This volume focuses on factors that have contributed to the deterioration of the U.S. trade balance and the erosion of American competitiveness.

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

In this paper, we focus on the internationalization strategies implemented by Middle Size Multinational Enterprises (MMNE) in Chinese markets. We assume that these strategies differs from those of the large multinational companies. Differences explained by the size of the company (medium)...

This book takes a penetrating look at major challenges to the World Trade Organization and the future of trade liberalization.

How do we, as individuals, approach issues of ethics and values? Are our approaches different in our personal and professional lives? Are issues of ethics different in the financial sector? What are the ethical issues thrown up by the current crisis? Has economics, as an academic discipline,...

Unspanned stochastic volatility (USV) refers to the inability of bonds to replicate volatility-sensitive derivative securities. Affine term structure models require special restrictions on the parameters to exhibit USV. We use a joint Eurodollar futures and options data set to estimate affine...

We present the Lagrange multiplier rule, one of the basic optimization methods, in a new way. Novel features include: • Explanation of the true source of the power of the rule: reversal of tasks, but not the use of multipliers. • A natural proof based on a simple picture, but not the usual...

This book recommends the creation of a new, alternative legal structure for collective investment, the "managed investment trust."

This volume focuses on factors that have contributed to the deterioration of the U.S. trade balance and the erosion of American competitiveness.