This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign exchange markets. This information is then used...

We study criminality in a dynamic context by introducing social capital into the economic theory of crime. Social capital measures the extent to which an individual is bonded to legitimate society. According to the social control perspective. bonds to society strengthen as the individual ages,...

In the current paper, a one-sided version of a small sample correction to AIC is derived. This criterion will be based upon a two-sided model selection cretirion called AICs developed by Sugiura (1978) and studied in detail by Hurvich and Tsai (1989, 1991).

The purpose of this paper is to explore the case for viewing people as individuals, in a public policy context, and the case for viewing them as members of a family. In doing so, the author starts with the facts about low wage workers, unemployed workers and the welfare system. Section 3...

Our starting point is to re-examine the concept of poverty, in particular its ethical dimensions, in order to understand more clearly exactly what poverty lines are intended to capture. Our concern with poverty lines is twofold. First, they are not credible measures of poverty, because they...