...sk VIII. The Bursting Asset Bubbles IX. The Future of the SEC X. Privatizing with Golden Shares XI. The Future of the Accounting Profession XII. ... ...(mainly of imported goods); and with a rising mountain of savings, they scoured the globe for assets to invest their capital in: from football clubs... ...turf" considerations generally trump any joint efforts. Return Privatizing with Golden Shares Written March 2002 Updated July 2005 In a rare... ...ences The Pricing of Options The Royal Swedish Academy of Sciences has decided to award the 1997 Bank of Sweden Prize in Economic Sciences in Memo... ...ty, and to Professor Myron S. Scholes, Stanford University, jointly. The prize was awarded for a new method to determine the value of derivatives. ... ... Another problem is the "winner's curse" - the tendency to bid too high to ensure winning. Wary of this propensity, bidders often bid too low - es... ...ther countries, and the accident-prone banking system in almost every corner of the globe. In many places, international aid constitutes the bulk o... ...IMF with its austerity measures is universally unpopular. Employers and employees, producers and consumers - these are all instances of the Princip...