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John C. Edmunds is Research Director of the Institute for Latin American Business Studies at Babson College, and faculty member of the Arthur D. Little School of Management. He has chaired Babson's finance faculty and directed its Stephen D. Cutler Investment Management Center. Prior to 1993, he was Professor of Capital Markets at Instituto de Empresa in Madrid, Spain, and spent 18 years in Latin America, Europe, Asia and Africa. Edmunds' areas of interest are capital markets, international finance, derivatives, and emerging markets. His books include The Risk Takers' Club (Pearson Prentice Hall) and Wealth by Association, both with John Marthinsen.