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Full-Text Articles in Law
The Engines Of Privatization: Investment Funds And Fund Legislation In Privatizing Economies, Matthew J. Hagopian
The Engines Of Privatization: Investment Funds And Fund Legislation In Privatizing Economies, Matthew J. Hagopian
Northwestern Journal of International Law & Business
The mass privatization programs of Eastern Europe and the former Soviet Union have been designed as the centerpieces of the momentous transformation of the region's command economies to principles of market forces. The programs are designed to distribute shares in thousands of state-owned enterprises amongst hundreds of millions of citizens for free or for nominal payment, thereby creating a revolutionary class of citizen-shareholders with a strong stake in the privatization process. From the inception of the first wave of large-scale privatization in Czechoslovakia, investment funds' have played a central role in the successes and failures of the varying mass privatization …
The Globalization Of Stock Index Futures: A Summary Of The Market And Regulatory Developments In Stock Index Futures And The Regulatory Hurdles Which Exist For Foreign Stock Index Futures In The United States, William J. Brodsky
Northwestern Journal of International Law & Business
The twelve-year history of stock index futures contracts has been marked by great success both in the United States and in many other countries. Two years after the product was introduced in 1982, the "notional," i.e., underlying, or dollar value of trading on the Chicago Mercantile Exchange (CME) S&P 500 Stock Price Index futures contract surpassed the dollar volume of trading at the New York Stock Exchange (NYSE).' Moreover, "as investors go increasingly global and market turbulence grows, stock index futures are emerging as the favorite way for nimble money managers to deploy their funds. Indeed, in most major markets, …