Fast Food

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McDonald's -- Much Maligned, But an Engine of Economic Development, Global Economy Journal (2009)

Critics have excoriated the US fast-food industry in general, and McDonald's most particularly, both per...

 

Multinational Corporations

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Financial Crises and the Presence of Foreign Banks, Systemic Financial Distress: Containment and Resolution (2005)

Foreign banks have entered many transition and emerging economies in recent years, sometimes before economic...

 

PDF

Foreign Banks in Bulgaria, 1875-2002 (with Kenneth Koford), Capital Formation, Governance, and Banking (2005)

We apply the analogy from biology of ecological succession that follows natural disasters as a...

 

OpenURL

Foreign Banks in the Pacific: A Note., Journal of Pacific History (2005)

Foreign banks have been operating in the Pacific Islands since the late 19th century. Today,...

 

OpenURL

The California Subsidiaries of Japanese Banks: A Genealogical History, Journal of Asian Business 20 (2), 59-82 (2004)

Japanese banks had subsidiaries in California from 1910 to 1941. The Japanese banks started to...

 

OpenURL

“The world’s local bank”: HSBC’s expansion in the US, Canada and Mexico., Latin American Business Review (2004)

HSBC has built up a major retail banking presence in Canada, the US, and Mexico....

 

OpenURL

Who Owns the Major US Subsidiaries of Foreign Banks? A Note, Journal of International Financial Markets, Institutions & Money (2004)

In 2000 ten foreign banks owned the 12 largest US subsidiaries of foreign banks, which...

 

OpenURL

Banks and the World’s Major Banking Centers, 1990. (with Sang-Rim Choi and Dae-kun Park), Weltwirtschaftliches Archiv (1996)

We update an earlier article on the determinants of interpenetration of financial centers by banks....

 

OpenURL

The Impact of the Foreign Corrupt Practices Act on U.S. Exports (with Paul J. Beck and Michael W. Maher), Managerial and Decision Economics (1991)

In 1977 the Foreign Corrupt Practices Act (FCPA) was enacted to penalize US firms and...

 

OpenURL

International Retail Banking as a Strategy: An Assessment, Journal of International Business Studies (1987)

We assess the viability of a bank's entering into retail banking worldwide, wherever regulations permit,...

 

Miscellaneous

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Letter: Observation, Theory-Building, and Theory-Testing, The Economists' Voice (2009)

Adrian Tschoegl suggests that proper science is often neither deduction nor induction, but abduction.

 

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The international diffusion of an innovation: The spread of decimal currency, Journal of Socio-Economics (2009)

This paper argues that decimalization of currency diffused as a consequence of all three forms...

 

PDF

Review of Philip E. Tetlock, Expert political judgment: How good is it? How can we know? (with J. Scott Armstrong), Marketing Papers (2007)

The book assaults common sense with evidence. In order to mount his assault on accepted...

 

OpenURL

The Manager’s Guide to Big Macs (with Robert Grosse), Advances in Financial Education (2006)

We have found that deriving the business implications of abstract concepts such as Purchasing Power...

 

OpenURL

Currency Risks, Government Procurement and Counter-trade: A Note (with Sang-Rim Choi), Applied Financial Economics 13 (12), 885-889 (2003)

Government agencies that procure goods from abroad typically face various risks, particularly uncertainty over future...

 

OpenURL

Banking on Gambling: Lottery-Linked Deposit Accounts (with Mauro F. Guillen), Journal of Financial Services Research (2002)

Deposit accounts that provide an interest return determined by a lottery have proved to be...

 

Economic Development

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McDonald's -- Much Maligned, But an Engine of Economic Development, Global Economy Journal (2009)

Critics have excoriated the US fast-food industry in general, and McDonald's most particularly, both per...

 

OpenURL

Problems of Bank Lending in Bulgaria: Information Asymmetry and Institutional Learning (with Kenneth Koford), MOCT-MOST: Economic Policy in Transitional Economies (1999)

Why are there such severe problems in lending in the transition countries? We conducted interviews...

 

OpenURL

Panama's International Banking Center: The Direct Employment Effects (with Donald R. Lessard), Journal of Banking and Finance (1988)

Despite the political saliency of employment, the growing scholarly literature on financial centers contains only...

 

Foreign Banking

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Financial Crises and the Presence of Foreign Banks, Systemic Financial Distress: Containment and Resolution (2005)

Foreign banks have entered many transition and emerging economies in recent years, sometimes before economic...

 

PDF

Foreign Banks in Bulgaria, 1875-2002 (with Kenneth Koford), Capital Formation, Governance, and Banking (2005)

We apply the analogy from biology of ecological succession that follows natural disasters as a...

 

OpenURL

Foreign Banks in the Pacific: A Note., Journal of Pacific History (2005)

Foreign banks have been operating in the Pacific Islands since the late 19th century. Today,...

 

OpenURL

Financial Integration, Dis-integration and Emerging Re-integration in the Eastern Mediterranean, c.1850 to the Present., Financial Markets, Instruments and Institutions (2004)

The financial integration that concerns us is that of the linking of national banking systems...

 

OpenURL

The California Subsidiaries of Japanese Banks: A Genealogical History, Journal of Asian Business 20 (2), 59-82 (2004)

Japanese banks had subsidiaries in California from 1910 to 1941. The Japanese banks started to...

 

OpenURL

“The world’s local bank”: HSBC’s expansion in the US, Canada and Mexico., Latin American Business Review (2004)

HSBC has built up a major retail banking presence in Canada, the US, and Mexico....

 

OpenURL

Who Owns the Major US Subsidiaries of Foreign Banks? A Note, Journal of International Financial Markets, Institutions & Money (2004)

In 2000 ten foreign banks owned the 12 largest US subsidiaries of foreign banks, which...

 

OpenURL

Banks and the World's Major Banking Centers, 2000 (with Sang-Rim Choi and Dae-kun Park), Weltwirtschaftliches Archiv (2003)

We update two earlier articles on the determinants of interpenetration of financial centers by banks....

 

OpenURL

Banking on Gambling: Lottery-Linked Deposit Accounts (with Mauro F. Guillen), Journal of Financial Services Research (2002)

Deposit accounts that provide an interest return determined by a lottery have proved to be...

 

OpenURL

Entry and Survival: The Case of Foreign Banks in Norway, Scandinavian Journal of Management (2002)

After a long history of closure to foreign banks, Norway opened in 1985. The foreign...

 

OpenURL

FDI and Internationalization: Evidence from US Subsidiaries of Foreign Banks, Journal of International Business Studies (2002)

Nine foreign banks own the ten largest US affiliates or subsidiaries of foreign banks. These...

 

OpenURL

Foreign Banks in Saudi Arabia: A Brief History, Transnational Corporations (2002)

The note examines the history of foreign banks in Saudi Arabia to shed light on...

 

OpenURL

The internationalization of Singapore’s largest banks, . Journal of Asian Business 18 (1): 1-35 (2002)

Singapore’s banks have offices throughout the Asia-Pacific area, in London and North America as well,...

 

OpenURL

Foreign bank penetration of newly opened markets in the Nordic Countries (with Lars Engwall, Torben Pedersen, and Rolf Marquardt), Journal of International Financial Markets, Institutions & Money (2001)

The opening to foreign banks in the Nordic countries provides us with an opportunity to...

 

OpenURL

Foreign Banks, International Banking Centers and Geography, Financial Markets, Instruments and Institutions (2001)

This essay reviews much of the recent literature on international financial centers from both economics...

 

OpenURL

The International Expansion of Norwegian Banks (with Siv F. Jacobsen and Martin Boldt-Christmas), Business History (2001)

We discuss the expansion of Norwegian banks abroad in the post-World War II era. The...

 

OpenURL

The internationalization of retail banking: the case of the Spanish banks in Latin America (with Mauro F. Guillen), Transnational Corporations (2000)

Since 1995 two Spanish banks—Banco Santander Central Hispano and Banco Bilbao Vizcaya—have become the largest...

 

OpenURL

The Norwegian Banks in the Nordic Consortia: A Case of International Strategic Alliances in Bankin (with Siv F. Jacobsen), Industrial and Corporate Change (1999)

Despite the scholarly interest in joint ventures and strategic alliances, the consortium bank movement represents...

 

OpenURL

Banks and the World’s Major Banking Centers, 1990. (with Sang-Rim Choi and Dae-kun Park), Weltwirtschaftliches Archiv (1996)

We update an earlier article on the determinants of interpenetration of financial centers by banks....

 

OpenURL

Panama's International Banking Center: The Direct Employment Effects (with Donald R. Lessard), Journal of Banking and Finance (1988)

Despite the political saliency of employment, the growing scholarly literature on financial centers contains only...

 

OpenURL

International Retail Banking as a Strategy: An Assessment, Journal of International Business Studies (1987)

We assess the viability of a bank's entering into retail banking worldwide, wherever regulations permit,...

 

Physical money

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The international diffusion of an innovation: The spread of decimal currency, Journal of Socio-Economics (2009)

This paper argues that decimalization of currency diffused as a consequence of all three forms...

 

OpenURL

Change the regime – Change the money: Bulgarian banknotes, 1885 to 2003, Balkanologie (2004)

This paper follows the changes in the images in Bulgaria’s notes from the first issue...

 

OpenURL

Maria Theresa’s Thaler: A Case of International Money, Eastern Economic Journal (2001)

Despite its significance in monetary history, the Maria Theresa thaler (or taler) is little known...

 

OpenURL

The Denominations of US Coins: A Case of Institutional Evolution, Journal of Evolutionary Economics (2001)

The system of denominations of US coins, which the paper treats as a quasi-genetic trait...

 

OpenURL

The Market Value of Rarity (with Kenneth Koford), Journal of Economic Behavior and Organization (1997)

Most theories of demand assume that consumers value the characteristics of products but are unconcerned...

 

OpenURL

The Optimal Denomination of Currency: A Conjecture., Journal of Money, Credit and Banking (1997)

Telser (1995) and Sumner (1993) argue that the optimal system of denominations of currency would...

 

Financial centers

OpenURL

Banks and the World's Major Banking Centers, 2000 (with Sang-Rim Choi and Dae-kun Park), Weltwirtschaftliches Archiv (2003)

We update two earlier articles on the determinants of interpenetration of financial centers by banks....

 

OpenURL

Foreign Banks, International Banking Centers and Geography, Financial Markets, Instruments and Institutions (2001)

This essay reviews much of the recent literature on international financial centers from both economics...

 

OpenURL

Banks and the World’s Major Banking Centers, 1990. (with Sang-Rim Choi and Dae-kun Park), Weltwirtschaftliches Archiv (1996)

We update an earlier article on the determinants of interpenetration of financial centers by banks....

 

OpenURL

Panama's International Banking Center: The Direct Employment Effects (with Donald R. Lessard), Journal of Banking and Finance (1988)

Despite the political saliency of employment, the growing scholarly literature on financial centers contains only...

 

Risk management

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The Key to Risk Management: Management, Risk Management: Challenge and Opportunity (2004)

The Barings, Daiwa Bank and Sumitomo Corp. financial debacles in the mid-1990s suggest that management...

 

Random Growth

OpenURL

Liquor Brand Market Share (with Chwo-Ming Yu), Internaitonal Journal of Marketing Research (1990)
 

Gold

OpenURL

easonality in Asset Returns: Evidence from the Gold Market, Managerial and Decision Economics (1987)

In this paper we test monthly mean daily returns to gold over the period January...

 

OpenURL

An Empirical Investigation of the EOE Gold Options Market (with Clifford A. Ball and Walter N. Torous), Journal of Banking and Finance (1985)

On April 2, 1981, the European Option Exchange introduced the first organized exchange trading of...

 

Financial markets

OpenURL

The Source and Consequence of Stop Orders: A Conjecture, Managerial and Decision Economics (1988)

The article conjectures that stop orders are automatic control limits that enable investors to react...

 

OpenURL

easonality in Asset Returns: Evidence from the Gold Market, Managerial and Decision Economics (1987)

In this paper we test monthly mean daily returns to gold over the period January...