Michelle K. Lee

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Returns on international equities are characterized by jumps; moreover, these jumps tend to occur at the same time across countries leading to systemic risk. In this paper, we evaluate whether systemic risk reduces substantially the gains from international diversification. First, in order to capture these stylized facts, we develop a model of international(More)
The American Jobs Creation Act (AJCA) significantly lowered US firms' tax cost when accessing their unrepatriated foreign earnings. Using this temporary shock to the cost of internal financing, we examine the role of capital constraints in firms' investment decisions. Controlling for the capacity to repatriate foreign earnings under the AJCA, we find that a(More)
BACKGROUND A deteriorating economy, coupled with a series of natural disasters in 1995-97, led to a severe food crisis in North Korea. Although the country has received substantial international aid since 1996, demographic assessments of crisis impact have been limited. We assessed mortality trends in North Korea since 1995. METHODS At 15 randomly(More)
337, etc. That Notice invited written submissions from the parties and the public on the interpretation of section 337(a)(3)(C), 19 U.S.C. § 1337(a)(3)(C), as it pertains to licensing, specifically on the following: (10) The statute provides, in part, that " an industry in the United States shall be considered to exist if there is in the United States, with(More)
The Sacramento-San Joaquin Delta consists of some 737,000 acres of low-lying lands and channels at the confluence of the Sacramento and San Joaquin Rivers (Figure S1). This region lies at the very heart of California's water policy debates, transporting vast flows of water from northern and eastern California to farming and population centers in the western(More)
A five-day international workshop was recently convened at the Université des Sciences et Techniques de Masuku in Gabon to enhance international collaboration among Central African, US and European scientists, conservation professionals and policy makers. The overall aims of the workshop were to: (1) discuss emerging priorities in biodiversity and(More)
BACKGROUND Fatigue is an important problem in paediatric cancer patients and yoga may be an effective intervention. The primary objective was to determine the feasibility of individualized yoga for hospitalized children receiving intensive chemotherapy. METHODS We included English-speaking children and adolescents aged 7-18 years receiving intensive(More)
Re: Comments on the " proposed rules for changes to require identification of attributable owner " Dear Sirs, The Japanese Group of AIPPI (AIPPI Japan) appreciates the opportunity to offer comments regarding the " proposed rules for changes to require identification of attributable owner " AIPPI Japan is the local group in Japan of AIPPI, The International(More)