The value of any course comes from analyzing new institutional arrangements, deepening skills, and new conceptual topics. However, whereas the international finance course contributed in all three areas ten to twenty years ago, developments in the MBA curriculum at major schools since then have...

We examine the relation between credit spreads on industrial bonds and the underlying Treasury term structure. We use zero-coupon spot rates to eliminate the coupon bias and to allow for a consistent study both within and across the different credit ratings. Our results indicate that the level...

This paper finds that while covered interest rate parity holds for large and small triple A rated economies, it holds for emerging markets only for a three-month maturity. For a five-year horizon the size and frequency of violations lead to the conclusion that covered interest rate parity does...