Now showing items 1-10 of 1363
Economic Reform in Tanzania and Vietnam: A Comparative Commentary
(2004-06-01)
The economic reforms in Tanzania and Vietnam represent the two typical cases of transition economies in Asia and Africa, particularrly the transformation of the two developing economies from the planned to the market ...
Empathy and Occupational Diversity - Guiding Forces for a Service Revolution at Kresge Library
(2009-11-03)
The Kresge Business Administration Library at the University of Michigan’s Ross School of Business has long been recognized for delivering exceptional service. Despite this success, there were many missed opportunities ...
Bank Supervision Russian style: Rules versus Enforcement and Tacit Objectives
(2005-06-01)
We focus on the conflict between two central bank objectives, namely individual bank stability and systemic stability. We study the licensing policy of the Central Bank of Russia (CBR) in 1999-2002. Banks in poorly banked ...
Dollarization of Liabilities in Non-tradable Goods Sector
(2001-06-01)
This paper questions the motivation of dollar indebtedness by firms of the non-tradable good sectors in a period of exchange rate pressure. Given the structure of banks' indebtedness and protection of banks' foreign ...
Business Decisions and the Environment: Significance, Challenges, and Momentum of an Emerging Research Field
(2004)
Over the past four decades, the concept of corporate environmentalism was born and redefined through multiple iterations. Concurrent with this evolution in corporate practice has been the emergence of academic research ...
Optimal investment with derivative securities
(Springer-Verlag, 2005-10)
We consider an investor who maximizes expected exponential utility of terminal wealth, combining a static position in derivative securities with a traditional dynamic trading strategy in stocks. Our main result, obtained ...
Bargaining Power and Supply Base Diversification
(2009-12)
We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term supply contracts among a cohort of suppliers (i.e., the supply base). To mitigate significant cost shocks ...
Momentum and House Price Growth In the U.S.: Anatomy Of a "Bubble"
(2009-01)
This paper analyzes the bubble in property values in the U.S. in the period from 1999 through 2005. We define a bubble as a regime shift characterized by a change in the properties of house price deviations from underlying ...
No Pain, No Gain: Market Reform, Unemployment, and Politics in Bulgaria
(2003-05-15)
In 1997, a new center-right government came to power in Bulgaria with a mandate to accelerate market reforms. By the time of the next elections in 2001, 75 percent of GDP was produced in the private sector, compared to 45 ...
The Effect of Pre-Primary Education on Primary School Performance
(2006-07-01)
Although the theoretical case for universal pre-primary education is strong, the empirical foundation is weak. In this paper, we contribute to the empirical case by investigating the effect of a large expansion of universal ...