The yen provided foreign exchange market participants with 'once-in-a-generation' volatility movements in 1998. For instance, after many months of uneven yen depreciation a remarkable period of yen appreciation was experienced where, in one two-day period, the U.S. dollar dropped in value by 20...

Brazil has the largest stock market in South America; Argentina has one of the smallest. We investigate the spread relationship between these two markets, measured as the ratio of Brazil's Bovespa index to Argentina's Merval index. Using rescaled range analysis, we identify the presence of a...

Many hoteliers in the West are seeking opportunities to extend their business in the mainland China market. This study attempts to understand the basic motivations in forming joint venture hotels in China. Based on extensive interviews with expatriate and local managers of over 151 joint venture...

The author examine the effect of corporate domicile of Hong Kong companies to other countries that were motivated by a desire to reduce political risk. They argue that political risk is too subjective a concept to be exposed to systematic quantitative analysis. The authors provide empirical...