Derivatives have become widely accepted as tools for hedging and risk-management, and also to some extent for speculation. A more recent trend has been gaining some ground, that of arbitrage in derivatives.The critical parameter in derivatives pricing is the volatility of the underlying asset....

This paper employs a political economy approach to model the joint determination of national and subnational sectoral protection in an open federal economy. Political interactions between special interest groups and policymakers as well as economic interrelationships between federal and state...

This paper provides a synthesis of the experiences of six countries (Brazil, China, India, Malaysia, Mexico, and Nigeria) in enhancing food security of their population. Approximately 46 per cent of the undernourished people in the world live in these six countries, which together account for 43...