The purpose of The Ethical Professor is to provide a road map to some of the ethical dilemmas that doctoral students and newer faculty members are likely to face as they enter a career in academia (the Academy). Academic career paths appear to be quite standard, transparent, and achievable with dedicated and hard work. Argued in this book, however, is that the road map to a successful academic career is not so easy. There are ethical pitfalls along the way, starting with entry into academia as a new PhD student. These ethical dilemmas remain equally opaque as faculty progress in their careers. The ethical pitfalls that plague each of the steps along the academic career path are often not visible to doctoral students and young faculty members; nor are they well prepared to spot them. Ethical issues are seldom discussed and little training is provided on how to spot and handle these potential road blocks to a successful career in the academy. Based on extant research and collective years of academic experience, The Ethical Professor seeks to shorten the learning curve around common ethical pitfalls and issues by defining them, sharing research and experiences about them, and offering a discussion framework for continued learning and reflection. This innovative new volume will be key reading for doctoral students and junior faculty members in social science departments in colleges and universities, as well as managers undertaking an MBA. Due to the increasing complexity of managing academic institutions, more seasoned professors, administrators, and college deans and presidents, will also benefit from the research presented here.

The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness", their national firms avail themselves of a lower cost of capital that makes them more competitive in the global economy and spurs economic growth. Skillful transfer of financial innovations to emerging markets often encourages the deregulation of the country's financial services sector. This results into new conduits for a more efficient capital allocation process such as commercial paper, securitized consumer finance and other disintermediated modes of financing which out-compete traditional financial intermediaries (mostly commercial banks), reduce households' cost of living and conjointly fuel the dynamics of emerging markets. Our response to the central question of how the transfer of financial innovations can enhance the Wealth of Nations is to show that it reduces the cost of capital while not unduly increasing systemic risk. Part I examines the relationship between financial innovations and systemic risk of the international financial system.

The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness," their national firms avail themselves of a lower cost of capital that makes them more competitive in the global economy and spurs economic growth. Skillful transfer of financial innovations to emerging markets often encourages the deregulation of the country's financial services sector. This results into new conduits for a more efficient capital allocation process such as commercial paper, securitized consumer finance and other disintermediated modes of financing which out-compete traditional financial intermediaries (mostly commercial banks), reduce households' cost of living and conjointly fuel the dynamics of emerging markets. Our response to the central question of how the transfer of financial innovations can enhance the Wealth of Nations is to show that it reduces the cost of capital while not unduly increasing systemic risk. Part I examines the relationship between financial innovations and systemic risk of the international financial system.

The purpose of The Ethical Professor is to provide a road map to some of the ethical dilemmas that doctoral students and newer faculty members are likely to face as they enter a career in academia (the Academy). Academic career paths appear to be quite standard, transparent, and achievable with dedicated and hard work. Argued in this book, however, is that the road map to a successful academic career is not so easy. There are ethical pitfalls along the way, starting with entry into academia as a new PhD student. These ethical dilemmas remain equally opaque as faculty progress in their careers. The ethical pitfalls that plague each of the steps along the academic career path are often not visible to doctoral students and young faculty members; nor are they well prepared to spot them. Ethical issues are seldom discussed and little training is provided on how to spot and handle these potential road blocks to a successful career in the academy. Based on extant research and collective years of academic experience, The Ethical Professor seeks to shorten the learning curve around common ethical pitfalls and issues by defining them, sharing research and experiences about them, and offering a discussion framework for continued learning and reflection. This innovative new volume will be key reading for doctoral students and junior faculty members in social science departments in colleges and universities, as well as managers undertaking an MBA. Due to the increasing complexity of managing academic institutions, more seasoned professors, administrators, and college deans and presidents, will also benefit from the research presented here.