Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising...

This rigorous and comprehensive textbook develops a basic small open economy model and shows how it can be extended to answer many important macroeconomic questions that arise in emerging markets and developing economies, particularly those regarding monetary, fiscal, and exchange rate issues....

This essay examines the ways in which nonprofit universities increasingly emulate businesses, focusing on two of the most direct forms of emulation: the creation of internal university markets at the University of Southern California through adoption of variants of resource center management...

On September 22, 2004, the Office of Federal Housing Enterprise Supervision (OFHEO) made public a report that was highly critical of accounting methods at Fannie Mae, the government-sponsored enterprise that plays a leading role in the secondary mortgage market. OFHEO charged Fannie Mae with not...

Previous studies of the quality of market-forecasted volatility have used the volatility that is impliedby exchange-traded option prices. The use of implied volatility in estimating the market view of futurevolatility has suffered from variable measurement errors, such as the non-synchronization...

Finansinę statybos įmonių būklę apibūdina daug rodiklių, kurie įvairiais aspektais parodo įmonių komercinės veiklos rezultatus. Labai svarbi vieta tarp jų tenka mokumo ir finansinės rizikos rodikliams. Jiems priklauso einamojo, kritinio, bendrojo likvidumo, įsiskolinimo bei...

Suppose a seller wants to sell k similar or identical objects and there are n k potential buyers. Suppose that each buyer wants only one object. In this case, we suggest the use of a simultaneous auction that would work as follows. Players are asked to submit sealed bids for one object. The...