This paper studies the association between the market's expectations of Saddam Hussein's fall from power, as reflected in quot;Saddam contractquot; prices, and stock prices, oil prices and exchange rates. During the war, a rise in the probability of Saddam's fall, which also indicated a speedy...

This paper examines whether changes in the color-coded terror alert level set by the U.S. Department of Homeland Security affect U.S. capital markets. The alert level has changed 17 times (9 times raised and 8 times lowered) from the time the alert system was established on March 12, 2002 until...

Testimony before the U.S. House of Representatives, Judiciary Committee, Subcommittee on Immigration, Border Security, and Claims (Sept. 29, 2005) contends that the Citizenship Clause of the 14th Amendment has been misconstrued as mandating birthright citizenship. Rather, the clause was a...

Military spending in the West generally declined after the Cold War. Given the economic pressures that many of these states confronted, they can be said to have experienced a fortuitous conjunction of lessening security demands with stable if not rising pressures to allocate more resources to...

In this paper, we review the recent literature on conflict and appropriation. Allowing for the possibility of conflict, which amounts to recognizing the possibility that property rights are not perfectly and costlessly enforced, represents a significant departure from the traditional paradigm of...

Saddam Hussein. Derided as the Butcher of Baghdad, the Iraqi leader was toppled from power by a U.S. military invasion in 2003, charged with the most serious crimes known to mankind, and then brought to justice before a novel war crimes court known as the Iraqi High Tribunal (IHT).From October...

This is our introduction to the first installment of a larger planned Green Bag salute to Benjamin R. Curtis of Massachusetts. Why Curtis and why the salute? Curtis, because he is an interesting and important figure in nineteenth-century American law who has not received the scholarly attention...

English Abstract: Scopul acestei lucrări este să prezinte contribuţiile autorului la dezvoltarea în România a mijloacelor neconvenţionale de creare a breşelor cu ajutorul explozivilor. Prin obstacole uşoare, în această lucrare, se înţeleg pereţi din zidărie de cărămidă, fără...

Do terrorism-related investing strategies lead to superior investment performance? This study evaluates the risks and returns to two different terrorism-related investment strategies in the U.S. markets over the period from 1994-2006. The first strategy evaluates a sub-portfolio of Samp;P 500...