While it is understood that differing ethnic groups have differing income and therefore differing capacity to save for retirement, it is not generally recognized that differing genders and ethnic groups do not save the same even if income is equalized. This article contributes to the discussion...

The levels of foreign investment globally have increased at a rapid pace during recent years. However valuing these investments is complex and involves additional risks. We argue that foreign investment opportunities can often be best structured as a series of investment options, and thus the...

The hedging of foreign exchange exposure is an important aspect of financial management. This paper examines what firm foreign exchange hedging practices actually are and compares these to firm characteristics, via a comparison of New Zealand firms with US, Asian amp; European studies. Using...

This paper uses two common physics techniques, a minimal spanning tree and an ultrametric hierarchical tree, to extract a topological influence map for major currencies from the ultrametric distance matrix. We find that these two techniques generate a defined and robust scale free network with...

One of the great puzzles of international finance research has been the surprising finding that firm value is only mildly sensitive, if at all, to exchange rate fluctuations. This runs against the conclusions of the standard net discounted cash flow theory. In this article we examine this...