Purpose – The purpose of this study is to investigate interest rate sensitivity of the US property/liability (P/L) insurers stock returns using various return generating process models incorporating different interest rate changes such as actual interest rate changes, unexpected interest rate...

The dissemination of best practices has been a major tool for public sector reform in Asia. There are two reasons why it is an effective tool, especially for reforming public entities (PE) such as state-owned enterprises and government-funded organizations, which have more flexibility in their...

Though it is neither desirable nor likely that an emergency will materialize in North Korea in the near future, it is necessary to be prepared for such an abrupt incidence. This paper examines necessary measures to take in the case of a North Korean collapse. The policy goal of a potential...