The IMF and economic development

Why do governments turn to the International Monetary Fund (IMF) and with what effects? This book argues that governments enter IMF programs for economic and political reasons, and finds that the effects are negative on economic growth and income distribution. By bringing in the IMF ...

Stability and growth in Europe

towards a better pact

Monitoring European Integration was established in 1990 as an annual series of reports on the progress of economic integration in Europe. The objective of the reports is to raise the level of public discussion on European policy issues. Monitoring European Integration combines intellectual rigor with ...

Volatile states

institutions, policy, and the performance of American state economies

Why do American state economies grow at such vastly different rates and manifest such wide differences in living standards? Volatile States identifies the sources of rising living standards by examining the recent economic and fiscal history of the American states. Delving deeply into the historical ...

Finance, intermediaries, and economic developement

This volume includes ten essays dealing with financial and other forms of economic intermediation in Europe, Canada, and the United States since the seventeenth century. Each relates the development of institutions to economic change and describes their evolution over time, as well as discussing several ...

Poverty and exclusion in North and South

essays on social policy and global poverty reduction

Since 1990 there has been a worrying increase in poverty in the industrialized countries of the "North", while many of the developing countries of the "South" have experienced some improvement. This collection argues that there are a number of likenesses between the predicaments of North ...

Economic growth

After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass- Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition ...

The sources of economic growth in OECD countries

This work presents an in-depth reflection on the sources of ecomic growth. What drove economic growth in the OECD countries? What effects have developments, such as globalization and international terrorism, had on the determinants of growth? How, and how much, does government activity contribute to ...

Democracy, governance and economic performance

theory and evidence

In this book Yi Feng combines political and economic analyses to study the effects of political institutions on economic performance. Traditionally, political scientists disregard details of economic conditions, while economists may not take into consideration a systematic explanation of political regimes. The growing interest in ...

Perspectives on growth and poverty

The relationship between growth and poverty lies at the heart of development economics. While many see aggregate growth as both necessary and sufficient for reducing poverty, and consequently focus their efforts on achieving the desired macroeconomic outcomes, others stress that the benefits from growth may ...

Structural impediments to growth in Japan

As the much-lauded "miracle" of Japan's stunning economic growth has ground down into a seemingly unshakeable economic stagnation, analysts have focused their attention on the underlying systems that present obstacles to continued success. In this, the first book-length academic treatment of this important issue ...

Political economy of transition and development

institutions, politics and policies

The economic and political transition in Central and Eastern Europe has now entered its second decade. Although the post-communist countries shared many similarities at the outset of the transition, their economic and political experiences have been strongly divergent. Some countries succeeded in stabilizing their economies ...

Development in theory and practice

Latin American perspectives

This definitive reader brings together seminal articles on development in Latin America. Tracing the concepts and major debates surrounding the issue, the text focuses on development theory through three contrasting historical perspectives: imperialism, underdevelopment and dependency, and globalization. By offering a rich array of essays ...

Econometric modelling of European money demand

aggregation, cointegration, identification

The introduction of a single European currency constitutes a remarkable instance of internationalization of monetary policy. Whether a concomitant internationalization can be detected also in the econometric foundations of monetary policy is the problem dealt with in this book. Its basic theoretical ingredients comprise a ...

The political economy of European unemployment

European integration and the transtionalization of the (un)employment question

This edited collection examines unemployment in Europe in the context of globalisation, the implementation of European Monetary Union and the Eastern enlargement of the EU. It combines theoretical chapters with detailed case-studies of Britain, The Netherlands, Italy, Spain and Central Europe. INDICE 1. Henk Overbeek ...

Critical issues in international financial reform

This work covers weaknesses of the international financial system and potential beneficial reforms. The focus is on the countries of Latin America and the Caribbean, but it also takes into account relevant lessons from the experience of Canada, a country integrated into world and hemisphere ...

Advances in economic design

This volume gathers some of the finest and most recent research in economic and political design. Among the authors are several most prominent academics as well as many new and promising researchers. They investigate social choice and electoral systems, auctions, matching, bargaining, coalitional stability and ...

The real exchange rate and prices of traded goods in OECD countries

Real exchange rate changes - resulting either from shifts in nominal exchange rates or increases in costs that are asymmetric across countries - are the primary focus of this text. The book shows how exchange rates and local production costs are passed through into import prices. It ...

Migration

the boundaries of equality and justice

The freedom to choose where to live and work is a fundamental right in liberal societies. The moral equality of persons is the basic principle of democratic politics. But liberal democracy has no coherent theory of boundaries, or how members should be selected for political ...

Financial reckoning day

surviving the soft depression of the 21st Century

INDICE 1. The Gildered Age. 2. Progress, Perfectibility, and the End of History. 3. John Law and the Origins of a Bad Idea. 4. Turning Japanese. 5. The Fabulous Destiny of Alan Greenspan. 6. The Era of Crowds. 7. The Hard Math of Demography. 8 ...

Policy coordination in a monetary union

A comprehensive study of the international coordination of economic policy in a monetary union. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the union central bank, the German government ...