NMSU Business Outlook: December 2008

From the Desk of A Teaching Economist: A Primer on Sovereign Wealth Funds

Michael G. Ellis, Department of Economics, NMSU

What are these funds held by other nations? How did they get them and what are they doing with them? The U.S. Treasury defines sovereign wealth funds as government investment funds that are funded by foreign currency reserves, but managed separately from official currency reserves. All countries that trade keep official currency reserves.

Complete Article: From the Desk of A Teaching Economist: A Primer on Sovereign Wealth Funds

When What You are Thinking can be as Important as What You are Saying: The Role of Subjective Intent in International Contracts for the Sale of Goods

Roger J. Johns and Mark S. Blodgett

Traditionally, contract law in the United States, which is mostly state law, has relied almost completely on external, objective manifestations of the parties’ intent, to determine the existence and terms of a contract. This was true, even though the fundamental assumptions about what was required for a contract to come into existence, and, assuming its existence, what terms the parties had agreed to, differed depending upon whether the contract was governed by the common law or the Uniform Commercial Code.

Complete Article: When What You are Thinking can be as Important as What You are Saying: The Role of Subjective Intent in International Contracts for the Sale of Goods

Talking Points

Christopher A. Erickson and James Libbin

Complete Article: Talking Points


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