About the Authors
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Michael Melvin is Professor of Economics at Arizona State University. He received his Ph.D. in Economics from UCLA in 1980. He has served as a Visiting Scholar at the Federal Reserve Board and the International Monetary Fund and has been a visiting professor at UCLA, Northwestern University, and the University of Hawaii. His fields of specialization are International Finance, Monetary Theory, and Econometrics. He is the coeditor of the Journal of International Money and Finance. He received the Distinguished Teacher Award of the College of Business at Arizona State University in 1989.

William Boyes is Professor of Economics at Arizona State University. He received his Ph.D. in Economics from the Claremont Graduate School in 1974. Bill has served as an economist with Security Pacific National Bank (now Bank of America), the Distinguished Visiting Professor of Business at Weber State University, visiting professor at Tsinghua University, Beijing, China, Chairman of the Economics Department at ASU, Dean of College of Business at Cal Poly, San Luis Obispo, and has consulted with the White House, the Commerce Department, the Federal Trade Commission, and several private firms. His research interests are economics and management. He is the special features editor of the Managerial and Decision Economics journal and director of the Office of Economic Education at ASU. Bill received the Golden Key National Honor Society Outstanding Professor at ASU in 1988, the Outstanding Teacher in the MBA program at ASU in 1994, and the Outstanding Teacher in the College of Business at ASU in 1995.

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