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The Economic Implications Of A North Korean Nuclear Test, Marcus Noland
The Economic Implications Of A North Korean Nuclear Test, Marcus Noland
Marcus Noland
This essay analyzes the economic implications that a North Korean nuclear test would have on Northeast Asia. Main Argument: A North Korean nuclear test would likely have a negative, though noncatastrophic, economic impact on the region: -South Korea would likely suffer from capital flight, consequent declines in asset prices and investment, and possibly a minor budgetary loss associated with existing investment guarantees to companies operating in North Korea. - Japan’s economy would also suffer from capital flight, asset price declines, and a reduction in investment. The most radical consequence, however, would be political: a nuclear test might strengthen Japanese attitudes …
Social Choice Theory Implications For Management Control Systems, David Randall Jenkins
Social Choice Theory Implications For Management Control Systems, David Randall Jenkins
David Randall Jenkins
This paper contributes a social choice theory competent context to managerial accounting. This context enables an economic progression framework that will ultimately drive performance measure content and, inter alia, contribute a meaningful standard for financial accounting's going concern assumption.
National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ
National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ
James Thomson
From 1883 to 1892, the circulation of national bank notes in the United States fell nearly 50 percent. Previous studies have attributed this to supply-side factors that led to a decline in the profitability of note issue during this period. This paper provides an alternative explanation. The decline in note issue was, in large part, demand-driven. The presence of a competing currency with superior eatures caused the public to substitute away from national bank notes.