PUBLICATIONS

     "A Test of the Behavior and Relationship Between
     Treasury Bill Futures and Treasury Bill Rates", The
     Financial Review, Proceedings, April 1986.

     "The Estimation and Determinants of Bid-Ask Spreads
     in Futures Markets", (with R. Followill), The Review of
     Futures Markets, Vol. 10, No. 1, 1991, 1-11.

     "Nafta and the Promoting of Export-Related
     Marketing Research Services to Small and Medium
     Sized Mexican Manufacturers" (with J. Medina),
     Advances in Marketing, Spring 1995, 223-231.

     "Concentration and Competition in the Mexican
     Banking Sector: An Empirical Investigation" (with M.
     Islam), Southwest Review of International Business
     Research, Proceedings, March 1995, 54-57.

     "Evidence on the Benefits of Portfolio Investment in
     Emerging Capital Markets in Latin America" (with M.
     Islam), International Trade and Finance, Proceedings, Vol.
     II, May 1995, 387-403.

     "NAFTA and the Opportunities of the U.S. Banking
     and Non-Banking Operations in Mexico: Empirical
     Evidence" (with M. Islam), Global Finance, Proceedings,
     May 1995.

     "An Empirical Study on the Efficiency of the Mexican
     Stock Market" (with M. Islam), Midsouth Academy of
     Economics and Finance, Papers and Proceedings, July 1995,
     265-274.

     "Mexican Commercial Banks: Competition and
     Performance Trends, 1990-1995", Border Business
     Indicators, Institute for International Trade, Texas A&M
     International University, October 1995, 1-6.

     "Mexico's Exchange Rate Policy and the Value of the
     Peso", Border Economic Indicators, Institute for
     International Trade, Texas A&M International University,
     November 1995, 1-3.

     "Latin-American External Debt, Fiscal Adjustments,
     and Real Exchange Rate Depreciation" (with M. Islam),
     American Society of Business and Behavioral Sciences,
     Proceedings, February 1996, 72-78.

     "Peso Crisis, Volatility, and Prospects of Investing in
     Mexico's Stock Market " (with M. Islam), Southwest
     Review of International Business Research, Proceedings,
     March 1996, 144-152.

     "Time-Varying Conditional Volatility and Time Series
     Properties of Emerging South American Stock
     markets", Business Association of Latin American studies,
     Proceedings, April 1997, 251-165.

     "Lead-Lag Relationships Among Equity Markets of
     North and South America: Cointegration and Causality
     Tests", Global Finance, Proceedings, May 1997, 55-56.

     "Evidence on the Benefits of Portfolio Investment in
     Emerging Capital Markets in Latin America", Updated
     Version, (with M. Islam), in Selected Investment Portfolios,
     Edited by James C. Baker, Pergamon, 1998, 75-89.

 OTHER COMPLETED RESEARCH
 

     "Futures Trading and Price Volatility in the Treasury
     Bill Market", Working Paper Series, The University of
     Michigan-Flint, WPS-85-01.

     "A Test of the Behavior and Relationship Between
     Treasury Bill Futures and Treasury Bill Rates",
     Working Paper Series, The University of Michigan-Flint,
     WPS-85-02.

     "Mutual Fund Performance and Mutual Fund Growth"
     (with W. Woerheide)", Working Paper Series, The
     University of Michigan- Flint, WPS-88-08.