The percentage of foreign born residents in the United States has steadily risen over the past half century. This increase has been even more marked for athletes where, in some cases, the foreign born percent on professional sports rosters has approached 30%. We examine the impact this rise has...

Many countries in Africa suffer high rates of underemployment or low rates of productive employment; many also anticipate large numbers of people to enter the workforce in the near future. This paper asks the question: Are African firms creating fewer jobs than those located elsewhere? And, if...

In this paper, we focus on an implicit assumption in the BSM framework that limits the scope of market network connections to seeking gains in the currency basis, i.e., on trading strategies between the numeraire and the stock and between the numeraire and the option, separately. We relax this...