Roots of Brazil'apos;s Relative Economic Backwardness explains Brazil'apos;s development level in light of modern theories regarding economic growth and international economics. It focuses on both the proximate and fundamental causes of Brazil'apos;s...

Economics is traditionally taken to be the social science concerned with the production, consumption, exchange, and distribution of wealth and commodities. Economists carefully track the comings and goings of the human household, whether written...

This title was first published in 2000:  The noble goals embodied in the Endangered Species Act are colliding with financial and social realities. Citizens increasingly face the costs of current policies, while initiatives which fail to respect...

As part of the Regional Project on Harmonizing External Sector Statistics (Proyecto Regional de Armonización de las Estadísticas del Sector Externo - PRAESE) of the Technical Assistance Center for Central America, Panama, and the Dominican Republic,...

In his foreword, the president of the World Bank, James D. Wolfensohn, states plainly and precisely the rationale for this volume. 'quot;Evaluation is a central aspect of any poverty reduction endeavor. Evaluation implies that we have adopted a...

As America'apos;s most dysfunctional big city, Detroit faces urban decay, population losses, fractured neighborhoods with impoverished households, an uneducated, unskilled workforce, too few jobs, a shrinking tax base, budgetary shortfalls, and...

We present and discuss a set of indicators to help assess countries' trade policies. The indicators relate to three policy areas - trade in goods, trade in services, and FDI. Given concerns about the direction of global trade policy, we also consider...

Two types of currency in circulation models are identified: (1) a first generation derived fromthe theory of money demand and (2) a second generation aimed at producing daily forecastsof currency in circulation. In this paper, we transform the...

Economic players must often choose between several strategic options in a fierce competitive environment where interactions with competitors make decisions particularly complex. Game theory offers useful insights to choose an optimal decision or at...

The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has...

According to the standard position of the economic mainstream, the efficient production of so-called public goods, including law and defense, requires the use of territorial monopolies of coercive force. Two arguments are put forward for this...

Chances are, you already know what it's like to work for a toxic boss. You know they suck the air out of a room and the life out of their employees, and you don't need a research report to tell you that working for one is a nightmare. If this sounds...

This title was first published in 2003. Bringing together contemporary innovation pattern theories inspired by the two original patterns developed by Joseph A. Schumpeter, this book develops an innovative new model of long wave aggregate level...

This paper discusses Grenada's Fifth Review Under the Extended Credit Facility (ECF), Request for Modification of Performance Criteria, and Financing Assurances review. Overall program implementation remains solid. All quantitative performance...

In recent years transaction costs economics have come to dominate the discussion of the nature and organization of firms. InTransaction Costs Economics and Beyond Michael Driscoll offers a critical exploration of transaction costs. He argues that...

Selected Issues

Over the past 15 years, local money networks, which are essentially trading networks using a community-created currency, have emerged in countries as far apart as Argentina, Australia and New Zealand, Canada and the US, continental Europe and Japan....

The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has...

The study of ethnic Chinese in Southeast Asia has a long tradition. What is most striking in these studies is just how difficult it is to generalise about this ethnic group in the region. Whether or not they have been able to identify as Chinese has...

Motivated by the tension first revealed during the global financial crisis between thedomestic and international financial stability obligations of central bank reserve managers,this paper offers some reflections along four main lines. First, the...

Without doubt, Cuba is facing its most serious economic challenge in nearly thirty-five years of revolutionary rule. There is consensus that as the official, centrally planned economy has faltered, ordinary citizens eke out a living only by engaging...

This book will be crucial reading for students across a variety of disciplines. A broadly socio-legal text, using a mixed-methods design combining grounded theory with an in-depth case study, this research explores a rarely-seen facet of the legal...

We explore the behavior of supervisors when a centralized agency has full power over alldecisions regarding banks, but relies on local supervisors to collect the information necessaryto act. This institutional design entails a principal-agent problem...

We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different...

This book provides a focused understanding of contemporary forest management issues through real life examples to engage students. The methodology for the development of quantitatively-derived forest management plans - from gathering information to...

Context. Australia has enjoyed a comparatively robust economic performance while adjusting to the end of the large mining boom of the 2000s. But the economy has not yet returned to full employment, and inflation is below its target range. Housing...

Banks are usually better informed on the loans they originate than other financial intermediaries.As a result, securitized loans might be of lower credit quality than otherwise similar nonsecuritizedloans. We assess the effect of securitization...

This title was first published in 2000:  The noble goals embodied in the Endangered Species Act are colliding with financial and social realities. Citizens increasingly face the costs of current policies, while initiatives which fail to respect...

This book is written for undergraduate students in Economics and in Political Science who want to learn about the political economics of redistributive policies. It provides a positive analysis of the political process behind the design and...

This new text provides a rigorous analysis of real estate markets. Three main sections cover:microeconomics of property markets the macroeconomics of commercial property the financial economics of propertyGlobal empirical examples illustrate the...

Over the past 15 years, local money networks, which are essentially trading networks using a community-created currency, have emerged in countries as far apart as Argentina, Australia and New Zealand, Canada and the US, continental Europe and Japan....

Italian banks are burdened with high levels of nonperforming loans, the cleanup of which depends in important part on the efficiency of insolvency and enforcement processes. Traditionally, these processes in Italy have taken very long, hampering the...

Current images of sustainability are often designed to instil fear and force change, not because we believe in it, but because we fear the consequences of inaction. Moving away from negative portrayals of sustainability, this book identifies the...

This is the first book to cover in a comprehensive way, the conduct and structure of the international sugar industry from cultivation right through to end use. The authors look in detail at the workings of the growing and production sector and the...

This book examines the legal, financial, and institutional strategies available to the international oil and gas industry to protect against political and investment risk. It traces the historical development of these techniques and their application...

This new volume in the 'Advances in Management Information Systems' series presents the latest cutting-edge knowledge in IT outsourcing. As part of the growing business trend to outsourcing various operations, IT outsourcing both determines the...

There is a widespread perception that trust and social capital have declined in United States as well asother advanced economies, while income inequality has tended to increase. While previous research hasnoted that measured trust declines as...

This paper provides a comprehensive, updated picture of energy subsidies at the global and regional levels. It focuses on the broad notion of post-tax energy subsidies, which arise when consumer prices are below supply costs plus a tax to reflect...

Bad Banks is a gripping account of the problems and scandals that continue to bedevil the world'apos;s banking system some eight years after the credit crunch. It follows the fortunes and misfortunes of individual banks, from RBS to Lloyds. It...

The relevance of recording and assessing countries' capital flow management measures iswell-recognized, but very few studies have focused on low-income developing countries(LIDCs). A key constraint is the lack of an appropriate index to measure the...

Covering the period from November 1918 to the restoration of the Gold Standard in the UK in April 1925, this book, originally published in 1947, sets out and explains the economic facts of the immediate post-war period. There are sections on...

This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. Lower capital accumulation and TFP growth are...

Most capital markets that have been established in developing economies like Africa have struggled to make progress over two decades down the line. Development of African Capital Markets explores why these markets have remained underdeveloped and...

Samuel Pufendorf'apos;s work on natural law and political economy was extensive and has been cited by several important figures in the history of economic thought. Yet his name is rarely mentioned in textbooks on the history of economic thought, the...