<DIV>Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in...</div>

<DIV>Over the past decade, foreign direct investment (FDI) around the world has nearly tripled, and with this surge have come dramatic shifts in FDI flows. In <I>Foreign Direct Investment,</I> distinguished economists look at changes in FDI, including historical trends, specific country experiences,...</i></div>

<DIV>When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. <I>The Transition in Eastern...</i></div>

<DIV>When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. <I>The Transition in Eastern...</i></div>

<DIV>The <I>NBER International Seminar on Macroeconomics</I> brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused <I>NBER Macroeconomics Annual</I>, the distinguished ISoM has met...</i></i></div>

<DIV>The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. <BR><BR>These nine innovative...</div>

<DIV>Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations,...</div>

<DIV><P>The distinguished International Seminar on Macroeconomics has met annually in Europe for thirty years. The papers in the 2007 volume discuss interest-setting and central bank transparency; expectations, monetary policy, and traded good prices; public investment and the golden rule; the role of...</p></div>

<DIV>This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more...</div>