JOHN C. EDMUNDS teaches finance at Babson College, where he has been department chairman,advisor to the Babson College Fund, director of the Stephen D. Cutler Investment ManagementCenter, research director of the Institute for Latin American Business Studies, and is a facultymember of the Arthur D. Little School of Management. Prior to 1993, he was Professor of CapitalMarkets at Instituto de Empresa in Madrid, Spain. He has spent 18 years abroad, in LatinAmerica, Europe, Asia, and Africa. Edmunds' areas of interest are capital markets, internationalfinance, derivatives, and emerging markets. His books include The Wealthy World and Wealth byAssociation with John Marthinsen.