This paper surveys studies of the importance of Central Asian small- and medium-sized enterprises (SME) in the economy and their experience during the Russian financial crisis. It also uses survey data from the World Bank and the European Bank for Reconstruction and Development's Business...

Towards the end of 2009, the world economy was recovering from its deepest recession since the end of World War II. Most countries around the world took resort to fiscal policy in order to foster this recovery. In this paper, we first discuss the pros and cons of discretionary fiscal policy from...

The modern deal -- KKR, Sungard and the private equity phenomenon -- Accredited home lenders and the attack of the MAC -- United Rentals, Cerberus, and the private equity implosion -- Dubai ports, Merrill Lynch, and the sovereign wealth fund problem -- Bear Stearns and the moral hazard principle...