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UBS recently announced it would pay part of the bonuses of 6,500 highly compensated employees with bonds that would be forfeited if the bank does not meet its capital requirements. This memo underscores the benefits of contingent deferred compensation and makes recommendations for how such...
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Introduction / Marshall Reinsdorf and Matthew Slaughter -- Challenges in measuring trade in services -- Measuring international trade in services / Robert E. Lipsey -- Comment: J. David Richardson -- Improved measures of U.S. international services: the cases of insurance, wholesale and retail...
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