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Life insurance is normally purchased to provide cash for three primary purposes: (1) for income for dependents in case of premature death, (2) for retirement income, and (3) for the payment of estate settlement costs such as debts, claims, lawyers’ fees, and estate taxes. Adequate insurance may prevent a forced sale of business assets on [...]

Within the emerging markets, there has been a gradual realization, particularly as barriers to trade and capital have come down, that fixed or pegged exchange rate regimes may no longer be appropriate in an economic world dominated by high capital mobility. Furthermore, there has been an equal realization that exchange rate pegs of one type [...]