The authors explore the connection between the 1971 - 1973breakdown of the Bretton Woods Agreement and the rapid run-up in the (US) dollar price of oil in 1973 and 1974. Although both episodes are usually discussed in textbook presentations, they are not linked, either coincidentally or...

In this paper we introduce and empirically demonstrate a new model of economic development that we call Portfolio Economic Development. Our approach borrows from portfolio theory in finance and focuses on the risk-return nature of development projects. The paper examines how the loss of a...

Financial hardships experienced by those in the military are well documented. Mobilization insurance has the potential to reduce the financial burdens of being called to active military duty. Reducing the financial burden of being called to active duty can provide numerous benefits to the...