We conjecture that the forward puzzle may reflect career risks: when professional investors observe public danger signals about a currency, they require a premium for holding it. We find evidence of this in ERM rates. As deep discounts do signal danger, we next specify nonlinear variants of the...

In today's globalized world, people are increasingly mobile and often need to communicate across different languages. Learning a new language is an investment in human capital. Migrants must learn the language of their destination country, but even non-migrants must often learn other languages...

Creating a Sustainable and Desirable Future -- Theoretical Foundations of Efficient Ecological Economic Studies -- Study on the EKC Characteristics of Regional Industrial Pollution Emissions in an Open Economic Environment -- Analysis of the Efficiency of Forestry Production and Convergence in...

Motivated by our experience with a global company, we propose and study the concept of a semi-centralized supply chain and analyze its coordination issues. We focus on a supply chain consisting of a home plant and a foreign branch, both of which are under the same parent company but have...