The Uncovered Interest Parity (UIP) puzzle has remained a moot point since it first circulated economic discourse in 1984 and, despite a number of attempts at a solution, the UIP puzzle and other anomalies in Exchange Rate Economics continue to perplex
Norman Miller provides a fresh perspective on balance of payments and exchange rate theories, including intertemporal open economy models that focus on the optimum current account. To this end, he proves that any non-zero balance of payments must always be associated with a disequilibrium in either a commodity or an asset market. In this rigorous yet readable book, important welfare and policy implications are carefully examined. Norman Miller develops a new theory of the balance of payments associated with commodity market disequilibrium, a loanable funds theory of exchange rate and a modern foreign exchange market theory of the exchange rate that incorporates capital flows.
Legislation and case law following the relatively recent corporate scandals have increased scrutiny on the ethics and integrity of individuals, and the culture they create, at the highest levels within the corporate structure. The corporate General Counsel (GC) is a key member of that group. This enhanced attention increases the already substantial tensions facing the GC, who must navigate the demands and interests of various corporate stakeholders-including the board of directors, officers (particularly the CEO), stockholders, and employees-while also serving the best interests of the client, which is-and should only be-the corporation itself. In light of these heightened expectations on ethics, integrity, and other liability concerns, Indispensable Counsel: The Chief Legal Officer in the New Reality examines the key role of the independent, yet business-oriented, chief legal officer. Indispensable Counsel provides readers with the foundations of corporate representation followed by practical guidelines on how the multiple roles of GC are, or should be, resolved, with best practices as the goal. Former Supreme Court Justice of Delaware E. Norman Veasey and coauthor Christine T. Di Guglielmo bring their stature and wealth of experience in the field to bear in this must-have resource for anyone interested in the role of corporate counsel.
This insightful and comprehensive book uses theoretical and empirical studies to debunk contemporary illusions about the functionality of economies and examines the phenomena of economic magic and economic black magic. Norman C. Miller considers 11 economic myths, three of which are the theory that excessive imports reduce employment as firms are forced to downsize or shut down, that a more equal distribution of income kills incentives and reduces economic growth rates and the myth that a higher minimum wage always generates a net decrease in employment.
In the fall of 1941, the Philippines was a gardenia-scented paradise for the American Army and Navy nurses stationed there. War was a distant rumor, life a routine of easy shifts and dinners under the stars. On December 8 all that changed, as Japanese bombs began raining down on American bases in Luzon, and this paradise became a fiery hell. Caught in the raging battle, the nurses set up field hospitals in the jungles of Bataan and the tunnels of Corregidor, where they tended to the most devastating injuries of war, and suffered the terrors of shells and shrapnel. But the worst was yet to come. After Bataan and Corregidor fell, the nurses were herded into internment camps where they would endure three years of fear, brutality, and starvation. Once liberated, they returned to an America that at first celebrated them, but later refused to honor their leaders with the medals they clearly deserved. Here, in letters, diaries, and riveting firsthand accounts, is the story of what really happened during those dark days, woven together in a deeply affecting saga of women in war. Praise for We Band of Angels “Gripping . . . a war story in which the main characters never kill one of the enemy, or even shoot at him, but are nevertheless heroes . . . Americans today should thank God we had such women.”—Stephen E. Ambrose “Remarkable and uplifting.”—USA Today “[Elizabeth M. Norman] brings a quiet, scholarly voice to this narrative. . . . In just a little over six months these women had turned from plucky young girls on a mild adventure to authentic heroes. . . . Every page of this history is fascinating.”—Carolyn See, The Washington Post “Riveting . . . poignant and powerful.”—The Dallas Morning News Winner of the Lavinia Dock Award for historical scholarship, the American Academy of Nursing National Media Award, and the Agnes Dillon Randolph Award
Ray Downey wrote the first edition of The Rescue Company in the early 1990s. Building on Downey's legacy, John Norman has written Fire Department Special Operations to take into consideration the earth-shattering events, funding increases, research advances, expanded capabilities, and changes in regulations and standards that have widened the knowledge gap since the publication of Chief Downey's book. Fire Department Special Operations is an excellent guide for agencies and individuals in establishing, staffing, operating, and maintaining heavy rescue units in the many forms they may take. It is also an ideal training resource for the officers and individuals assigned the duties that a rescue firefighter must accomplish.
The paper develops a flow model of the exchange rate with speculative capital flows integrated in a rigorous manner. The model is consistent with five foreign exchange market puzzles: (1) occasional discontinuous jumps in the exchange rate; (2) periodic short-term regimes of persistent appreciation/depreciation that can develop into a long swing; (3) the forward discount bias; (4) volatility clusters in the foreign exchange market that create conditional heteroskedasticity; and (5) the dual profitability of betting in the short run against any official foreign exchange intervention, and betting with the intervention in the long run.
The third edition of the popular Textbook of Geriatric Neuropsychiatry thoroughly reviews this clinical subspecialty devoted to the diagnosis and treatment of psychiatric and behavior disorders in aging patients who display impaired brain function. In this text, world-renowned neuropsychiatrists and neuroscientists provide practical application of the latest research for both experienced clinicians and those new to the study of neuropsychiatry for the elderly. The book provides a comprehensive approach to treatment and contemporary neuroscience: Addresses the reality of an increasing aging population and the accompanying psychosocial changes this brings for patients and caregivers. Focuses on the health care of patients with neuropsychiatric illness. Consolidating the continued explosion of neuroscience research and the understanding of human behavior as it relates to aging. Bridges the fields of geriatric neurology and geriatric psychiatry, emphasizing relationships between neuropsychiatric illness and the aging of the nervous system. Responds to advancements in the study and science of geriatric neuropsychiatry, as well as feedback from past readers and clinicians. Concise and organized for easy reference, the textbook is divided into four parts that disclose clinically relevant information within the context of the very latest in neuroscience research and clinical application, including: Clinical definitions of the essential neuropsychiatric syndromes and disorders commonly seen in the elderly and how these disorders manifest. Emphasis on the principles and special considerations essential for the safe and effective treatment of neuropsychiatric disorders in the elderly. Study of the importance of interactions among aging; psychosocial, family, and neuropharmacological elements; and brain stimulation therapies. In-depth review of the influence of the aging nervous system on the pathophysiology, neuropsychiatric manifestations, clinical course, and prognosis of neurological and psychiatric illness in the elderly. Geriatric neuropsychiatry is an integrative specialty that draws from a diversity of fields including psychiatry, neuropsychiatry, neuroimaging, neuropsychopharmacology, gerontology, genetics, and molecular biology, to name a few. Incorporating these perspectives, this text is highly recommended for psychiatrists, neurologists, psychologists, geriatricians, psychiatric nurses, residents and fellows, and other clinicians interested in the study and treatment of the effects of aging on the brain.
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