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Journal Article
Water policy in California and Israel
Water policies throughout the world often avoid market-determined allocations. In this article, we focus on case studies of Israel and California. Despite major cultural and political differences, it is found that water is heavilty controlled through similar administrative mechanisms in both areas. Moreover, in both cases, these controls have led to inefficient allocation schemes favoring agriculture at the expense of other uses. This article examines the institutional factors that have led to such controls, and argues that adopting a new regulatory framework similar to that used to ...
Journal Article
Is exchange risk hedgable?
Journal Article
NIF, SNIF, RUF, Gesundheit!
Journal Article
The Eurobond market--its use and misuse
Working Paper
Is financial time linear?
Journal Article
Swaps and bank exposure
Journal Article
Capital flight and LDC debt
Working Paper
Off-balance-sheet liquidity and monetary control