Foreign economic relations are called upon to play an important transformational role in the transition to a regulated market economy.

In their economic content capital investments are the principal source of socialist expanded reproduction, a major avenue of socialist accumulation, and an important means of accelerating technical progress on the basis of the latest scientific advances. V. I. Lenin wrote: "To expand production...

Adaptive and relative market efficiency of seven Southeast European stock exchanges is investigated for a period of 11 years. A wavelet-based technique is utilized to the daily return series of the major stock indices in order to track the evolution of the LRD parameter, since its value is...

We describe a recent innovation in the corporate lending business whereby banks tie the interest rate during the life of the loan to the borrowers’ credit default swap spreads or to a CDS index. We also discuss the potential impact this innovation may have on bank lending and more generally on...

Enzymatic fuel cells convert the chemical energy of biofuels into electrical energy. Unlike traditional fuel cell types, which are mainly based on metal catalysts, the enzymatic fuel cells employ enzymes as catalysts. This fuel cell type can be used as an implantable power source for a variety...

In the present paper an analysis of the neo-classical optimization model with linear constraints is proposed. By introducing the dual problem it is shown that the solution to the maximization problem is also a solution to the minimization problem. The purely theoretical model proposes a...

This research project seeks to address two critical problems in the theory of international bond pricing: 1) how can exchange rate risk be formally incorporated into standard bond valuation models?, and 2) how must strategies to “immunize†bonds against interest rate and inflation risk...