This case is considered to be the connecting thread to the 35 hour Corporate Finance course for postgraduates and executive education in which: 1) the main concepts of financial statements analysis will be reviewed, including those regarding cost structure, break-even point and operating...

This paper elucidates the key debates surrounding the optimal design of financial systems and institutions: bank-based versus market-based; universal versus specialized banking; relationship versus arms-length banking. The paper also examines the historical pattern of financial system development...

Why are we rich and others poor? What is preventing the less-developed countries from catching up with the more developed? How did we become rich? Underlying these questions are more fundamental ones: What is the nature of economic progress? What are its causes? I seek the answers to these...

This paper provides an overview of the complex conceptual and practical challenges thatemerging market economies face as they attempt to reform their frameworks for financialregulation. These economies are striving to balance the quest for financial stability with theimperatives of financial...

This case is considered to be the connecting thread to the 35 hour Corporate Finance course for postgraduates and executive education in which: 1) the main concepts of financial statements analysis will be reviewed, including those regarding cost structure, break-even point and operating...

This paper examines the evolving importance of banks and securities markets during the process of economic development. We find that as countries develop economically, (1) the size of both banks and securities markets increases relative to the size of the economy, (2) the association between an...

We investigate the community structure of the global ownership network of transnational corporations. We find a pronounced organization in communities that cannot be explained by randomness. Despite the global character of this network, communities reflect first of all the geographical location...