according to studies by 2050 more than 15 percent of world people, most of them are in the middle east and africa will experience severe water crisis. future water crisis is one of the most potential for international conflict and security challenges that have the potential to become a major international crisis. iran as a country with abundant water stress and is located in the critical region...

g a dynamic ntries and the d from 1990 to 2003. The empirical results find supportive evidence of a contagion effect. By analyzing the correlation-coefficient series, this paper the Asian crisis. The first phase shows an increase in correlation (contagion) and the second phase shows continued high correlation (herding). Statistical ll as in the variance of the correlation coefficients, casting ...

This Article develops a framework for analyzing the very existence of regulation of market makers and singles out such key factors as externalities in the market for liquidity, vulnerability of these market participants to certain trading strategies, and their own opportunism. This framework is explored through the evolution of the market making segment of the securities industry from crowded f...

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The Federal Reserve (the Fed) is responsible for monitoring, analyzing and ultimately stabilizing US financial markets. It also has unrivalled access to economic data, high-level connections to financial institutions, and a large staff of professionally trained economists. Why then was it apparently unconcerned by the financial developments that are now widely recognized to have caused the 2008...