The Rising Risk Of Natural Catastrophes: Finance

The Rising Risk Of Natural Catastrophes: Finance Viewpoint by Stephane Roy, WCW Columnist Putting aside the risks run by firms such as Lehman Brothers and the hoopla last week in the press about their shenanigans, natural disasters are occurring with an increased frequency. People are anxious understandably, but in many cases there is not much we can do. For example, Chile recently experienced one of the most powerful earthquakes ever, following the strong shaking Haiti incurred in January...

Why Market Efficiency Matters For Economic Growth & Social Welfare: Finance

Why Market Efficiency Matters For Economic Growth & Social Welfare: Finance Viewpoint by Stephane Roy, WCW Columnist As market participants are involved in their day-to-day trading activities, they have barely some time to think about the implications of market efficiency for the community. Whether they’re hedgers or speculators, they’d rather focus on what they believe to be inefficiencies that they can turn to their benefit. However, an efficient market is of prime importance to economic...