During the last weeks before each quarterly expiration of Standard & Poor's (S&P) 500 futures, the bulk of trading volume begins to shift away from the next‐to‐expire (nearby or lead) contract toward the second‐to‐expire (next out) contract. At some point, the exchange formally...

Europe and America in the 1990s is designed for use in courses on the European Community, American foreign policy and international relations. It also provides an up-to-date, rigorous survey for specialists seeking to understand US–EC relations in the aftermath of the most tumultuous period in...