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Global

Joachim Fels | London 
Recent forecast
revisions around the globe take our 2009 global GDP growth forecast
down from -0.3% last month to -1.2%. These revisions take on board
the continued vertiginous drop in global trade and its knock-on
effects on output, capex and employment. |
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Many important ideas of modern corporate
finance theory and practice began with the pathbreaking work of MIT
finance professor Stewart Myers during his 40-plus-year career. This
issue of the Journal summarizes and pays tribute to Myers'
influential work on capital structure, capital budgeting, and
valuation. |
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Credit will likely continue to face headwinds in the short term. |
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| 2010.3.11 |
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