risk of the bonds‚ but instead reflects inefficiency in the underwriting process. Keywords: Fractionalization‚ municipal bonds. We are grateful for support from Harvard Business School. We are also grateful for comments from Alexander Whalley‚ Andrei Shleifer‚ and Alberto Alesina‚ and from seminar participants at the SEC‚ HBS‚ Boston College‚ USC‚ and UC-Merced. Finally‚ we are grateful for excellent research assistance from Mei Zuo. Sid Shenai is at Bracebridge Capital. Daniel Bergstresser
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Financial Scandals and the Role of Private Enforcement: The Parmalat Case Law Working Paper N° 40/2005 May 2005 Guido Ferrarini University of Genoa‚ Centre for Law and Finance and ECGI Paolo Giudici Free University of Bozen and Centre for Law and Finance © Guido Ferrarini and Paolo Giudici 2005. All rights reserved. Short sections of text‚ not to exceed two paragraphs‚ may be quoted without explicit permission provided that full credit‚ including © notice‚ is given to the source. This
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45(4-6)‚ 2001. Besley‚ Timothy‚ Robin Burgess and Andrea Prat (2002) “Mass Media and Political Accountability” in R. Islam ed. The Right to Tell: Institutions and the Media‚ World Bank‚ 2002. Djankov‚ Simeon‚ Caralee McLiesh‚ Tatiana Nenova‚ and Andrei Shleifer (2003)‚ “Who Owns the Media?‚” Journal of Law and Economics‚ 46‚ 341-382. FAO‚ OIE‚ WHO‚ UN System Influenza Coordination‚ UNICEF‚ and The World Bank (2008): Contributing to One World‚ One Health‚ A Strategic Framework for Reducing Risks
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1 AWARENESS OF THE CHURCH IN THE MODERN WORLD IN CHORUSES FROM ‘THE ROCK’ BY T.S. ELIOT Comments by Monsignor Luigi Giussani 1 Choruses from ‘The Rock’ 2by T. S. Eliot can be read according to a sequence of three stages. It starts with the chorus in which the position of the Church is opposed to the position of a world that doesn’t want it any longer (Chorus I). The Christians (Chorus II) must try to resist and live‚ to walk‚ to struggle in this world that doesn’t want them any longer. But they
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Earthworm is the common name for the largest members of Oligochaeta (which is either a class or subclass depending on the author) in the phylum Annelida. In classical systems they were placed in the order Opisthopora‚ on the basis of the male pores opening posterior to the female pores‚ even though the internal male segments are anterior to the female. Theoretical cladistic studies have placed them instead in the suborder Lumbricina of the order Haplotaxida‚ but this may again soon change. Folk names
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Lauritz Byok‚ 11th of January 2012 How important was Berlin to the development and outbreak of the Cold War‚ 1945-1961? The first period of time we need to look at is the year of 1945‚ when the Second World War ended. This was also the year when the Yalta‚ in February 1945‚ and the Potsdam Conference‚ in July 1945‚ was hold in order to discuss certain problems and plans that occurred or should have been done after the end of war. The tensions‚ which had lead to the beginning of the Cold War started
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Seoul Journal of Business Volume 19‚ Number 1 (June 2013) Behavioral Finance: A Survey of the Literature and Recent Development HYOYOUN PARK*1) Euler Hermes Hong Kong Service Hong Kong‚ China WOOK SOHN** KDI School of Public Policy and Management Seoul‚ Korea Abstract This paper summarizes recent studies in behavioral finance—particularly regarding market anomalies and investor behavior—that are not reconciled with the traditional finance paradigms. This paper differs from previous
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Jose P. Rizal José Protacio Rizal Mercado y Alonso Realonda (1861–1896)‚ was a Filipino nationalist‚ writer] and reformist. He is widely considered the greatest national hero of the Philippines. He was the author of Noli Me Tángere‚ El Filibusterismo and a number of poems and essays. He was executed on December 30‚ 1896. José Rizal also had Spanish and Japanese ancestors. His grandfather and father of Teodora was a half Spaniard engineer named Lorenzo Alberto Alonzo. His maternal great-great-grandfather
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Chris van der Weide 06-12-2009 De Kersentuin Informatie Auteur Anton Pavlovitsj Tsjechow Titel De Kersentuin Jaar van uitgave 1903 Jaar eerste opvoering 1904 Synopsis 1900‚ een Russisch landgoed‚ de kersentuin. Ljoebow‚ bezitster van het landgoed‚ is vijf jaar geleden haar bestaan ontvlucht (nadat zowel haar man als zoontje overleden zijn) en is vertrokken naar Parijs. Ze keert nu voor het eerst weer terug naar haar geliefde landgoed‚ een landgoed van generaties
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A MINSKY-KINDLEBERGER PERSPECTIVE ON THE FINANCIAL CRISIS J. Barkley Rosser‚ Jr. (contact) Professor of Economics‚ James Madison University Tel: 540-568-3212‚ email: rosserjb@jmu.edu Marina V. Rosser‚ Professor of Economics James Madison University Tel: 540-568-3094‚ email: rossermv@jmu.edu Mauro Gallegati‚ Professor of Economics Università Politecnica delle Marche‚ Ancona‚ Italy Email: Mauro.gallegati@gmail.com January‚ 2012 Abstract: Hyman Minsky and Charles Kindleberger discussed
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