The framework presents how trading in the foreign commodity futures and domestic forward foreign exchange markets can affect the optimal spot positions of domestic commodity producers and traders. It generalizes the models of Kawai and Zilcha (1986) and Kofman and Viaene (1991) to allow both...

This study considers the association between legal origin, income inequality and one specific measure of social health - child mortality. In an influential body of work, La Porta et al. (1997, 1998) developed the proposition that stock market size and consequent economic development were...