Professor Linda S. Goldberg is grateful for the research support provided by the C.V. Starr
Center at New York University and by NSF Grant HRD-9250102. Professor Charles Koistad was
supported in part by NSF Grant SES-9209943. George Childs provided excellent research
assistance. Comments from Jose Campa. Linda Tesar and Frank Wolak have been appreciated.
This paper is part of NBER's research program in International Finance and Macroeconomics.
Any opinions expressed are those of the authors and not those of the National Bureau of
Economic Research.
1994 by Linda S. Goldberg and Charles D. Koistad. All rights reserved. Short sections of
text, not to exceed two paragraphs, may be quoted without explicit permission provided that full
credit, including C) notice, is given to the source.