FRANCIS A. LEES is Professor of Economics and Finance at the College of Business Administration at St. John's University. Lees has authored numerous books on international topics, covering international banking, lending, and foreign investment, his most recent book is Global Finance (1995). Lees has been a consultant for almost 20 years, with the United States government, the Conference Board, Central Bank for Cooperatives (Denver), Royal Commission on Electric Power (Toronto), and numerous other business organizations.THOMAS LIAW is Associate Professor of Economics and Finance at the College of Business Administration at St. John's University.