The Journal of Financial Intermediation stresses the use of contemporary analytical and empirical tools to collect and stimulate research in the broad areas of financial intermediation, financial market structure, corporate finance, risk management and valuation.

Submission of Manuscripts. Manuscripts must be written in English and must be submitted electronically. PDF and Word files are acceptable for the review process. Please submit your manuscript at http://services.bepress.com/jfi/.

The submission fee is USD160. Most of it is used to defray the cost of having the paper refereed. Paying our referees helps to encourage both quick turnaround times and quality reports. Checks or credit cards will be accepted for payment.

Original papers only will be considered. Manuscripts are accepted for review with the understanding that the same work has not been published, that it is not under consideration for publication elsewhere, and that its submission for publication has been approved by all of the authors and by the institution where the work was carried out. It is further understood that any person cited as a source of personal communications has approved such citation; written authorization may be required at the Editors' discretion. Articles and any other material published in Journal of Financial Intermediation represent the opinions of the authors and should not be construed to reflect the opinions of the Editors or the Publisher. For inquiries on pending manuscripts please contact the editorial office atmdietz@illinois.edu.

Upon acceptance of an article, authors will be asked to transfer copyright (for more information on copyright, see http://authors.elsevier.com). This transfer will ensure the widest possible dissemination of information. A letter will be sent to the corresponding author confirming receipt of the manuscript. A form facilitating transfer of copyright will be provided after acceptance.

If material from other copyrighted works is included, the author(s) must obtain written permission from the copyright owners and credit the source(s) in the article. Elsevier has preprinted forms for use by authors in these cases: contact Elsevier Global Rights Department, P.O. Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, e-mail: permissions@elsevier.com.

Preparation of Accepted Manuscripts. Manuscripts prepared using Word or LaTeX are welcome. The Elsevier LaTeX package (including detailed instructions for LaTeX preparation) is available at http://www.elsevier.com/locate/latex.

Manuscripts should be double-spaced throughout. Papers should be numbered consecutively and organized as follows:

The title page should contain the article title and abstract (this must be a single paragraph that summarizes the main findings of the paper in less than 200 words). Use the abstract format and classification numbers that are required by the Journal of Economic Literature. After the abstract a list of up to 100 keywords that will be useful for indexing or searching should be included.

References should be cited in the text by the author's surname and date of publication. The text citations can be given in the form "As Cummins (1988) showed ..." or "As already shown (Cummins, 1988; Shah and Thakor, 1987)...." Where there are more than two authors, use the first author's surname followed by et al.: "In Laffont et al. (1987) it was ...." List references in alphabetical order. Type the references double-spaced throughout. Articles that have been published or are in press should be included in the references as indicated in the examples below. Unpublished articles should be included with the indication "unpublished manuscript," adding the institution where it is available (e.g., "unpublished manuscript, Fuqua School of Business, Duke University"). Personal communications should be cited as such in the text. Please note the following examples:

Kamien, M., Schwartz, N., 1981. Dynamic Optimization. North Holland, New York.

Laffont, J.-J., Maskin, E., Rochet, J.-C., 1987. Optimal nonlinear pricing with two dimensional characteristics. In: Groves, T., Radner, R., Reiter, S. (Eds.), Information, Incentives, and Economics Mechanisms. Univ. of Minnesota Press, Minneapolis, pp. 256-266.

Miller, D.P., Puthenpurackal, J.J., 2002. The cost, wealth effects, and determinants of international capital raising: evidence from public Yankee bonds. J. Finan.Intermediation 11, 455-485.

For unpublished lectures or symposia, include the title of the paper, name of the sponsoring society in full, and date. For journal names, follow the Journal of Economic Literature abbreviations.

Figures. Number figures consecutively with Arabic numerals.

Color figures. Illustrations in color in print can be accepted only if the authors defray the cost. However, if together with your accepted article, you submit usable color figures, then Elsevier will ensure, at no additional charge, that these figures will appear in color on the Web (e.g., ScienceDirect and other sites) regardless of whether these illustrations are reproduced in color in the printed version. For color reproduction in print, you will receive information regarding the costs from Elsevier after receipt of your accepted article. For further information on the preparation of electronic artwork, please see http://authors.elsevier.com/artwork.

Please note: Because of technical complications that can arise in converting color figures to "gray scale" (for the printed version should you not opt for color in print), please submit in addition usable black-and-white files corresponding to all the color illustrations.

Tables should be numbered consecutively with Arabic numerals in order of appearance in the text. Type each table double-spaced on a separate page with a short descriptive title typed directly above and with essential footnotes below.

Equations should be typewritten and the numbers for displayed equations should be placed in parentheses at the right margin. References to equations should use the form "Eq. (3)" or simply "(3)."

Preparation of supplementary material. Elsevier now accepts electronic supplementary material to support and enhance your scientific research. Supplementary files offer additional possibilities for publishing supporting applications, movies, animation sequences, high-resolution images, background datasets, sound clips, and more. Supplementary files supplied will be published online alongside the electronic version of your article in Elsevier Web products, including ScienceDirect (http://www.sciencedirect.com). To ensure that your submitted material is directly usable, please provide the data in one of our recommended file formats. Authors should submit the material in electronic format together with the article and supply a concise and descriptive caption for each file. Please note, however, that supplementary material will not appear in the printed journal. For more detailed instructions, please visit our Author Gateway at http://authors.elsevier.com, click on Artwork instructions", and then click on Multimedia files".

PDF proofs will be sent by e-mail to the corresponding author. To avoid delay in publication, only necessary changes should be made, and proofs should be returned promptly.