Reasons to exchange

How important is conflict of interest to the professions? The answer is complex. Consider what recently happened to PriceWaterhouseCoopers (PWC), the world's largest accounting firm. PWC hired an outside investigator (at the urging of the Securities and Exchange Commission) to determine whether the firm was observing its own conflict-of-interest rules. The investigator reported that more than three-fourths of PWC's partners, including thirty-one of the top fortythree, had not properly sanitized their personal finances....

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On Fiscal Discipline and the Choice of Exchange Rate Regine This result conflicts with a well-known recent result from Hoxby (2000a), who argues that metropolitan areas with less centralized educational governance, and therefore more competition among local school districts, produce better student outcomes at lower cost. In Chapter Two, I attempt to get to the bottom of the discrepancy. I reanalyze a portion of Hoxby’s data, and find reason to suspect the validity of her conclusions.

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The search for resources including minerals, petroleum, and foodstuffs. For example: The US agribusiness giant United Fruit Company: controlled 90 per cent of US banana imports by 1899. Royal Dutch/Shell accounted for 20 per cent of Russia's total oil production. In Japan: Mitsui and Mitsubishi – “financial clique”

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