The publication of “The Changing Welfare State in Europe: The Implications for Democracy” was made possible by the participation of the Europe Institute of the University of Auckland in the EU funded FP6 project “Reconstructing Democracy RECON”. The book is a collection of articles written by international scholars examining the transformation of the welfare systems in Europe and beyond since t...

One of the most controversial issues in the aftermath of the Asian financial crisis has been the appropriate response of monetary policy to a sharp decline in the value of some currencies. In this paper, we empirically examine the effects on Asian exchange rates of sharply higher interest rates during the Asian financial crisis. Taking account of the currency contagion effect, our results indic...

Many target CEOs receive unscheduled stock option awards during merger negotiations which become immediately exercisable when the acquisition is completed. We find an inverse association between the size of golden parachutes given to target CEOs and the probability that these executives receive unscheduled options during merger negotiations. These unscheduled awards are also more likely to be i...

Slow or negative growth for many Asian countries in the late 1990’s affected U.S. exports of hardwood lumber to Asia. With many of these economies now on the mend, this study attempted to gain an initial understanding of how this crisis affected hardwood lumber exports to Asia and the extent to which export volumes have recovered. Trade statistics compiled by the U.S. Department of Commerce and...

BACKGROUND The suffering people experience following a first episode of psychosis is great, and has been well-investigated. Conversely, potential positive outcomes following a first episode of psychosis have been under-investigated. One such outcome that may result from a first episode of psychosis is posttraumatic growth, or a positive aftermath following the trauma of a first psychotic episod...

OBJECTIVE Post-stroke major depressive episode is very frequent, but underdiagnosed. Researchers have investigated major depressive episode symptomatology, which may increase its detection. This study was developed to identify the depressive symptoms that better differentiate post-stroke patients with major depressive episode from those without major depressive episode. METHOD We screened 260...

OBJECTIVE The basal ganglia may contribute to extrapyramidal movement disorders, affective disturbances, and cognitive deficits in schizophrenia. Basal ganglia volumes are putatively affected by antipsychotic medications. The purpose of this study was to determine the long-term effects of risperidone treatment in a cohort of first-episode patients with schizophrenia. METHOD The subjects were ...