Are Dividends Smoothed Signals of Earnings Asymmetry? An Empirical Investigation
Rakesh Bharati, Manoj Gupta, and Prasad Nanisetty

Civilian and Defense Research and Development Funding in Six Major Economies
Thomas L. Powers and Ricardo P. Leal

International Diversification During the 1990s
Ahmet Tezel and Ginette McManus

An Empirical Analysis of the Relationships Between Currency Risk and Country Risk, Country Development, and Country Location
Svyatoslav V. Yenin and Stephen F. Borde

Portfolio Optimization Under Realistic Short Sales Restrictions
Manuel Tarrazo and Gregory Alves

Europe on Its Road to EMU
Niels Thygesen

The Effects of European Monetary Union on the Dollar and the Yen as International Reserve and Investment Currencies
Michael Frenkel and Jens Søndergaard

European Financial Integration and EMU Expectations
Dieter Bender and Norbert Lamar

The Changing Role of Financial Intermediation in Europe
Gunter Dufey

EMU: What If the Shocks Are in the Labor Markets?
Gil Mehrez and Natacha Valla

Towards A Single European Insurance Market
Thomas Hess and Thomas Trauth

Regulating the Market for Corporate Control: Lessons from Germany
Ulrich Hommel