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spec: As I write this we are at the southern end of the Prince Gustav Channel , that strip of water between the volcanic edifice of James Ross Island and the dissected crystalline rocks of the Antarctic Peninsula . I present a model in which firms choose the currency composition of their debts so as to minimize their probability of default . Biological Recording Units are generally given , following Hollis and Brummitt , 1992 . Healthy economies require not only liberal trade and FDI regimes , but markets that are contestable - where firms can enter and exit markets with ease - and in which firms face the discipline of competition , states WIR97 . This course examines industries in which firms have the potential to exercise market power . Coffee argues that there is an important movement towards " functional convergence , " through which firms around the world are adopting U.S. - type mechanisms to protect investors . And there seems no end . " The results also suggest there is a trade-off in which firms weigh the costs and benefits of debt when they make capital-structure decisions . Utilities may collect fees to cover the costs of the application process as well as a refundable deposit if any studies are required to analyze the impact of the customer 's equipment on the distribution wires system .