1. The Center for Research on International Economics and the Department of EconomicsThe University of Wisconsin‐MilwaukeeMilwaukeeWI53201USA
2. Department of Economics and FinanceSouthern Illinois UniversityEdwardsvilleIL62026‐1102USA
3. The Emerging Markets GroupSir Cass Business School106 Bunhill RowLondonEC1Y 8TZ
4. The William Davidson InstituteUniversity of Michigan724 East University Avenue, Wyly Hall, First FloorAnn ArborMI48109‐1234USA
5. Department of EconomicsUniversity of Texas at San AntonioSan AntonioTX78249‐0633USA