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Of the new members entering the European Union (EU) in May 2004, several had achieved a decade of...

This paper examines the volatility and predictability of emerging stock markets. A range of...

International bond issuance by debut issuers has risen in recent years. The uptick was a result...

A common assumption in standard economic models is that agents are risk-averse and prudent, and...

This paper consolidates previous work on the development of secondary markets for government...

Welfare states can be reformed successfully, and popular support for reforms can be maintained....