With oil prices reaching new heights, London, Paris, Rome and most other European capitals are experiencing a flood of Russian tourists. Top shops and restaurants all over Europe are full of Russian clients. But is the EU more than a just tourist destination for Russian businessmen? According to ...

1. Introduction In 1966, Despres, Kindleberger and Salant published a seminal article in The Economist entitled "The Dollar and World Liquidity- A Minority View." At that time, the US dollar, officially pegged to gold at $35 an ounce, was the key currency of the monetary system: it was the curren...

Diversity is an almost ubiquitous buzzword in many aspects of business. From touchy-feely personnel managers seeking to foster diverse workforces to hard-nosed investors spreading risk across balanced portfolios, its appeal seems entrenched. But in the field of corporate strategy, its reputation ...

Even the notorious accounting scandals at Enron and Parmalat have done little to change accountants’ reputation as a sober and self-effacing bunch. So perhaps it is not surprising that economists who study accounting are also unusually modest about the relevance of their subject to the value of c...

Socially responsible investment (SRI) has grown at a startling rate in recent years. Advocates claim that assets involved in SRI in the United States have nearly quadrupled from $639 billion to $2.3 trillion over the last 10 years. Now, the segment accounts for 10% of the total assets under manag...