Principal-agent problems between corporate parent and subsidiary operations are frequently exacerbated in international settings by exchange rate fluctuations between the foreign subsidiary’s local currency and the multinational corporation’s (“MNC”) reference currency. This article develops a conceptual solution to resolve this international control conundrum using an Economic Value Added (“EV...

The macroeconomic model presented in this paper describes the complex functioning of national economy and can be used to forecast the effect of various economic policies on development trends. It is an extension of [2,3] and adaptation of [4]. To determine the effect on national economy of state policies related to credits, taxes and interest rate, national economy is considered within the fram...

The economies of East Asian countries are being severely suppressed by the recent currency crisis. Since the currency turmoil in July 1997, East Asian countries have faced serious economic depression. Domestic demand shrunk and production levels dropped sharply in 1998. Many factories had to lay off their workers. This led to serious unemployment problems in the region. This paper discusses the...

BACKGROUND There is ample evidence in Asia and Latin America showing that past economic crises resulted in cuts in expenditures on health, lower utilization of health services, and deterioration of child and maternal nutrition and health outcomes. Evidence on the impact of past economic crises on health sector in Africa is lacking. The objectives of this article are to present the findings of a...

How volatile is the euro currency? Given Ireland’s open economy status and its strong trading dependency on economies outside the euro area, understanding this question is vital. The paper analyses the volatility levels facing Irish economic agents by comparing the experiences from membership of the European Monetary System (EMS) through to the new single currency. The focus is on measuring vol...

AUL SAMUELSON’S OVERLAPPING generations model is a classic in modern economic literature. It has enjoyed a renaissance in the last decade or so as a framework for analyzing fundamental issues in many areas of economics, including pure theory, public finance and, of special concern for this paper, monetary theory.’ Samuelson’s (1958) model continues to attract interest in the latter field becaus...