsr-3808	152	16	to	to	PART
fsr-3808	152	17	diverge	diverge	VERB
fsr-3808	152	18	from	from	ADP
fsr-3808	152	19	their	their	PRON
fsr-3808	152	20	long	long	ADJ
fsr-3808	152	21	-	-	PUNCT
fsr-3808	152	22	run	run	NOUN
fsr-3808	152	23	relationship	relationship	NOUN
fsr-3808	152	24	,	,	PUNCT
fsr-3808	152	25	the	the	DET
fsr-3808	152	26	equilibrium	equilibrium	NOUN
fsr-3808	152	27	error	error	NOUN
fsr-3808	152	28	is	be	AUX
fsr-3808	152	29	cor	cor	NOUN
fsr-3808	152	30	rected	recte	VERB
fsr-3808	152	31	by	by	ADP
fsr-3808	152	32	pushing	push	VERB
fsr-3808	152	33	the	the	DET
fsr-3808	152	34	relationship	relationship	NOUN
fsr-3808	152	35	to	to	ADP
fsr-3808	152	36	a	a	DET
fsr-3808	152	37	new	new	ADJ
fsr-3808	152	38	level	level	NOUN
fsr-3808	152	39	that	that	PRON
fsr-3808	152	40	captures	capture	VERB
fsr-3808	152	41	the	the	DET
fsr-3808	152	42	long	long	ADV
fsr-3808	152	43	-	-	PUNCT
fsr-3808	152	44	run	run	VERB
fsr-3808	152	45	equilibrium	equilibrium	NOUN
fsr-3808	152	46	state	state	NOUN
fsr-3808	152	47	.	.	PUNCT
fsr-3808	153	1	the	the	DET
fsr-3808	153	2	error	error	NOUN
fsr-3808	153	3	correction	correction	NOUN
fsr-3808	153	4	model	model	NOUN
fsr-3808	153	5	is	be	AUX
fsr-3808	153	6	estimated	estimate	VERB
fsr-3808	153	7	within	within	ADP
fsr-3808	153	8	the	the	DET
fsr-3808	153	9	vector	vector	NOUN
fsr-3808	153	10	autoregression	autoregression	NOUN
fsr-3808	153	11	framework	framework	NOUN
fsr-3808	153	12	in	in	ADP
fsr-3808	153	13	line	line	NOUN
fsr-3808	153	14	with	with	ADP
fsr-3808	153	15	engle	engle	NOUN
fsr-3808	153	16	and	and	CCONJ
fsr-3808	153	17	granger	granger	PROPN
fsr-3808	153	18	(	(	PUNCT
fsr-3808	153	19	1987	1987	NUM
fsr-3808	153	20	)	)	PUNCT
fsr-3808	153	21	.	.	PUNCT
fsr-3808	154	1	the	the	DET
fsr-3808	154	2	process	process	NOUN
fsr-3808	154	3	of	of	ADP
fsr-3808	154	4	determining	determine	VERB
fsr-3808	154	5	the	the	DET
fsr-3808	154	6	long	long	ADV
fsr-3808	154	7	-	-	PUNCT
fsr-3808	154	8	run	run	VERB
fsr-3808	154	9	equilibrium	equilibrium	NOUN
fsr-3808	154	10	relationship	relationship	NOUN
fsr-3808	154	11	between	between	ADP
fsr-3808	154	12	credit	credit	NOUN
fsr-3808	154	13	card	card	NOUN
fsr-3808	154	14	rates	rate	NOUN
fsr-3808	154	15	and	and	CCONJ
fsr-3808	154	16	cost	cost	NOUN
fsr-3808	154	17	of	of	ADP
fsr-3808	154	18	funds	fund	NOUN
fsr-3808	154	19	proceeds	proceed	NOUN
fsr-3808	154	20	as	as	SCONJ
fsr-3808	154	21	follows	follow	VERB
fsr-3808	154	22	.	.	PUNCT
fsr-3808	155	1	the	the	DET
fsr-3808	155	2	first	first	ADJ
fsr-3808	155	3	necessary	necessary	ADJ
fsr-3808	155	4	pre	pre	NOUN
fsr-3808	155	5	-	-	NOUN
fsr-3808	155	6	test	test	NOUN
fsr-3808	155	7	is	be	AUX
fsr-3808	155	8	to	to	PART
fsr-3808	155	9	establish	establish	VERB
fsr-3808	155	10	the	the	DET
fsr-3808	155	11	stationarity	stationarity	NOUN
fsr-3808	155	12	property	property	NOUN
fsr-3808	155	13	of	of	ADP
fsr-3808	155	14	each	each	DET
fsr-3808	155	15	time	time	NOUN
fsr-3808	155	16	series	series	PROPN
fsr-3808	155	17	noting	note	VERB
fsr-3808	155	18	that	that	SCONJ
fsr-3808	155	19	a	a	DET
fsr-3808	155	20	time	time	NOUN
fsr-3808	155	21	series	series	NOUN
fsr-3808	155	22	that	that	PRON
fsr-3808	155	23	is	be	AUX
fsr-3808	155	24	integrated	integrate	VERB
fsr-3808	155	25	of	of	ADP
fsr-3808	155	26	order	order	NOUN
fsr-3808	155	27	d	d	PROPN
fsr-3808	155	28	(	(	PUNCT
fsr-3808	155	29	denoted	denote	VERB
fsr-3808	155	30	i(d	i(d	NOUN
fsr-3808	155	31	)	)	PUNCT
fsr-3808	155	32	)	)	PUNCT
fsr-3808	155	33	,	,	PUNCT
fsr-3808	155	34	should	should	AUX
fsr-3808	155	35	be	be	AUX
fsr-3808	155	36	differenced	difference	VERB
fsr-3808	155	37	d	d	PRON
fsr-3808	155	38	times	time	NOUN
fsr-3808	155	39	in	in	ADP
fsr-3808	155	40	order	order	NOUN
fsr-3808	155	41	to	to	PART
fsr-3808	155	42	make	make	VERB
fsr-3808	155	43	it	it	PRON
fsr-3808	155	44	stationary	stationary	ADJ
fsr-3808	155	45	.	.	PUNCT
fsr-3808	156	1	this	this	DET
fsr-3808	156	2	study	study	NOUN
fsr-3808	156	3	applies	apply	VERB
fsr-3808	156	4	the	the	DET
fsr-3808	156	5	adf	adf	PROPN
fsr-3808	156	6	,	,	PUNCT
fsr-3808	156	7	p	p	NOUN
fsr-3808	156	8	-	-	PUNCT
fsr-3808	156	9	p	p	NOUN
fsr-3808	156	10	and	and	CCONJ
fsr-3808	156	11	kpss	kpss	PROPN
fsr-3808	156	12	tests	test	NOUN
fsr-3808	156	13	at	at	ADP
fsr-3808	156	14	this	this	DET
fsr-3808	156	15	stage	stage	NOUN
fsr-3808	156	16	.	.	PUNCT
fsr-3808	157	1	in	in	ADP
fsr-3808	157	2	the	the	DET
fsr-3808	157	3	second	second	ADJ
fsr-3808	157	4	stage	stage	NOUN
fsr-3808	157	5	,	,	PUNCT
fsr-3808	157	6	i	i	PRON
fsr-3808	157	7	apply	apply	VERB
fsr-3808	157	8	johansen	johansen	PROPN
fsr-3808	157	9	cointegration	cointegration	PROPN
fsr-3808	157	10	test	test	NOUN
fsr-3808	157	11	to	to	PART
fsr-3808	157	12	determine	determine	VERB
fsr-3808	157	13	the	the	DET
fsr-3808	157	14	long	long	ADJ
fsr-3808	157	15	run	run	NOUN
fsr-3808	157	16	equilibrium	equilibrium	NOUN
fsr-3808	157	17	relationship	relationship	NOUN
fsr-3808	157	18	between	between	ADP
fsr-3808	157	19	credit	credit	NOUN
fsr-3808	157	20	card	card	NOUN
fsr-3808	157	21	rates	rate	NOUN
fsr-3808	157	22	and	and	CCONJ
fsr-3808	157	23	cost	cost	NOUN
fsr-3808	157	24	of	of	ADP
fsr-3808	157	25	funds	fund	NOUN
fsr-3808	157	26	.	.	PUNCT
fsr-3808	158	1	the	the	DET
fsr-3808	158	2	final	final	ADJ
fsr-3808	158	3	part	part	NOUN
fsr-3808	158	4	applies	apply	VERB
fsr-3808	158	5	the	the	DET
fsr-3808	158	6	vector	vector	NOUN
fsr-3808	158	7	error	error	NOUN
fsr-3808	158	8	correction	correction	NOUN
fsr-3808	158	9	estimates	estimate	VERB
fsr-3808	158	10	to	to	PART
fsr-3808	158	11	study	study	VERB
fsr-3808	158	12	the	the	DET
fsr-3808	158	13	adjustment	adjustment	NOUN
fsr-3808	158	14	process	process	NOUN
fsr-3808	158	15	when	when	SCONJ
fsr-3808	158	16	the	the	DET
fsr-3808	158	17	two	two	NUM
fsr-3808	158	18	cointegrated	cointegrate	VERB
fsr-3808	158	19	variables	variable	NOUN
fsr-3808	158	20	deviate	deviate	VERB
fsr-3808	158	21	from	from	ADP
fsr-3808	158	22	their	their	PRON
fsr-3808	158	23	long	long	ADJ
fsr-3808	158	24	-	-	PUNCT
fsr-3808	158	25	run	run	VERB
fsr-3808	158	26	equilibrium	equilibrium	NOUN
fsr-3808	158	27	relationship	relationship	NOUN
fsr-3808	158	28	.	.	PUNCT
fsr-3808	159	1	v.	v.	ADP
fsr-3808	159	2	empirical	empirical	ADJ
fsr-3808	159	3	results	result	NOUN
fsr-3808	159	4	a	a	DET
fsr-3808	159	5	statistical	statistical	ADJ
fsr-3808	159	6	summary	summary	NOUN
fsr-3808	159	7	of	of	ADP
fsr-3808	159	8	the	the	DET
fsr-3808	159	9	sample	sample	NOUN
fsr-3808	159	10	data	datum	NOUN
fsr-3808	159	11	indicates	indicate	VERB
fsr-3808	159	12	that	that	SCONJ
fsr-3808	159	13	between	between	ADP
fsr-3808	159	14	1982	1982	NUM
fsr-3808	159	15	and	and	CCONJ
fsr-3808	159	16	1994	1994	NUM
fsr-3808	159	17	credit	credit	NOUN
fsr-3808	159	18	card	card	NOUN
fsr-3808	159	19	issuers	issuer	NOUN
fsr-3808	159	20	charge	charge	VERB
fsr-3808	159	21	an	an	DET
fsr-3808	159	22	average	average	ADJ
fsr-3808	159	23	annual	annual	ADJ
fsr-3808	159	24	rate	rate	NOUN
fsr-3808	159	25	of	of	ADP
fsr-3808	159	26	interest	interest	NOUN
fsr-3808	159	27	of	of	ADP
fsr-3808	159	28	18.02	18.02	NUM
fsr-3808	159	29	percent	percent	NOUN
fsr-3808	159	30	while	while	SCONJ
fsr-3808	159	31	the	the	DET
fsr-3808	159	32	average	average	ADJ
fsr-3808	159	33	60	60	NUM
fsr-3808	159	34	financial	financial	ADJ
fsr-3808	159	35	services	service	NOUN
fsr-3808	159	36	review	review	VERB
fsr-3808	159	37	6(1	6(1	NUM
fsr-3808	159	38	)	)	PUNCT
fsr-3808	159	39	1997	1997	NUM
fsr-3808	159	40	notes	note	VERB
fsr-3808	159	41	:	:	PUNCT
fsr-3808	159	42	2	2	NUM
fsr-3808	159	43	0	0	NUM
fsr-3808	159	44	15	15	NUM
fsr-3808	159	45	.	.	PUNCT
fsr-3808	160	1	10	10	NUM
fsr-3808	160	2	.	.	X
fsr-3808	160	3	5	5	NUM
fsr-3808	160	4	0	0	NUM
fsr-3808	160	5	\	\	NOUN
fsr-3808	160	6	"	"	PUNCT
fsr-3808	160	7	-	-	INTJ
fsr-3808	160	8	,	,	PUNCT
fsr-3808	160	9	.	.	PUNCT
fsr-3808	160	10	.	.	PUNCT
fsr-3808	160	11	.	.	PUNCT
fsr-3808	161	1	ii	ii	PROPN
fsr-3808	161	2	g	g	PROPN
fsr-3808	161	3	l	l	PROPN
fsr-3808	161	4	l	l	X
fsr-3808	161	5	l	l	NOUN
fsr-3808	161	6	l	l	NOUN
fsr-3808	161	7	l	l	X
fsr-3808	161	8	l	l	X
fsr-3808	161	9	l	l	NOUN
fsr-3808	161	10	a	a	DET
fsr-3808	161	11	l	l	NOUN
fsr-3808	161	12	l	l	NOUN
fsr-3808	162	1	j	j	NOUN
fsr-3808	163	1	i	i	NOUN
fsr-3808	163	2	l	l	PROPN
fsr-3808	164	1	j	j	PROPN
fsr-3808	165	1	l	l	NOUN
fsr-3808	165	2	j	j	PROPN
fsr-3808	166	1	l	l	NOUN
fsr-3808	166	2	l	l	X
fsr-3808	166	3	l	l	X
fsr-3808	166	4	l	l	X
fsr-3808	166	5	l	l	NOUN
fsr-3808	166	6	~	~	PUNCT
fsr-3808	166	7	*	*	PUNCT
fsr-3808	166	8	l	l	PUNCT
fsr-3808	166	9	l	l	X
fsr-3808	166	10	l	l	NOUN
fsr-3808	166	11	*	*	PUNCT
fsr-3808	167	1	i	i	PRON
fsr-3808	167	2	l	l	NOUN
fsr-3808	168	1	j	j	PROPN
fsr-3808	168	2	l	l	NOUN
fsr-3808	168	3	*	*	PUNCT
fsr-3808	168	4	l	l	PUNCT
fsr-3808	168	5	a	a	X
fsr-3808	168	6	~	~	PUNCT
fsr-3808	168	7	l	l	X
fsr-3808	168	8	l	l	X
fsr-3808	168	9	l	l	NOUN
fsr-3808	169	1	i	i	NOUN
fsr-3808	169	2	~	~	PUNCT
fsr-3808	169	3	l	l	X
fsr-3808	169	4	l	l	X
fsr-3808	169	5	l	l	NOUN
fsr-3808	169	6	l	l	NOUN
fsr-3808	170	1	i	i	PRON
fsr-3808	170	2	j	j	X
fsr-3808	170	3	l	l	NOUN
fsr-3808	171	1	i	i	PRON
fsr-3808	171	2	83	83	NUM
fsr-3808	171	3	84	84	NUM
fsr-3808	171	4	85	85	NUM
fsr-3808	171	5	86	86	NUM
fsr-3808	171	6	87	87	NUM
fsr-3808	171	7	88	88	NUM
fsr-3808	171	8	89	89	NUM
fsr-3808	171	9	90	90	NUM
fsr-3808	171	10	91	91	NUM
fsr-3808	172	1	92	92	NUM
fsr-3808	172	2	93	93	NUM
fsr-3808	172	3	94	94	NUM
fsr-3808	172	4	"	"	PUNCT
fsr-3808	172	5	war	war	NOUN
fsr-3808	173	1	i	i	NOUN
fsr-3808	173	2	l	l	NOUN
fsr-3808	173	3	l	l	NOUN
fsr-3808	173	4	rate	rate	NOUN
fsr-3808	173	5	~,f'ers	~,f'ers	PROPN
fsr-3808	173	6	to	to	ADP
fsr-3808	173	7	credit	credit	NOUN
fsr-3808	173	8	card	card	NOUN
fsr-3808	173	9	me	i	PRON
fsr-3808	173	10	costp	costp	VERB
fsr-3808	173	11	mf'ers	mf'er	NOUN
fsr-3808	173	12	to	to	PART
fsr-3808	173	13	one-ye.ar	one-ye.ar	VERB
fsr-3808	173	14	treasury	treasury	PROPN
fsr-3808	173	15	bill	bill	NOUN
fsr-3808	173	16	rate	rate	NOUN
fsr-3808	173	17	plus	plus	CCONJ
fsr-3808	173	18	0.75	0.75	NUM
fsr-3808	173	19	%	%	NOUN
fsr-3808	173	20	figure	figure	NOUN
fsr-3808	173	21	1	1	NUM
fsr-3808	173	22	.	.	PUNCT
fsr-3808	173	23	credit	credit	NOUN
fsr-3808	173	24	card	card	NOUN
fsr-3808	173	25	rate	rate	NOUN
fsr-3808	173	26	and	and	CCONJ
fsr-3808	173	27	the	the	DET
fsr-3808	173	28	cost	cost	NOUN
fsr-3808	173	29	of	of	ADP
fsr-3808	173	30	funds	fund	NOUN
fsr-3808	173	31	.	.	PUNCT
fsr-3808	174	1	cost	cost	NOUN
fsr-3808	174	2	of	of	ADP
fsr-3808	174	3	funds	fund	NOUN
fsr-3808	174	4	in	in	ADP
fsr-3808	174	5	the	the	DET
fsr-3808	174	6	economy	economy	NOUN
fsr-3808	174	7	was	be	AUX
fsr-3808	174	8	7.43	7.43	NUM
fsr-3808	174	9	percent	percent	NOUN
fsr-3808	174	10	.	.	PUNCT
fsr-3808	175	1	in	in	ADP
fsr-3808	175	2	terms	term	NOUN
fsr-3808	175	3	of	of	ADP
fsr-3808	175	4	variability	variability	NOUN
fsr-3808	175	5	,	,	PUNCT
fsr-3808	175	6	credit	credit	NOUN
fsr-3808	175	7	card	card	NOUN
fsr-3808	175	8	rates	rate	NOUN
fsr-3808	175	9	are	be	AUX
fsr-3808	175	10	less	less	ADV
fsr-3808	175	11	volatile	volatile	ADJ
fsr-3808	175	12	with	with	ADP
fsr-3808	175	13	a	a	DET
fsr-3808	175	14	standard	standard	ADJ
fsr-3808	175	15	deviation	deviation	NOUN
fsr-3808	175	16	of	of	ADP
fsr-3808	175	17	0.732	0.732	NUM
fsr-3808	175	18	percent	percent	NOUN
fsr-3808	175	19	compared	compare	VERB
fsr-3808	175	20	to	to	ADP
fsr-3808	175	21	2.047	2.047	NUM
fsr-3808	175	22	percent	percent	NOUN
fsr-3808	175	23	for	for	ADP
fsr-3808	175	24	cost	cost	NOUN
fsr-3808	175	25	of	of	ADP
fsr-3808	175	26	funds	fund	NOUN
fsr-3808	175	27	.	.	PUNCT
fsr-3808	176	1	moreover	moreover	ADV
fsr-3808	176	2	,	,	PUNCT
fsr-3808	176	3	the	the	DET
fsr-3808	176	4	distribution	distribution	NOUN
fsr-3808	176	5	of	of	ADP
fsr-3808	176	6	credit	credit	NOUN
fsr-3808	176	7	card	card	NOUN
fsr-3808	176	8	rates	rate	NOUN
fsr-3808	176	9	is	be	AUX
fsr-3808	176	10	skewed	skew	VERB
fsr-3808	176	11	to	to	ADP
fsr-3808	176	12	the	the	DET
fsr-3808	176	13	left	left	NOUN
fsr-3808	176	14	while	while	SCONJ
fsr-3808	176	15	one	one	NUM
fsr-3808	176	16	-	-	PUNCT
fsr-3808	176	17	year	year	NOUN
fsr-3808	176	18	treasury	treasury	NOUN
fsr-3808	176	19	bill	bill	NOUN
fsr-3808	176	20	rate	rate	NOUN
fsr-3808	176	21	's	's	PART
fsr-3808	176	22	distribution	distribution	NOUN
fsr-3808	176	23	is	be	AUX
fsr-3808	176	24	about	about	ADV
fsr-3808	176	25	normal	normal	ADJ
fsr-3808	176	26	.	.	PUNCT
fsr-3808	177	1	the	the	DET
fsr-3808	177	2	two	two	NUM
fsr-3808	177	3	series	serie	NOUN
fsr-3808	177	4	are	be	AUX
fsr-3808	177	5	shown	show	VERB
fsr-3808	177	6	in	in	ADP
fsr-3808	177	7	fig	fig	NOUN
fsr-3808	177	8	ure	ure	NOUN
fsr-3808	177	9	1	1	NUM
fsr-3808	177	10	.	.	PUNCT
fsr-3808	178	1	the	the	DET
fsr-3808	178	2	characterization	characterization	NOUN
fsr-3808	178	3	in	in	ADP
fsr-3808	178	4	this	this	DET
fsr-3808	178	5	section	section	NOUN
fsr-3808	178	6	is	be	AUX
fsr-3808	178	7	meant	mean	VERB
fsr-3808	178	8	to	to	PART
fsr-3808	178	9	describe	describe	VERB
fsr-3808	178	10	the	the	DET
fsr-3808	178	11	credit	credit	NOUN
fsr-3808	178	12	card	card	NOUN
fsr-3808	178	13	market	market	NOUN
fsr-3808	178	14	con	con	NOUN
fsr-3808	178	15	ditions	dition	NOUN
fsr-3808	178	16	contemporaneous	contemporaneous	ADJ
fsr-3808	178	17	with	with	ADP
fsr-3808	178	18	the	the	DET
fsr-3808	178	19	sample	sample	NOUN
fsr-3808	178	20	period	period	NOUN
fsr-3808	178	21	rather	rather	ADV
fsr-3808	178	22	than	than	ADP
fsr-3808	178	23	an	an	DET
fsr-3808	178	24	effort	effort	NOUN
fsr-3808	178	25	to	to	PART
fsr-3808	178	26	depict	depict	VERB
fsr-3808	178	27	the	the	DET
fsr-3808	178	28	current	current	ADJ
fsr-3808	178	29	market	market	NOUN
fsr-3808	178	30	conditions	condition	NOUN
fsr-3808	178	31	.	.	PUNCT
fsr-3808	179	1	table	table	NOUN
fsr-3808	179	2	1	1	NUM
fsr-3808	179	3	reports	report	VERB
fsr-3808	179	4	the	the	DET
fsr-3808	179	5	results	result	NOUN
fsr-3808	179	6	of	of	ADP
fsr-3808	179	7	stationarity	stationarity	NOUN
fsr-3808	179	8	tests	test	NOUN
fsr-3808	179	9	performed	perform	VERB
fsr-3808	179	10	on	on	ADP
fsr-3808	179	11	credit	credit	NOUN
fsr-3808	179	12	card	card	NOUN
fsr-3808	179	13	rate	rate	NOUN
fsr-3808	179	14	series	series	NOUN
fsr-3808	179	15	and	and	CCONJ
fsr-3808	179	16	cost	cost	NOUN
fsr-3808	179	17	of	of	ADP
fsr-3808	179	18	funds	fund	NOUN
fsr-3808	179	19	.	.	PUNCT
fsr-3808	180	1	as	as	SCONJ
fsr-3808	180	2	indicated	indicate	VERB
fsr-3808	180	3	earlier	early	ADV
fsr-3808	180	4	,	,	PUNCT
fsr-3808	180	5	the	the	DET
fsr-3808	180	6	modified	modify	VERB
fsr-3808	180	7	akaike	akaike	ADJ
fsr-3808	180	8	information	information	NOUN
fsr-3808	180	9	criterion	criterion	NOUN
fsr-3808	180	10	(	(	PUNCT
fsr-3808	180	11	maic	maic	PROPN
fsr-3808	180	12	)	)	PUNCT
fsr-3808	180	13	was	be	AUX
fsr-3808	180	14	employed	employ	VERB
fsr-3808	180	15	in	in	ADP
fsr-3808	180	16	the	the	DET
fsr-3808	180	17	selection	selection	NOUN
fsr-3808	180	18	of	of	ADP
fsr-3808	180	19	an	an	DET
fsr-3808	180	20	appropriate	appropriate	ADJ
fsr-3808	180	21	lag	lag	NOUN
fsr-3808	180	22	(	(	PUNCT
fsr-3808	180	23	q	q	NOUN
fsr-3808	180	24	)	)	PUNCT
fsr-3808	180	25	for	for	ADP
fsr-3808	180	26	each	each	DET
fsr-3808	180	27	series	series	NOUN
fsr-3808	180	28	.	.	PUNCT
fsr-3808	181	1	the	the	DET
fsr-3808	181	2	adf	adf	PROPN
fsr-3808	181	3	,	,	PUNCT
fsr-3808	181	4	p	p	NOUN
fsr-3808	181	5	-	-	PUNCT
fsr-3808	181	6	p	p	NOUN
fsr-3808	181	7	and	and	CCONJ
fsr-3808	181	8	kpss	kpss	PROPN
fsr-3808	181	9	tests	test	NOUN
fsr-3808	181	10	are	be	AUX
fsr-3808	181	11	applied	apply	VERB
fsr-3808	181	12	to	to	ADP
fsr-3808	181	13	level	level	NOUN
fsr-3808	181	14	of	of	ADP
fsr-3808	181	15	the	the	DET
fsr-3808	181	16	series	series	NOUN
fsr-3808	181	17	(	(	PUNCT
fsr-3808	181	18	rate	rate	NOUN
fsr-3808	181	19	and	and	CCONJ
fsr-3808	181	20	cost	cost	NOUN
fsr-3808	181	21	)	)	PUNCT
fsr-3808	181	22	as	as	ADV
fsr-3808	181	23	well	well	ADV
fsr-3808	181	24	as	as	ADP
fsr-3808	181	25	the	the	DET
fsr-3808	181	26	first	first	ADJ
fsr-3808	181	27	difference	difference	NOUN
fsr-3808	181	28	of	of	ADP
fsr-3808	181	29	the	the	DET
fsr-3808	181	30	series	series	NOUN
fsr-3808	181	31	(	(	PUNCT
fsr-3808	181	32	arate	arate	NOUN
fsr-3808	181	33	and	and	CCONJ
fsr-3808	181	34	acost	acost	NOUN
fsr-3808	181	35	)	)	PUNCT
fsr-3808	181	36	.	.	PUNCT
fsr-3808	182	1	the	the	DET
fsr-3808	182	2	null	null	ADJ
fsr-3808	182	3	hypothesis	hypothesis	NOUN
fsr-3808	182	4	of	of	ADP
fsr-3808	182	5	unit	unit	NOUN
fsr-3808	182	6	root	root	NOUN
fsr-3808	182	7	in	in	ADP
fsr-3808	182	8	rate	rate	NOUN
fsr-3808	182	9	and	and	CCONJ
fsr-3808	182	10	cost	cost	NOUN
fsr-3808	182	11	could	could	AUX
fsr-3808	182	12	not	not	PART
fsr-3808	182	13	be	be	AUX
fsr-3808	182	14	rejected	reject	VERB
fsr-3808	182	15	under	under	ADP
fsr-3808	182	16	the	the	DET
fsr-3808	182	17	adf	adf	NOUN
fsr-3808	182	18	and	and	CCONJ
fsr-3808	182	19	p	p	NOUN
fsr-3808	182	20	-	-	PUNCT
fsr-3808	182	21	p	p	NOUN
fsr-3808	182	22	tests	test	NOUN
fsr-3808	182	23	.	.	PUNCT
fsr-3808	183	1	however	however	ADV
fsr-3808	183	2	,	,	PUNCT
fsr-3808	183	3	one	one	PRON
fsr-3808	183	4	could	could	AUX
fsr-3808	183	5	not	not	PART
fsr-3808	183	6	reject	reject	VERB
fsr-3808	183	7	the	the	DET
fsr-3808	183	8	null	null	NOUN
fsr-3808	183	9	when	when	SCONJ
fsr-3808	183	10	the	the	DET
fsr-3808	183	11	time	time	NOUN
fsr-3808	183	12	series	series	PROPN
fsr-3808	183	13	are	be	AUX
fsr-3808	183	14	differenced	difference	VERB
fsr-3808	183	15	once	once	ADV
fsr-3808	183	16	(	(	PUNCT
fsr-3808	183	17	arate	arate	NOUN
fsr-3808	183	18	and	and	CCONJ
fsr-3808	183	19	acost	acost	NOUN
fsr-3808	183	20	)	)	PUNCT
fsr-3808	183	21	.	.	PUNCT
fsr-3808	184	1	on	on	ADP
fsr-3808	184	2	the	the	DET
fsr-3808	184	3	other	other	ADJ
fsr-3808	184	4	hand	hand	NOUN
fsr-3808	184	5	,	,	PUNCT
fsr-3808	184	6	the	the	DET
fsr-3808	184	7	kpss	kpss	PROPN
fsr-3808	184	8	test	test	NOUN
fsr-3808	184	9	could	could	AUX
fsr-3808	184	10	not	not	PART
fsr-3808	184	11	reject	reject	VERB
fsr-3808	184	12	the	the	DET
fsr-3808	184	13	null	null	ADJ
fsr-3808	184	14	hypothesis	hypothesis	NOUN
fsr-3808	184	15	of	of	ADP
fsr-3808	184	16	sta	sta	PROPN
fsr-3808	184	17	tionarity	tionarity	PROPN
fsr-3808	184	18	for	for	ADP
fsr-3808	184	19	arate	arate	NOUN
fsr-3808	184	20	and	and	CCONJ
fsr-3808	184	21	acost	acost	NOUN
fsr-3808	184	22	.	.	PUNCT
fsr-3808	185	1	thus	thus	ADV
fsr-3808	185	2	,	,	PUNCT
fsr-3808	185	3	the	the	DET
fsr-3808	185	4	results	result	NOUN
fsr-3808	185	5	from	from	ADP
fsr-3808	185	6	the	the	DET
fsr-3808	185	7	adf	adf	PROPN
fsr-3808	185	8	,	,	PUNCT
fsr-3808	185	9	p	p	NOUN
fsr-3808	185	10	-	-	PUNCT
fsr-3808	185	11	p	p	NOUN
fsr-3808	185	12	and	and	CCONJ
fsr-3808	185	13	kpss	kpss	PROPN
fsr-3808	185	14	tests	test	NOUN
fsr-3808	185	15	show	show	VERB
fsr-3808	185	16	that	that	SCONJ
fsr-3808	185	17	each	each	DET
fsr-3808	185	18	time	time	NOUN
fsr-3808	185	19	series	series	PROPN
fsr-3808	185	20	is	be	AUX
fsr-3808	185	21	integrated	integrate	VERB
fsr-3808	185	22	of	of	ADP
fsr-3808	185	23	order	order	NOUN
fsr-3808	185	24	one	one	NUM
fsr-3808	185	25	.	.	PUNCT
fsr-3808	186	1	these	these	DET
fsr-3808	186	2	results	result	NOUN
fsr-3808	186	3	are	be	AUX
fsr-3808	186	4	robust	robust	ADJ
fsr-3808	186	5	even	even	ADV
fsr-3808	186	6	with	with	ADP
fsr-3808	186	7	the	the	DET
fsr-3808	186	8	inclusion	inclusion	NOUN
fsr-3808	186	9	of	of	ADP
fsr-3808	186	10	a	a	DET
fsr-3808	186	11	time	time	NOUN
fsr-3808	186	12	trend	trend	NOUN
fsr-3808	186	13	in	in	ADP
fsr-3808	186	14	the	the	DET
fsr-3808	186	15	respective	respective	ADJ
fsr-3808	186	16	test	test	NOUN
fsr-3808	186	17	equations	equation	NOUN
fsr-3808	186	18	.	.	PUNCT
fsr-3808	187	1	this	this	PRON
fsr-3808	187	2	means	mean	VERB
fsr-3808	187	3	that	that	SCONJ
fsr-3808	187	4	each	each	DET
fsr-3808	187	5	series	series	NOUN
fsr-3808	187	6	should	should	AUX
fsr-3808	187	7	be	be	AUX
fsr-3808	187	8	differenced	difference	VERB
fsr-3808	187	9	once	once	ADV
fsr-3808	187	10	in	in	ADP
fsr-3808	187	11	order	order	NOUN
fsr-3808	187	12	to	to	PART
fsr-3808	187	13	achieve	achieve	VERB
fsr-3808	187	14	stationarity	stationarity	NOUN
fsr-3808	187	15	.	.	PUNCT
fsr-3808	188	1	since	since	SCONJ
fsr-3808	188	2	both	both	DET
fsr-3808	188	3	series	serie	NOUN
fsr-3808	188	4	are	be	AUX
fsr-3808	188	5	$	$	SYM
fsr-3808	188	6	t	t	PROPN
fsr-3808	188	7	/	/	SYM
fsr-3808	188	8	cky	cky	PROPN
fsr-3808	188	9	cre.d	cre.d	PROPN
fsr-3808	188	10	/	/	SYM
fsr-3808	188	11	t	t	PROPN
fsr-3808	188	12	card	card	NOUN
fsr-3808	188	13	rata	rata	VERB
fsr-3808	188	14	61	61	NUM
fsr-3808	188	15	t	t	NOUN
fsr-3808	188	16	a	a	DET
fsr-3808	188	17	b	b	NOUN
fsr-3808	188	18	l	l	NOUN
fsr-3808	188	19	e	e	PROPN
fsr-3808	188	20	1	1	NUM
fsr-3808	188	21	unit	unit	NOUN
fsr-3808	188	22	root	root	NOUN
fsr-3808	188	23	test	test	NOUN
fsr-3808	188	24	on	on	ADP
fsr-3808	188	25	rate	rate	NOUN
fsr-3808	188	26	and	and	CCONJ
fsr-3808	188	27	cost	cost	NOUN
fsr-3808	188	28	unit	unit	NOUN
fsr-3808	188	29	root	root	NOUN
fsr-3808	188	30	test	test	NOUN
fsr-3808	188	31	performed	perform	VERB
fsr-3808	188	32	on	on	ADP
fsr-3808	188	33	rate	rate	NOUN
fsr-3808	188	34	arate	arate	NOUN
fsr-3808	188	35	cost	cost	NOUN
fsr-3808	188	36	acost	acost	NOUN
fsr-3808	188	37	p	p	X
fsr-3808	188	38	.0.011	.0.011	PROPN
fsr-3808	188	39	-0.465	-0.465	PUNCT
fsr-3808	188	40	.0	.0	NUM
fsr-3808	188	41	.030	.030	NUM
fsr-3808	188	42	-0.621	-0.621	PROPN
fsr-3808	188	43	adf	adf	PROPN
fsr-3808	188	44	staff	staff	NOUN
fsr-3808	188	45	stic	stic	ADJ
fsr-3808	188	46	-0.398	-0.398	PUNCT
fsr-3808	188	47	-3	-3	PUNCT
fsr-3808	188	48	.060	.060	NUM
fsr-3808	188	49	"	"	PUNCT
fsr-3808	188	50	1.275	1.275	NUM
fsr-3808	188	51	-4.511	-4.511	NOUN
fsr-3808	188	52	"	"	PUNCT
fsr-3808	188	53	adf(trend	adf(trend	NOUN
fsr-3808	188	54	)	)	PUNCT
fsr-3808	188	55	1.719	1.719	NUM
fsr-3808	188	56	-3	-3	SYM
fsr-3808	188	57	.019	.019	NUM
fsr-3808	188	58	"	"	PUNCT
fsr-3808	188	59	-2.214	-2.214	X
fsr-3808	188	60	-4.462	-4.462	PUNCT
fsr-3808	188	61	*	*	PUNCT
fsr-3808	189	1	p	p	NOUN
fsr-3808	189	2	-	-	PUNCT
fsr-3808	189	3	p	p	NOUN
fsr-3808	189	4	statistic	statistic	NOUN
fsr-3808	189	5	1.266	1.266	NUM
fsr-3808	189	6	-3.606	-3.606	NOUN
fsr-3808	189	7	*	*	PUNCT
fsr-3808	189	8	-2.367	-2.367	PUNCT
fsr-3808	190	1	-5.053	-5.053	VERB
fsr-3808	190	2	*	*	PUNCT
fsr-3808	190	3	p	p	X
fsr-3808	190	4	-	-	PUNCT
fsr-3808	190	5	p(trend	p(trend	NOUN
fsr-3808	190	6	)	)	PUNCT
fsr-3808	190	7	1.266	1.266	NUM
fsr-3808	190	8	-3.641	-3.641	NUM
fsr-3808	190	9	"	"	PUNCT
fsr-3808	190	10	-2.397	-2.397	NUM
fsr-3808	190	11	-6.181	-6.181	X
fsr-3808	190	12	"	"	PUNCT
fsr-3808	190	13	kpss	kpss	PROPN
fsr-3808	190	14	statistic	statistic	PROPN
fsr-3808	190	15	0.524	0.524	NUM
fsr-3808	190	16	*	*	NOUN
fsr-3808	190	17	0.198	0.198	NUM
fsr-3808	190	18	0.856	0.856	NUM
fsr-3808	190	19	*	*	NOUN
fsr-3808	190	20	0.271	0.271	NUM
fsr-3808	190	21	kpss(trend	kpss(trend	NOUN
fsr-3808	190	22	)	)	PUNCT
fsr-3808	190	23	0	0	NUM
fsr-3808	190	24	.281	.281	NUM
fsr-3808	190	25	"	"	PUNCT
fsr-3808	190	26	0.055	0.055	NUM
fsr-3808	190	27	0	0	NUM
fsr-3808	190	28	.	.	PUNCT
fsr-3808	191	1	5	5	NUM
fsr-3808	191	2	2	2	NUM
fsr-3808	191	3	1	1	NUM
fsr-3808	191	4	"	"	PUNCT
fsr-3808	191	5	0.102	0.102	NUM
fsr-3808	191	6	notes	note	VERB
fsr-3808	191	7	:	:	PUNCT
fsr-3808	191	8	the	the	DET
fsr-3808	191	9	unit	unit	NOUN
fsr-3808	191	10	root	root	NOUN
fsr-3808	191	11	test	test	NOUN
fsr-3808	191	12	is	be	AUX
fsr-3808	191	13	based	base	VERB
fsr-3808	191	14	on	on	ADP
fsr-3808	191	15	the	the	DET
fsr-3808	191	16	following	follow	VERB
fsr-3808	191	17	equation	equation	NOUN
fsr-3808	191	18	:	:	PUNCT
fsr-3808	191	19	q	q	PROPN
fsr-3808	191	20	az	az	PROPN
fsr-3808	191	21	t	t	PROPN
fsr-3808	191	22	=	=	PUNCT
fsr-3808	192	1	~,t	~,t	ADP
fsr-3808	192	2	+	+	NOUN
fsr-3808	192	3	p	p	PROPN
fsr-3808	192	4	z	z	PROPN
fsr-3808	192	5	t	t	NUM
fsr-3808	192	6	_	_	PUNCT
fsr-3808	192	7	1	1	NUM
fsr-3808	193	1	+	+	CCONJ
fsr-3808	193	2	~	~	SYM
fsr-3808	193	3	~iat	~iat	NOUN
fsr-3808	193	4	-	-	PUNCT
fsr-3808	193	5	ti	ti	NOUN
fsr-3808	193	6	+	+	CCONJ
fsr-3808	193	7	et	et	NOUN
fsr-3808	193	8	i	i	NOUN
fsr-3808	193	9	=	=	PROPN
fsr-3808	193	10	1	1	NUM
fsr-3808	193	11	the	the	DET
fsr-3808	193	12	null	null	ADJ
fsr-3808	193	13	hypothesis	hypothesis	NOUN
fsr-3808	193	14	of	of	ADP
fsr-3808	193	15	a	a	DET
fsr-3808	193	16	unit	unit	NOUN
fsr-3808	193	17	root	root	NOUN
fsr-3808	193	18	is	be	AUX
fsr-3808	193	19	based	base	VERB
fsr-3808	193	20	on	on	ADP
fsr-3808	193	21	the	the	DET
fsr-3808	193	22	coefficient	coefficient	NOUN
fsr-3808	193	23	,	,	PUNCT
fsr-3808	193	24	p	p	NOUN
fsr-3808	193	25	under	under	ADP
fsr-3808	193	26	adf	adf	PROPN
fsr-3808	193	27	and	and	CCONJ
fsr-3808	193	28	p	p	NOUN
fsr-3808	193	29	-	-	PUNCT
fsr-3808	193	30	p	p	NOUN
fsr-3808	193	31	tests	test	NOUN
fsr-3808	193	32	.	.	PUNCT
fsr-3808	194	1	*	*	PUNCT
fsr-3808	194	2	i	i	PRON
fsr-3808	194	3	n	n	VERB
fsr-3808	194	4	d	d	X
fsr-3808	194	5	~	~	PUNCT
fsr-3808	194	6	!	!	PUNCT
fsr-3808	195	1	~	~	PUNCT
fsr-3808	195	2	significance	significance	NOUN
fsr-3808	195	3	at	at	ADP
fsr-3808	195	4	the	the	DET
fsr-3808	195	5	5	5	NUM
fsr-3808	195	6	pcavent	pcavent	NOUN
fsr-3808	195	7	level	level	NOUN
fsr-3808	195	8	.	.	PUNCT
fsr-3808	196	1	adf	adf	NOUN
fsr-3808	196	2	statistic	statistic	PROPN
fsr-3808	196	3	is	be	AUX
fsr-3808	196	4	the	the	DET
fsr-3808	196	5	augmented	augment	VERB
fsr-3808	196	6	dickey	dickey	PROPN
fsr-3808	196	7	-	-	PUNCT
fsr-3808	196	8	fuller	full	ADJ
fsr-3808	196	9	test	test	NOUN
fsr-3808	196	10	slatistic	slatistic	NOUN
fsr-3808	196	11	.	.	PUNCT
fsr-3808	197	1	adf(trend	adf(trend	PROPN
fsr-3808	197	2	)	)	PUNCT
fsr-3808	197	3	is	be	AUX
fsr-3808	197	4	the	the	DET
fsr-3808	197	5	adf	adf	PROPN
fsr-3808	197	6	statistic	statistic	NOUN
fsr-3808	197	7	from	from	ADP
fsr-3808	197	8	the	the	DET
fsr-3808	197	9	equation	equation	NOUN
fsr-3808	197	10	above	above	ADP
fsr-3808	197	11	with	with	ADP
fsr-3808	197	12	a	a	DET
fsr-3808	197	13	time	time	NOUN
fsr-3808	197	14	lnmd	lnmd	ADV
fsr-3808	197	15	.	.	PUNCT
fsr-3808	198	1	p	p	X
fsr-3808	198	2	-	-	PUNCT
fsr-3808	198	3	p	p	NOUN
fsr-3808	198	4	statistic	statistic	NOUN
fsr-3808	198	5	is	be	AUX
fsr-3808	198	6	the	the	DET
fsr-3808	198	7	phiilips	phiilip	NOUN
fsr-3808	198	8	-	-	PUNCT
fsr-3808	198	9	p~,ou	p~,ou	PART
fsr-3808	198	10	test	test	NOUN
fsr-3808	198	11	statistic	statistic	NOUN
fsr-3808	198	12	.	.	PUNCT
fsr-3808	199	1	p-~trend	p-~trend	PROPN
fsr-3808	199	2	)	)	PUNCT
fsr-3808	199	3	is	be	AUX
fsr-3808	199	4	the	the	DET
fsr-3808	199	5	p	p	NOUN
fsr-3808	199	6	-	-	PUNCT
fsr-3808	199	7	p	p	NOUN
fsr-3808	199	8	statistic	statistic	NOUN
fsr-3808	199	9	from	from	ADP
fsr-3808	199	10	the	the	DET
fsr-3808	199	11	equation	equation	NOUN
fsr-3808	199	12	above	above	ADP
fsr-3808	199	13	with	with	ADP
fsr-3808	199	14	a	a	DET
fsr-3808	199	15	time	time	NOUN
fsr-3808	199	16	trend	trend	NOUN
fsr-3808	199	17	.	.	PUNCT
fsr-3808	200	1	kpss	kpss	PROPN
fsr-3808	200	2	statistic	statistic	PROPN
fsr-3808	200	3	is	be	AUX
fsr-3808	200	4	based	base	VERB
fsr-3808	200	5	on	on	ADP
fsr-3808	200	6	the	the	DET
fsr-3808	200	7	residuals	residual	NOUN
fsr-3808	200	8	from	from	ADP
fsr-3808	200	9	regression	regression	NOUN
fsr-3808	200	10	of	of	ADP
fsr-3808	200	11	variable	variable	NOUN
fsr-3808	200	12	under	under	ADP
fsr-3808	200	13	consideration	consideration	NOUN
fsr-3808	200	14	on	on	ADP
fsr-3808	200	15	a	a	DET
fsr-3808	200	16	constant	constant	ADJ
fsr-3808	200	17	term	term	NOUN
fsr-3808	200	18	only	only	ADV
fsr-3808	200	19	.	.	PUNCT
fsr-3808	201	1	the	the	DET
fsr-3808	201	2	critical	critical	ADJ
fsr-3808	201	3	value	value	NOUN
fsr-3808	201	4	of	of	ADP
fsr-3808	201	5	this	this	DET
fsr-3808	201	6	statistic	statistic	NOUN
fsr-3808	201	7	at	at	ADP
fsr-3808	201	8	the	the	DET
fsr-3808	201	9	5	5	NUM
fsr-3808	201	10	percent	percent	NOUN
fsr-3808	201	11	level	level	NOUN
fsr-3808	201	12	is	be	AUX
fsr-3808	201	13	0.463	0.463	NUM
fsr-3808	201	14	.	.	PUNCT
fsr-3808	202	1	kpss(trend	kpss(trend	PROPN
fsr-3808	202	2	)	)	PUNCT
fsr-3808	203	1	in	in	ADP
fsr-3808	203	2	based	base	VERB
fsr-3808	203	3	on	on	ADP
fsr-3808	203	4	the	the	DET
fsr-3808	203	5	residuuls	residuul	NOUN
fsr-3808	203	6	from	from	ADP
fsr-3808	203	7	mgn	mgn	NOUN
fsr-3808	203	8	~	~	NOUN
fsr-3808	203	9	ssioo	ssioo	NOUN
fsr-3808	203	10	of	of	ADP
fsr-3808	203	11	variable	variable	NOUN
fsr-3808	203	12	under	under	ADP
fsr-3808	203	13	consideration	consideration	NOUN
fsr-3808	203	14	oo	oo	INTJ
fsr-3808	203	15	n	n	CCONJ
fsr-3808	203	16	constant	constant	ADJ
fsr-3808	203	17	and	and	CCONJ
fsr-3808	203	18	time	time	NOUN
fsr-3808	203	19	utnd	utnd	PROPN
fsr-3808	203	20	.	.	PUNCT
fsr-3808	204	1	the	the	DET
fsr-3808	204	2	critical	critical	ADJ
fsr-3808	204	3	value	value	NOUN
fsr-3808	204	4	of	of	ADP
fsr-3808	204	5	this	this	DET
fsr-3808	204	6	statistic	statistic	NOUN
fsr-3808	204	7	at	at	ADP
fsr-3808	204	8	the	the	DET
fsr-3808	204	9	5	5	NUM
fsr-3808	204	10	percent	percent	NOUN
fsr-3808	204	11	level	level	NOUN
fsr-3808	204	12	is	be	AUX
fsr-3808	204	13	0.146	0.146	NUM
fsr-3808	204	14	.	.	PUNCT
fsr-3808	205	1	similar	similar	ADJ
fsr-3808	205	2	in	in	ADP
fsr-3808	205	3	terms	term	NOUN
fsr-3808	205	4	of	of	ADP
fsr-3808	205	5	their	their	PRON
fsr-3808	205	6	stationarity	stationarity	NOUN
fsr-3808	205	7	properties	property	NOUN
fsr-3808	205	8	,	,	PUNCT
fsr-3808	205	9	it	it	PRON
fsr-3808	205	10	is	be	AUX
fsr-3808	205	11	conceivable	conceivable	ADJ
fsr-3808	205	12	to	to	PART
fsr-3808	205	13	think	think	VERB
fsr-3808	205	14	that	that	SCONJ
fsr-3808	205	15	they	they	PRON
fsr-3808	205	16	are	be	AUX
fsr-3808	205	17	cointegrated	cointegrate	VERB
fsr-3808	205	18	based	base	VERB
fsr-3808	205	19	on	on	ADP
fsr-3808	205	20	engle	engle	PROPN
fsr-3808	205	21	and	and	CCONJ
fsr-3808	205	22	granger	granger	PROPN
fsr-3808	205	23	(	(	PUNCT
fsr-3808	205	24	1987	1987	NUM
fsr-3808	205	25	)	)	PUNCT
fsr-3808	205	26	representation	representation	NOUN
fsr-3808	205	27	theorem	theorem	VERB
fsr-3808	205	28	.	.	PUNCT
fsr-3808	206	1	the	the	DET
fsr-3808	206	2	results	result	NOUN
fsr-3808	206	3	of	of	ADP
fsr-3808	206	4	the	the	DET
fsr-3808	206	5	johansen	johansen	PROPN
fsr-3808	206	6	cointegrafion	cointegrafion	PROPN
fsr-3808	206	7	test	test	NOUN
fsr-3808	206	8	are	be	AUX
fsr-3808	206	9	reported	report	VERB
fsr-3808	206	10	in	in	ADP
fsr-3808	206	11	table	table	NOUN
fsr-3808	206	12	2	2	NUM
fsr-3808	206	13	.	.	PUNCT
fsr-3808	207	1	the	the	DET
fsr-3808	207	2	likelihood	likelihood	NOUN
fsr-3808	207	3	ratio	ratio	NOUN
fsr-3808	207	4	test	test	NOUN
fsr-3808	207	5	of	of	ADP
fsr-3808	207	6	the	the	DET
fsr-3808	207	7	maximum	maximum	PROPN
fsr-3808	207	8	eigenvalue	eigenvalue	NOUN
fsr-3808	207	9	indicates	indicate	VERB
fsr-3808	207	10	only	only	ADV
fsr-3808	207	11	one	one	NUM
fsr-3808	207	12	cointegrating	cointegrate	VERB
fsr-3808	207	13	equation	equation	NOUN
fsr-3808	207	14	between	between	ADP
fsr-3808	207	15	credit	credit	NOUN
fsr-3808	207	16	card	card	NOUN
fsr-3808	207	17	rates	rate	NOUN
fsr-3808	207	18	and	and	CCONJ
fsr-3808	207	19	cost	cost	NOUN
fsr-3808	207	20	of	of	ADP
fsr-3808	207	21	funds	fund	NOUN
fsr-3808	207	22	.	.	PUNCT
fsr-3808	208	1	the	the	DET
fsr-3808	208	2	implication	implication	NOUN
fsr-3808	208	3	is	be	AUX
fsr-3808	208	4	that	that	SCONJ
fsr-3808	208	5	credit	credit	NOUN
fsr-3808	208	6	card	card	NOUN
fsr-3808	208	7	rates	rate	NOUN
fsr-3808	208	8	and	and	CCONJ
fsr-3808	208	9	the	the	DET
fsr-3808	208	10	cost	cost	NOUN
fsr-3808	208	11	of	of	ADP
fsr-3808	208	12	funds	fund	NOUN
fsr-3808	208	13	have	have	VERB
fsr-3808	208	14	an	an	DET
fsr-3808	208	15	equilibrium	equilibrium	NOUN
fsr-3808	208	16	condition	condition	NOUN
fsr-3808	208	17	that	that	PRON
fsr-3808	208	18	keeps	keep	VERB
fsr-3808	208	19	them	they	PRON
fsr-3808	208	20	in	in	ADP
fsr-3808	208	21	proportion	proportion	NOUN
fsr-3808	208	22	to	to	ADP
fsr-3808	208	23	each	each	DET
fsr-3808	208	24	other	other	ADJ
fsr-3808	208	25	in	in	ADP
fsr-3808	208	26	the	the	DET
fsr-3808	208	27	long	long	ADV
fsr-3808	208	28	-	-	PUNCT
fsr-3808	208	29	ran	ran	NOUN
fsr-3808	208	30	.	.	PUNCT
fsr-3808	209	1	the	the	DET
fsr-3808	209	2	results	result	NOUN
fsr-3808	209	3	here	here	ADV
fsr-3808	209	4	indicate	indicate	VERB
fsr-3808	209	5	that	that	SCONJ
fsr-3808	209	6	between	between	ADP
fsr-3808	209	7	1982	1982	NUM
fsr-3808	209	8	and	and	CCONJ
fsr-3808	209	9	1994	1994	NUM
fsr-3808	209	10	,	,	PUNCT
fsr-3808	209	11	credit	credit	NOUN
fsr-3808	209	12	card	card	NOUN
fsr-3808	209	13	rates	rate	NOUN
fsr-3808	209	14	have	have	VERB
fsr-3808	209	15	a	a	DET
fsr-3808	209	16	consistent	consistent	ADJ
fsr-3808	209	17	long	long	ADJ
fsr-3808	209	18	-	-	PUNCT
fsr-3808	209	19	rim	rim	NOUN
fsr-3808	209	20	eqnilibrium	eqnilibrium	NOUN
fsr-3808	209	21	relationship	relationship	NOUN
fsr-3808	209	22	with	with	ADP
fsr-3808	209	23	the	the	DET
fsr-3808	209	24	cost	cost	NOUN
fsr-3808	209	25	of	of	ADP
fsr-3808	209	26	funds	fund	NOUN
fsr-3808	209	27	.	.	PUNCT
fsr-3808	210	1	these	these	DET
fsr-3808	210	2	results	result	NOUN
fsr-3808	210	3	are	be	AUX
fsr-3808	210	4	con	con	NOUN
fsr-3808	210	5	sistent	sistent	NOUN
fsr-3808	210	6	with	with	ADP
fsr-3808	210	7	those	those	PRON
fsr-3808	210	8	of	of	ADP
fsr-3808	210	9	brito	brito	PROPN
fsr-3808	210	10	and	and	CCONJ
fsr-3808	210	11	hartley	hartley	PROPN
fsr-3808	210	12	(	(	PUNCT
fsr-3808	210	13	1995	1995	NUM
fsr-3808	210	14	)	)	PUNCT
fsr-3808	210	15	who	who	PRON
fsr-3808	210	16	report	report	VERB
fsr-3808	210	17	that	that	SCONJ
fsr-3808	210	18	credit	credit	NOUN
fsr-3808	210	19	card	card	NOUN
fsr-3808	210	20	interest	interest	NOUN
fsr-3808	210	21	rate	rate	NOUN
fsr-3808	210	22	and	and	CCONJ
fsr-3808	210	23	the	the	DET
fsr-3808	210	24	6	6	NUM
fsr-3808	210	25	-	-	PUNCT
fsr-3808	210	26	month	month	NOUN
fsr-3808	210	27	cd	cd	NOUN
fsr-3808	210	28	rate	rate	NOUN
fsr-3808	210	29	are	be	AUX
fsr-3808	210	30	cointegrated	cointegrate	VERB
fsr-3808	210	31	.	.	PUNCT
fsr-3808	211	1	the	the	DET
fsr-3808	211	2	estimated	estimate	VERB
fsr-3808	211	3	long	long	ADV
fsr-3808	211	4	-	-	PUNCT
fsr-3808	211	5	run	run	VERB
fsr-3808	211	6	or	or	CCONJ
fsr-3808	211	7	cointegrating	cointegrate	VERB
fsr-3808	211	8	relationship	relationship	NOUN
fsr-3808	211	9	is	be	AUX
fsr-3808	211	10	of	of	ADP
fsr-3808	211	11	the	the	DET
fsr-3808	211	12	form	form	NOUN
fsr-3808	211	13	rate	rate	NOUN
fsr-3808	211	14	t	t	NOUN
fsr-3808	211	15	=	=	PUNCT
fsr-3808	211	16	14.703	14.703	NUM
fsr-3808	211	17	+	+	CCONJ
fsr-3808	211	18	0.448	0.448	NUM
fsr-3808	211	19	costt	costt	NOUN
fsr-3808	211	20	_	_	NOUN
fsr-3808	211	21	1	1	X
fsr-3808	211	22	.	.	PUNCT
fsr-3808	212	1	this	this	DET
fsr-3808	212	2	relationship	relationship	NOUN
fsr-3808	212	3	implies	imply	VERB
fsr-3808	212	4	that	that	SCONJ
fsr-3808	212	5	the	the	DET
fsr-3808	212	6	long	long	ADV
fsr-3808	212	7	-	-	PUNCT
fsr-3808	212	8	run	run	NOUN
fsr-3808	212	9	spread	spread	NOUN
fsr-3808	212	10	between	between	ADP
fsr-3808	212	11	ratet	ratet	NOUN
fsr-3808	212	12	and	and	CCONJ
fsr-3808	212	13	costt	costt	PROPN
fsr-3808	212	14	_	_	NOUN
fsr-3808	212	15	1	1	NUM
fsr-3808	212	16	is	be	AUX
fsr-3808	212	17	14.703	14.703	NUM
fsr-3808	212	18	percent	percent	NOUN
fsr-3808	212	19	less	less	ADJ
fsr-3808	212	20	0.552	0.552	NUM
fsr-3808	212	21	costt	costt	NOUN
fsr-3808	212	22	_	_	NOUN
fsr-3808	212	23	1	1	NUM
fsr-3808	212	24	.	.	PUNCT
fsr-3808	213	1	the	the	DET
fsr-3808	213	2	implication	implication	NOUN
fsr-3808	213	3	of	of	ADP
fsr-3808	213	4	this	this	PRON
fsr-3808	213	5	is	be	AUX
fsr-3808	213	6	that	that	SCONJ
fsr-3808	213	7	the	the	DET
fsr-3808	213	8	long	long	ADV
fsr-3808	213	9	-	-	PUNCT
fsr-3808	213	10	run	run	NOUN
fsr-3808	213	11	spread	spread	ADJ
fsr-3808	213	12	increases	increase	NOUN
fsr-3808	213	13	as	as	SCONJ
fsr-3808	213	14	the	the	DET
fsr-3808	213	15	cost	cost	NOUN
fsr-3808	213	16	of	of	ADP
fsr-3808	213	17	funds	fund	NOUN
fsr-3808	213	18	falls	fall	VERB
fsr-3808	213	19	and	and	CCONJ
fsr-3808	213	20	decreases	decrease	NOUN
fsr-3808	213	21	as	as	SCONJ
fsr-3808	213	22	the	the	DET
fsr-3808	213	23	cost	cost	NOUN
fsr-3808	213	24	of	of	ADP
fsr-3808	213	25	funds	fund	NOUN
fsr-3808	213	26	rises	rise	VERB
fsr-3808	213	27	.	.	PUNCT
fsr-3808	214	1	the	the	DET
fsr-3808	214	2	preceding	precede	VERB
fsr-3808	214	3	results	result	NOUN
fsr-3808	214	4	indicate	indicate	VERB
fsr-3808	214	5	that	that	SCONJ
fsr-3808	214	6	credit	credit	NOUN
fsr-3808	214	7	card	card	NOUN
fsr-3808	214	8	rates	rate	NOUN
fsr-3808	214	9	and	and	CCONJ
fsr-3808	214	10	cost	cost	NOUN
fsr-3808	214	11	of	of	ADP
fsr-3808	214	12	funds	fund	NOUN
fsr-3808	214	13	are	be	AUX
fsr-3808	214	14	cointe	cointe	NOUN
fsr-3808	214	15	grated	grate	VERB
fsr-3808	214	16	.	.	PUNCT
fsr-3808	215	1	therefore	therefore	ADV
fsr-3808	215	2	,	,	PUNCT
fsr-3808	215	3	an	an	DET
fsr-3808	215	4	error	error	NOUN
fsr-3808	215	5	correction	correction	NOUN
fsr-3808	215	6	model	model	NOUN
fsr-3808	215	7	can	can	AUX
fsr-3808	215	8	be	be	AUX
fsr-3808	215	9	fitted	fit	VERB
fsr-3808	215	10	to	to	PART
fsr-3808	215	11	determine	determine	VERB
fsr-3808	215	12	the	the	DET
fsr-3808	215	13	short	short	ADJ
fsr-3808	215	14	-	-	PUNCT
fsr-3808	215	15	term	term	NOUN
fsr-3808	215	16	changes	change	NOUN
fsr-3808	215	17	in	in	ADP
fsr-3808	215	18	the	the	DET
fsr-3808	215	19	response	response	NOUN
fsr-3808	215	20	of	of	ADP
fsr-3808	215	21	credit	credit	NOUN
fsr-3808	215	22	card	card	NOUN
fsr-3808	215	23	rates	rate	NOUN
fsr-3808	215	24	to	to	ADP
fsr-3808	215	25	changes	change	NOUN
fsr-3808	215	26	in	in	ADP
fsr-3808	215	27	the	the	DET
fsr-3808	215	28	cost	cost	NOUN
fsr-3808	215	29	of	of	ADP
fsr-3808	215	30	funds	fund	NOUN
fsr-3808	215	31	.	.	PUNCT
fsr-3808	216	1	in	in	ADP
fsr-3808	216	2	table	table	NOUN
fsr-3808	216	3	3	3	NUM
fsr-3808	216	4	,	,	PUNCT
fsr-3808	216	5	the	the	DET
fsr-3808	216	6	coefficient	coefficient	NOUN
fsr-3808	216	7	of	of	ADP
fsr-3808	216	8	the	the	DET
fsr-3808	216	9	cointegrating	cointegrate	VERB
fsr-3808	216	10	equation	equation	NOUN
fsr-3808	216	11	(	(	PUNCT
fsr-3808	216	12	cointeql	cointeql	NOUN
fsr-3808	216	13	)	)	PUNCT
fsr-3808	216	14	measures	measure	VERB
fsr-3808	216	15	the	the	DET
fsr-3808	216	16	rate	rate	NOUN
fsr-3808	216	17	at	at	ADP
fsr-3808	216	18	which	which	PRON
fsr-3808	216	19	dise	dise	NOUN
fsr-3808	216	20	quilibria	quilibria	PROPN
fsr-3808	216	21	in	in	ADP
fsr-3808	216	22	the	the	DET
fsr-3808	216	23	long	long	ADJ
fsr-3808	216	24	-	-	PUNCT
fsr-3808	216	25	term	term	NOUN
fsr-3808	216	26	relationship	relationship	NOUN
fsr-3808	216	27	are	be	AUX
fsr-3808	216	28	corrected	correct	VERB
fsr-3808	216	29	.	.	PUNCT
fsr-3808	217	1	in	in	ADP
fsr-3808	217	2	other	other	ADJ
fsr-3808	217	3	words	word	NOUN
fsr-3808	217	4	,	,	PUNCT
fsr-3808	217	5	it	it	PRON
fsr-3808	217	6	is	be	AUX
fsr-3808	217	7	the	the	DET
fsr-3808	217	8	speed	speed	NOUN
fsr-3808	217	9	of	of	ADP
fsr-3808	217	10	62	62	NUM
fsr-3808	217	11	financial	financial	ADJ
fsr-3808	217	12	services	service	NOUN
fsr-3808	217	13	review	review	VERB
fsr-3808	217	14	6(1	6(1	NUM
fsr-3808	217	15	)	)	PUNCT
fsr-3808	217	16	1997	1997	NUM
fsr-3808	217	17	table	table	NOUN
fsr-3808	217	18	2	2	NUM
fsr-3808	217	19	johansen	johansen	PROPN
fsr-3808	217	20	cointegration	cointegration	NOUN
fsr-3808	217	21	results	result	VERB
fsr-3808	217	22	zero	zero	NUM
fsr-3808	217	23	c	c	NOUN
fsr-3808	217	24	.~	.~	NOUN
fsr-3808	217	25	at	at	ADP
fsr-3808	217	26	most	most	ADV
fsr-3808	217	27	one	one	NUM
fsr-3808	217	28	c.e	c.e	PROPN
fsr-3808	217	29	.	.	PUNCT
fsr-3808	217	30	eigenvalue	eigenvalue	PROPN
fsr-3808	217	31	likelihood	likelihood	NOUN
fsr-3808	217	32	ratio	ratio	NOUN
fsr-3808	217	33	normalized	normalize	VERB
fsr-3808	217	34	cointergrafing	cointergrafe	VERB
fsr-3808	217	35	equation	equation	NOUN
fsr-3808	217	36	:	:	PUNCT
fsr-3808	217	37	rater	rater	NOUN
fsr-3808	217	38	0.253	0.253	NUM
fsr-3808	217	39	0.098	0.098	NUM
fsr-3808	217	40	18.207	18.207	NUM
fsr-3808	217	41	"	"	PUNCT
fsr-3808	217	42	4.761	4.761	NUM
fsr-3808	217	43	14.282	14.282	NUM
fsr-3808	217	44	0.504cost	0.504cost	NOUN
fsr-3808	218	1	t	t	X
fsr-3808	218	2	_	_	SYM
fsr-3808	218	3	1	1	NUM
fsr-3808	218	4	notes	note	NOUN
fsr-3808	218	5	:	:	PUNCT
fsr-3808	218	6	*	*	PUNCT
fsr-3808	218	7	rejection	rejection	NOUN
fsr-3808	218	8	of	of	ADP
fsr-3808	218	9	the	the	DET
fsr-3808	218	10	null	null	ADJ
fsr-3808	218	11	hypothesis	hypothesis	NOUN
fsr-3808	218	12	at	at	ADP
fsr-3808	218	13	the	the	DET
fsr-3808	218	14	5	5	NUM
fsr-3808	218	15	percent	percent	NOUN
fsr-3808	218	16	level	level	NOUN
fsr-3808	218	17	.	.	PUNCT
fsr-3808	219	1	c.e	c.e	NOUN
fsr-3808	219	2	.	.	PUNCT
fsr-3808	220	1	=	=	PRON
fsr-3808	220	2	cointegrating	cointegrate	VERB
fsr-3808	220	3	equation	equation	NOUN
fsr-3808	220	4	.	.	PUNCT
fsr-3808	221	1	likelihood	likelihood	NOUN
fsr-3808	221	2	ratio	ratio	NOUN
fsr-3808	221	3	test	test	NOUN
fsr-3808	221	4	=	=	SYM
fsr-3808	221	5	1	1	NUM
fsr-3808	221	6	cointegrating	cointegrate	VERB
fsr-3808	221	7	equation	equation	NOUN
fsr-3808	221	8	at	at	ADP
fsr-3808	221	9	the	the	DET
fsr-3808	221	10	5	5	NUM
fsr-3808	221	11	%	%	NOUN
fsr-3808	221	12	level	level	NOUN
fsr-3808	221	13	.	.	PUNCT
fsr-3808	221	14	adjustment	adjustment	NOUN
fsr-3808	221	15	of	of	ADP
fsr-3808	221	16	any	any	DET
fsr-3808	221	17	disequilibrium	disequilibrium	NOUN
fsr-3808	221	18	towards	towards	ADP
fsr-3808	221	19	a	a	DET
fsr-3808	221	20	long	long	ADV
fsr-3808	221	21	-	-	PUNCT
fsr-3808	221	22	run	run	VERB
fsr-3808	221	23	equilibrium	equilibrium	NOUN
fsr-3808	221	24	state	state	NOUN
fsr-3808	221	25	.	.	PUNCT
fsr-3808	222	1	thus	thus	ADV
fsr-3808	222	2	,	,	PUNCT
fsr-3808	222	3	a	a	DET
fsr-3808	222	4	number	number	NOUN
fsr-3808	222	5	of-0.146	of-0.146	NOUN
fsr-3808	222	6	reported	report	VERB
fsr-3808	222	7	in	in	ADP
fsr-3808	222	8	table	table	NOUN
fsr-3808	222	9	3	3	NUM
fsr-3808	222	10	(	(	PUNCT
fsr-3808	222	11	column	column	NOUN
fsr-3808	222	12	2	2	NUM
fsr-3808	222	13	)	)	PUNCT
fsr-3808	222	14	means	mean	VERB
fsr-3808	222	15	that	that	SCONJ
fsr-3808	222	16	eq!filibrium	eq!filibrium	PROPN
fsr-3808	222	17	errors	error	NOUN
fsr-3808	222	18	are	be	AUX
fsr-3808	222	19	corrected	correct	VERB
fsr-3808	222	20	in	in	ADP
fsr-3808	222	21	the	the	DET
fsr-3808	222	22	short	short	NOUN
fsr-3808	222	23	-	-	PUNCT
fsr-3808	222	24	run	run	NOUN
fsr-3808	222	25	at	at	ADP
fsr-3808	222	26	the	the	DET
fsr-3808	222	27	rate	rate	NOUN
fsr-3808	222	28	of	of	ADP
fsr-3808	222	29	about	about	ADV
fsr-3808	222	30	15	15	NUM
fsr-3808	222	31	percent	percent	NOUN
fsr-3808	222	32	per	per	ADP
fsr-3808	222	33	quarter	quarter	NOUN
fsr-3808	222	34	.	.	PUNCT
fsr-3808	223	1	the	the	DET
fsr-3808	223	2	negative	negative	ADJ
fsr-3808	223	3	sign	sign	NOUN
fsr-3808	223	4	associated	associate	VERB
fsr-3808	223	5	with	with	ADP
fsr-3808	223	6	the	the	DET
fsr-3808	223	7	error	error	NOUN
fsr-3808	223	8	correction	correction	NOUN
fsr-3808	223	9	term	term	NOUN
fsr-3808	223	10	assures	assure	VERB
fsr-3808	223	11	that	that	SCONJ
fsr-3808	223	12	both	both	DET
fsr-3808	223	13	credit	credit	NOUN
fsr-3808	223	14	card	card	NOUN
fsr-3808	223	15	rates	rate	NOUN
fsr-3808	223	16	and	and	CCONJ
fsr-3808	223	17	cost	cost	NOUN
fsr-3808	223	18	of	of	ADP
fsr-3808	223	19	funds	fund	NOUN
fsr-3808	223	20	con	con	PROPN
fsr-3808	223	21	verge	verge	NOUN
fsr-3808	223	22	to	to	ADP
fsr-3808	223	23	their	their	PRON
fsr-3808	223	24	long	long	ADJ
fsr-3808	223	25	-	-	PUNCT
fsr-3808	223	26	run	run	NOUN
fsr-3808	223	27	equilibrium	equilibrium	NOUN
fsr-3808	223	28	,	,	PUNCT
fsr-3808	223	29	following	follow	VERB
fsr-3808	223	30	a	a	DET
fsr-3808	223	31	response	response	NOUN
fsr-3808	223	32	to	to	ADP
fsr-3808	223	33	innovation	innovation	NOUN
fsr-3808	223	34	shocks	shock	NOUN
fsr-3808	223	35	.	.	PUNCT
fsr-3808	224	1	the	the	DET
fsr-3808	224	2	evi	evi	NOUN
fsr-3808	224	3	dence	dence	NOUN
fsr-3808	224	4	here	here	ADV
fsr-3808	224	5	indicates	indicate	VERB
fsr-3808	224	6	that	that	SCONJ
fsr-3808	224	7	credit	credit	NOUN
fsr-3808	224	8	card	card	NOUN
fsr-3808	224	9	rates	rate	NOUN
fsr-3808	224	10	adjust	adjust	VERB
fsr-3808	224	11	relatively	relatively	ADV
fsr-3808	224	12	slowly	slowly	ADV
fsr-3808	224	13	to	to	ADP
fsr-3808	224	14	equilibrium	equilibrium	NOUN
fsr-3808	224	15	errors	error	NOUN
fsr-3808	224	16	.	.	PUNCT
fsr-3808	225	1	based	base	VERB
fsr-3808	225	2	on	on	ADP
fsr-3808	225	3	these	these	DET
fsr-3808	225	4	results	result	NOUN
fsr-3808	225	5	,	,	PUNCT
fsr-3808	225	6	the	the	DET
fsr-3808	225	7	single	single	ADJ
fsr-3808	225	8	-	-	PUNCT
fsr-3808	225	9	equation	equation	NOUN
fsr-3808	225	10	error	error	NOUN
fsr-3808	225	11	correction	correction	NOUN
fsr-3808	225	12	model	model	NOUN
fsr-3808	225	13	of	of	ADP
fsr-3808	225	14	credit	credit	NOUN
fsr-3808	225	15	card	card	NOUN
fsr-3808	225	16	rates	rate	NOUN
fsr-3808	225	17	is	be	AUX
fsr-3808	225	18	of	of	ADP
fsr-3808	225	19	the	the	DET
fsr-3808	225	20	form	form	NOUN
fsr-3808	225	21	:	:	PUNCT
fsr-3808	225	22	arate	arate	PROPN
fsr-3808	225	23	t	t	PROPN
fsr-3808	225	24	=	=	PUNCT
fsr-3808	226	1	0.044	0.044	NUM
fsr-3808	226	2	+	+	CCONJ
fsr-3808	226	3	0.321arate	0.321arate	NUM
fsr-3808	226	4	t	t	NOUN
fsr-3808	226	5	_	_	NOUN
fsr-3808	226	6	1	1	NUM
fsr-3808	226	7	0.146	0.146	NUM
fsr-3808	226	8	(	(	PUNCT
fsr-3808	226	9	ratet	ratet	NOUN
fsr-3808	226	10	1	1	NUM
fsr-3808	226	11	0"448costt2	0"448costt2	NOUN
fsr-3808	226	12	14.703	14.703	NUM
fsr-3808	226	13	)	)	PUNCT
fsr-3808	227	1	+	+	CCONJ
fsr-3808	227	2	e	e	X
fsr-3808	227	3	t	t	PROPN
fsr-3808	227	4	(	(	PUNCT
fsr-3808	227	5	8)	8)	NUM
fsr-3808	227	6	the	the	DET
fsr-3808	227	7	reslxicted	reslxicte	VERB
fsr-3808	227	8	vector	vector	NOUN
fsr-3808	227	9	autoregression	autoregression	NOUN
fsr-3808	227	10	(	(	PUNCT
fsr-3808	227	11	var	var	NOUN
fsr-3808	227	12	)	)	PUNCT
fsr-3808	227	13	approach	approach	NOUN
fsr-3808	227	14	is	be	AUX
fsr-3808	227	15	used	use	VERB
fsr-3808	227	16	here	here	ADV
fsr-3808	227	17	in	in	ADP
fsr-3808	227	18	an	an	DET
fsr-3808	227	19	effort	effort	NOUN
fsr-3808	227	20	to	to	PART
fsr-3808	227	21	cor	cor	PROPN
fsr-3808	227	22	rectly	rectly	ADV
fsr-3808	227	23	specify	specify	VERB
fsr-3808	227	24	the	the	DET
fsr-3808	227	25	lag	lag	NOUN
fsr-3808	227	26	lengths	length	NOUN
fsr-3808	227	27	for	for	ADP
fsr-3808	227	28	the	the	DET
fsr-3808	227	29	short	short	ADJ
fsr-3808	227	30	-	-	PUNCT
fsr-3808	227	31	term	term	NOUN
fsr-3808	227	32	effects	effect	NOUN
fsr-3808	227	33	(	(	PUNCT
fsr-3808	227	34	johansen	johansen	PROPN
fsr-3808	227	35	,	,	PUNCT
fsr-3808	227	36	1988	1988	NUM
fsr-3808	227	37	)	)	PUNCT
fsr-3808	227	38	.	.	PUNCT
fsr-3808	228	1	from	from	ADP
fsr-3808	228	2	the	the	DET
fsr-3808	228	3	equation	equation	NOUN
fsr-3808	228	4	above	above	ADV
fsr-3808	228	5	,	,	PUNCT
fsr-3808	228	6	it	it	PRON
fsr-3808	228	7	is	be	AUX
fsr-3808	228	8	obvious	obvious	ADJ
fsr-3808	228	9	that	that	SCONJ
fsr-3808	228	10	there	there	PRON
fsr-3808	228	11	is	be	VERB
fsr-3808	228	12	no	no	DET
fsr-3808	228	13	short	short	ADJ
fsr-3808	228	14	term	term	NOUN
fsr-3808	228	15	dynamics	dynamic	NOUN
fsr-3808	228	16	between	between	ADP
fsr-3808	228	17	rate	rate	NOUN
fsr-3808	228	18	and	and	CCONJ
fsr-3808	228	19	cost	cost	NOUN
fsr-3808	228	20	,	,	PUNCT
fsr-3808	228	21	because	because	SCONJ
fsr-3808	228	22	the	the	DET
fsr-3808	228	23	coefficients	coefficient	NOUN
fsr-3808	228	24	of	of	ADP
fsr-3808	228	25	acostt	acostt	NOUN
fsr-3808	228	26	_	_	NOUN
fsr-3808	228	27	2	2	NUM
fsr-3808	228	28	and	and	CCONJ
fsr-3808	228	29	acostt	acostt	NOUN
fsr-3808	228	30	.	.	PUNCT
fsr-3808	229	1	3	3	NUM
fsr-3808	229	2	are	be	AUX
fsr-3808	229	3	not	not	PART
fsr-3808	229	4	statistically	statistically	ADV
fsr-3808	229	5	significant	significant	ADJ
fsr-3808	229	6	(	(	PUNCT
fsr-3808	229	7	see	see	VERB
fsr-3808	229	8	table	table	NOUN
fsr-3808	229	9	3	3	NUM
fsr-3808	229	10	)	)	PUNCT
fsr-3808	229	11	.	.	PUNCT
fsr-3808	230	1	moreover	moreover	ADV
fsr-3808	230	2	,	,	PUNCT
fsr-3808	230	3	the	the	DET
fsr-3808	230	4	error	error	NOUN
fsr-3808	230	5	correction	correction	NOUN
fsr-3808	230	6	mechanism	mechanism	NOUN
fsr-3808	230	7	also	also	ADV
fsr-3808	230	8	shows	show	VERB
fsr-3808	230	9	that	that	SCONJ
fsr-3808	230	10	changes	change	NOUN
fsr-3808	230	11	in	in	ADP
fsr-3808	230	12	the	the	DET
fsr-3808	230	13	credit	credit	NOUN
fsr-3808	230	14	card	card	NOUN
fsr-3808	230	15	rate	rate	NOUN
fsr-3808	230	16	is	be	AUX
fsr-3808	230	17	influenced	influence	VERB
fsr-3808	230	18	by	by	ADP
fsr-3808	230	19	previous	previous	ADJ
fsr-3808	230	20	changes	change	NOUN
fsr-3808	230	21	.	.	PUNCT
fsr-3808	231	1	the	the	DET
fsr-3808	231	2	granger	granger	PROPN
fsr-3808	231	3	causality	causality	PROPN
fsr-3808	231	4	test	test	NOUN
fsr-3808	231	5	results	result	NOUN
fsr-3808	231	6	also	also	ADV
fsr-3808	231	7	confirm	confirm	VERB
fsr-3808	231	8	that	that	SCONJ
fsr-3808	231	9	the	the	DET
fsr-3808	231	10	treasury	treasury	PROPN
fsr-3808	231	11	bill	bill	NOUN
fsr-3808	231	12	rate	rate	NOUN
fsr-3808	231	13	(	(	PUNCT
fsr-3808	231	14	cost	cost	NOUN
fsr-3808	231	15	)	)	PUNCT
fsr-3808	231	16	has	have	VERB
fsr-3808	231	17	a	a	DET
fsr-3808	231	18	strong	strong	ADJ
fsr-3808	231	19	predictive	predictive	ADJ
fsr-3808	231	20	power	power	NOUN
fsr-3808	231	21	for	for	ADP
fsr-3808	231	22	explaining	explain	VERB
fsr-3808	231	23	credit	credit	NOUN
fsr-3808	231	24	card	card	NOUN
fsr-3808	231	25	rates	rate	NOUN
fsr-3808	231	26	(	(	PUNCT
fsr-3808	231	27	rate	rate	NOUN
fsr-3808	231	28	)	)	PUNCT
fsr-3808	231	29	.	.	PUNCT
fsr-3808	232	1	incidentally	incidentally	ADV
fsr-3808	232	2	,	,	PUNCT
fsr-3808	232	3	the	the	DET
fsr-3808	232	4	credit	credit	NOUN
fsr-3808	232	5	card	card	NOUN
fsr-3808	232	6	rate	rate	NOUN
fsr-3808	232	7	does	do	AUX
fsr-3808	232	8	not	not	PART
fsr-3808	232	9	granger	granger	NOUN
fsr-3808	232	10	-	-	PUNCT
fsr-3808	232	11	cause	cause	VERB
fsr-3808	232	12	the	the	DET
fsr-3808	232	13	cost	cost	NOUN
fsr-3808	232	14	of	of	ADP
fsr-3808	232	15	funds	fund	NOUN
fsr-3808	232	16	as	as	SCONJ
fsr-3808	232	17	defined	define	VERB
fsr-3808	232	18	in	in	ADP
fsr-3808	232	19	this	this	DET
fsr-3808	232	20	study	study	NOUN
fsr-3808	232	21	.	.	PUNCT
fsr-3808	233	1	an	an	DET
fsr-3808	233	2	interesting	interesting	ADJ
fsr-3808	233	3	part	part	NOUN
fsr-3808	233	4	of	of	ADP
fsr-3808	233	5	this	this	DET
fsr-3808	233	6	result	result	NOUN
fsr-3808	233	7	is	be	AUX
fsr-3808	233	8	the	the	DET
fsr-3808	233	9	strong	strong	ADJ
fsr-3808	233	10	exogeneity	exogeneity	NOUN
fsr-3808	233	11	of	of	ADP
fsr-3808	233	12	the	the	DET
fsr-3808	233	13	cost	cost	NOUN
fsr-3808	233	14	of	of	ADP
fsr-3808	233	15	funds	fund	NOUN
fsr-3808	233	16	.	.	PUNCT
fsr-3808	234	1	the	the	DET
fsr-3808	234	2	f	f	NOUN
fsr-3808	234	3	-	-	PUNCT
fsr-3808	234	4	test	test	NOUN
fsr-3808	234	5	of	of	ADP
fsr-3808	234	6	the	the	DET
fsr-3808	234	7	lagged	lag	VERB
fsr-3808	234	8	credit	credit	NOUN
fsr-3808	234	9	card	card	NOUN
fsr-3808	234	10	rates	rate	NOUN
fsr-3808	234	11	suggests	suggest	VERB
fsr-3808	234	12	that	that	SCONJ
fsr-3808	234	13	cost	cost	NOUN
fsr-3808	234	14	of	of	ADP
fsr-3808	234	15	funds	fund	NOUN
fsr-3808	234	16	is	be	AUX
fsr-3808	234	17	weakly	weakly	ADV
fsr-3808	234	18	exogenous	exogenous	ADJ
fsr-3808	234	19	.	.	PUNCT
fsr-3808	235	1	the	the	DET
fsr-3808	235	2	statis	statis	PROPN
fsr-3808	235	3	tical	tical	NOUN
fsr-3808	235	4	insi,,l	insi,,l	PROPN
fsr-3808	236	1	~	~	SYM
fsr-3808	236	2	aificance	aificance	NOUN
fsr-3808	236	3	of	of	ADP
fsr-3808	236	4	the	the	DET
fsr-3808	236	5	coefficient	coefficient	NOUN
fsr-3808	236	6	of	of	ADP
fsr-3808	236	7	the	the	DET
fsr-3808	236	8	error	error	NOUN
fsr-3808	236	9	-	-	PUNCT
fsr-3808	236	10	correction	correction	NOUN
fsr-3808	236	11	equation	equation	NOUN
fsr-3808	236	12	reported	report	VERB
fsr-3808	236	13	in	in	ADP
fsr-3808	236	14	table	table	NOUN
fsr-3808	236	15	3	3	NUM
fsr-3808	236	16	(	(	PUNCT
fsr-3808	236	17	column	column	NOUN
fsr-3808	236	18	3	3	NUM
fsr-3808	236	19	)	)	PUNCT
fsr-3808	236	20	is	be	AUX
fsr-3808	236	21	also	also	ADV
fsr-3808	236	22	evidence	evidence	NOUN
fsr-3808	236	23	of	of	ADP
fsr-3808	236	24	a	a	DET
fsr-3808	236	25	weakly	weakly	ADJ
fsr-3808	236	26	exogenous	exogenous	ADJ
fsr-3808	236	27	cost	cost	NOUN
fsr-3808	236	28	of	of	ADP
fsr-3808	236	29	funds	fund	NOUN
fsr-3808	236	30	.	.	PUNCT
fsr-3808	237	1	an	an	DET
fsr-3808	237	2	exogeneity	exogeneity	NOUN
fsr-3808	237	3	test	test	NOUN
fsr-3808	237	4	is	be	AUX
fsr-3808	237	5	carried	carry	VERB
fsr-3808	237	6	out	out	ADP
fsr-3808	237	7	following	follow	VERB
fsr-3808	237	8	kwan	kwan	PROPN
fsr-3808	237	9	and	and	CCONJ
fsr-3808	237	10	kwok	kwok	PROPN
fsr-3808	237	11	(	(	PUNCT
fsr-3808	237	12	1995	1995	NUM
fsr-3808	237	13	)	)	PUNCT
fsr-3808	237	14	.	.	PUNCT
fsr-3808	238	1	an	an	DET
fsr-3808	238	2	f	f	X
fsr-3808	238	3	-	-	PUNCT
fsr-3808	238	4	statistic	statistic	NOUN
fsr-3808	238	5	of	of	ADP
fsr-3808	238	6	lagged	lag	VERB
fsr-3808	238	7	credit	credit	NOUN
fsr-3808	238	8	card	card	NOUN
fsr-3808	238	9	rates	rate	NOUN
fsr-3808	238	10	of	of	ADP
fsr-3808	238	11	3.023	3.023	NUM
fsr-3808	238	12	confirms	confirm	VERB
fsr-3808	238	13	the	the	DET
fsr-3808	238	14	weak	weak	ADJ
fsr-3808	238	15	exogeneity	exogeneity	NOUN
fsr-3808	238	16	of	of	ADP
fsr-3808	238	17	the	the	DET
fsr-3808	238	18	cost	cost	NOUN
fsr-3808	238	19	of	of	ADP
fsr-3808	238	20	funds	fund	NOUN
fsr-3808	238	21	.	.	PUNCT
fsr-3808	239	1	in	in	ADP
fsr-3808	239	2	addition	addition	NOUN
fsr-3808	239	3	to	to	ADP
fsr-3808	239	4	this	this	PRON
fsr-3808	239	5	,	,	PUNCT
fsr-3808	239	6	an	an	DET
fsr-3808	239	7	f	f	NOUN
fsr-3808	239	8	-	-	PUNCT
fsr-3808	239	9	statistic	statistic	NOUN
fsr-3808	239	10	of	of	ADP
fsr-3808	239	11	3.734	3.734	NUM
fsr-3808	239	12	from	from	ADP
fsr-3808	239	13	the	the	DET
fsr-3808	239	14	pairwise	pairwise	NOUN
fsr-3808	239	15	granger	granger	NOUN
fsr-3808	239	16	causality	causality	PROPN
fsr-3808	239	17	test	test	NOUN
fsr-3808	239	18	leads	lead	VERB
fsr-3808	239	19	one	one	NUM
fsr-3808	239	20	to	to	PART
fsr-3808	239	21	reject	reject	VERB
fsr-3808	239	22	the	the	DET
fsr-3808	239	23	hypothesis	hypothesis	NOUN
fsr-3808	239	24	that	that	PRON
fsr-3808	239	25	the	the	DET
fsr-3808	239	26	cost	cost	NOUN
fsr-3808	239	27	of	of	ADP
fsr-3808	239	28	funds	fund	NOUN
fsr-3808	239	29	does	do	AUX
fsr-3808	239	30	not	not	PART
fsr-3808	239	31	granger	granger	AUX
fsr-3808	239	32	cause	cause	VERB
fsr-3808	239	33	credit	credit	NOUN
fsr-3808	239	34	card	card	NOUN
fsr-3808	239	35	rates	rate	NOUN
fsr-3808	239	36	.	.	PUNCT
fsr-3808	240	1	moreover	moreover	ADV
fsr-3808	240	2	,	,	PUNCT
fsr-3808	240	3	an	an	DET
fsr-3808	240	4	f	f	NOUN
fsr-3808	240	5	-	-	PUNCT
fsr-3808	240	6	statistic	statistic	NOUN
fsr-3808	240	7	of	of	ADP
fsr-3808	240	8	0.437	0.437	NUM
fsr-3808	240	9	could	could	AUX
fsr-3808	240	10	not	not	PART
fsr-3808	240	11	reject	reject	VERB
fsr-3808	240	12	the	the	DET
fsr-3808	240	13	hypothesis	hypothesis	NOUN
fsr-3808	240	14	that	that	SCONJ
fsr-3808	240	15	credit	credit	NOUN
fsr-3808	240	16	card	card	NOUN
fsr-3808	240	17	rate	rate	NOUN
fsr-3808	240	18	does	do	AUX
fsr-3808	240	19	not	not	PART
fsr-3808	240	20	granger	granger	AUX
fsr-3808	240	21	cause	cause	VERB
fsr-3808	240	22	cost	cost	NOUN
fsr-3808	240	23	.of	.of	PUNCT
fsr-3808	240	24	funds	fund	NOUN
fsr-3808	240	25	.	.	PUNCT
fsr-3808	241	1	kwan	kwan	PROPN
fsr-3808	241	2	and	and	CCONJ
fsr-3808	241	3	kwok	kwok	PROPN
fsr-3808	241	4	note	note	VERB
fsr-3808	241	5	that	that	SCONJ
fsr-3808	241	6	strong	strong	ADJ
fsr-3808	241	7	exogeneity	exogeneity	NOUN
fsr-3808	241	8	includes	include	VERB
fsr-3808	241	9	weak	weak	ADJ
fsr-3808	241	10	exogeneity	exogeneity	NOUN
fsr-3808	241	11	and	and	CCONJ
fsr-3808	241	12	granger	granger	PROPN
fsr-3808	241	13	noncausality	noncausality	PROPN
fsr-3808	241	14	(	(	PUNCT
fsr-3808	241	15	p.	p.	NOUN
fsr-3808	241	16	1161	1161	NUM
fsr-3808	241	17	)	)	PUNCT
fsr-3808	241	18	.	.	PUNCT
fsr-3808	242	1	thus	thus	ADV
fsr-3808	242	2	,	,	PUNCT
fsr-3808	242	3	one	one	PRON
fsr-3808	242	4	can	can	AUX
fsr-3808	242	5	conclude	conclude	VERB
fsr-3808	242	6	that	that	SCONJ
fsr-3808	242	7	the	the	DET
fsr-3808	242	8	cost	cost	NOUN
fsr-3808	242	9	of	of	ADP
fsr-3808	242	10	funds	fund	NOUN
fsr-3808	242	11	is	be	AUX
fsr-3808	242	12	strongly	strongly	ADV
fsr-3808	242	13	exogenous	exogenous	ADJ
fsr-3808	242	14	.	.	PUNCT
fsr-3808	243	1	the	the	DET
fsr-3808	243	2	econometric	econometric	ADJ
fsr-3808	243	3	implication	implication	NOUN
fsr-3808	243	4	of	of	ADP
fsr-3808	243	5	an	an	DET
fsr-3808	243	6	exogenous	exogenous	ADJ
fsr-3808	243	7	cost	cost	NOUN
fsr-3808	243	8	sticky	sticky	ADJ
fsr-3808	243	9	credit	credit	NOUN
fsr-3808	243	10	card	card	NOUN
fsr-3808	243	11	rates	rate	NOUN
fsr-3808	243	12	63	63	NUM
fsr-3808	243	13	table	table	NOUN
fsr-3808	243	14	3	3	NUM
fsr-3808	243	15	vector	vector	NOUN
fsr-3808	243	16	error	error	NOUN
fsr-3808	243	17	correction	correction	NOUN
fsr-3808	243	18	estimates	estimate	VERB
fsr-3808	243	19	cointegrating	cointegrate	VERB
fsr-3808	243	20	equation	equation	NOUN
fsr-3808	243	21	cointeq	cointeq	NOUN
fsr-3808	243	22	l	l	PROPN
fsr-3808	243	23	coefficients	coefficient	NOUN
fsr-3808	243	24	ratet	ratet	NOUN
fsr-3808	243	25	.	.	PUNCT
fsr-3808	244	1	1	1	NUM
fsr-3808	244	2	costt	costt	NOUN
fsr-3808	244	3	.	.	PUNCT
fsr-3808	245	1	2	2	NUM
fsr-3808	245	2	constant	constant	ADJ
fsr-3808	245	3	1.000	1.000	NUM
fsr-3808	245	4	-0.448	-0.448	X
fsr-3808	245	5	(	(	PUNCT
fsr-3808	245	6	0.093	0.093	NUM
fsr-3808	245	7	)	)	PUNCT
fsr-3808	246	1	[	[	X
fsr-3808	246	2	-4.801	-4.801	X
fsr-3808	246	3	]	]	X
fsr-3808	246	4	*	*	X
fsr-3808	246	5	14.703	14.703	NUM
fsr-3808	246	6	error	error	NOUN
fsr-3808	246	7	correction	correction	NOUN
fsr-3808	246	8	aratet	aratet	VERB
fsr-3808	246	9	.	.	PUNCT
fsr-3808	246	10	1	1	NUM
fsr-3808	246	11	acostt	acostt	NOUN
fsr-3808	246	12	.	.	PUNCT
fsr-3808	247	1	2	2	NUM
fsr-3808	247	2	cointeq	cointeq	NOUN
fsr-3808	247	3	i	i	PRON
fsr-3808	247	4	-0.146	-0.146	NOUN
fsr-3808	247	5	-0.149	-0.149	PUNCT
fsr-3808	247	6	(	(	PUNCT
fsr-3808	247	7	0.043	0.043	NUM
fsr-3808	247	8	)	)	PUNCT
fsr-3808	247	9	(	(	PUNCT
fsr-3808	247	10	0.266	0.266	NUM
fsr-3808	247	11	)	)	PUNCT
fsr-3808	248	1	[	[	X
fsr-3808	248	2	-3.378	-3.378	X
fsr-3808	248	3	]	]	X
fsr-3808	248	4	*	*	PUNCT
fsr-3808	249	1	[	[	X
fsr-3808	249	2	-0.561	-0.561	X
fsr-3808	249	3	]	]	X
fsr-3808	249	4	0.321	0.321	NUM
fsr-3808	249	5	0.757	0.757	NUM
fsr-3808	249	6	aratet	aratet	NOUN
fsr-3808	249	7	-	-	PUNCT
fsr-3808	249	8	l	l	NOUN
fsr-3808	249	9	(	(	PUNCT
fsr-3808	249	10	0.147	0.147	NUM
fsr-3808	249	11	)	)	PUNCT
fsr-3808	249	12	(	(	PUNCT
fsr-3808	249	13	0.908	0.908	NUM
fsr-3808	249	14	)	)	PUNCT
fsr-3808	250	1	[	[	X
fsr-3808	250	2	2.177	2.177	NUM
fsr-3808	250	3	]	]	X
fsr-3808	250	4	*	*	PUNCT
fsr-3808	251	1	[	[	X
fsr-3808	251	2	0.833	0.833	NUM
fsr-3808	251	3	]	]	X
fsr-3808	251	4	-0.028	-0.028	NUM
fsr-3808	251	5	1.589	1.589	NUM
fsr-3808	251	6	aratet-2	aratet-2	NUM
fsr-3808	251	7	(	(	PUNCT
fsr-3808	251	8	0.141	0.141	NUM
fsr-3808	251	9	)	)	PUNCT
fsr-3808	251	10	(	(	PUNCT
fsr-3808	251	11	0.871	0.871	NUM
fsr-3808	251	12	)	)	PUNCT
fsr-3808	252	1	[	[	X
fsr-3808	252	2	-0.195	-0.195	X
fsr-3808	252	3	]	]	X
fsr-3808	253	1	[	[	X
fsr-3808	253	2	-1.825	-1.825	X
fsr-3808	253	3	]	]	X
fsr-3808	253	4	-0.026	-0.026	X
fsr-3808	253	5	-0.082	-0.082	PUNCT
fsr-3808	253	6	acostt-2	acostt-2	PROPN
fsr-3808	253	7	(	(	PUNCT
fsr-3808	253	8	0.031	0.031	NUM
fsr-3808	253	9	)	)	PUNCT
fsr-3808	253	10	(	(	PUNCT
fsr-3808	253	11	0.192	0.192	NUM
fsr-3808	253	12	)	)	PUNCT
fsr-3808	254	1	[	[	X
fsr-3808	254	2	-0.842	-0.842	X
fsr-3808	254	3	]	]	X
fsr-3808	255	1	[	[	X
fsr-3808	255	2	0.429	0.429	NUM
fsr-3808	255	3	]	]	SYM
fsr-3808	255	4	-0.014	-0.014	NUM
fsr-3808	255	5	-0.106	-0.106	NOUN
fsr-3808	255	6	acostt-3	acostt-3	NUM
fsr-3808	255	7	(	(	PUNCT
fsr-3808	255	8	0.028	0.028	NUM
fsr-3808	255	9	)	)	PUNCT
fsr-3808	255	10	(	(	PUNCT
fsr-3808	255	11	0.169	0.169	NUM
fsr-3808	255	12	)	)	PUNCT
fsr-3808	256	1	[	[	X
fsr-3808	256	2	-0.512	-0.512	X
fsr-3808	256	3	]	]	X
fsr-3808	256	4	[	[	X
fsr-3808	256	5	0.062	0.062	NUM
fsr-3808	256	6	]	]	X
fsr-3808	256	7	constant	constant	ADJ
fsr-3808	256	8	-0.044	-0.044	X
fsr-3808	256	9	-0.130	-0.130	PROPN
fsr-3808	256	10	(	(	PUNCT
fsr-3808	256	11	0.019	0.019	NUM
fsr-3808	256	12	)	)	PUNCT
fsr-3808	256	13	(	(	PUNCT
fsr-3808	256	14	0.120	0.120	NUM
fsr-3808	256	15	)	)	PUNCT
fsr-3808	257	1	[	[	X
fsr-3808	257	2	-2.268	-2.268	X
fsr-3808	257	3	}	}	PUNCT
fsr-3808	257	4	*	*	PUNCT
fsr-3808	258	1	[	[	X
fsr-3808	258	2	1.087	1.087	NUM
fsr-3808	258	3	]	]	X
fsr-3808	258	4	adj	adj	X
fsr-3808	258	5	.	.	PUNCT
fsr-3808	258	6	r	r	X
fsr-3808	258	7	-	-	PUNCT
fsr-3808	258	8	squared	square	VERB
fsr-3808	258	9	0.395	0.395	NUM
fsr-3808	258	10	-0.006	-0.006	PROPN
fsr-3808	258	11	notes	note	NOUN
fsr-3808	258	12	:	:	PUNCT
fsr-3808	258	13	*	*	PUNCT
fsr-3808	258	14	indicates	indicate	VERB
fsr-3808	258	15	significance	significance	NOUN
fsr-3808	258	16	at	at	ADP
fsr-3808	258	17	the	the	DET
fsr-3808	258	18	5	5	NUM
fsr-3808	258	19	percent	percent	NOUN
fsr-3808	258	20	level	level	NOUN
fsr-3808	258	21	.	.	PUNCT
fsr-3808	259	1	of	of	ADP
fsr-3808	259	2	funds	fund	NOUN
fsr-3808	259	3	is	be	AUX
fsr-3808	259	4	that	that	SCONJ
fsr-3808	259	5	there	there	PRON
fsr-3808	259	6	is	be	VERB
fsr-3808	259	7	no	no	DET
fsr-3808	259	8	feedback	feedback	NOUN
fsr-3808	259	9	effect	effect	NOUN
fsr-3808	259	10	from	from	ADP
fsr-3808	259	11	credit	credit	NOUN
fsr-3808	259	12	card	card	NOUN
fsr-3808	259	13	rate	rate	NOUN
fsr-3808	259	14	to	to	AUX
fsr-3808	259	15	cost	cost	NOUN
fsr-3808	259	16	of	of	ADP
fsr-3808	259	17	funds	fund	NOUN
fsr-3808	259	18	.	.	PUNCT
fsr-3808	260	1	the	the	DET
fsr-3808	260	2	relationship	relationship	NOUN
fsr-3808	260	3	between	between	ADP
fsr-3808	260	4	the	the	DET
fsr-3808	260	5	variables	variable	NOUN
fsr-3808	260	6	is	be	AUX
fsr-3808	260	7	unidirectional	unidirectional	ADJ
fsr-3808	260	8	with	with	ADP
fsr-3808	260	9	credit	credit	NOUN
fsr-3808	260	10	card	card	NOUN
fsr-3808	260	11	rate	rate	NOUN
fsr-3808	260	12	being	be	AUX
fsr-3808	260	13	the	the	DET
fsr-3808	260	14	dependent	dependent	ADJ
fsr-3808	260	15	variable	variable	NOUN
fsr-3808	260	16	and	and	CCONJ
fsr-3808	260	17	the	the	DET
fsr-3808	260	18	cost	cost	NOUN
fsr-3808	260	19	of	of	ADP
fsr-3808	260	20	funds	fund	NOUN
fsr-3808	260	21	as	as	ADP
fsr-3808	260	22	the	the	DET
fsr-3808	260	23	independent	independent	ADJ
fsr-3808	260	24	variable	variable	NOUN
fsr-3808	260	25	.	.	PUNCT
fsr-3808	261	1	the	the	DET
fsr-3808	261	2	dynamic	dynamic	ADJ
fsr-3808	261	3	relationships	relationship	NOUN
fsr-3808	261	4	between	between	ADP
fsr-3808	261	5	cost	cost	NOUN
fsr-3808	261	6	of	of	ADP
fsr-3808	261	7	funds	fund	NOUN
fsr-3808	261	8	and	and	CCONJ
fsr-3808	261	9	credit	credit	NOUN
fsr-3808	261	10	card	card	NOUN
fsr-3808	261	11	rates	rate	NOUN
fsr-3808	261	12	can	can	AUX
fsr-3808	261	13	best	well	ADV
fsr-3808	261	14	be	be	AUX
fsr-3808	261	15	appreciated	appreciate	VERB
fsr-3808	261	16	by	by	ADP
fsr-3808	261	17	examining	examine	VERB
fsr-3808	261	18	the	the	DET
fsr-3808	261	19	impulse	impulse	ADJ
fsr-3808	261	20	response	response	NOUN
fsr-3808	261	21	functions	function	NOUN
fsr-3808	261	22	.	.	PUNCT
fsr-3808	262	1	impulse	impulse	ADJ
fsr-3808	262	2	responses	response	NOUN
fsr-3808	262	3	represent	represent	VERB
fsr-3808	262	4	the	the	DET
fsr-3808	262	5	dynamic	dynamic	ADJ
fsr-3808	262	6	response	response	NOUN
fsr-3808	262	7	of	of	ADP
fsr-3808	262	8	the	the	DET
fsr-3808	262	9	level	level	NOUN
fsr-3808	262	10	of	of	ADP
fsr-3808	262	11	endogenous	endogenous	ADJ
fsr-3808	262	12	variable	variable	NOUN
fsr-3808	262	13	to	to	ADP
fsr-3808	262	14	innovations	innovation	NOUN
fsr-3808	262	15	in	in	ADP
fsr-3808	262	16	disturbance	disturbance	NOUN
fsr-3808	262	17	terms	term	NOUN
fsr-3808	262	18	.	.	PUNCT
fsr-3808	263	1	table	table	NOUN
fsr-3808	263	2	4	4	NUM
fsr-3808	263	3	reports	report	VERB
fsr-3808	263	4	the	the	DET
fsr-3808	263	5	dynamic	dynamic	ADJ
fsr-3808	263	6	responses	response	NOUN
fsr-3808	263	7	of	of	ADP
fsr-3808	263	8	the	the	DET
fsr-3808	263	9	level	level	NOUN
fsr-3808	263	10	of	of	ADP
fsr-3808	263	11	each	each	DET
fsr-3808	263	12	variable	variable	NOUN
fsr-3808	263	13	to	to	ADP
fsr-3808	263	14	one	one	NUM
fsr-3808	263	15	standard	standard	ADJ
fsr-3808	263	16	deviation	deviation	NOUN
fsr-3808	263	17	innovation	innovation	NOUN
fsr-3808	263	18	shock	shock	NOUN
fsr-3808	263	19	in	in	ADP
fsr-3808	263	20	equations	equation	NOUN
fsr-3808	263	21	6	6	NUM
fsr-3808	263	22	and	and	CCONJ
fsr-3808	263	23	7	7	NUM
fsr-3808	263	24	.	.	X
fsr-3808	263	25	a	a	DET
fsr-3808	263	26	credit	credit	NOUN
fsr-3808	263	27	card	card	NOUN
fsr-3808	263	28	rate	rate	NOUN
fsr-3808	263	29	innovation	innovation	NOUN
fsr-3808	263	30	shock	shock	NOUN
fsr-3808	263	31	will	will	AUX
fsr-3808	263	32	increase	increase	VERB
fsr-3808	263	33	the	the	DET
fsr-3808	263	34	movement	movement	NOUN
fsr-3808	263	35	in	in	ADP
fsr-3808	263	36	level	level	NOUN
fsr-3808	263	37	of	of	ADP
fsr-3808	263	38	the	the	DET
fsr-3808	263	39	credit	credit	NOUN
fsr-3808	263	40	card	card	NOUN
fsr-3808	263	41	rate	rate	NOUN
fsr-3808	263	42	over	over	ADP
fsr-3808	263	43	several	several	ADJ
fsr-3808	263	44	quarters	quarter	NOUN
fsr-3808	263	45	.	.	PUNCT
fsr-3808	264	1	however	however	ADV
fsr-3808	264	2	,	,	PUNCT
fsr-3808	264	3	a	a	DET
fsr-3808	264	4	cost	cost	NOUN
fsr-3808	264	5	of	of	ADP
fsr-3808	264	6	funds	fund	NOUN
fsr-3808	264	7	innovation	innovation	NOUN
fsr-3808	264	8	shock	shock	NOUN
fsr-3808	264	9	will	will	AUX
fsr-3808	264	10	make	make	VERB
fsr-3808	264	11	credit	credit	NOUN
fsr-3808	264	12	card	card	NOUN
fsr-3808	264	13	rate	rate	NOUN
fsr-3808	264	14	to	to	PART
fsr-3808	264	15	rise	rise	VERB
fsr-3808	264	16	and	and	CCONJ
fsr-3808	264	17	later	later	ADV
fsr-3808	264	18	makes	make	VERB
fsr-3808	264	19	a	a	DET
fsr-3808	264	20	down	down	ADJ
fsr-3808	264	21	ward	ward	NOUN
fsr-3808	264	22	movement	movement	NOUN
fsr-3808	264	23	toward	toward	ADP
fsr-3808	264	24	its	its	PRON
fsr-3808	264	25	equilibrium	equilibrium	NOUN
fsr-3808	264	26	level	level	NOUN
fsr-3808	264	27	.	.	PUNCT
fsr-3808	265	1	on	on	ADP
fsr-3808	265	2	the	the	DET
fsr-3808	265	3	other	other	ADJ
fsr-3808	265	4	hand	hand	NOUN
fsr-3808	265	5	,	,	PUNCT
fsr-3808	265	6	the	the	DET
fsr-3808	265	7	cost	cost	NOUN
fsr-3808	265	8	of	of	ADP
fsr-3808	265	9	funds	fund	NOUN
fsr-3808	265	10	responds	respond	VERB
fsr-3808	265	11	only	only	ADV
fsr-3808	265	12	to	to	ADP
fsr-3808	265	13	its	its	PRON
fsr-3808	265	14	own	own	ADJ
fsr-3808	265	15	innovation	innovation	NOUN
fsr-3808	265	16	shocks	shock	NOUN
fsr-3808	265	17	.	.	PUNCT
fsr-3808	266	1	its	its	PRON
fsr-3808	266	2	response	response	NOUN
fsr-3808	266	3	to	to	ADP
fsr-3808	266	4	innovation	innovation	NOUN
fsr-3808	266	5	shocks	shock	NOUN
fsr-3808	266	6	from	from	ADP
fsr-3808	266	7	credit	credit	NOUN
fsr-3808	266	8	card	card	NOUN
fsr-3808	266	9	rates	rate	NOUN
fsr-3808	266	10	occurs	occur	VERB
fsr-3808	266	11	only	only	ADV
fsr-3808	266	12	within	within	ADP
fsr-3808	266	13	four	four	NUM
fsr-3808	266	14	quarters	quarter	NOUN
fsr-3808	266	15	after	after	ADP
fsr-3808	266	16	which	which	PRON
fsr-3808	266	17	the	the	DET
fsr-3808	266	18	cost	cost	NOUN
fsr-3808	266	19	of	of	ADP
fsr-3808	266	20	funds	fund	NOUN
fsr-3808	266	21	returns	return	NOUN
fsr-3808	266	22	to	to	ADP
fsr-3808	266	23	its	its	PRON
fsr-3808	266	24	long	long	ADJ
fsr-3808	266	25	-	-	PUNCT
fsr-3808	266	26	run	run	VERB
fsr-3808	266	27	equilibrium	equilibrium	NOUN
fsr-3808	266	28	level	level	NOUN
fsr-3808	266	29	.	.	PUNCT
fsr-3808	267	1	64	64	NUM
fsr-3808	267	2	financial	financial	ADJ
fsr-3808	267	3	servicf.3	servicf.3	PROPN
fsr-3808	267	4	review	review	NOUN
fsr-3808	267	5	6(1	6(1	NUM
fsr-3808	267	6	)	)	PUNCT
fsr-3808	267	7	1997	1997	NUM
fsr-3808	267	8	table	table	NOUN
fsr-3808	267	9	4	4	NUM
fsr-3808	267	10	impulse	impulse	ADJ
fsr-3808	267	11	response	response	NOUN
fsr-3808	267	12	to	to	ADP
fsr-3808	267	13	one	one	NUM
fsr-3808	267	14	standard	standard	ADJ
fsr-3808	267	15	deviation	deviation	NOUN
fsr-3808	267	16	innovation	innovation	NOUN
fsr-3808	267	17	period	period	NOUN
fsr-3808	267	18	response	response	NOUN
fsr-3808	267	19	of	of	ADP
fsr-3808	267	20	credit	credit	NOUN
fsr-3808	267	21	card	card	NOUN
fsr-3808	267	22	rate	rate	NOUN
fsr-3808	267	23	to	to	ADP
fsr-3808	267	24	:	:	PUNCT
fsr-3808	267	25	credit	credit	NOUN
fsr-3808	267	26	card	card	NOUN
fsr-3808	267	27	rate	rate	NOUN
fsr-3808	267	28	innovation	innovation	NOUN
fsr-3808	267	29	shock	shock	NOUN
fsr-3808	267	30	cost	cost	NOUN
fsr-3808	267	31	of	of	ADP
fsr-3808	267	32	funds	fund	NOUN
fsr-3808	267	33	innovation	innovation	NOUN
fsr-3808	267	34	shock	shock	NOUN
fsr-3808	267	35	1	1	NUM
fsr-3808	267	36	0.098	0.098	NUM
fsr-3808	267	37	0.000	0.000	NUM
fsr-3808	267	38	2	2	NUM
fsr-3808	267	39	0.121	0.121	NUM
fsr-3808	267	40	0.023	0.023	NUM
fsr-3808	267	41	3	3	NUM
fsr-3808	267	42	0.119	0.119	NUM
fsr-3808	267	43	0.060	0.060	NUM
fsr-3808	267	44	4	4	NUM
fsr-3808	267	45	0.108	0.108	NUM
fsr-3808	267	46	0.105	0.105	NUM
fsr-3808	267	47	5	5	NUM
fsr-3808	267	48	0.094	0.094	NUM
fsr-3808	267	49	0.148	0.148	NUM
fsr-3808	267	50	6	6	NUM
fsr-3808	267	51	0.077	0.077	NUM
fsr-3808	267	52	0.185	0.185	NUM
fsr-3808	267	53	7	7	NUM
fsr-3808	267	54	0.061	0.061	NUM
fsr-3808	267	55	0.213	0.213	NUM
fsr-3808	267	56	period	period	NOUN
fsr-3808	267	57	response	response	NOUN
fsr-3808	267	58	of	of	ADP
fsr-3808	267	59	cost	cost	NOUN
fsr-3808	267	60	of	of	ADP
fsr-3808	267	61	funds	fund	NOUN
fsr-3808	267	62	to	to	ADP
fsr-3808	267	63	:	:	PUNCT
fsr-3808	267	64	credit	credit	NOUN
fsr-3808	267	65	card	card	NOUN
fsr-3808	267	66	rate	rate	NOUN
fsr-3808	267	67	innovation	innovation	NOUN
fsr-3808	267	68	shock	shock	NOUN
fsr-3808	267	69	cost	cost	NOUN
fsr-3808	267	70	of	of	ADP
fsr-3808	267	71	funds	fund	NOUN
fsr-3808	267	72	innovation	innovation	NOUN
fsr-3808	267	73	shock	shock	NOUN
fsr-3808	267	74	1	1	NUM
fsr-3808	267	75	0.149	0.149	NUM
fsr-3808	267	76	0.584	0.584	NUM
fsr-3808	267	77	2	2	NUM
fsr-3808	267	78	0.231	0.231	NUM
fsr-3808	267	79	0.671	0.671	NUM
fsr-3808	267	80	3	3	NUM
fsr-3808	267	81	0.081	0.081	NUM
fsr-3808	267	82	0.675	0.675	NUM
fsr-3808	267	83	4	4	NUM
fsr-3808	267	84	0.009	0.009	NUM
fsr-3808	267	85	0.695	0.695	NUM
fsr-3808	267	86	5	5	NUM
fsr-3808	267	87	-0.001	-0.001	NUM
fsr-3808	267	88	0.702	0.702	NUM
fsr-3808	267	89	6	6	NUM
fsr-3808	267	90	-0.002	-0.002	PUNCT
fsr-3808	267	91	0.685	0.685	NUM
fsr-3808	267	92	7	7	NUM
fsr-3808	267	93	-0.002	-0.002	PUNCT
fsr-3808	267	94	0.661	0.661	NUM
fsr-3808	267	95	ordering	ordering	NOUN
fsr-3808	267	96	:	:	PUNCT
fsr-3808	267	97	rate	rate	NOUN
fsr-3808	267	98	,	,	PUNCT
fsr-3808	267	99	cost	cost	NOUN
fsr-3808	267	100	of	of	ADP
fsr-3808	267	101	funds	fund	NOUN
fsr-3808	267	102	vi	vi	PROPN
fsr-3808	267	103	.	.	PROPN
fsr-3808	267	104	commentary	commentary	PROPN
fsr-3808	267	105	meyercord	meyercord	PROPN
fsr-3808	267	106	(	(	PUNCT
fsr-3808	267	107	1994	1994	NUM
fsr-3808	267	108	)	)	PUNCT
fsr-3808	267	109	,	,	PUNCT
fsr-3808	267	110	sinkey	sinkey	NOUN
fsr-3808	267	111	and	and	CCONJ
fsr-3808	267	112	nash	nash	PROPN
fsr-3808	267	113	(	(	PUNCT
fsr-3808	267	114	1993	1993	NUM
fsr-3808	267	115	)	)	PUNCT
fsr-3808	267	116	,	,	PUNCT
fsr-3808	267	117	ritzer	ritzer	NOUN
fsr-3808	267	118	(	(	PUNCT
fsr-3808	267	119	1995	1995	NUM
fsr-3808	267	120	)	)	PUNCT
fsr-3808	267	121	,	,	PUNCT
fsr-3808	267	122	stavins	stavin	NOUN
fsr-3808	267	123	(	(	PUNCT
fsr-3808	267	124	1996	1996	NUM
fsr-3808	267	125	)	)	PUNCT
fsr-3808	267	126	and	and	CCONJ
fsr-3808	267	127	lown	lown	NOUN
fsr-3808	267	128	and	and	CCONJ
fsr-3808	267	129	peristiani	peristiani	PROPN
fsr-3808	267	130	(	(	PUNCT
fsr-3808	267	131	1996	1996	NUM
fsr-3808	267	132	)	)	PUNCT
fsr-3808	267	133	document	document	NOUN
fsr-3808	267	134	evidence	evidence	NOUN
fsr-3808	267	135	suggesting	suggest	VERB
fsr-3808	267	136	that	that	SCONJ
fsr-3808	267	137	significant	significant	ADJ
fsr-3808	267	138	changes	change	NOUN
fsr-3808	267	139	are	be	AUX
fsr-3808	267	140	taking	take	VERB
fsr-3808	267	141	place	place	NOUN
fsr-3808	267	142	in	in	ADP
fsr-3808	267	143	the	the	DET
fsr-3808	267	144	credit	credit	NOUN
fsr-3808	267	145	card	card	NOUN
fsr-3808	267	146	market	market	NOUN
fsr-3808	267	147	.	.	PUNCT
fsr-3808	268	1	more	more	ADV
fsr-3808	268	2	specifically	specifically	ADV
fsr-3808	268	3	,	,	PUNCT
fsr-3808	268	4	there	there	PRON
fsr-3808	268	5	is	be	VERB
fsr-3808	268	6	increased	increase	VERB
fsr-3808	268	7	participation	participation	NOUN
fsr-3808	268	8	in	in	ADP
fsr-3808	268	9	the	the	DET
fsr-3808	268	10	market	market	NOUN
fsr-3808	268	11	by	by	ADP
fsr-3808	268	12	nonbank	nonbank	PROPN
fsr-3808	268	13	card	card	PROPN
fsr-3808	268	14	issuers	issuer	NOUN
fsr-3808	268	15	,	,	PUNCT
fsr-3808	268	16	the	the	DET
fsr-3808	268	17	overall	overall	ADJ
fsr-3808	268	18	cost	cost	NOUN
fsr-3808	268	19	of	of	ADP
fsr-3808	268	20	funds	fund	NOUN
fsr-3808	268	21	and	and	CCONJ
fsr-3808	268	22	interest	interest	NOUN
fsr-3808	268	23	rates	rate	NOUN
fsr-3808	268	24	ate	eat	VERB
fsr-3808	268	25	declining	decline	VERB
fsr-3808	268	26	;	;	PUNCT
fsr-3808	268	27	credit	credit	NOUN
fsr-3808	268	28	losses	loss	NOUN
fsr-3808	268	29	are	be	AUX
fsr-3808	268	30	rising	rise	VERB
fsr-3808	268	31	;	;	PUNCT
fsr-3808	268	32	and	and	CCONJ
fsr-3808	268	33	credit	credit	NOUN
fsr-3808	268	34	card	card	NOUN
fsr-3808	268	35	issuers	issuer	NOUN
fsr-3808	268	36	are	be	AUX
fsr-3808	268	37	becoming	become	VERB
fsr-3808	268	38	increasingly	increasingly	ADV
fsr-3808	268	39	sophisticated	sophisticated	ADJ
fsr-3808	268	40	in	in	ADP
fsr-3808	268	41	targeting	target	VERB
fsr-3808	268	42	right	right	ADJ
fsr-3808	268	43	value	value	NOUN
fsr-3808	268	44	propositions	proposition	NOUN
fsr-3808	268	45	.	.	PUNCT
fsr-3808	269	1	all	all	PRON
fsr-3808	269	2	of	of	ADP
fsr-3808	269	3	these	these	PRON
fsr-3808	269	4	imply	imply	VERB
fsr-3808	269	5	that	that	SCONJ
fsr-3808	269	6	the	the	DET
fsr-3808	269	7	credit	credit	NOUN
fsr-3808	269	8	market	market	NOUN
fsr-3808	269	9	might	might	AUX
fsr-3808	269	10	not	not	PART
fsr-3808	269	11	be	be	AUX
fsr-3808	269	12	insensitive	insensitive	ADJ
fsr-3808	269	13	to	to	ADP
fsr-3808	269	14	the	the	DET
fsr-3808	269	15	cost	cost	NOUN
fsr-3808	269	16	of	of	ADP
fsr-3808	269	17	funds	fund	NOUN
fsr-3808	269	18	afterall	afterall	PROPN
fsr-3808	269	19	.	.	PUNCT
fsr-3808	270	1	in	in	ADP
fsr-3808	270	2	view	view	NOUN
fsr-3808	270	3	of	of	ADP
fsr-3808	270	4	the	the	DET
fsr-3808	270	5	aforementioned	aforementioned	ADJ
fsr-3808	270	6	,	,	PUNCT
fsr-3808	270	7	this	this	DET
fsr-3808	270	8	study	study	NOUN
fsr-3808	270	9	examines	examine	VERB
fsr-3808	270	10	the	the	DET
fsr-3808	270	11	relationship	relationship	NOUN
fsr-3808	270	12	between	between	ADP
fsr-3808	270	13	credit	credit	NOUN
fsr-3808	270	14	card	card	NOUN
fsr-3808	270	15	rates	rate	NOUN
fsr-3808	270	16	and	and	CCONJ
fsr-3808	270	17	the	the	DET
fsr-3808	270	18	costs	cost	NOUN
fsr-3808	270	19	of	of	ADP
fsr-3808	270	20	ftmds	ftmds	NOUN
fsr-3808	270	21	from	from	ADP
fsr-3808	270	22	1982	1982	NUM
fsr-3808	270	23	through	through	ADP
fsr-3808	270	24	1994	1994	NUM
fsr-3808	270	25	.	.	PUNCT
fsr-3808	271	1	the	the	DET
fsr-3808	271	2	evidence	evidence	NOUN
fsr-3808	271	3	from	from	ADP
fsr-3808	271	4	the	the	DET
fsr-3808	271	5	johansen	johansen	PROPN
fsr-3808	271	6	cointegration	cointegration	PROPN
fsr-3808	271	7	test	test	NOUN
fsr-3808	271	8	confirms	confirm	VERB
fsr-3808	271	9	that	that	SCONJ
fsr-3808	271	10	credit	credit	NOUN
fsr-3808	271	11	card	card	NOUN
fsr-3808	271	12	rates	rate	NOUN
fsr-3808	271	13	and	and	CCONJ
fsr-3808	271	14	cost	cost	NOUN
fsr-3808	271	15	of	of	ADP
fsr-3808	271	16	funds	fund	NOUN
fsr-3808	271	17	possess	possess	VERB
fsr-3808	271	18	a	a	DET
fsr-3808	271	19	long	long	ADV
fsr-3808	271	20	-	-	PUNCT
fsr-3808	271	21	run	run	NOUN
fsr-3808	271	22	equi	equi	NOUN
fsr-3808	271	23	librium	librium	PROPN
fsr-3808	271	24	relationship	relationship	NOUN
fsr-3808	271	25	with	with	ADP
fsr-3808	271	26	one	one	NUM
fsr-3808	271	27	another	another	DET
fsr-3808	271	28	.	.	PUNCT
fsr-3808	272	1	furthermore	furthermore	ADV
fsr-3808	272	2	,	,	PUNCT
fsr-3808	272	3	the	the	DET
fsr-3808	272	4	error	error	NOUN
fsr-3808	272	5	correction	correction	NOUN
fsr-3808	272	6	models	model	NOUN
fsr-3808	272	7	are	be	AUX
fsr-3808	272	8	indic	indic	ADJ
fsr-3808	272	9	ative	ative	NOUN
fsr-3808	272	10	of	of	ADP
fsr-3808	272	11	the	the	DET
fsr-3808	272	12	slow	slow	ADJ
fsr-3808	272	13	rate	rate	NOUN
fsr-3808	272	14	at	at	ADP
fsr-3808	272	15	which	which	PRON
fsr-3808	272	16	credit	credit	NOUN
fsr-3808	272	17	card	card	NOUN
fsr-3808	272	18	rates	rate	NOUN
fsr-3808	272	19	adjust	adjust	VERB
fsr-3808	272	20	to	to	ADP
fsr-3808	272	21	the	the	DET
fsr-3808	272	22	cost	cost	NOUN
fsr-3808	272	23	of	of	ADP
fsr-3808	272	24	funds	fund	NOUN
fsr-3808	272	25	.	.	PUNCT
fsr-3808	273	1	between	between	ADP
fsr-3808	273	2	1982	1982	NUM
fsr-3808	273	3	and	and	CCONJ
fsr-3808	273	4	1994	1994	NUM
fsr-3808	273	5	,	,	PUNCT
fsr-3808	273	6	credit	credit	NOUN
fsr-3808	273	7	card	card	NOUN
fsr-3808	273	8	rates	rate	NOUN
fsr-3808	273	9	adjust	adjust	VERB
fsr-3808	273	10	to	to	ADP
fsr-3808	273	11	the	the	DET
fsr-3808	273	12	cost	cost	NOUN
fsr-3808	273	13	of	of	ADP
fsr-3808	273	14	funds	fund	NOUN
fsr-3808	273	15	at	at	ADP
fsr-3808	273	16	about	about	ADV
fsr-3808	273	17	15	15	NUM
fsr-3808	273	18	percent	percent	NOUN
fsr-3808	273	19	per	per	ADP
fsr-3808	273	20	quarter	quarter	NOUN
fsr-3808	273	21	.	.	PUNCT
fsr-3808	274	1	more	more	ADV
fsr-3808	274	2	importantly	importantly	ADV
fsr-3808	274	3	,	,	PUNCT
fsr-3808	274	4	the	the	DET
fsr-3808	274	5	granger	granger	PROPN
fsr-3808	274	6	causality	causality	PROPN
fsr-3808	274	7	results	result	NOUN
fsr-3808	274	8	suggest	suggest	VERB
fsr-3808	274	9	that	that	SCONJ
fsr-3808	274	10	the	the	DET
fsr-3808	274	11	one	one	NUM
fsr-3808	274	12	-	-	PUNCT
fsr-3808	274	13	year	year	NOUN
fsr-3808	274	14	treasury	treasury	NOUN
fsr-3808	274	15	bill	bill	NOUN
fsr-3808	274	16	rate	rate	NOUN
fsr-3808	274	17	has	have	VERB
fsr-3808	274	18	a	a	DET
fsr-3808	274	19	strong	strong	ADJ
fsr-3808	274	20	predictive	predictive	ADJ
fsr-3808	274	21	power	power	NOUN
fsr-3808	274	22	in	in	ADP
fsr-3808	274	23	explaining	explain	VERB
fsr-3808	274	24	credit	credit	NOUN
fsr-3808	274	25	card	card	NOUN
fsr-3808	274	26	rate	rate	NOUN
fsr-3808	274	27	.	.	PUNCT
fsr-3808	275	1	sticky	sticky	ADJ
fsr-3808	275	2	credit	credit	NOUN
fsr-3808	275	3	card	card	NOUN
fsr-3808	275	4	rates	rate	NOUN
fsr-3808	275	5	65	65	NUM
fsr-3808	275	6	in	in	ADP
fsr-3808	275	7	a	a	DET
fsr-3808	275	8	recent	recent	ADJ
fsr-3808	275	9	study	study	NOUN
fsr-3808	275	10	,	,	PUNCT
fsr-3808	275	11	lown	lown	NOUN
fsr-3808	275	12	and	and	CCONJ
fsr-3808	275	13	peristiani	peristiani	PROPN
fsr-3808	275	14	(	(	PUNCT
fsr-3808	275	15	1996	1996	NUM
fsr-3808	275	16	)	)	PUNCT
fsr-3808	275	17	report	report	NOUN
fsr-3808	275	18	that	that	SCONJ
fsr-3808	275	19	after	after	ADP
fsr-3808	275	20	accounting	account	VERB
fsr-3808	275	21	for	for	ADP
fsr-3808	275	22	funding	funding	NOUN
fsr-3808	275	23	costs	cost	NOUN
fsr-3808	275	24	,	,	PUNCT
fsr-3808	275	25	the	the	DET
fsr-3808	275	26	premium	premium	NOUN
fsr-3808	275	27	charged	charge	VERB
fsr-3808	275	28	on	on	ADP
fsr-3808	275	29	consumer	consumer	NOUN
fsr-3808	275	30	loans	loan	NOUN
fsr-3808	275	31	by	by	ADP
fsr-3808	275	32	low	low	ADV
fsr-3808	275	33	-	-	PUNCT
fsr-3808	275	34	capitalized	capitalize	VERB
fsr-3808	275	35	banks	bank	NOUN
fsr-3808	275	36	is	be	AUX
fsr-3808	275	37	highly	highly	ADV
fsr-3808	275	38	signifi	signifi	ADJ
fsr-3808	275	39	ca	can	AUX
fsr-3808	275	40	nt	not	PART
fsr-3808	275	41	.	.	PUNCT
fsr-3808	276	1	stavins	stavin	NOUN
fsr-3808	276	2	(	(	PUNCT
fsr-3808	276	3	1996	1996	NUM
fsr-3808	276	4	)	)	PUNCT
fsr-3808	276	5	also	also	ADV
fsr-3808	276	6	finds	find	VERB
fsr-3808	276	7	a	a	DET
fsr-3808	276	8	high	high	ADJ
fsr-3808	276	9	correlation	correlation	NOUN
fsr-3808	276	10	coefficient	coefficient	NOUN
fsr-3808	276	11	between	between	ADP
fsr-3808	276	12	apr	apr	PROPN
fsr-3808	276	13	and	and	CCONJ
fsr-3808	276	14	the	the	DET
fsr-3808	276	15	fraction	fraction	NOUN
fsr-3808	276	16	of	of	ADP
fsr-3808	276	17	overdue	overdue	ADJ
fsr-3808	276	18	loans	loan	NOUN
fsr-3808	276	19	suggesting	suggest	VERB
fsr-3808	276	20	that	that	SCONJ
fsr-3808	276	21	high	high	ADJ
fsr-3808	276	22	-	-	PUNCT
fsr-3808	276	23	apr	apr	NOUN
fsr-3808	276	24	plans	plan	NOUN
fsr-3808	276	25	are	be	AUX
fsr-3808	276	26	associated	associate	VERB
fsr-3808	276	27	with	with	ADP
fsr-3808	276	28	high	high	ADJ
fsr-3808	276	29	rates	rate	NOUN
fsr-3808	276	30	of	of	ADP
fsr-3808	276	31	delin	delin	PROPN
fsr-3808	276	32	quency	quency	PROPN
fsr-3808	276	33	.	.	PUNCT
fsr-3808	277	1	these	these	DET
fsr-3808	277	2	results	result	NOUN
fsr-3808	277	3	represent	represent	VERB
fsr-3808	277	4	indirect	indirect	ADJ
fsr-3808	277	5	evidence	evidence	NOUN
fsr-3808	277	6	for	for	ADP
fsr-3808	277	7	the	the	DET
fsr-3808	277	8	validity	validity	NOUN
fsr-3808	277	9	of	of	ADP
fsr-3808	277	10	the	the	DET
fsr-3808	277	11	cost	cost	NOUN
fsr-3808	277	12	-	-	PUNCT
fsr-3808	277	13	plus	plus	CCONJ
fsr-3808	277	14	loan	loan	NOUN
fsr-3808	277	15	pric	pric	PROPN
fsr-3808	277	16	ing	ing	PROPN
fsr-3808	277	17	model	model	NOUN
fsr-3808	277	18	proposed	propose	VERB
fsr-3808	277	19	by	by	ADP
fsr-3808	277	20	rose	rose	NOUN
fsr-3808	277	21	(	(	PUNCT
fsr-3808	277	22	1985	1985	NUM
fsr-3808	277	23	)	)	PUNCT
fsr-3808	277	24	.	.	PUNCT
fsr-3808	278	1	given	give	VERB
fsr-3808	278	2	rose	rose	PROPN
fsr-3808	278	3	's	's	PART
fsr-3808	278	4	model	model	NOUN
fsr-3808	278	5	,	,	PUNCT
fsr-3808	278	6	the	the	DET
fsr-3808	278	7	cost	cost	NOUN
fsr-3808	278	8	of	of	ADP
fsr-3808	278	9	funds	fund	NOUN
fsr-3808	278	10	may	may	AUX
fsr-3808	278	11	not	not	PART
fsr-3808	278	12	be	be	AUX
fsr-3808	278	13	the	the	DET
fsr-3808	278	14	most	most	ADV
fsr-3808	278	15	important	important	ADJ
fsr-3808	278	16	determinant	determinant	ADJ
fsr-3808	278	17	of	of	ADP
fsr-3808	278	18	credit	credit	NOUN
fsr-3808	278	19	card	card	NOUN
fsr-3808	278	20	interest	interest	NOUN
fsr-3808	278	21	rate	rate	NOUN
fsr-3808	278	22	as	as	ADP
fsr-3808	278	23	ausubel	ausubel	PROPN
fsr-3808	278	24	(	(	PUNCT
fsr-3808	278	25	1991	1991	NUM
fsr-3808	278	26	)	)	PUNCT
fsr-3808	278	27	argues	argue	VERB
fsr-3808	278	28	.	.	PUNCT
fsr-3808	279	1	stavins	stavin	NOUN
fsr-3808	279	2	'	'	PART
fsr-3808	279	3	results	result	NOUN
fsr-3808	279	4	imply	imply	VERB
fsr-3808	279	5	that	that	SCONJ
fsr-3808	279	6	risk	risk	NOUN
fsr-3808	279	7	factor	factor	NOUN
fsr-3808	279	8	is	be	AUX
fsr-3808	279	9	another	another	DET
fsr-3808	279	10	major	major	ADJ
fsr-3808	279	11	determinant	determinant	NOUN
fsr-3808	279	12	of	of	ADP
fsr-3808	279	13	credit	credit	NOUN
fsr-3808	279	14	card	card	NOUN
fsr-3808	279	15	rates	rate	NOUN
fsr-3808	279	16	.	.	PUNCT
fsr-3808	280	1	therefore	therefore	ADV
fsr-3808	280	2	,	,	PUNCT
fsr-3808	280	3	it	it	PRON
fsr-3808	280	4	is	be	AUX
fsr-3808	280	5	logical	logical	ADJ
fsr-3808	280	6	for	for	SCONJ
fsr-3808	280	7	the	the	DET
fsr-3808	280	8	credit	credit	NOUN
fsr-3808	280	9	card	card	NOUN
fsr-3808	280	10	rates	rate	NOUN
fsr-3808	280	11	to	to	PART
fsr-3808	280	12	respond	respond	VERB
fsr-3808	280	13	sluggishly	sluggishly	ADV
fsr-3808	280	14	to	to	ADP
fsr-3808	280	15	the	the	DET
fsr-3808	280	16	costs	cost	NOUN
fsr-3808	280	17	of	of	ADP
fsr-3808	280	18	funds	fund	NOUN
fsr-3808	280	19	as	as	SCONJ
fsr-3808	280	20	reported	report	VERB
fsr-3808	280	21	in	in	ADP
fsr-3808	280	22	this	this	DET
fsr-3808	280	23	study	study	NOUN
fsr-3808	280	24	.	.	PUNCT
fsr-3808	281	1	the	the	DET
fsr-3808	281	2	results	result	NOUN
fsr-3808	281	3	of	of	ADP
fsr-3808	281	4	this	this	DET
fsr-3808	281	5	study	study	NOUN
fsr-3808	281	6	are	be	AUX
fsr-3808	281	7	consistent	consistent	ADJ
fsr-3808	281	8	with	with	ADP
fsr-3808	281	9	the	the	DET
fsr-3808	281	10	financial	financial	ADJ
fsr-3808	281	11	contracting	contracting	NOUN
fsr-3808	281	12	literature	literature	NOUN
fsr-3808	281	13	on	on	ADP
fsr-3808	281	14	asymmetric	asymmetric	ADJ
fsr-3808	281	15	information	information	NOUN
fsr-3808	281	16	and	and	CCONJ
fsr-3808	281	17	the	the	DET
fsr-3808	281	18	associated	associated	ADJ
fsr-3808	281	19	adverse	adverse	ADJ
fsr-3808	281	20	selection	selection	NOUN
fsr-3808	281	21	consequences	consequence	NOUN
fsr-3808	281	22	as	as	SCONJ
fsr-3808	281	23	discussed	discuss	VERB
fsr-3808	281	24	in	in	ADP
fsr-3808	281	25	berlin	berlin	PROPN
fsr-3808	281	26	and	and	CCONJ
fsr-3808	281	27	loeys	loey	NOUN
fsr-3808	281	28	(	(	PUNCT
fsr-3808	281	29	1988	1988	NUM
fsr-3808	281	30	)	)	PUNCT
fsr-3808	281	31	and	and	CCONJ
fsr-3808	281	32	best	good	ADJ
fsr-3808	281	33	and	and	CCONJ
fsr-3808	281	34	zhang	zhang	PROPN
fsr-3808	281	35	(	(	PUNCT
fsr-3808	281	36	1993	1993	NUM
fsr-3808	281	37	)	)	PUNCT
fsr-3808	281	38	.	.	PUNCT
fsr-3808	282	1	in	in	ADP
fsr-3808	282	2	the	the	DET
fsr-3808	282	3	credit	credit	NOUN
fsr-3808	282	4	card	card	NOUN
fsr-3808	282	5	market	market	NOUN
fsr-3808	282	6	,	,	PUNCT
fsr-3808	282	7	calem	calem	NOUN
fsr-3808	282	8	and	and	CCONJ
fsr-3808	282	9	mester	mester	NOUN
fsr-3808	282	10	(	(	PUNCT
fsr-3808	282	11	1995	1995	NUM
fsr-3808	282	12	)	)	PUNCT
fsr-3808	282	13	argue	argue	VERB
fsr-3808	282	14	that	that	SCONJ
fsr-3808	282	15	credit	credit	NOUN
fsr-3808	282	16	card	card	NOUN
fsr-3808	282	17	issuers	issuer	NOUN
fsr-3808	282	18	face	face	VERB
fsr-3808	282	19	adverse	adverse	ADJ
fsr-3808	282	20	selection	selection	NOUN
fsr-3808	282	21	from	from	ADP
fsr-3808	282	22	the	the	DET
fsr-3808	282	23	search	search	NOUN
fsr-3808	282	24	behavior	behavior	NOUN
fsr-3808	282	25	of	of	ADP
fsr-3808	282	26	cardholders	cardholder	NOUN
fsr-3808	282	27	and	and	CCONJ
fsr-3808	282	28	also	also	ADV
fsr-3808	282	29	the	the	DET
fsr-3808	282	30	cost	cost	NOUN
fsr-3808	282	31	associated	associate	VERB
fsr-3808	282	32	with	with	ADP
fsr-3808	282	33	switching	switching	NOUN
fsr-3808	282	34	.	.	PUNCT
fsr-3808	283	1	the	the	DET
fsr-3808	283	2	presence	presence	NOUN
fsr-3808	283	3	of	of	ADP
fsr-3808	283	4	asymmetric	asymmetric	ADJ
fsr-3808	283	5	information	information	NOUN
fsr-3808	283	6	between	between	ADP
fsr-3808	283	7	banks	bank	NOUN
fsr-3808	283	8	and	and	CCONJ
fsr-3808	283	9	consumers	consumer	NOUN
fsr-3808	283	10	in	in	ADP
fsr-3808	283	11	respect	respect	NOUN
fsr-3808	283	12	of	of	ADP
fsr-3808	283	13	consumers	consumer	NOUN
fsr-3808	283	14	'	'	PART
fsr-3808	283	15	probability	probability	NOUN
fsr-3808	283	16	of	of	ADP
fsr-3808	283	17	default	default	NOUN
fsr-3808	283	18	based	base	VERB
fsr-3808	283	19	on	on	ADP
fsr-3808	283	20	their	their	PRON
fsr-3808	283	21	future	future	ADJ
fsr-3808	283	22	incomes	income	NOUN
fsr-3808	283	23	leads	lead	VERB
fsr-3808	283	24	banks	bank	NOUN
fsr-3808	283	25	to	to	PART
fsr-3808	283	26	use	use	VERB
fsr-3808	283	27	collateral	collateral	NOUN
fsr-3808	283	28	to	to	PART
fsr-3808	283	29	screen	screen	NOUN
fsr-3808	283	30	loan	loan	NOUN
fsr-3808	283	31	applicants	applicant	NOUN
fsr-3808	283	32	.	.	PUNCT
fsr-3808	284	1	in	in	ADP
fsr-3808	284	2	general	general	ADJ
fsr-3808	284	3	,	,	PUNCT
fsr-3808	284	4	high	high	ADJ
fsr-3808	284	5	-	-	PUNCT
fsr-3808	284	6	risk	risk	NOUN
fsr-3808	284	7	customers	customer	NOUN
fsr-3808	284	8	will	will	AUX
fsr-3808	284	9	prefer	prefer	VERB
fsr-3808	284	10	credit	credit	NOUN
fsr-3808	284	11	card	card	NOUN
fsr-3808	284	12	loans	loan	NOUN
fsr-3808	284	13	to	to	ADP
fsr-3808	284	14	collateralized	collateralized	ADJ
fsr-3808	284	15	bank	bank	NOUN
fsr-3808	284	16	loans	loan	NOUN
fsr-3808	284	17	.	.	PUNCT
fsr-3808	285	1	on	on	ADP
fsr-3808	285	2	the	the	DET
fsr-3808	285	3	other	other	ADJ
fsr-3808	285	4	hand	hand	NOUN
fsr-3808	285	5	,	,	PUNCT
fsr-3808	285	6	low	low	ADJ
fsr-3808	285	7	-	-	PUNCT
fsr-3808	285	8	risk	risk	NOUN
fsr-3808	285	9	consumers	consumer	NOUN
fsr-3808	285	10	prefer	prefer	VERB
fsr-3808	285	11	collateralized	collateralized	ADJ
fsr-3808	285	12	loans	loan	NOUN
fsr-3808	285	13	.	.	PUNCT
fsr-3808	286	1	according	accord	VERB
fsr-3808	286	2	to	to	ADP
fsr-3808	286	3	mester	mester	NOUN
fsr-3808	286	4	(	(	PUNCT
fsr-3808	286	5	1993	1993	NUM
fsr-3808	286	6	)	)	PUNCT
fsr-3808	286	7	,	,	PUNCT
fsr-3808	286	8	when	when	SCONJ
fsr-3808	286	9	the	the	DET
fsr-3808	286	10	cost	cost	NOUN
fsr-3808	286	11	of	of	ADP
fsr-3808	286	12	funds	fund	NOUN
fsr-3808	286	13	goes	go	VERB
fsr-3808	286	14	down	down	ADV
fsr-3808	286	15	,	,	PUNCT
fsr-3808	286	16	low	low	ADJ
fsr-3808	286	17	-	-	PUNCT
fsr-3808	286	18	risk	risk	NOUN
fsr-3808	286	19	consumers	consumer	NOUN
fsr-3808	286	20	would	would	AUX
fsr-3808	286	21	naturally	naturally	ADV
fsr-3808	286	22	abandon	abandon	VERB
fsr-3808	286	23	the	the	DET
fsr-3808	286	24	credit	credit	NOUN
fsr-3808	286	25	card	card	NOUN
fsr-3808	286	26	market	market	NOUN
fsr-3808	286	27	and	and	CCONJ
fsr-3808	286	28	use	use	VERB
fsr-3808	286	29	the	the	DET
fsr-3808	286	30	collateralized	collateralized	ADJ
fsr-3808	286	31	loan	loan	NOUN
fsr-3808	286	32	market	market	NOUN
fsr-3808	286	33	.	.	PUNCT
fsr-3808	287	1	the	the	DET
fsr-3808	287	2	credit	credit	NOUN
fsr-3808	287	3	card	card	NOUN
fsr-3808	287	4	market	market	NOUN
fsr-3808	287	5	would	would	AUX
fsr-3808	287	6	be	be	AUX
fsr-3808	287	7	dominated	dominate	VERB
fsr-3808	287	8	by	by	ADP
fsr-3808	287	9	high	high	ADJ
fsr-3808	287	10	-	-	PUNCT
fsr-3808	287	11	risk	risk	NOUN
fsr-3808	287	12	consumers	consumer	NOUN
fsr-3808	287	13	.	.	PUNCT
fsr-3808	288	1	therefore	therefore	ADV
fsr-3808	288	2	,	,	PUNCT
fsr-3808	288	3	credit	credit	NOUN
fsr-3808	288	4	card	card	NOUN
fsr-3808	288	5	issuers	issuer	NOUN
fsr-3808	288	6	are	be	AUX
fsr-3808	288	7	not	not	PART
fsr-3808	288	8	motivated	motivated	ADJ
fsr-3808	288	9	to	to	PART
fsr-3808	288	10	drop	drop	VERB
fsr-3808	288	11	rates	rate	NOUN
fsr-3808	288	12	in	in	ADP
fsr-3808	288	13	response	response	NOUN
fsr-3808	288	14	to	to	ADP
fsr-3808	288	15	a	a	DET
fsr-3808	288	16	decline	decline	NOUN
fsr-3808	288	17	in	in	ADP
fsr-3808	288	18	the	the	DET
fsr-3808	288	19	cost	cost	NOUN
fsr-3808	288	20	of	of	ADP
fsr-3808	288	21	funds	fund	NOUN
fsr-3808	288	22	.	.	PUNCT
fsr-3808	289	1	the	the	DET
fsr-3808	289	2	implication	implication	NOUN
fsr-3808	289	3	of	of	ADP
fsr-3808	289	4	this	this	DET
fsr-3808	289	5	phenomenon	phenomenon	NOUN
fsr-3808	289	6	,	,	PUNCT
fsr-3808	289	7	according	accord	VERB
fsr-3808	289	8	to	to	ADP
fsr-3808	289	9	mester	mester	NOUN
fsr-3808	289	10	,	,	PUNCT
fsr-3808	289	11	is	be	AUX
fsr-3808	289	12	that	that	SCONJ
fsr-3808	289	13	the	the	DET
fsr-3808	289	14	spread	spread	NOUN
fsr-3808	289	15	between	between	ADP
fsr-3808	289	16	the	the	DET
fsr-3808	289	17	rate	rate	NOUN
fsr-3808	289	18	of	of	ADP
fsr-3808	289	19	interest	interest	NOUN
fsr-3808	289	20	on	on	ADP
fsr-3808	289	21	credit	credit	NOUN
fsr-3808	289	22	card	card	NOUN
fsr-3808	289	23	and	and	CCONJ
fsr-3808	289	24	the	the	DET
fsr-3808	289	25	cost	cost	NOUN
fsr-3808	289	26	of	of	ADP
fsr-3808	289	27	funds	fund	NOUN
fsr-3808	289	28	will	will	AUX
fsr-3808	289	29	be	be	AUX
fsr-3808	289	30	positively	positively	ADV
fsr-3808	289	31	correlated	correlate	VERB
fsr-3808	289	32	with	with	ADP
fsr-3808	289	33	the	the	DET
fsr-3808	289	34	default	default	NOUN
fsr-3808	289	35	rate	rate	NOUN
fsr-3808	289	36	.	.	PUNCT
fsr-3808	290	1	this	this	DET
fsr-3808	290	2	argument	argument	NOUN
fsr-3808	290	3	represents	represent	VERB
fsr-3808	290	4	the	the	DET
fsr-3808	290	5	position	position	NOUN
fsr-3808	290	6	of	of	ADP
fsr-3808	290	7	the	the	DET
fsr-3808	290	8	proponents	proponent	NOUN
fsr-3808	290	9	of	of	ADP
fsr-3808	290	10	adverse	adverse	ADJ
fsr-3808	290	11	selection	selection	NOUN
fsr-3808	290	12	as	as	ADP
fsr-3808	290	13	an	an	DET
fsr-3808	290	14	explanation	explanation	NOUN
fsr-3808	290	15	for	for	ADP
fsr-3808	290	16	nonresponse	nonresponse	NOUN
fsr-3808	290	17	of	of	ADP
fsr-3808	290	18	card	card	NOUN
fsr-3808	290	19	rate	rate	NOUN
fsr-3808	290	20	to	to	ADP
fsr-3808	290	21	the	the	DET
fsr-3808	290	22	cost	cost	NOUN
fsr-3808	290	23	of	of	ADP
fsr-3808	290	24	funds	fund	NOUN
fsr-3808	290	25	.	.	PUNCT
fsr-3808	291	1	the	the	DET
fsr-3808	291	2	results	result	NOUN
fsr-3808	291	3	reported	report	VERB
fsr-3808	291	4	by	by	ADP
fsr-3808	291	5	sullivan	sullivan	PROPN
fsr-3808	291	6	and	and	CCONJ
fsr-3808	291	7	worden	worden	PROPN
fsr-3808	291	8	(	(	PUNCT
fsr-3808	291	9	1995	1995	NUM
fsr-3808	291	10	)	)	PUNCT
fsr-3808	291	11	suggest	suggest	VERB
fsr-3808	291	12	that	that	SCONJ
fsr-3808	291	13	the	the	DET
fsr-3808	291	14	estimated	estimate	VERB
fsr-3808	291	15	value	value	NOUN
fsr-3808	291	16	of	of	ADP
fsr-3808	291	17	cardholders	cardholder	NOUN
fsr-3808	291	18	'	'	PART
fsr-3808	291	19	option	option	NOUN
fsr-3808	291	20	to	to	PART
fsr-3808	291	21	default	default	NOUN
fsr-3808	291	22	is	be	AUX
fsr-3808	291	23	significantly	significantly	ADV
fsr-3808	291	24	higher	high	ADJ
fsr-3808	291	25	for	for	ADP
fsr-3808	291	26	bankruptcy	bankruptcy	NOUN
fsr-3808	291	27	than	than	SCONJ
fsr-3808	291	28	outfight	outfight	VERB
fsr-3808	291	29	default	default	NOUN
fsr-3808	291	30	.	.	PUNCT
fsr-3808	292	1	this	this	DET
fsr-3808	292	2	situation	situation	NOUN
fsr-3808	292	3	is	be	AUX
fsr-3808	292	4	partic	partic	ADJ
fsr-3808	292	5	ularly	ularly	ADV
fsr-3808	292	6	captivating	captivate	VERB
fsr-3808	292	7	in	in	ADP
fsr-3808	292	8	light	light	NOUN
fsr-3808	292	9	of	of	ADP
fsr-3808	292	10	the	the	DET
fsr-3808	292	11	loan	loan	NOUN
fsr-3808	292	12	pricing	pricing	NOUN
fsr-3808	292	13	equation	equation	NOUN
fsr-3808	292	14	1	1	NUM
fsr-3808	292	15	.	.	PUNCT
fsr-3808	293	1	any	any	DET
fsr-3808	293	2	decline	decline	NOUN
fsr-3808	293	3	in	in	ADP
fsr-3808	293	4	the	the	DET
fsr-3808	293	5	cost	cost	NOUN
fsr-3808	293	6	of	of	ADP
fsr-3808	293	7	funds	fund	NOUN
fsr-3808	293	8	leads	lead	VERB
fsr-3808	293	9	to	to	ADP
fsr-3808	293	10	an	an	DET
fsr-3808	293	11	increase	increase	NOUN
fsr-3808	293	12	in	in	ADP
fsr-3808	293	13	default	default	NOUN
fsr-3808	293	14	risk	risk	NOUN
fsr-3808	293	15	.	.	PUNCT
fsr-3808	294	1	consequently	consequently	ADV
fsr-3808	294	2	,	,	PUNCT
fsr-3808	294	3	the	the	DET
fsr-3808	294	4	overall	overall	ADJ
fsr-3808	294	5	loan	loan	NOUN
fsr-3808	294	6	rate	rate	NOUN
fsr-3808	294	7	(	(	PUNCT
fsr-3808	294	8	credit	credit	NOUN
fsr-3808	294	9	card	card	NOUN
fsr-3808	294	10	rate	rate	NOUN
fsr-3808	294	11	)	)	PUNCT
fsr-3808	294	12	is	be	AUX
fsr-3808	294	13	relatively	relatively	ADV
fsr-3808	294	14	inflexible	inflexible	ADJ
fsr-3808	294	15	to	to	ADP
fsr-3808	294	16	changes	change	NOUN
fsr-3808	294	17	in	in	ADP
fsr-3808	294	18	the	the	DET
fsr-3808	294	19	cost	cost	NOUN
fsr-3808	294	20	of	of	ADP
fsr-3808	294	21	funds	fund	NOUN
fsr-3808	294	22	.	.	PUNCT
fsr-3808	295	1	calem	calem	NOUN
fsr-3808	295	2	and	and	CCONJ
fsr-3808	295	3	mester	mester	NOUN
fsr-3808	295	4	(	(	PUNCT
fsr-3808	295	5	1992	1992	NUM
fsr-3808	295	6	)	)	PUNCT
fsr-3808	295	7	have	have	AUX
fsr-3808	295	8	also	also	ADV
fsr-3808	295	9	written	write	VERB
fsr-3808	295	10	about	about	ADP
fsr-3808	295	11	borrowers	borrower	NOUN
fsr-3808	295	12	'	'	PART
fsr-3808	295	13	switching	switching	NOUN
fsr-3808	295	14	costs	cost	NOUN
fsr-3808	295	15	.	.	PUNCT
fsr-3808	296	1	once	once	ADV
fsr-3808	296	2	a	a	DET
fsr-3808	296	3	consumer	consumer	NOUN
fsr-3808	296	4	carries	carry	VERB
fsr-3808	296	5	a	a	DET
fsr-3808	296	6	substantial	substantial	ADJ
fsr-3808	296	7	amount	amount	NOUN
fsr-3808	296	8	of	of	ADP
fsr-3808	296	9	debt	debt	NOUN
fsr-3808	296	10	on	on	ADP
fsr-3808	296	11	a	a	DET
fsr-3808	296	12	credit	credit	NOUN
fsr-3808	296	13	card	card	NOUN
fsr-3808	296	14	,	,	PUNCT
fsr-3808	296	15	it	it	PRON
fsr-3808	296	16	is	be	AUX
fsr-3808	296	17	difficult	difficult	ADJ
fsr-3808	296	18	for	for	SCONJ
fsr-3808	296	19	the	the	DET
fsr-3808	296	20	con	con	PROPN
fsr-3808	296	21	sumer	sumer	NOUN
fsr-3808	296	22	to	to	PART
fsr-3808	296	23	transfer	transfer	VERB
fsr-3808	296	24	from	from	ADP
fsr-3808	296	25	one	one	NUM
fsr-3808	296	26	issuer	issuer	NOUN
fsr-3808	296	27	to	to	ADP
fsr-3808	296	28	another	another	PRON
fsr-3808	296	29	.	.	PUNCT
fsr-3808	297	1	the	the	DET
fsr-3808	297	2	rationale	rationale	NOUN
fsr-3808	297	3	is	be	AUX
fsr-3808	297	4	that	that	SCONJ
fsr-3808	297	5	the	the	DET
fsr-3808	297	6	new	new	ADJ
fsr-3808	297	7	issuer	issuer	NOUN
fsr-3808	297	8	would	would	AUX
fsr-3808	297	9	con	con	PROPN
fsr-3808	297	10	sider	sider	VERB
fsr-3808	297	11	the	the	DET
fsr-3808	297	12	existing	exist	VERB
fsr-3808	297	13	debt	debt	NOUN
fsr-3808	297	14	as	as	ADP
fsr-3808	297	15	a	a	DET
fsr-3808	297	16	negative	negative	ADJ
fsr-3808	297	17	strike	strike	NOUN
fsr-3808	297	18	against	against	ADP
fsr-3808	297	19	the	the	DET
fsr-3808	297	20	consumer	consumer	NOUN
fsr-3808	297	21	.	.	PUNCT
fsr-3808	298	1	calem	calem	PROPN
fsr-3808	298	2	and	and	CCONJ
fsr-3808	298	3	mester	mester	NOUN
fsr-3808	298	4	observed	observe	VERB
fsr-3808	298	5	that	that	SCONJ
fsr-3808	298	6	the	the	DET
fsr-3808	298	7	switching	switch	VERB
fsr-3808	298	8	cost	cost	NOUN
fsr-3808	298	9	argument	argument	NOUN
fsr-3808	298	10	is	be	AUX
fsr-3808	298	11	consistent	consistent	ADJ
fsr-3808	298	12	with	with	ADP
fsr-3808	298	13	nonprice	nonprice	NOUN
fsr-3808	298	14	competition	competition	NOUN
fsr-3808	298	15	in	in	ADP
fsr-3808	298	16	the	the	DET
fsr-3808	298	17	credit	credit	NOUN
fsr-3808	298	18	card	card	NOUN
fsr-3808	298	19	market	market	NOUN
fsr-3808	298	20	as	as	SCONJ
fsr-3808	298	21	we	we	PRON
fsr-3808	298	22	currently	currently	ADV
fsr-3808	298	23	witness	witness	VERB
fsr-3808	298	24	.	.	PUNCT
fsr-3808	299	1	there	there	PRON
fsr-3808	299	2	is	be	VERB
fsr-3808	299	3	a	a	DET
fsr-3808	299	4	pool	pool	NOUN
fsr-3808	299	5	of	of	ADP
fsr-3808	299	6	consumers	consumer	NOUN
fsr-3808	299	7	who	who	PRON
fsr-3808	299	8	are	be	AUX
fsr-3808	299	9	reluctant	reluctant	ADJ
fsr-3808	299	10	to	to	PART
fsr-3808	299	11	search	search	VERB
fsr-3808	299	12	for	for	ADP
fsr-3808	299	13	the	the	DET
fsr-3808	299	14	card	card	NOUN
fsr-3808	299	15	that	that	PRON
fsr-3808	299	16	offers	offer	VERB
fsr-3808	299	17	the	the	DET
fsr-3808	299	18	best	good	ADJ
fsr-3808	299	19	rate	rate	NOUN
fsr-3808	299	20	of	of	ADP
fsr-3808	299	21	interest	interest	NOUN
fsr-3808	299	22	.	.	PUNCT
fsr-3808	300	1	the	the	DET
fsr-3808	300	2	undisciplined	undisciplined	ADJ
fsr-3808	300	3	card	card	NOUN
fsr-3808	300	4	users	user	NOUN
fsr-3808	300	5	do	do	AUX
fsr-3808	300	6	not	not	PART
fsr-3808	300	7	always	always	ADV
fsr-3808	300	8	plan	plan	VERB
fsr-3808	300	9	to	to	PART
fsr-3808	300	10	borrow	borrow	VERB
fsr-3808	300	11	but	but	CCONJ
fsr-3808	300	12	find	find	VERB
fsr-3808	300	13	themselves	themselves	PRON
fsr-3808	300	14	in	in	ADP
fsr-3808	300	15	debt	debt	NOUN
fsr-3808	300	16	because	because	SCONJ
fsr-3808	300	17	of	of	ADP
fsr-3808	300	18	inability	inability	NOUN
fsr-3808	300	19	to	to	PART
fsr-3808	300	20	settle	settle	VERB
fsr-3808	300	21	their	their	PRON
fsr-3808	300	22	card	card	NOUN
fsr-3808	300	23	bills	bill	NOUN
fsr-3808	300	24	.	.	PUNCT
fsr-3808	301	1	because	because	SCONJ
fsr-3808	301	2	this	this	DET
fsr-3808	301	3	group	group	NOUN
fsr-3808	301	4	of	of	ADP
fsr-3808	301	5	card	card	NOUN
fsr-3808	301	6	users	user	NOUN
fsr-3808	301	7	do	do	AUX
fsr-3808	301	8	not	not	PART
fsr-3808	301	9	plan	plan	VERB
fsr-3808	301	10	to	to	PART
fsr-3808	301	11	exploit	exploit	VERB
fsr-3808	301	12	the	the	DET
fsr-3808	301	13	credit	credit	NOUN
fsr-3808	301	14	feature	feature	NOUN
fsr-3808	301	15	of	of	ADP
fsr-3808	301	16	their	their	PRON
fsr-3808	301	17	cards	card	NOUN
fsr-3808	301	18	,	,	PUNCT
fsr-3808	301	19	they	they	PRON
fsr-3808	301	20	are	be	AUX
fsr-3808	301	21	not	not	PART
fsr-3808	301	22	motivated	motivated	ADJ
fsr-3808	301	23	to	to	PART
fsr-3808	301	24	search	search	VERB
fsr-3808	301	25	.	.	PUNCT
fsr-3808	302	1	they	they	PRON
fsr-3808	302	2	always	always	ADV
fsr-3808	302	3	believe	believe	VERB
fsr-3808	302	4	that	that	SCONJ
fsr-3808	302	5	their	their	PRON
fsr-3808	302	6	peculiar	peculiar	ADJ
fsr-3808	302	7	situation	situation	NOUN
fsr-3808	302	8	will	will	AUX
fsr-3808	302	9	be	be	AUX
fsr-3808	302	10	short	short	ADV
fsr-3808	302	11	-	-	PUNCT
fsr-3808	302	12	lived	live	VERB
fsr-3808	302	13	.	.	PUNCT
fsr-3808	303	1	this	this	DET
fsr-3808	303	2	popula	popula	ADJ
fsr-3808	303	3	tion	tion	NOUN
fsr-3808	303	4	of	of	ADP
fsr-3808	303	5	cardholders	cardholder	NOUN
fsr-3808	303	6	also	also	ADV
fsr-3808	303	7	includes	include	VERB
fsr-3808	303	8	those	those	PRON
fsr-3808	303	9	who	who	PRON
fsr-3808	303	10	refuse	refuse	VERB
fsr-3808	303	11	to	to	PART
fsr-3808	303	12	search	search	VERB
fsr-3808	303	13	because	because	SCONJ
fsr-3808	303	14	of	of	ADP
fsr-3808	303	15	the	the	DET
fsr-3808	303	16	fear	fear	NOUN
fsr-3808	303	17	that	that	SCONJ
fsr-3808	303	18	such	such	DET
fsr-3808	303	19	an	an	DET
fsr-3808	303	20	action	action	NOUN
fsr-3808	303	21	would	would	AUX
fsr-3808	303	22	reflect	reflect	VERB
fsr-3808	303	23	negatively	negatively	ADV
fsr-3808	303	24	on	on	ADP
fsr-3808	303	25	their	their	PRON
fsr-3808	303	26	credit	credit	NOUN
fsr-3808	303	27	reports	report	NOUN
fsr-3808	303	28	.	.	PUNCT
fsr-3808	304	1	in	in	ADP
fsr-3808	304	2	view	view	NOUN
fsr-3808	304	3	of	of	ADP
fsr-3808	304	4	the	the	DET
fsr-3808	304	5	aforementioned	aforementione	VERB
fsr-3808	304	6	,	,	PUNCT
fsr-3808	304	7	the	the	DET
fsr-3808	304	8	large	large	ADJ
fsr-3808	304	9	pool	pool	NOUN
fsr-3808	304	10	of	of	ADP
fsr-3808	304	11	potential	potential	ADJ
fsr-3808	304	12	high	high	ADJ
fsr-3808	304	13	-	-	PUNCT
fsr-3808	304	14	risk	risk	NOUN
fsr-3808	304	15	card	card	NOUN
fsr-3808	304	16	holders	holder	NOUN
fsr-3808	304	17	moti	moti	PROPN
fsr-3808	304	18	vates	vate	VERB
fsr-3808	304	19	credit	credit	NOUN
fsr-3808	304	20	card	card	NOUN
fsr-3808	304	21	issuers	issuer	NOUN
fsr-3808	304	22	to	to	PART
fsr-3808	304	23	charge	charge	VERB
fsr-3808	304	24	rates	rate	NOUN
fsr-3808	304	25	that	that	PRON
fsr-3808	304	26	reflect	reflect	VERB
fsr-3808	304	27	maximum	maximum	ADJ
fsr-3808	304	28	risk	risk	NOUN
fsr-3808	304	29	.	.	PUNCT
fsr-3808	305	1	with	with	ADP
fsr-3808	305	2	reference	reference	NOUN
fsr-3808	305	3	to	to	PART
fsr-3808	305	4	equa	equa	VERB
fsr-3808	305	5	66	66	NUM
fsr-3808	305	6	financial	financial	ADJ
fsr-3808	305	7	services	service	NOUN
fsr-3808	305	8	review	review	VERB
fsr-3808	305	9	6(1	6(1	NUM
fsr-3808	305	10	)	)	PUNCT
fsr-3808	305	11	1997	1997	NUM
fsr-3808	305	12	tion	tion	NOUN
fsr-3808	305	13	1	1	NUM
fsr-3808	305	14	,	,	PUNCT
fsr-3808	305	15	one	one	PRON
fsr-3808	305	16	can	can	AUX
fsr-3808	305	17	observe	observe	VERB
fsr-3808	305	18	that	that	SCONJ
fsr-3808	305	19	as	as	ADP
fsr-3808	305	20	the	the	DET
fsr-3808	305	21	cost	cost	NOUN
fsr-3808	305	22	of	of	ADP
fsr-3808	305	23	funds	fund	NOUN
fsr-3808	305	24	(	(	PUNCT
fsr-3808	305	25	costt	costt	NOUN
fsr-3808	305	26	.	.	PUNCT
fsr-3808	306	1	1	1	NUM
fsr-3808	306	2	)	)	PUNCT
fsr-3808	306	3	goes	go	VERB
fsr-3808	306	4	down	down	ADV
fsr-3808	306	5	,	,	PUNCT
fsr-3808	306	6	the	the	DET
fsr-3808	306	7	risk	risk	NOUN
fsr-3808	306	8	factor	factor	NOUN
fsr-3808	306	9	(	(	PUNCT
fsr-3808	306	10	r	r	NOUN
fsr-3808	306	11	t	t	PROPN
fsr-3808	306	12	)	)	PUNCT
fsr-3808	306	13	increases	increase	NOUN
fsr-3808	306	14	because	because	SCONJ
fsr-3808	306	15	the	the	DET
fsr-3808	306	16	low	low	ADJ
fsr-3808	306	17	risk	risk	NOUN
fsr-3808	306	18	cardholders	cardholder	NOUN
fsr-3808	306	19	seek	seek	VERB
fsr-3808	306	20	collateralized	collateralized	ADJ
fsr-3808	306	21	loans	loan	NOUN
fsr-3808	306	22	.	.	PUNCT
fsr-3808	307	1	the	the	DET
fsr-3808	307	2	pool	pool	NOUN
fsr-3808	307	3	of	of	ADP
fsr-3808	307	4	cardhold	cardhold	ADJ
fsr-3808	307	5	ers	er	NOUN
fsr-3808	307	6	now	now	ADV
fsr-3808	307	7	consists	consist	VERB
fsr-3808	307	8	of	of	ADP
fsr-3808	307	9	mostly	mostly	ADV
fsr-3808	307	10	the	the	DET
fsr-3808	307	11	high	high	ADJ
fsr-3808	307	12	-	-	PUNCT
fsr-3808	307	13	risk	risk	NOUN
fsr-3808	307	14	customers	customer	NOUN
fsr-3808	307	15	.	.	PUNCT
fsr-3808	308	1	thus	thus	ADV
fsr-3808	308	2	,	,	PUNCT
fsr-3808	308	3	the	the	DET
fsr-3808	308	4	downward	downward	ADJ
fsr-3808	308	5	pressure	pressure	NOUN
fsr-3808	308	6	on	on	ADP
fsr-3808	308	7	credit	credit	NOUN
fsr-3808	308	8	card	card	NOUN
fsr-3808	308	9	rates	rate	NOUN
fsr-3808	308	10	from	from	ADP
fsr-3808	308	11	a	a	DET
fsr-3808	308	12	decrease	decrease	NOUN
fsr-3808	308	13	in	in	ADP
fsr-3808	308	14	the	the	DET
fsr-3808	308	15	cost	cost	NOUN
fsr-3808	308	16	of	of	ADP
fsr-3808	308	17	funds	fund	NOUN
fsr-3808	308	18	is	be	AUX
fsr-3808	308	19	offset	offset	VERB
fsr-3808	308	20	by	by	ADP
fsr-3808	308	21	an	an	DET
fsr-3808	308	22	upward	upward	ADJ
fsr-3808	308	23	pressure	pressure	NOUN
fsr-3808	308	24	from	from	ADP
fsr-3808	308	25	an	an	DET
fsr-3808	308	26	increase	increase	NOUN
fsr-3808	308	27	in	in	ADP
fsr-3808	308	28	the	the	DET
fsr-3808	308	29	riskiness	riskiness	NOUN
fsr-3808	308	30	of	of	ADP
fsr-3808	308	31	the	the	DET
fsr-3808	308	32	credit	credit	NOUN
fsr-3808	308	33	card	card	NOUN
fsr-3808	308	34	issuer	issuer	NOUN
fsr-3808	308	35	's	's	PART
fsr-3808	308	36	portfolio	portfolio	NOUN
fsr-3808	308	37	.	.	PUNCT
fsr-3808	309	1	all	all	DET
fsr-3808	309	2	other	other	ADJ
fsr-3808	309	3	things	thing	NOUN
fsr-3808	309	4	being	be	AUX
fsr-3808	309	5	equal	equal	ADJ
fsr-3808	309	6	,	,	PUNCT
fsr-3808	309	7	the	the	DET
fsr-3808	309	8	overall	overall	ADJ
fsr-3808	309	9	impact	impact	NOUN
fsr-3808	309	10	of	of	ADP
fsr-3808	309	11	these	these	DET
fsr-3808	309	12	two	two	NUM
fsr-3808	309	13	forces	force	NOUN
fsr-3808	309	14	on	on	ADP
fsr-3808	309	15	credit	credit	NOUN
fsr-3808	309	16	card	card	NOUN
fsr-3808	309	17	rates	rate	NOUN
fsr-3808	309	18	will	will	AUX
fsr-3808	309	19	be	be	AUX
fsr-3808	309	20	insignificant	insignificant	ADJ
fsr-3808	309	21	.	.	PUNCT
fsr-3808	310	1	this	this	DET
fsr-3808	310	2	study	study	NOUN
fsr-3808	310	3	shows	show	VERB
fsr-3808	310	4	that	that	SCONJ
fsr-3808	310	5	credit	credit	NOUN
fsr-3808	310	6	card	card	NOUN
fsr-3808	310	7	rates	rate	NOUN
fsr-3808	310	8	and	and	CCONJ
fsr-3808	310	9	credit	credit	NOUN
fsr-3808	310	10	card	card	NOUN
fsr-3808	310	11	funding	funding	NOUN
fsr-3808	310	12	costs	cost	NOUN
fsr-3808	310	13	are	be	AUX
fsr-3808	310	14	cointegrated	cointegrate	VERB
fsr-3808	310	15	and	and	CCONJ
fsr-3808	310	16	that	that	SCONJ
fsr-3808	310	17	credit	credit	NOUN
fsr-3808	310	18	card	card	NOUN
fsr-3808	310	19	rates	rate	NOUN
fsr-3808	310	20	adjust	adjust	VERB
fsr-3808	310	21	to	to	ADP
fsr-3808	310	22	changes	change	NOUN
fsr-3808	310	23	in	in	ADP
fsr-3808	310	24	funding	funding	NOUN
fsr-3808	310	25	costs	cost	NOUN
fsr-3808	310	26	in	in	ADP
fsr-3808	310	27	a	a	DET
fsr-3808	310	28	sluggish	sluggish	ADJ
fsr-3808	310	29	fashion	fashion	NOUN
fsr-3808	310	30	.	.	PUNCT
fsr-3808	311	1	these	these	DET
fsr-3808	311	2	results	result	NOUN
fsr-3808	311	3	are	be	AUX
fsr-3808	311	4	only	only	ADV
fsr-3808	311	5	applicable	applicable	ADJ
fsr-3808	311	6	to	to	ADP
fsr-3808	311	7	the	the	DET
fsr-3808	311	8	1982	1982	NUM
fsr-3808	311	9	-	-	SYM
fsr-3808	311	10	1994	1994	NUM
fsr-3808	311	11	period	period	NOUN
fsr-3808	311	12	.	.	PUNCT
fsr-3808	312	1	however	however	ADV
fsr-3808	312	2	,	,	PUNCT
fsr-3808	312	3	the	the	DET
fsr-3808	312	4	results	result	NOUN
fsr-3808	312	5	explain	explain	VERB
fsr-3808	312	6	why	why	SCONJ
fsr-3808	312	7	past	past	ADJ
fsr-3808	312	8	empirical	empirical	ADJ
fsr-3808	312	9	work	work	NOUN
fsr-3808	312	10	has	have	AUX
fsr-3808	312	11	failed	fail	VERB
fsr-3808	312	12	to	to	PART
fsr-3808	312	13	identify	identify	VERB
fsr-3808	312	14	a	a	DET
fsr-3808	312	15	significant	significant	ADJ
fsr-3808	312	16	relationship	relationship	NOUN
fsr-3808	312	17	between	between	ADP
fsr-3808	312	18	credit	credit	NOUN
fsr-3808	312	19	card	card	NOUN
fsr-3808	312	20	interest	interest	NOUN
fsr-3808	312	21	rates	rate	NOUN
fsr-3808	312	22	and	and	CCONJ
fsr-3808	312	23	costs	cost	NOUN
fsr-3808	312	24	of	of	ADP
fsr-3808	312	25	funds	fund	NOUN
fsr-3808	312	26	,	,	PUNCT
fsr-3808	312	27	and	and	CCONJ
fsr-3808	312	28	they	they	PRON
fsr-3808	312	29	offer	offer	VERB
fsr-3808	312	30	empirical	empirical	ADJ
fsr-3808	312	31	support	support	NOUN
fsr-3808	312	32	for	for	ADP
fsr-3808	312	33	alternative	alternative	ADJ
fsr-3808	312	34	explanations	explanation	NOUN
fsr-3808	312	35	why	why	SCONJ
fsr-3808	312	36	credit	credit	NOUN
fsr-3808	312	37	card	card	NOUN
fsr-3808	312	38	rates	rate	NOUN
fsr-3808	312	39	appear	appear	VERB
fsr-3808	312	40	invariant	invariant	ADJ
fsr-3808	312	41	to	to	ADP
fsr-3808	312	42	funding	funding	NOUN
fsr-3808	312	43	costs	cost	NOUN
fsr-3808	312	44	in	in	ADP
fsr-3808	312	45	the	the	DET
fsr-3808	312	46	financial	financial	ADJ
fsr-3808	312	47	economics	economic	NOUN
fsr-3808	312	48	literature	literature	NOUN
fsr-3808	312	49	.	.	PUNCT
fsr-3808	313	1	moreover	moreover	ADV
fsr-3808	313	2	,	,	PUNCT
fsr-3808	313	3	within	within	ADP
fsr-3808	313	4	rose	rose	NOUN
fsr-3808	313	5	's	's	PART
fsr-3808	313	6	cost	cost	NOUN
fsr-3808	313	7	-	-	PUNCT
fsr-3808	313	8	plus	plus	CCONJ
fsr-3808	313	9	loan	loan	NOUN
fsr-3808	313	10	-	-	PUNCT
fsr-3808	313	11	pricing	pricing	NOUN
fsr-3808	313	12	framework	framework	NOUN
fsr-3808	313	13	,	,	PUNCT
fsr-3808	313	14	the	the	DET
fsr-3808	313	15	credit	credit	NOUN
fsr-3808	313	16	card	card	NOUN
fsr-3808	313	17	market	market	NOUN
fsr-3808	313	18	can	can	AUX
fsr-3808	313	19	indeed	indeed	ADV
fsr-3808	313	20	be	be	AUX
fsr-3808	313	21	characterized	characterize	VERB
fsr-3808	313	22	as	as	ADP
fsr-3808	313	23	a	a	DET
fsr-3808	313	24	competitive	competitive	ADJ
fsr-3808	313	25	market	market	NOUN
fsr-3808	313	26	.	.	PUNCT
fsr-3808	314	1	the	the	DET
fsr-3808	314	2	difficulty	difficulty	NOUN
fsr-3808	314	3	in	in	ADP
fsr-3808	314	4	measuring	measure	VERB
fsr-3808	314	5	the	the	DET
fsr-3808	314	6	competi	competi	PROPN
fsr-3808	314	7	tive	tive	PROPN
fsr-3808	314	8	nature	nature	NOUN
fsr-3808	314	9	of	of	ADP
fsr-3808	314	10	the	the	DET
fsr-3808	314	11	market	market	NOUN
fsr-3808	314	12	is	be	AUX
fsr-3808	314	13	related	relate	VERB
fsr-3808	314	14	to	to	ADP
fsr-3808	314	15	a	a	DET
fsr-3808	314	16	set	set	NOUN
fsr-3808	314	17	of	of	ADP
fsr-3808	314	18	specific	specific	ADJ
fsr-3808	314	19	institutional	institutional	ADJ
fsr-3808	314	20	characteristics	characteristic	NOUN
fsr-3808	314	21	at	at	ADP
fsr-3808	314	22	work	work	NOUN
fsr-3808	314	23	in	in	ADP
fsr-3808	314	24	the	the	DET
fsr-3808	314	25	marketplace	marketplace	NOUN
fsr-3808	314	26	.	.	PUNCT
fsr-3808	315	1	finally	finally	ADV
fsr-3808	315	2	,	,	PUNCT
fsr-3808	315	3	the	the	DET
fsr-3808	315	4	presence	presence	NOUN
fsr-3808	315	5	of	of	ADP
fsr-3808	315	6	asymmetric	asymmetric	ADJ
fsr-3808	315	7	information	information	NOUN
fsr-3808	315	8	,	,	PUNCT
fsr-3808	315	9	adverse	adverse	ADJ
fsr-3808	315	10	selection	selection	NOUN
fsr-3808	315	11	due	due	ADP
fsr-3808	315	12	to	to	ADP
fsr-3808	315	13	search	search	NOUN
fsr-3808	315	14	and	and	CCONJ
fsr-3808	315	15	switch	switch	NOUN
fsr-3808	315	16	costs	cost	NOUN
fsr-3808	315	17	can	can	AUX
fsr-3808	315	18	obscure	obscure	VERB
fsr-3808	315	19	the	the	DET
fsr-3808	315	20	relationship	relationship	NOUN
fsr-3808	315	21	between	between	ADP
fsr-3808	315	22	credit	credit	NOUN
fsr-3808	315	23	card	card	NOUN
fsr-3808	315	24	interest	interest	NOUN
fsr-3808	315	25	rates	rate	NOUN
fsr-3808	315	26	and	and	CCONJ
fsr-3808	315	27	the	the	DET
fsr-3808	315	28	costs	cost	NOUN
fsr-3808	315	29	of	of	ADP
fsr-3808	315	30	funds	fund	NOUN
fsr-3808	315	31	.	.	PUNCT
fsr-3808	316	1	acknowledgment	acknowledgment	NOUN
fsr-3808	316	2	:	:	PUNCT
fsr-3808	316	3	this	this	DET
fsr-3808	316	4	research	research	NOUN
fsr-3808	316	5	was	be	AUX
fsr-3808	316	6	supported	support	VERB
fsr-3808	316	7	by	by	ADP
fsr-3808	316	8	a	a	DET
fsr-3808	316	9	research	research	NOUN
fsr-3808	316	10	grant	grant	NOUN
fsr-3808	316	11	from	from	ADP
fsr-3808	316	12	fayetteville	fayetteville	PROPN
fsr-3808	316	13	state	state	PROPN
fsr-3808	316	14	university	university	PROPN
fsr-3808	316	15	's	's	PART
fsr-3808	316	16	faculty	faculty	NOUN
fsr-3808	316	17	development	development	NOUN
fsr-3808	316	18	committee	committee	PROPN
fsr-3808	316	19	.	.	PUNCT
fsr-3808	317	1	the	the	DET
fsr-3808	317	2	author	author	NOUN
fsr-3808	317	3	is	be	AUX
fsr-3808	317	4	grateful	grateful	ADJ
fsr-3808	317	5	for	for	ADP
fsr-3808	317	6	this	this	PRON
fsr-3808	317	7	.	.	PUNCT
fsr-3808	318	1	the	the	DET
fsr-3808	318	2	author	author	NOUN
fsr-3808	318	3	also	also	ADV
fsr-3808	318	4	appreciates	appreciate	VERB
fsr-3808	318	5	helpful	helpful	ADJ
fsr-3808	318	6	comments	comment	NOUN
fsr-3808	318	7	from	from	ADP
fsr-3808	318	8	the	the	DET
fsr-3808	318	9	editor	editor	NOUN
fsr-3808	318	10	of	of	ADP
fsr-3808	318	11	this	this	DET
fsr-3808	318	12	journal	journal	NOUN
fsr-3808	318	13	and	and	CCONJ
fsr-3808	318	14	the	the	DET
fsr-3808	318	15	anony	anony	ADJ
fsr-3808	318	16	mous	mous	ADJ
fsr-3808	318	17	reviewers	reviewer	NOUN
fsr-3808	318	18	.	.	PUNCT
fsr-3808	319	1	references	reference	NOUN
fsr-3808	319	2	ayadi	ayadi	NOUN
fsr-3808	319	3	,	,	PUNCT
fsr-3808	319	4	o.f	o.f	PROPN
fsr-3808	319	5	.	.	PROPN
fsr-3808	319	6	,	,	PUNCT
fsr-3808	319	7	&	&	CCONJ
fsr-3808	319	8	onashile	onashile	NOUN
fsr-3808	319	9	,	,	PUNCT
fsr-3808	319	10	t.	t.	PROPN
fsr-3808	319	11	(	(	PUNCT
fsr-3808	319	12	1994	1994	NUM
fsr-3808	319	13	)	)	PUNCT
fsr-3808	319	14	.	.	PUNCT
fsr-3808	320	1	taking	take	VERB
fsr-3808	320	2	your	your	PRON
fsr-3808	320	3	plastic	plastic	NOUN
fsr-3808	320	4	card	card	NOUN
fsr-3808	320	5	to	to	ADP
fsr-3808	320	6	the	the	DET
fsr-3808	320	7	limit	limit	NOUN
fsr-3808	320	8	.	.	PUNCT
fsr-3808	321	1	working	work	VERB
fsr-3808	321	2	paper	paper	NOUN
fsr-3808	321	3	,	,	PUNCT
fsr-3808	321	4	fay	fay	PROPN
fsr-3808	321	5	etteviue	etteviue	PROPN
fsr-3808	321	6	state	state	PROPN
fsr-3808	321	7	university	university	PROPN
fsr-3808	321	8	.	.	PUNCT
fsr-3808	322	1	ausubel	ausubel	PROPN
fsr-3808	322	2	,	,	PUNCT
fsr-3808	322	3	l.	l.	PROPN
fsr-3808	322	4	(	(	PUNCT
fsr-3808	322	5	1991	1991	NUM
fsr-3808	322	6	)	)	PUNCT
fsr-3808	322	7	.	.	PUNCT
fsr-3808	323	1	the	the	DET
fsr-3808	323	2	failure	failure	NOUN
fsr-3808	323	3	of	of	ADP
fsr-3808	323	4	competition	competition	NOUN
fsr-3808	323	5	in	in	ADP
fsr-3808	323	6	the	the	DET
fsr-3808	323	7	credit	credit	NOUN
fsr-3808	323	8	card	card	NOUN
fsr-3808	323	9	market	market	NOUN
fsr-3808	323	10	.	.	PUNCT
fsr-3808	324	1	american	american	PROPN
fsr-3808	324	2	economic	economic	PROPN
fsr-3808	324	3	review	review	PROPN
fsr-3808	324	4	,	,	PUNCT
fsr-3808	324	5	march	march	PROPN
fsr-3808	324	6	,	,	PUNCT
fsr-3808	324	7	50	50	NUM
fsr-3808	324	8	-	-	SYM
fsr-3808	324	9	81	81	NUM
fsr-3808	324	10	.	.	PUNCT
fsr-3808	325	1	berlin	berlin	PROPN
fsr-3808	325	2	,	,	PUNCT
fsr-3808	325	3	m.	m.	NOUN
fsr-3808	325	4	,	,	PUNCT
fsr-3808	325	5	&	&	CCONJ
fsr-3808	325	6	mester	mester	PROPN
fsr-3808	325	7	,	,	PUNCT
fsr-3808	325	8	l.j	l.j	PROPN
fsr-3808	325	9	.	.	PROPN
fsr-3808	325	10	(	(	PUNCT
fsr-3808	325	11	1989	1989	NUM
fsr-3808	325	12	)	)	PUNCT
fsr-3808	325	13	.	.	PUNCT
fsr-3808	326	1	credit	credit	NOUN
fsr-3808	326	2	card	card	NOUN
fsr-3808	326	3	rates	rate	NOUN
fsr-3808	326	4	and	and	CCONJ
fsr-3808	326	5	consumer	consumer	NOUN
fsr-3808	326	6	search	search	NOUN
fsr-3808	326	7	.	.	PUNCT
fsr-3808	327	1	working	working	NOUN
fsr-3808	327	2	paper	paper	PROPN
fsr-3808	327	3	no	no	INTJ
fsr-3808	327	4	.	.	PROPN
fsr-3808	328	1	88	88	NUM
fsr-3808	328	2	-	-	SYM
fsr-3808	328	3	1/	1/	NUM
fsr-3808	328	4	r	r	NOUN
fsr-3808	328	5	,	,	PUNCT
fsr-3808	328	6	federal	federal	PROPN
fsr-3808	328	7	reserve	reserve	PROPN
fsr-3808	328	8	bank	bank	PROPN
fsr-3808	328	9	of	of	ADP
fsr-3808	328	10	philadelphia	philadelphia	PROPN
fsr-3808	328	11	.	.	PUNCT
fsr-3808	329	1	berlin	berlin	PROPN
fsr-3808	329	2	,	,	PUNCT
fsr-3808	329	3	m.	m.	NOUN
fsr-3808	329	4	,	,	PUNCT
fsr-3808	329	5	&	&	CCONJ
fsr-3808	329	6	loeys	loeys	PROPN
fsr-3808	329	7	,	,	PUNCT
fsr-3808	329	8	j.	j.	PROPN
fsr-3808	329	9	(	(	PUNCT
fsr-3808	329	10	1988	1988	NUM
fsr-3808	329	11	)	)	PUNCT
fsr-3808	329	12	.	.	PUNCT
fsr-3808	330	1	bond	bond	NOUN
fsr-3808	330	2	covenants	covenant	NOUN
fsr-3808	330	3	and	and	CCONJ
fsr-3808	330	4	delegated	delegate	VERB
fsr-3808	330	5	monitoring	monitoring	NOUN
fsr-3808	330	6	.	.	PUNCT
fsr-3808	331	1	journal	journal	PROPN
fsr-3808	331	2	of	of	ADP
fsr-3808	331	3	finance	finance	NOUN
fsr-3808	331	4	,	,	PUNCT
fsr-3808	331	5	43	43	NUM
fsr-3808	331	6	,	,	PUNCT
fsr-3808	331	7	397	397	NUM
fsr-3808	331	8	-	-	SYM
fsr-3808	331	9	412	412	NUM
fsr-3808	331	10	.	.	PUNCT
fsr-3808	332	1	best	good	ADJ
fsr-3808	332	2	,	,	PUNCT
fsr-3808	332	3	r.	r.	PROPN
fsr-3808	332	4	,	,	PUNCT
fsr-3808	332	5	&	&	CCONJ
fsr-3808	332	6	zhang	zhang	PROPN
fsr-3808	332	7	,	,	PUNCT
fsr-3808	332	8	h.	h.	PROPN
fsr-3808	332	9	(	(	PUNCT
fsr-3808	332	10	1993	1993	NUM
fsr-3808	332	11	)	)	PUNCT
fsr-3808	332	12	.	.	PUNCT
fsr-3808	333	1	alternative	alternative	ADJ
fsr-3808	333	2	information	information	NOUN
fsr-3808	333	3	sources	source	NOUN
fsr-3808	333	4	and	and	CCONJ
fsr-3808	333	5	the	the	DET
fsr-3808	333	6	information	information	NOUN
fsr-3808	333	7	content	content	NOUN
fsr-3808	333	8	of	of	ADP
fsr-3808	333	9	bank	bank	NOUN
fsr-3808	333	10	loans	loan	NOUN
fsr-3808	333	11	.	.	PUNCT
fsr-3808	334	1	journal	journal	PROPN
fsr-3808	334	2	of	of	ADP
fsr-3808	334	3	finance	finance	NOUN
fsr-3808	334	4	,	,	PUNCT
fsr-3808	334	5	48	48	NUM
fsr-3808	334	6	,	,	PUNCT
fsr-3808	334	7	1507	1507	NUM
fsr-3808	334	8	-	-	SYM
fsr-3808	334	9	1522	1522	NUM
fsr-3808	334	10	.	.	PUNCT
fsr-3808	335	1	brito	brito	PROPN
fsr-3808	335	2	,	,	PUNCT
fsr-3808	335	3	d.l	d.l	PROPN
fsr-3808	335	4	.	.	PROPN
fsr-3808	335	5	,	,	PUNCT
fsr-3808	335	6	&	&	CCONJ
fsr-3808	335	7	hartley	hartley	PROPN
fsr-3808	335	8	,	,	PUNCT
fsr-3808	335	9	p.r	p.r	PROPN
fsr-3808	335	10	.	.	PROPN
fsr-3808	335	11	(	(	PUNCT
fsr-3808	335	12	1995	1995	NUM
fsr-3808	335	13	)	)	PUNCT
fsr-3808	335	14	.	.	PUNCT
fsr-3808	336	1	consumer	consumer	NOUN
fsr-3808	336	2	rationality	rationality	NOUN
fsr-3808	336	3	and	and	CCONJ
fsr-3808	336	4	credit	credit	NOUN
fsr-3808	336	5	cards	card	NOUN
fsr-3808	336	6	.	.	PUNCT
fsr-3808	337	1	journal	journal	NOUN
fsr-3808	337	2	of	of	ADP
fsr-3808	337	3	political	political	ADJ
fsr-3808	337	4	economy	economy	NOUN
fsr-3808	337	5	,	,	PUNCT
fsr-3808	337	6	103(2	103(2	NUM
fsr-3808	337	7	)	)	PUNCT
fsr-3808	337	8	,	,	PUNCT
fsr-3808	337	9	400	400	NUM
fsr-3808	337	10	-	-	SYM
fsr-3808	337	11	433	433	NUM
fsr-3808	337	12	.	.	PUNCT
fsr-3808	338	1	calem	calem	PROPN
fsr-3808	338	2	,	,	PUNCT
fsr-3808	338	3	p.s	p.s	PROPN
fsr-3808	338	4	.	.	PUNCT
fsr-3808	338	5	(	(	PUNCT
fsr-3808	338	6	1992	1992	NUM
fsr-3808	338	7	)	)	PUNCT
fsr-3808	338	8	.	.	PUNCT
fsr-3808	339	1	the	the	DET
fsr-3808	339	2	strange	strange	ADJ
fsr-3808	339	3	behavior	behavior	NOUN
fsr-3808	339	4	of	of	ADP
fsr-3808	339	5	the	the	DET
fsr-3808	339	6	credit	credit	NOUN
fsr-3808	339	7	card	card	NOUN
fsr-3808	339	8	market	market	NOUN
fsr-3808	339	9	.	.	PUNCT
fsr-3808	340	1	frbp	frbp	PROPN
fsr-3808	340	2	business	business	PROPN
fsr-3808	340	3	review	review	PROPN
fsr-3808	340	4	,	,	PUNCT
fsr-3808	340	5	janu	janu	PROPN
fsr-3808	340	6	ary	ary	PROPN
fsr-3808	340	7	-	-	PROPN
fsr-3808	340	8	february	february	PROPN
fsr-3808	340	9	,	,	PUNCT
fsr-3808	340	10	3	3	NUM
fsr-3808	340	11	-	-	SYM
fsr-3808	340	12	14	14	NUM
fsr-3808	340	13	.	.	PUNCT
fsr-3808	341	1	calem	calem	PROPN
fsr-3808	341	2	,	,	PUNCT
fsr-3808	341	3	p.s	p.s	PROPN
fsr-3808	341	4	.	.	PROPN
fsr-3808	341	5	,	,	PUNCT
fsr-3808	341	6	&	&	CCONJ
fsr-3808	341	7	mester	mester	PROPN
fsr-3808	341	8	,	,	PUNCT
fsr-3808	341	9	l.j	l.j	PROPN
fsr-3808	341	10	.	.	PROPN
fsr-3808	341	11	(	(	PUNCT
fsr-3808	341	12	1992	1992	NUM
fsr-3808	341	13	)	)	PUNCT
fsr-3808	341	14	.	.	PUNCT
fsr-3808	342	1	search	search	NOUN
fsr-3808	342	2	,	,	PUNCT
fsr-3808	342	3	switching	switch	VERB
fsr-3808	342	4	costs	cost	NOUN
fsr-3808	342	5	,	,	PUNCT
fsr-3808	342	6	and	and	CCONJ
fsr-3808	342	7	the	the	DET
fsr-3808	342	8	stickiness	stickiness	NOUN
fsr-3808	342	9	of	of	ADP
fsr-3808	342	10	credit	credit	NOUN
fsr-3808	342	11	card	card	NOUN
fsr-3808	342	12	interest	interest	NOUN
fsr-3808	342	13	rates	rate	NOUN
fsr-3808	342	14	.	.	PUNCT
fsr-3808	343	1	working	work	VERB
fsr-3808	343	2	paper	paper	NOUN
fsr-3808	343	3	no	no	INTJ
fsr-3808	343	4	.	.	PROPN
fsr-3808	344	1	92	92	NUM
fsr-3808	344	2	-	-	SYM
fsr-3808	344	3	24	24	NUM
fsr-3808	344	4	,	,	PUNCT
fsr-3808	344	5	federal	federal	PROPN
fsr-3808	344	6	reserve	reserve	PROPN
fsr-3808	344	7	bank	bank	PROPN
fsr-3808	344	8	of	of	ADP
fsr-3808	344	9	philadelphia	philadelphia	PROPN
fsr-3808	344	10	.	.	PUNCT
fsr-3808	345	1	calem	calem	PROPN
fsr-3808	345	2	,	,	PUNCT
fsr-3808	345	3	p.s	p.s	PROPN
fsr-3808	345	4	.	.	PROPN
fsr-3808	345	5	,	,	PUNCT
fsr-3808	345	6	&	&	CCONJ
fsr-3808	345	7	mester	mester	PROPN
fsr-3808	345	8	,	,	PUNCT
fsr-3808	345	9	l.j	l.j	PROPN
fsr-3808	345	10	.	.	PROPN
fsr-3808	345	11	(	(	PUNCT
fsr-3808	345	12	1995	1995	NUM
fsr-3808	345	13	)	)	PUNCT
fsr-3808	345	14	.	.	PUNCT
fsr-3808	346	1	consumer	consumer	NOUN
fsr-3808	346	2	behavior	behavior	NOUN
fsr-3808	346	3	and	and	CCONJ
fsr-3808	346	4	the	the	DET
fsr-3808	346	5	stickiness	stickiness	NOUN
fsr-3808	346	6	of	of	ADP
fsr-3808	346	7	credit	credit	NOUN
fsr-3808	346	8	-	-	PUNCT
fsr-3808	346	9	card	card	NOUN
fsr-3808	346	10	interest	interest	NOUN
fsr-3808	346	11	rates	rate	NOUN
fsr-3808	346	12	.	.	PUNCT
fsr-3808	347	1	american	american	PROPN
fsr-3808	347	2	economic	economic	PROPN
fsr-3808	347	3	review	review	PROPN
fsr-3808	347	4	,	,	PUNCT
fsr-3808	347	5	december	december	PROPN
fsr-3808	347	6	,	,	PUNCT
fsr-3808	347	7	1327	1327	NUM
fsr-3808	347	8	-	-	SYM
fsr-3808	347	9	1336	1336	NUM
fsr-3808	347	10	.	.	PUNCT
fsr-3808	348	1	canner	canner	NOUN
fsr-3808	348	2	,	,	PUNCT
fsr-3808	348	3	glenn	glenn	PROPN
fsr-3808	348	4	r.	r.	PROPN
fsr-3808	348	5	,	,	PUNCT
fsr-3808	348	6	&	&	CCONJ
fsr-3808	348	7	fergus	fergus	PROPN
fsr-3808	348	8	,	,	PUNCT
fsr-3808	348	9	james	james	PROPN
fsr-3808	348	10	t.	t.	PROPN
fsr-3808	348	11	(	(	PUNCT
fsr-3808	348	12	1987	1987	NUM
fsr-3808	348	13	)	)	PUNCT
fsr-3808	348	14	.	.	PUNCT
fsr-3808	349	1	the	the	DET
fsr-3808	349	2	economic	economic	ADJ
fsr-3808	349	3	effects	effect	NOUN
fsr-3808	349	4	of	of	ADP
fsr-3808	349	5	proposed	propose	VERB
fsr-3808	349	6	ceilings	ceiling	NOUN
fsr-3808	349	7	on	on	ADP
fsr-3808	349	8	credit	credit	NOUN
fsr-3808	349	9	card	card	NOUN
fsr-3808	349	10	interest	interest	NOUN
fsr-3808	349	11	rates	rate	NOUN
fsr-3808	349	12	.	.	PUNCT
fsr-3808	350	1	federal	federal	PROPN
fsr-3808	350	2	reserve	reserve	PROPN
fsr-3808	350	3	bulletin	bulletin	PROPN
fsr-3808	350	4	,	,	PUNCT
fsr-3808	350	5	january	january	PROPN
fsr-3808	350	6	,	,	PUNCT
fsr-3808	350	7	1	1	NUM
fsr-3808	350	8	-	-	SYM
fsr-3808	350	9	13	13	NUM
fsr-3808	350	10	.	.	PUNCT
fsr-3808	350	11	canner	canner	NOUN
fsr-3808	350	12	,	,	PUNCT
fsr-3808	350	13	g.b	g.b	PROPN
fsr-3808	350	14	.	.	PROPN
fsr-3808	350	15	,	,	PUNCT
fsr-3808	350	16	&	&	CCONJ
fsr-3808	350	17	luckett	luckett	PROPN
fsr-3808	350	18	,	,	PUNCT
fsr-3808	350	19	c.a	c.a	PROPN
fsr-3808	350	20	.	.	PROPN
fsr-3808	350	21	(	(	PUNCT
fsr-3808	350	22	1992	1992	NUM
fsr-3808	350	23	)	)	PUNCT
fsr-3808	350	24	.	.	PUNCT
fsr-3808	351	1	developments	development	NOUN
fsr-3808	351	2	in	in	ADP
fsr-3808	351	3	the	the	DET
fsr-3808	351	4	pricing	pricing	NOUN
fsr-3808	351	5	of	of	ADP
fsr-3808	351	6	credit	credit	NOUN
fsr-3808	351	7	card	card	NOUN
fsr-3808	351	8	services	service	NOUN
fsr-3808	351	9	.	.	PUNCT
fsr-3808	352	1	federal	federal	PROPN
fsr-3808	352	2	reserve	reserve	PROPN
fsr-3808	352	3	bulletin	bulletin	PROPN
fsr-3808	352	4	,	,	PUNCT
fsr-3808	352	5	78(9	78(9	NOUN
fsr-3808	352	6	)	)	PUNCT
fsr-3808	352	7	,	,	PUNCT
fsr-3808	352	8	652	652	NUM
fsr-3808	352	9	-	-	SYM
fsr-3808	352	10	666	666	NUM
fsr-3808	352	11	.	.	PUNCT
fsr-3808	353	1	sticky	sticky	ADJ
fsr-3808	353	2	credit	credit	NOUN
fsr-3808	353	3	card	card	NOUN
fsr-3808	353	4	rates	rate	NOUN
fsr-3808	353	5	67	67	NUM
fsr-3808	353	6	cames	came	NOUN
fsr-3808	353	7	,	,	PUNCT
fsr-3808	353	8	w.s	w.s	PROPN
fsr-3808	353	9	.	.	PROPN
fsr-3808	353	10	,	,	PUNCT
fsr-3808	353	11	&	&	CCONJ
fsr-3808	353	12	slifer	slifer	PROPN
fsr-3808	353	13	,	,	PUNCT
fsr-3808	353	14	s.d	s.d	PROPN
fsr-3808	353	15	.	.	PROPN
fsr-3808	353	16	(	(	PUNCT
fsr-3808	353	17	1991	1991	NUM
fsr-3808	353	18	)	)	PUNCT
fsr-3808	353	19	.	.	PUNCT
fsr-3808	354	1	the	the	DET
fsr-3808	354	2	atlas	atlas	PROPN
fsr-3808	354	3	of	of	ADP
fsr-3808	354	4	economic	economic	ADJ
fsr-3808	354	5	indicators	indicator	NOUN
fsr-3808	354	6	.	.	PUNCT
fsr-3808	355	1	new	new	PROPN
fsr-3808	355	2	york	york	PROPN
fsr-3808	355	3	:	:	PUNCT
fsr-3808	355	4	harpcrbusiness	harpcrbusiness	ADJ
fsr-3808	355	5	.	.	PUNCT
fsr-3808	356	1	demuth	demuth	PROPN
fsr-3808	356	2	,	,	PUNCT
fsr-3808	356	3	c.c	c.c	PROPN
fsr-3808	356	4	.	.	PROPN
fsr-3808	356	5	(	(	PUNCT
fsr-3808	356	6	1986	1986	NUM
fsr-3808	356	7	)	)	PUNCT
fsr-3808	356	8	.	.	PUNCT
fsr-3808	357	1	the	the	DET
fsr-3808	357	2	case	case	NOUN
fsr-3808	357	3	against	against	ADP
fsr-3808	357	4	credit	credit	NOUN
fsr-3808	357	5	card	card	NOUN
fsr-3808	357	6	interest	interest	NOUN
fsr-3808	357	7	regulation	regulation	NOUN
fsr-3808	357	8	.	.	PUNCT
fsr-3808	358	1	yale	yale	PROPN
fsr-3808	358	2	journal	journal	PROPN
fsr-3808	358	3	of	of	ADP
fsr-3808	358	4	regulation	regulation	NOUN
fsr-3808	358	5	,	,	PUNCT
fsr-3808	358	6	3(201	3(201	NUM
fsr-3808	358	7	)	)	PUNCT
fsr-3808	358	8	,	,	PUNCT
fsr-3808	358	9	201	201	NUM
fsr-3808	358	10	-	-	SYM
fsr-3808	358	11	242	242	NUM
fsr-3808	358	12	.	.	PUNCT
fsr-3808	359	1	dickey	dickey	PROPN
fsr-3808	359	2	,	,	PUNCT
fsr-3808	359	3	d.a	d.a	PROPN
fsr-3808	359	4	.	.	PROPN
fsr-3808	359	5	,	,	PUNCT
fsr-3808	359	6	&	&	CCONJ
fsr-3808	359	7	fuller	full	ADJ
fsr-3808	359	8	,	,	PUNCT
fsr-3808	359	9	w.a	w.a	PROPN
fsr-3808	359	10	.	.	PROPN
fsr-3808	359	11	(	(	PUNCT
fsr-3808	359	12	1979	1979	NUM
fsr-3808	359	13	)	)	PUNCT
fsr-3808	359	14	.	.	PUNCT
fsr-3808	360	1	dislribution	dislribution	NOUN
fsr-3808	360	2	of	of	ADP
fsr-3808	360	3	the	the	DET
fsr-3808	360	4	estimators	estimator	NOUN
fsr-3808	360	5	for	for	ADP
fsr-3808	360	6	autoregressive	autoregressive	ADJ
fsr-3808	360	7	time	time	NOUN
fsr-3808	360	8	series	series	NOUN
fsr-3808	360	9	with	with	ADP
fsr-3808	360	10	a	a	DET
fsr-3808	360	11	unit	unit	NOUN
fsr-3808	360	12	root	root	NOUN
fsr-3808	360	13	.	.	PUNCT
fsr-3808	361	1	journal	journal	NOUN
fsr-3808	361	2	of	of	ADP
fsr-3808	361	3	the	the	DET
fsr-3808	361	4	american	american	PROPN
fsr-3808	361	5	statistical	statistical	PROPN
fsr-3808	361	6	association	association	NOUN
fsr-3808	361	7	,	,	PUNCT
fsr-3808	361	8	74	74	NUM
fsr-3808	361	9	,	,	PUNCT
fsr-3808	361	10	427	427	NUM
fsr-3808	361	11	-	-	SYM
fsr-3808	361	12	431	431	NUM
fsr-3808	361	13	.	.	PUNCT
fsr-3808	362	1	duca	duca	PROPN
fsr-3808	362	2	,	,	PUNCT
fsr-3808	362	3	j.v	j.v	PROPN
fsr-3808	362	4	.	.	PROPN
fsr-3808	362	5	,	,	PUNCT
fsr-3808	362	6	&	&	CCONJ
fsr-3808	362	7	whitesell	whitesell	PROPN
fsr-3808	362	8	,	,	PUNCT
fsr-3808	362	9	w.c	w.c	PROPN
fsr-3808	362	10	.	.	PROPN
fsr-3808	362	11	(	(	PUNCT
fsr-3808	362	12	1995	1995	NUM
fsr-3808	362	13	)	)	PUNCT
fsr-3808	362	14	.	.	PUNCT
fsr-3808	363	1	credit	credit	NOUN
fsr-3808	363	2	cards	card	NOUN
fsr-3808	363	3	and	and	CCONJ
fsr-3808	363	4	money	money	NOUN
fsr-3808	363	5	demand	demand	NOUN
fsr-3808	363	6	:	:	PUNCT
fsr-3808	363	7	a	a	DET
fsr-3808	363	8	cross	cross	ADJ
fsr-3808	363	9	sectional	sectional	ADJ
fsr-3808	363	10	study	study	NOUN
fsr-3808	363	11	.	.	PUNCT
fsr-3808	364	1	journal	journal	NOUN
fsr-3808	364	2	of	of	ADP
fsr-3808	364	3	money	money	NOUN
fsr-3808	364	4	,	,	PUNCT
fsr-3808	364	5	credit	credit	NOUN
fsr-3808	364	6	and	and	CCONJ
fsr-3808	364	7	banking	banking	NOUN
fsr-3808	364	8	,	,	PUNCT
fsr-3808	364	9	27(2	27(2	PRON
fsr-3808	364	10	may	may	AUX
fsr-3808	364	11	)	)	PUNCT
fsr-3808	364	12	,	,	PUNCT
fsr-3808	364	13	604	604	NUM
fsr-3808	364	14	-	-	SYM
fsr-3808	364	15	623	623	NUM
fsr-3808	364	16	.	.	PUNCT
fsr-3808	365	1	duff	duff	PROPN
fsr-3808	365	2	,	,	PUNCT
fsr-3808	365	3	r.h	r.h	PROPN
fsr-3808	365	4	.	.	PROPN
fsr-3808	365	5	(	(	PUNCT
fsr-3808	365	6	1993	1993	NUM
fsr-3808	365	7	)	)	PUNCT
fsr-3808	365	8	.	.	PUNCT
fsr-3808	366	1	what	what	PRON
fsr-3808	366	2	moves	move	VERB
fsr-3808	366	3	policy	policy	NOUN
fsr-3808	366	4	sentiment7	sentiment7	NOUN
fsr-3808	366	5	american	american	ADJ
fsr-3808	366	6	political	political	ADJ
fsr-3808	366	7	science	science	PROPN
fsr-3808	366	8	review	review	NOUN
fsr-3808	366	9	,	,	PUNCT
fsr-3808	366	10	87(1	87(1	PROPN
fsr-3808	366	11	)	)	PUNCT
fsr-3808	366	12	,	,	PUNCT
fsr-3808	366	13	158	158	NUM
fsr-3808	366	14	-	-	SYM
fsr-3808	366	15	170	170	NUM
fsr-3808	366	16	.	.	PUNCT
fsr-3808	367	1	engle	engle	PROPN
fsr-3808	367	2	,	,	PUNCT
fsr-3808	367	3	r.f	r.f	PROPN
fsr-3808	367	4	.	.	PROPN
fsr-3808	367	5	,	,	PUNCT
fsr-3808	367	6	&	&	CCONJ
fsr-3808	367	7	granger	granger	PROPN
fsr-3808	367	8	,	,	PUNCT
fsr-3808	367	9	c.w.j	c.w.j	NOUN
fsr-3808	367	10	.	.	PUNCT
fsr-3808	367	11	(	(	PUNCT
fsr-3808	367	12	1987	1987	NUM
fsr-3808	367	13	)	)	PUNCT
fsr-3808	367	14	.	.	PUNCT
fsr-3808	368	1	cointegration	cointegration	NOUN
fsr-3808	368	2	and	and	CCONJ
fsr-3808	368	3	error	error	NOUN
fsr-3808	368	4	-	-	PUNCT
fsr-3808	368	5	correction	correction	NOUN
fsr-3808	368	6	:	:	PUNCT
fsr-3808	368	7	representation	representation	NOUN
fsr-3808	368	8	,	,	PUNCT
fsr-3808	368	9	estima	estima	PROPN
fsr-3808	368	10	tion	tion	PROPN
fsr-3808	368	11	and	and	CCONJ
fsr-3808	368	12	testing	testing	NOUN
fsr-3808	368	13	.	.	PUNCT
fsr-3808	369	1	econometrica	econometrica	PROPN
fsr-3808	369	2	,	,	PUNCT
fsr-3808	369	3	55	55	NUM
fsr-3808	369	4	,	,	PUNCT
fsr-3808	369	5	251	251	NUM
fsr-3808	369	6	-	-	SYM
fsr-3808	369	7	276	276	NUM
fsr-3808	369	8	.	.	PUNCT
fsr-3808	370	1	engle	engle	PROPN
fsr-3808	370	2	,	,	PUNCT
fsr-3808	370	3	r.f	r.f	PROPN
fsr-3808	370	4	.	.	PROPN
fsr-3808	370	5	,	,	PUNCT
fsr-3808	370	6	&	&	CCONJ
fsr-3808	370	7	yoo	yoo	PROPN
fsr-3808	370	8	,	,	PUNCT
fsr-3808	370	9	b.s	b.s	PROPN
fsr-3808	370	10	.	.	PROPN
fsr-3808	370	11	(	(	PUNCT
fsr-3808	370	12	1987	1987	NUM
fsr-3808	370	13	)	)	PUNCT
fsr-3808	370	14	.	.	PUNCT
fsr-3808	371	1	forecasting	forecasting	NOUN
fsr-3808	371	2	and	and	CCONJ
fsr-3808	371	3	testing	testing	NOUN
fsr-3808	371	4	in	in	ADP
fsr-3808	371	5	co	co	ADJ
fsr-3808	371	6	-	-	ADJ
fsr-3808	371	7	integrated	integrate	VERB
fsr-3808	371	8	systems	system	NOUN
fsr-3808	371	9	.	.	PUNCT
fsr-3808	372	1	journal	journal	PROPN
fsr-3808	372	2	of	of	ADP
fsr-3808	372	3	econometrics	econometric	NOUN
fsr-3808	372	4	,	,	PUNCT
fsr-3808	372	5	35	35	NUM
fsr-3808	372	6	,	,	PUNCT
fsr-3808	372	7	143	143	NUM
fsr-3808	372	8	-	-	SYM
fsr-3808	372	9	159	159	NUM
fsr-3808	372	10	.	.	PUNCT
fsr-3808	373	1	federal	federal	PROPN
fsr-3808	373	2	reserve	reserve	PROPN
fsr-3808	373	3	board	board	PROPN
fsr-3808	373	4	.	.	PUNCT
fsr-3808	374	1	(	(	PUNCT
fsr-3808	374	2	1994	1994	NUM
fsr-3808	374	3	)	)	PUNCT
fsr-3808	374	4	.	.	PUNCT
fsr-3808	375	1	recent	recent	ADJ
fsr-3808	375	2	developments	development	NOUN
fsr-3808	375	3	in	in	ADP
fsr-3808	375	4	credit	credit	NOUN
fsr-3808	375	5	card	card	NOUN
fsr-3808	375	6	pricing	pricing	NOUN
fsr-3808	375	7	.	.	PUNCT
fsr-3808	376	1	federal	federal	PROPN
fsr-3808	376	2	reserve	reserve	PROPN
fsr-3808	376	3	bulle	bulle	PROPN
fsr-3808	376	4	t	t	PROPN
fsr-3808	376	5	~	~	PROPN
fsr-3808	376	6	n	n	CCONJ
fsr-3808	376	7	,	,	PUNCT
fsr-3808	376	8	apr	apr	PROPN
fsr-3808	376	9	/	/	SYM
fsr-3808	376	10	l	l	NOUN
fsr-3808	376	11	,	,	PUNCT
fsr-3808	376	12	296	296	NUM
fsr-3808	376	13	-	-	SYM
fsr-3808	376	14	301	301	NUM
fsr-3808	376	15	.	.	PUNCT
fsr-3808	377	1	johansen	johansen	PROPN
fsr-3808	377	2	,	,	PUNCT
fsr-3808	377	3	s.	s.	PROPN
fsr-3808	377	4	(	(	PUNCT
fsr-3808	377	5	1988	1988	NUM
fsr-3808	377	6	)	)	PUNCT
fsr-3808	377	7	.	.	PUNCT
fsr-3808	378	1	statistical	statistical	ADJ
fsr-3808	378	2	and	and	CCONJ
fsr-3808	378	3	hypothefis	hypothefis	NOUN
fsr-3808	378	4	testing	testing	NOUN
fsr-3808	378	5	of	of	ADP
fsr-3808	378	6	cointegration	cointegration	NOUN
fsr-3808	378	7	vectors	vector	NOUN
fsr-3808	378	8	.	.	PUNCT
fsr-3808	379	1	journal	journal	NOUN
fsr-3808	379	2	of	of	ADP
fsr-3808	379	3	economic	economic	ADJ
fsr-3808	379	4	dynamics	dynamic	NOUN
fsr-3808	379	5	and	and	CCONJ
fsr-3808	379	6	control	control	NOUN
fsr-3808	379	7	,	,	PUNCT
fsr-3808	379	8	12	12	NUM
fsr-3808	379	9	,	,	PUNCT
fsr-3808	379	10	231	231	NUM
fsr-3808	379	11	-	-	SYM
fsr-3808	379	12	254	254	NUM
fsr-3808	379	13	.	.	PUNCT
fsr-3808	380	1	kwan	kwan	PROPN
fsr-3808	380	2	,	,	PUNCT
fsr-3808	380	3	a.c.c	a.c.c	PROPN
fsr-3808	380	4	.	.	PROPN
fsr-3808	380	5	,	,	PUNCT
fsr-3808	380	6	&	&	CCONJ
fsr-3808	380	7	kwok	kwok	PROPN
fsr-3808	380	8	,	,	PUNCT
fsr-3808	380	9	b.	b.	PROPN
fsr-3808	380	10	(	(	PUNCT
fsr-3808	380	11	1995	1995	NUM
fsr-3808	380	12	)	)	PUNCT
fsr-3808	380	13	.	.	PUNCT
fsr-3808	381	1	exogeneity	exogeneity	NOUN
fsr-3808	381	2	and	and	CCONJ
fsr-3808	381	3	the	the	DET
fsr-3808	381	4	export	export	NOUN
fsr-3808	381	5	-	-	PUNCT
fsr-3808	381	6	led	lead	VERB
fsr-3808	381	7	growth	growth	NOUN
fsr-3808	381	8	hypothesis	hypothesis	NOUN
fsr-3808	381	9	:	:	PUNCT
fsr-3808	381	10	the	the	DET
fsr-3808	381	11	case	case	NOUN
fsr-3808	381	12	of	of	ADP
fsr-3808	381	13	clfin	clfin	PROPN
fsr-3808	381	14	&	&	CCONJ
fsr-3808	381	15	southern	southern	ADJ
fsr-3808	381	16	economic	economic	ADJ
fsr-3808	381	17	journal	journal	NOUN
fsr-3808	381	18	,	,	PUNCT
fsr-3808	381	19	61(4	61(4	NUM
fsr-3808	381	20	)	)	PUNCT
fsr-3808	381	21	,	,	PUNCT
fsr-3808	381	22	1158	1158	NUM
fsr-3808	381	23	-	-	SYM
fsr-3808	381	24	1166	1166	NUM
fsr-3808	381	25	.	.	PUNCT
fsr-3808	382	1	kwiatkowski	kwiatkowski	PROPN
fsr-3808	382	2	,	,	PUNCT
fsr-3808	382	3	d.	d.	PROPN
fsr-3808	382	4	,	,	PUNCT
fsr-3808	382	5	phillip	phillip	PROPN
fsr-3808	382	6	,	,	PUNCT
fsr-3808	382	7	p.c.b	p.c.b	NOUN
fsr-3808	382	8	.	.	PUNCT
fsr-3808	382	9	,	,	PUNCT
fsr-3808	382	10	schmidt	schmidt	PROPN
fsr-3808	382	11	,	,	PUNCT
fsr-3808	382	12	p.	p.	PROPN
fsr-3808	382	13	,	,	PUNCT
fsr-3808	382	14	&	&	CCONJ
fsr-3808	382	15	shin	shin	PROPN
fsr-3808	382	16	,	,	PUNCT
fsr-3808	382	17	y.	y.	PROPN
fsr-3808	382	18	(	(	PUNCT
fsr-3808	382	19	1992	1992	NUM
fsr-3808	382	20	)	)	PUNCT
fsr-3808	382	21	.	.	PUNCT
fsr-3808	383	1	testing	test	VERB
fsr-3808	383	2	the	the	DET
fsr-3808	383	3	null	null	ADJ
fsr-3808	383	4	hypothesis	hypothesis	NOUN
fsr-3808	383	5	of	of	ADP
fsr-3808	383	6	sta	sta	PROPN
fsr-3808	383	7	tionarity	tionarity	NOUN
fsr-3808	383	8	against	against	ADP
fsr-3808	383	9	the	the	DET
fsr-3808	383	10	alternative	alternative	NOUN
fsr-3808	383	11	of	of	ADP
fsr-3808	383	12	a	a	DET
fsr-3808	383	13	unit	unit	NOUN
fsr-3808	383	14	root	root	NOUN
fsr-3808	383	15	.	.	PUNCT
fsr-3808	384	1	journal	journal	PROPN
fsr-3808	384	2	of	of	ADP
fsr-3808	384	3	econometrics	econometric	NOUN
fsr-3808	384	4	,	,	PUNCT
fsr-3808	384	5	54	54	NUM
fsr-3808	384	6	,	,	PUNCT
fsr-3808	384	7	159	159	NUM
fsr-3808	384	8	-	-	SYM
fsr-3808	384	9	178	178	NUM
fsr-3808	384	10	.	.	PUNCT
fsr-3808	385	1	lown	lown	PROPN
fsr-3808	385	2	,	,	PUNCT
fsr-3808	385	3	c.	c.	PROPN
fsr-3808	385	4	,	,	PUNCT
fsr-3808	385	5	&	&	CCONJ
fsr-3808	385	6	peristiani	peristiani	PROPN
fsr-3808	385	7	,	,	PUNCT
fsr-3808	385	8	s.	s.	PROPN
fsr-3808	385	9	(	(	PUNCT
fsr-3808	385	10	1996	1996	NUM
fsr-3808	385	11	)	)	PUNCT
fsr-3808	385	12	.	.	PUNCT
fsr-3808	386	1	the	the	DET
fsr-3808	386	2	behavior	behavior	NOUN
fsr-3808	386	3	of	of	ADP
fsr-3808	386	4	consumer	consumer	NOUN
fsr-3808	386	5	loan	loan	NOUN
fsr-3808	386	6	rates	rate	NOUN
fsr-3808	386	7	during	during	ADP
fsr-3808	386	8	the	the	DET
fsr-3808	386	9	1990	1990	NUM
fsr-3808	386	10	credit	credit	NOUN
fsr-3808	386	11	slow	slow	ADJ
fsr-3808	386	12	down	down	ADP
fsr-3808	386	13	.	.	PUNCT
fsr-3808	387	1	journal	journal	NOUN
fsr-3808	387	2	of	of	ADP
fsr-3808	387	3	banking	banking	NOUN
fsr-3808	387	4	and	and	CCONJ
fsr-3808	387	5	finance	finance	NOUN
fsr-3808	387	6	,	,	PUNCT
fsr-3808	387	7	20	20	NUM
fsr-3808	387	8	,	,	PUNCT
fsr-3808	387	9	1673	1673	NUM
fsr-3808	387	10	-	-	SYM
fsr-3808	387	11	1694	1694	NUM
fsr-3808	387	12	.	.	PUNCT
fsr-3808	388	1	mackinnon	mackinnon	PROPN
fsr-3808	388	2	,	,	PUNCT
fsr-3808	388	3	j.g	j.g	PROPN
fsr-3808	388	4	.	.	PROPN
fsr-3808	388	5	(	(	PUNCT
fsr-3808	388	6	1991	1991	NUM
fsr-3808	388	7	)	)	PUNCT
fsr-3808	388	8	.	.	PUNCT
fsr-3808	389	1	critical	critical	ADJ
fsr-3808	389	2	values	value	NOUN
fsr-3808	389	3	for	for	ADP
fsr-3808	389	4	cointegration	cointegration	NOUN
fsr-3808	389	5	tests	test	NOUN
fsr-3808	389	6	.	.	PUNCT
fsr-3808	390	1	in	in	ADP
fsr-3808	390	2	eagle	eagle	PROPN
fsr-3808	390	3	,	,	PUNCT
fsr-3808	390	4	r.f	r.f	PROPN
fsr-3808	390	5	.	.	PROPN
fsr-3808	390	6	,	,	PUNCT
fsr-3808	390	7	&	&	CCONJ
fsr-3808	390	8	granger	granger	PROPN
fsr-3808	390	9	,	,	PUNCT
fsr-3808	390	10	c.w.j	c.w.j	NOUN
fsr-3808	390	11	.	.	PUNCT
fsr-3808	391	1	(	(	PUNCT
fsr-3808	391	2	eds	ed	NOUN
fsr-3808	391	3	.	.	PUNCT
fsr-3808	391	4	)	)	PUNCT
fsr-3808	391	5	,	,	PUNCT
fsr-3808	391	6	long	long	ADV
fsr-3808	391	7	-	-	PUNCT
fsr-3808	391	8	run	run	VERB
fsr-3808	391	9	economic	economic	ADJ
fsr-3808	391	10	relationships	relationship	NOUN
fsr-3808	391	11	(	(	PUNCT
fsr-3808	391	12	pp	pp	ADJ
fsr-3808	391	13	.	.	PUNCT
fsr-3808	392	1	267	267	NUM
fsr-3808	392	2	-	-	SYM
fsr-3808	392	3	276	276	NUM
fsr-3808	392	4	)	)	PUNCT
fsr-3808	392	5	.	.	PUNCT
fsr-3808	393	1	oxford	oxford	PROPN
fsr-3808	393	2	university	university	PROPN
fsr-3808	393	3	press	press	NOUN
fsr-3808	393	4	.	.	PUNCT
fsr-3808	394	1	maddala	maddala	PROPN
fsr-3808	394	2	,	,	PUNCT
fsr-3808	394	3	g.s	g.s	PROPN
fsr-3808	394	4	.	.	PROPN
fsr-3808	394	5	(	(	PUNCT
fsr-3808	394	6	1992	1992	NUM
fsr-3808	394	7	)	)	PUNCT
fsr-3808	394	8	.	.	PUNCT
fsr-3808	395	1	introduction	introduction	NOUN
fsr-3808	395	2	to	to	ADP
fsr-3808	395	3	econometrics	econometric	NOUN
fsr-3808	395	4	,	,	PUNCT
fsr-3808	395	5	2rid	2rid	NUM
fsr-3808	395	6	ed	ed	NOUN
fsr-3808	395	7	.	.	PUNCT
fsr-3808	396	1	englewood	englewood	PROPN
fsr-3808	396	2	cliffs	cliffs	PROPN
fsr-3808	396	3	,	,	PUNCT
fsr-3808	396	4	nj	nj	PROPN
fsr-3808	396	5	:	:	PUNCT
fsr-3808	396	6	prentice	prentice	PROPN
fsr-3808	396	7	hall	hall	PROPN
fsr-3808	396	8	.	.	PUNCT
fsr-3808	397	1	mandell	mandell	PROPN
fsr-3808	397	2	,	,	PUNCT
fsr-3808	397	3	lewis	lewis	PROPN
fsr-3808	397	4	.	.	PUNCT
fsr-3808	397	5	(	(	PUNCT
fsr-3808	397	6	1990	1990	NUM
fsr-3808	397	7	)	)	PUNCT
fsr-3808	397	8	.	.	PUNCT
fsr-3808	398	1	the	the	DET
fsr-3808	398	2	credit	credit	NOUN
fsr-3808	398	3	card	card	NOUN
fsr-3808	398	4	industry	industry	NOUN
fsr-3808	398	5	:	:	PUNCT
fsr-3808	398	6	a	a	DET
fsr-3808	398	7	history	history	NOUN
fsr-3808	398	8	.	.	PUNCT
fsr-3808	399	1	boston	boston	PROPN
fsr-3808	399	2	:	:	PUNCT
fsr-3808	399	3	twayne	twayne	NOUN
fsr-3808	399	4	publishers	publisher	NOUN
fsr-3808	399	5	.	.	PUNCT
fsr-3808	400	1	mester	mester	NOUN
fsr-3808	400	2	,	,	PUNCT
fsr-3808	400	3	loretta	loretta	PROPN
fsr-3808	400	4	j.	j.	PROPN
fsr-3808	400	5	(	(	PUNCT
fsr-3808	400	6	1993	1993	NUM
fsr-3808	400	7	)	)	PUNCT
fsr-3808	400	8	.	.	PUNCT
fsr-3808	401	1	why	why	SCONJ
fsr-3808	401	2	are	be	AUX
fsr-3808	401	3	credit	credit	NOUN
fsr-3808	401	4	card	card	NOUN
fsr-3808	401	5	rates	rate	NOUN
fsr-3808	401	6	sticky	sticky	ADJ
fsr-3808	401	7	?	?	PUNCT
fsr-3808	402	1	working	work	VERB
fsr-3808	402	2	paper	paper	NOUN
fsr-3808	402	3	no	no	INTJ
fsr-3808	402	4	.	.	PROPN
fsr-3808	403	1	93	93	NUM
fsr-3808	403	2	-	-	SYM
fsr-3808	403	3	16	16	NUM
fsr-3808	403	4	,	,	PUNCT
fsr-3808	403	5	federal	federal	PROPN
fsr-3808	403	6	reserve	reserve	PROPN
fsr-3808	403	7	bank	bank	PROPN
fsr-3808	403	8	of	of	ADP
fsr-3808	403	9	philadelphia	philadelphia	PROPN
fsr-3808	403	10	.	.	PUNCT
fsr-3808	404	1	meyercord	meyercord	PROPN
fsr-3808	404	2	,	,	PUNCT
fsr-3808	404	3	a.	a.	NOUN
fsr-3808	404	4	(	(	PUNCT
fsr-3808	404	5	1994	1994	NUM
fsr-3808	404	6	)	)	PUNCT
fsr-3808	404	7	.	.	PUNCT
fsr-3808	405	1	recent	recent	ADJ
fsr-3808	405	2	trends	trend	NOUN
fsr-3808	405	3	in	in	ADP
fsr-3808	405	4	the	the	DET
fsr-3808	405	5	profitability	profitability	NOUN
fsr-3808	405	6	of	of	ADP
fsr-3808	405	7	credit	credit	NOUN
fsr-3808	405	8	card	card	NOUN
fsr-3808	405	9	banks	bank	NOUN
fsr-3808	405	10	.	.	PUNCT
fsr-3808	406	1	federal	federal	PROPN
fsr-3808	406	2	reserve	reserve	PROPN
fsr-3808	406	3	bank	bank	PROPN
fsr-3808	406	4	of	of	ADP
fsr-3808	406	5	new	new	PROPN
fsr-3808	406	6	york	york	PROPN
fsr-3808	406	7	quarterly	quarterly	PROPN
fsr-3808	406	8	review	review	NOUN
fsr-3808	406	9	,	,	PUNCT
fsr-3808	406	10	19(2	19(2	NUM
fsr-3808	406	11	summer	summer	NOUN
fsr-3808	406	12	-	-	PUNCT
fsr-3808	406	13	fall	fall	NOUN
fsr-3808	406	14	)	)	PUNCT
fsr-3808	406	15	,	,	PUNCT
fsr-3808	406	16	107	107	NUM
fsr-3808	406	17	-	-	SYM
fsr-3808	406	18	111	111	NUM
fsr-3808	406	19	.	.	PUNCT
fsr-3808	407	1	pozdena	pozdena	PROPN
fsr-3808	407	2	,	,	PUNCT
fsr-3808	407	3	randall	randall	PROPN
fsr-3808	407	4	j.	j.	PROPN
fsr-3808	407	5	(	(	PUNCT
fsr-3808	407	6	1991	1991	NUM
fsr-3808	407	7	)	)	PUNCT
fsr-3808	407	8	.	.	PUNCT
fsr-3808	408	1	solving	solve	VERB
fsr-3808	408	2	the	the	DET
fsr-3808	408	3	mystery	mystery	NOUN
fsr-3808	408	4	of	of	ADP
fsr-3808	408	5	high	high	ADJ
fsr-3808	408	6	credit	credit	NOUN
fsr-3808	408	7	card	card	NOUN
fsr-3808	408	8	rates	rate	NOUN
fsr-3808	408	9	.	.	PUNCT
fsr-3808	409	1	frbsf	frbsf	ADJ
fsr-3808	409	2	weekly	weekly	ADJ
fsr-3808	409	3	letter	letter	NOUN
fsr-3808	409	4	,	,	PUNCT
fsr-3808	409	5	november	november	PROPN
fsr-3808	409	6	29	29	NUM
fsr-3808	409	7	,	,	PUNCT
fsr-3808	409	8	91	91	NUM
fsr-3808	409	9	-	-	SYM
fsr-3808	409	10	42	42	NUM
fsr-3808	409	11	.	.	PUNCT
fsr-3808	410	1	ritzer	ritzer	PROPN
fsr-3808	410	2	,	,	PUNCT
fsr-3808	410	3	g.	g.	PROPN
fsr-3808	410	4	(	(	PUNCT
fsr-3808	410	5	1995	1995	NUM
fsr-3808	410	6	)	)	PUNCT
fsr-3808	410	7	.	.	PUNCT
fsr-3808	411	1	expressing	express	VERB
fsr-3808	411	2	america	america	PROPN
fsr-3808	411	3	:	:	PUNCT
fsr-3808	411	4	a	a	DET
fsr-3808	411	5	critique	critique	NOUN
fsr-3808	411	6	of	of	ADP
fsr-3808	411	7	the	the	DET
fsr-3808	411	8	global	global	ADJ
fsr-3808	411	9	credit	credit	NOUN
fsr-3808	411	10	card	card	NOUN
fsr-3808	411	11	society	society	NOUN
fsr-3808	411	12	.	.	PUNCT
fsr-3808	412	1	thousand	thousand	NUM
fsr-3808	412	2	oaks	oak	NOUN
fsr-3808	412	3	,	,	PUNCT
fsr-3808	412	4	ca	can	AUX
fsr-3808	412	5	:	:	PUNCT
fsr-3808	412	6	sage	sage	NOUN
fsr-3808	412	7	publications	publication	NOUN
fsr-3808	412	8	.	.	PUNCT
fsr-3808	412	9	rose	rise	VERB
fsr-3808	412	10	,	,	PUNCT
fsr-3808	412	11	p.s	p.s	INTJ
fsr-3808	412	12	.	.	PUNCT
fsr-3808	413	1	(	(	PUNCT
fsr-3808	413	2	1985	1985	NUM
fsr-3808	413	3	)	)	PUNCT
fsr-3808	413	4	.	.	PUNCT
fsr-3808	414	1	loan	loan	NOUN
fsr-3808	414	2	pricing	pricing	NOUN
fsr-3808	414	3	in	in	ADP
fsr-3808	414	4	a	a	DET
fsr-3808	414	5	volatile	volatile	ADJ
fsr-3808	414	6	economy	economy	NOUN
fsr-3808	414	7	.	.	PUNCT
fsr-3808	415	1	canadian	canadian	ADJ
fsr-3808	415	2	banker	banker	NOUN
fsr-3808	415	3	,	,	PUNCT
fsr-3808	415	4	92(5	92(5	PROPN
fsr-3808	415	5	october	october	PROPN
fsr-3808	415	6	)	)	PUNCT
fsr-3808	415	7	,	,	PUNCT
fsr-3808	415	8	44	44	NUM
fsr-3808	415	9	-	-	SYM
fsr-3808	415	10	49	49	NUM
fsr-3808	415	11	.	.	PUNCT
fsr-3808	416	1	rose	rise	VERB
fsr-3808	416	2	,	,	PUNCT
fsr-3808	416	3	sanford	sanford	PROPN
fsr-3808	416	4	.	.	PUNCT
fsr-3808	417	1	(	(	PUNCT
fsr-3808	417	2	1990	1990	NUM
fsr-3808	417	3	)	)	PUNCT
fsr-3808	417	4	.	.	PUNCT
fsr-3808	418	1	the	the	DET
fsr-3808	418	2	coming	come	VERB
fsr-3808	418	3	revolution	revolution	NOUN
fsr-3808	418	4	in	in	ADP
fsr-3808	418	5	credit	credit	NOUN
fsr-3808	418	6	cards	card	NOUN
fsr-3808	418	7	.	.	PUNCT
fsr-3808	419	1	american	american	ADJ
fsr-3808	419	2	banker	banker	NOUN
fsr-3808	419	3	,	,	PUNCT
fsr-3808	419	4	april	april	PROPN
fsr-3808	419	5	4	4	NUM
fsr-3808	419	6	,	,	PUNCT
fsr-3808	419	7	4	4	NUM
fsr-3808	419	8	-	-	SYM
fsr-3808	419	9	15	15	NUM
fsr-3808	419	10	.	.	PUNCT
fsr-3808	420	1	shay	shay	PROPN
fsr-3808	420	2	,	,	PUNCT
fsr-3808	420	3	r.p	r.p	PROPN
fsr-3808	420	4	.	.	PROPN
fsr-3808	420	5	(	(	PUNCT
fsr-3808	420	6	1987	1987	NUM
fsr-3808	420	7	)	)	PUNCT
fsr-3808	420	8	.	.	PUNCT
fsr-3808	421	1	bank	bank	NOUN
fsr-3808	421	2	credit	credit	NOUN
fsr-3808	421	3	card	card	NOUN
fsr-3808	421	4	pricing	pricing	NOUN
fsr-3808	421	5	:	:	PUNCT
fsr-3808	421	6	is	be	AUX
fsr-3808	421	7	the	the	DET
fsr-3808	421	8	market	market	NOUN
fsr-3808	421	9	working	work	VERB
fsr-3808	421	10	?	?	PUNCT
fsr-3808	422	1	journal	journal	NOUN
fsr-3808	422	2	of	of	ADP
fsr-3808	422	3	retail	retail	ADJ
fsr-3808	422	4	banking	banking	NOUN
fsr-3808	422	5	,	,	PUNCT
fsr-3808	422	6	9(1	9(1	NUM
fsr-3808	422	7	)	)	PUNCT
fsr-3808	422	8	,	,	PUNCT
fsr-3808	422	9	26	26	NUM
fsr-3808	422	10	-	-	SYM
fsr-3808	422	11	32	32	NUM
fsr-3808	422	12	.	.	PUNCT
fsr-3808	423	1	shepherdson	shepherdson	PROPN
fsr-3808	423	2	,	,	PUNCT
fsr-3808	423	3	nancy	nancy	PROPN
fsr-3808	423	4	.	.	PUNCT
fsr-3808	424	1	(	(	PUNCT
fsr-3808	424	2	1991	1991	NUM
fsr-3808	424	3	)	)	PUNCT
fsr-3808	424	4	.	.	PUNCT
fsr-3808	425	1	credit	credit	NOUN
fsr-3808	425	2	card	card	PROPN
fsr-3808	425	3	america	america	PROPN
fsr-3808	425	4	.	.	PUNCT
fsr-3808	426	1	american	american	ADJ
fsr-3808	426	2	heritage	heritage	PROPN
fsr-3808	426	3	,	,	PUNCT
fsr-3808	426	4	november	november	PROPN
fsr-3808	426	5	,	,	PUNCT
fsr-3808	426	6	125	125	NUM
fsr-3808	426	7	-	-	SYM
fsr-3808	426	8	132	132	NUM
fsr-3808	426	9	.	.	PUNCT
fsr-3808	426	10	sinkey	sinkey	NOUN
fsr-3808	426	11	,	,	PUNCT
fsr-3808	426	12	joseph	joseph	PROPN
fsr-3808	426	13	f.	f.	PROPN
fsr-3808	426	14	(	(	PUNCT
fsr-3808	426	15	1992	1992	NUM
fsr-3808	426	16	)	)	PUNCT
fsr-3808	426	17	.	.	PUNCT
fsr-3808	427	1	commercial	commercial	PROPN
fsr-3808	427	2	bank	bank	PROPN
fsr-3808	427	3	financial	financial	ADJ
fsr-3808	427	4	management	management	NOUN
fsr-3808	427	5	.	.	PUNCT
fsr-3808	428	1	new	new	PROPN
fsr-3808	428	2	york	york	PROPN
fsr-3808	428	3	:	:	PUNCT
fsr-3808	428	4	macmillan	macmillan	PROPN
fsr-3808	428	5	.	.	PUNCT
fsr-3808	428	6	sinkey	sinkey	PROPN
fsr-3808	428	7	,	,	PUNCT
fsr-3808	428	8	j.f	j.f	PROPN
fsr-3808	428	9	.	.	PROPN
fsr-3808	428	10	,	,	PUNCT
fsr-3808	428	11	&	&	CCONJ
fsr-3808	428	12	nash	nash	PROPN
fsr-3808	428	13	,	,	PUNCT
fsr-3808	428	14	r.c	r.c	PROPN
fsr-3808	428	15	.	.	PROPN
fsr-3808	428	16	(	(	PUNCT
fsr-3808	428	17	1993	1993	NUM
fsr-3808	428	18	)	)	PUNCT
fsr-3808	428	19	.	.	PUNCT
fsr-3808	429	1	assessing	assess	VERB
fsr-3808	429	2	the	the	DET
fsr-3808	429	3	riskiness	riskiness	NOUN
fsr-3808	429	4	and	and	CCONJ
fsr-3808	429	5	profitability	profitability	NOUN
fsr-3808	429	6	of	of	ADP
fsr-3808	429	7	credit	credit	NOUN
fsr-3808	429	8	-	-	PUNCT
fsr-3808	429	9	card	card	NOUN
fsr-3808	429	10	banks	bank	NOUN
fsr-3808	429	11	.	.	PUNCT
fsr-3808	430	1	journal	journal	PROPN
fsr-3808	430	2	of	of	ADP
fsr-3808	430	3	financial	financial	ADJ
fsr-3808	430	4	services	service	NOUN
fsr-3808	430	5	research	research	NOUN
fsr-3808	430	6	,	,	PUNCT
fsr-3808	430	7	127	127	NUM
fsr-3808	430	8	-	-	SYM
fsr-3808	430	9	150	150	NUM
fsr-3808	430	10	.	.	PUNCT
fsr-3808	431	1	stavins	stavin	NOUN
fsr-3808	431	2	,	,	PUNCT
fsr-3808	431	3	j.	j.	PROPN
fsr-3808	431	4	(	(	PUNCT
fsr-3808	431	5	1996	1996	NUM
fsr-3808	431	6	)	)	PUNCT
fsr-3808	431	7	.	.	PUNCT
fsr-3808	432	1	can	can	AUX
fsr-3808	432	2	demand	demand	VERB
fsr-3808	432	3	elasticities	elasticity	NOUN
fsr-3808	432	4	explain	explain	VERB
fsr-3808	432	5	sticky	sticky	ADJ
fsr-3808	432	6	credit	credit	NOUN
fsr-3808	432	7	card	card	NOUN
fsr-3808	432	8	rates	rate	NOUN
fsr-3808	432	9	?	?	PUNCT
fsr-3808	433	1	new	new	PROPN
fsr-3808	433	2	england	england	PROPN
fsr-3808	433	3	economic	economic	PROPN
fsr-3808	433	4	review	review	PROPN
fsr-3808	433	5	,	,	PUNCT
fsr-3808	433	6	july	july	PROPN
fsr-3808	433	7	/	/	SYM
fsr-3808	433	8	august	august	PROPN
fsr-3808	433	9	,	,	PUNCT
fsr-3808	433	10	43	43	NUM
fsr-3808	433	11	-	-	SYM
fsr-3808	433	12	54	54	NUM
fsr-3808	433	13	.	.	PUNCT
fsr-3808	434	1	sullivan	sullivan	PROPN
fsr-3808	434	2	,	,	PUNCT
fsr-3808	434	3	a.c	a.c	PROPN
fsr-3808	434	4	.	.	PROPN
fsr-3808	434	5	,	,	PUNCT
fsr-3808	434	6	&	&	CCONJ
fsr-3808	434	7	worden	worden	PROPN
fsr-3808	434	8	,	,	PUNCT
fsr-3808	434	9	d.d	d.d	PROPN
fsr-3808	434	10	.	.	PROPN
fsr-3808	434	11	(	(	PUNCT
fsr-3808	434	12	1995	1995	NUM
fsr-3808	434	13	)	)	PUNCT
fsr-3808	434	14	.	.	PUNCT
fsr-3808	435	1	credit	credit	NOUN
fsr-3808	435	2	cards	card	NOUN
fsr-3808	435	3	and	and	CCONJ
fsr-3808	435	4	the	the	DET
fsr-3808	435	5	option	option	NOUN
fsr-3808	435	6	to	to	PART
fsr-3808	435	7	default	default	VERB
fsr-3808	435	8	.	.	PUNCT
fsr-3808	436	1	financial	financial	ADJ
fsr-3808	436	2	services	service	NOUN
fsr-3808	436	3	review	review	PROPN
fsr-3808	436	4	,	,	PUNCT
fsr-3808	436	5	4(2	4(2	NUM
fsr-3808	436	6	)	)	PUNCT
fsr-3808	436	7	,	,	PUNCT
fsr-3808	436	8	123	123	NUM
fsr-3808	436	9	-	-	SYM
fsr-3808	436	10	136	136	NUM
fsr-3808	436	11	.	.	PUNCT
fsr-3808	437	1	taylor	taylor	PROPN
fsr-3808	437	2	,	,	PUNCT
fsr-3808	437	3	m.p	m.p	PROPN
fsr-3808	437	4	.	.	PROPN
fsr-3808	437	5	(	(	PUNCT
fsr-3808	437	6	1988	1988	NUM
fsr-3808	437	7	)	)	PUNCT
fsr-3808	437	8	.	.	PUNCT
fsr-3808	438	1	an	an	DET
fsr-3808	438	2	empirical	empirical	ADJ
fsr-3808	438	3	examination	examination	NOUN
fsr-3808	438	4	of	of	ADP
fsr-3808	438	5	the	the	DET
fsr-3808	438	6	long	long	ADJ
fsr-3808	438	7	-	-	PUNCT
fsr-3808	438	8	run	run	NOUN
fsr-3808	438	9	purchasing	purchasing	NOUN
fsr-3808	438	10	power	power	NOUN
fsr-3808	438	11	parity	parity	NOUN
fsr-3808	438	12	using	use	VERB
fsr-3808	438	13	coin	coin	NOUN
fsr-3808	438	14	tegration	tegration	NOUN
fsr-3808	438	15	techniques	technique	NOUN
fsr-3808	438	16	.	.	PUNCT
fsr-3808	439	1	applied	apply	VERB
fsr-3808	439	2	economics	economic	NOUN
fsr-3808	439	3	,	,	PUNCT
fsr-3808	439	4	20	20	NUM
fsr-3808	439	5	,	,	PUNCT
fsr-3808	439	6	1369	1369	NUM
fsr-3808	439	7	-	-	SYM
fsr-3808	439	8	1381	1381	NUM
fsr-3808	439	9	.	.	PUNCT
fsr-3808	440	1	worthington	worthington	PROPN
fsr-3808	440	2	,	,	PUNCT
fsr-3808	440	3	s.	s.	PROPN
fsr-3808	440	4	(	(	PUNCT
fsr-3808	440	5	1995	1995	NUM
fsr-3808	440	6	)	)	PUNCT
fsr-3808	440	7	.	.	PUNCT
fsr-3808	441	1	the	the	DET
fsr-3808	441	2	cashless	cashless	NOUN
fsr-3808	441	3	society	society	NOUN
fsr-3808	441	4	.	.	PUNCT
fsr-3808	442	1	international	international	ADJ
fsr-3808	442	2	journal	journal	PROPN
fsr-3808	442	3	of	of	ADP
fsr-3808	442	4	retail	retail	PROPN
fsr-3808	442	5	&	&	CCONJ
fsr-3808	442	6	distribution	distribution	NOUN
fsr-3808	442	7	man	man	NOUN
fsr-3808	442	8	agement	agement	NOUN
fsr-3808	442	9	,	,	PUNCT
fsr-3808	442	10	23(7	23(7	NUM
fsr-3808	442	11	)	)	PUNCT
fsr-3808	442	12	,	,	PUNCT
fsr-3808	442	13	31	31	NUM
fsr-3808	442	14	-	-	SYM
fsr-3808	442	15	40	40	NUM
fsr-3808	442	16	.	.	PUNCT