Finance Commons^™

Government Financial Policy And Capital, Dean D. Croushore

Economics Faculty Publications

Economists have long been concerned about the best way to finance government deficits. Finding the proper fiscal policy and monetary policy mix is a crucial decision. When government debt grows too fast, interest rates rise and capital is crowded out. If the money growth rate is excessive, inflation occurs.

The study of this issue at the theoretical level requires a model which incorporates the following features: (1) modeling money and bonds as endogenous financial assets, whose rates of return are determined in general equilibrium, (2) examination of the utility maxi mization decisions of individuals, so that welfare analysis of alternative …

The Effects Of A Cpf Cut: A Note, Hian Teck Hoon

Research Collection School Of Economics

No abstract provided.

Securitization, Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Handout Professor Minsky prepared for Econ 335A, Fall 1987.

Financial Institutions And The International Indebtedness Crisis., Hyman P. Minsky Ph.D.

Hyman P. Minsky Archive

Lecture given at Columbia University. This was the fourth of a series of four in that lecture series.

Invisible Industry, Visible Rewards, Chester Smolski

Smolski Texts

"The week of May 17 to May 23 appeared to be an ordinary one, but it was singled out at the national level as National Tourism Week and, in the state, as Rhode Island Tourism Week, in case you did not know, and it was recognized by both the governor and by the mayor of Providence at recent luncheons. Well, ho-hum, another of the many proclamations and paper awards that so often come out of these offices that few give them much attention. But this one should cause Rhode Islanders to sit up and take notice."

Hitting The Untapped International Tourist Market, Chester Smolski

Smolski Texts

"It is the third-largest retailing operation in the nation with approximately five million employees. In New England it generates more than $620 million of state and local taxes annually. And in Rhode Island in 1986, it is estimated that $800 million was spent in this 'invisible industry.'"

Developments In The Financial System During The First Quarter Of 1987, Central Bank Of Nigeria Cbn

Economic and Financial Review

Money supply as measured by both Ml and M2 declined in the first quarter of 1987 due mainly to declines in net foreign assets and ••other'' assets net of the banking system. Banking system credit, on the other hand increased although at a slower pace than in the last quarter of 1986. While both the money and capital markets remained active during the quarter, the tempo of activities slowed down considerably from the December 1986level.

Anarchy In The Airways, Joseph C. Von Kornfeld

Hospitality Review

In his dialogue - Anarchy In The Airways - Joseph C. Von Kornfeld, Assistant Professor, College of Hotel Administration, University of Nevada, Las Vegas initially states: “Deregulation of the airline industry has brought about financial vulnerability for the traveling public. The author analyzes the situation since that point in time and makes recommendations for some solutions.”

In this article, Assistant Professor Von Kornfeld, first defines the airline industry in its pre-regulated form. Then he goes into the ramifications and results of deregulating the industry, both in regards to the consumer, and in deregulation’s impact on the airlines themselves.

“The most …

Using The Analytic Hierarchy Process To Select Investment In A Heterogenous Environment, Nick Bahmani, David Yamoah, Potkin Basseer, Farahmand Rezvani

Department of Economics Faculty Scholarship and Creative Works

The purpose of this paper is to apply the Analytical Hierarchy Process (AHP) model in selecting an investment. The selection process takes into account the following factors: the investors' characteristics, the investments' characteristics and the investment alternatives. The set of investors' characteristics consists of: wealth, experience, age and the concept of utility functions. When we speak of the investments' characteristics we are referring to such items as: liquidity, taxability, minimum requirement, transaction cost and yield or rate of return. The other set of characteristics are the investment alternatives which include: the Money Market Fund, Government and Municipal Bond Fund, Balanced …

Dissolving A Partnership Efficiently, Peter Cramton, Robert Gibbons, Paul Klemperer

Peter Cramton

Several partners jointly own an asset that may be traded among them. Each partner has a valuation for the asset; the valuations are known privately and drawn independently from a common probability distribution. We characterize the set of all incentive-compatible and interim-individually-rational trading mechanisms, and give a simple necessary and sufficient condition for such mechanisms to dissolve the partnership ex post efficiently. A bidding game is constructed that achieves such dissolution whenever it is possible. Despite incomplete information about the valuation of the asset, a partnership can be dissolved ex post efficiently provided no single partner owns too large a …

Investment Opportunities In Biotechnology: Prospects And Strategies, Arthur R. Kydd

Journal of the Minnesota Academy of Science

No abstract provided.

Investment Opportunities In U.S. Biotechnology Companies-High Upside Rewards Hand-In-Hand With Equally Great Downside Risk, Edward L. Mutsch

Journal of the Minnesota Academy of Science

No abstract provided.

Commercialization Of Biotechnology, Daniel G. Miller

Journal of the Minnesota Academy of Science

No abstract provided.

Regulation Of Government Agencies Through Limitation Riders, Neal Devins

Faculty Publications

Congress often attaches limitation riders to appropriations bills to establish its policy directives. Professor Devins argues that the appropriations process is not the proper vehicle for substantive policymaking. In this article, he analyzes institutional characteristics that prevent the full consideration or articulation of policy in appropriations bills. Professor Devins also considers the extent to which Congress's use of limitation riders inhibits the effectiveness of the other branches of the federal government. Professor Devins concludes that, while Congress's use of limitation riders is sometimes necessary, Congress should be aware of the significant risks associated with policymaking through the appropriations process.