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the interest in the subject, it seems appropriate to study carefully the history of financial mutuals in order to understand the reasons for their emergence. Fortunately , there is a well-established literature ...
well understood that the equity premium is time-varying, this article deviates from the literature in its basic aim, which is to use theory to motivate a signal of expected returns that is based directly ...
and Development (OECD) estimates that USD $5–7 trillion was held offshore in 2007; PricewaterhouseCoopers speculates that USD $21–32 trillion was held offshore in 2012. Seventy-five percent of Fortune 500 firms ...
ships built from the timbers of the wreck and the cedars of Bermuda.3 News of the disappearance of the Sea Venture in the July hurricane reached England by the early fall of 1609. Meanwhile, the situation ...
’.15 A mere couple of years after 2011, however, Turkish foreign policy in those parts of the Middle East affected by the uprisings started going into reverse gear. This was caused in part by regional ...
that will fall in value, or disappear entirely, should the firm fall into loss and/or default. This is the approach most commonly taken by economists, rather than lawyers. A recent example is a paper and proposal ...
cannot raise credit in Kragsheim. On the train journey, he thinks back to ten years earlier: before the 1874 crash, when wages were high and dividends generous, it was easy to make a fortune . Throughout ...
configuration, there will be minimal contestation from powerful groups, and enforcement costs are likely to be low; the costs are likely to be high if the reverse were the case. Thus, political settlements ...
of their abilities, modeled as the precision of their privately collected signals . Consequently, prices formed during bull markets, when recent (aggregate) successes are more common, may be more impacted ...
writing: that ‘a demonstration of [African] loyalty to the British cause might yet yield future political dividends ’ (p. 82). Although this proved a forlorn hope, Plaatje’s anglophile sentiments were deep ...
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