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Marxism and 'Really Existing Socialism'

by A. Nove

The late Alec Nove explores the relationship between Marxist ideas and the Soviet reality and presents a methodology for understanding Soviet type societies.


Typology of Industrialization Processes in the Nineteenth Century

by S. Pollard

This title considers the main similarities and differences in the industrialization processes of the major economies.


Bayesian Implementation

by T. Palfrey & S. Srivastave

The authors present a basic model of the Bayesian implementation problem and then consider its application in areas including classical pure exchange economies, public goods provision, auctions and bargaining....


Welfare and the Well-Being of Children

by J. Currie

This book examines the major US welfare programs affecting children and presents a systematic evaluation of the evidence regarding the effects of welfare programs on the children themselves.


Government and Economies in the Postwar World: Economic Policies and Comparative Performance, 1945-85

by Andrew Graham & Anthony Seldon

The chance to begin anew seldom occurs. Yet the nearly complete breakdown of the world economy between 1939 and 1945, together with the dominant position of the United States at the end of the war, provided...


Principles of Newspaper Management

by , James Pollard

Written by the once Director of the School of Journalism at the Ohio State University, this is a fascinating guide for anybody interested in becoming a journalist or involved in the world of the printed media....


Global House Price Fluctuations: Synchronization and Determinants

by Hideaki Hirata & M. Ayhan Kose

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second,...


Monetary Transmission Mechanism in the East African Community: An Empirical Investigation

by Hamid Reza Davoodi & Shiv Dixit

Do changes in monetary policy affect inflation and output in the East African Community (EAC)? We find that (i) Monetary Transmission Mechanism (MTM) tends to be generally weak when using standard statistical...


Rediscovering Sustainability: Economics of the Finite Earth

by A.R.G. Heesterman & W.H. Heesterman

Drawing on historical and current data, this thought-provoking book summarises the pathways to the present predicament and maps out strategies to develop financial and economic systems for a sustainable world....


The Little Book of Economics: How the Economy Works in the Real World

by Greg Ip

An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life

Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever...


Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India

by Pranab Bardhan

The recent economic rise of China and India has attracted a great deal of attention--and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent...


Fiscal Consolidation and the Cost of Credit: Evidence from Syndicated Loans

by Senay Agca & Deniz Igan

We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that...


Boosting Competitiveness to Grow Out of Debt-Can Ireland Find a Way Back to Its Future?

by Mwanza Nkusu

This paper investigates the prospects for Ireland to grow its economy against the backdrop of high indebtedness. The paper uses vector autoregressive analysis to explore the interlinkages among competitiveness,...


Competition Among Exchanges and Enforcement Policy

by Cecilia Caglio & Andrea Pescatori

In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs), affects the design of their members' surveillance. We develop a model where two for-profit SROs...


International Reserves and Rollover Risk

by Javier Bianchi & Juan Carlos Hatchondo

Two striking facts about international capital flows in emerging economies motivate this paper: (1) Governments hold large amounts of international reserves, for which they obtain a return lower than their borrowing...


Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons

by Nils Øyvind Mæhle & Haimanot Teferra

Many sub-Saharan African (SSA) countries liberalized their economies in the 1980s and early 1990s. This paper reviews the foreign exchange regime reforms in selected SSA, and their associated macroeconomic policies...


Inward and Outward Spillovers in the Sacu Area

by Jorge Iván Canales Kriljenko & Farayi Gwenhamo

Spillovers from South Africa into the other members of the Souther Africa Customs Union (known as the BLNS for Botstwana, Lesotho, Namibia, and Swaziland) are substantial reflecting sizeable real and financial...


Determinants of Bank Interest Margins in Sub-Saharan Africa

by Calixte Ahokpossi

Financial intermediation is low in sub-Saharan Africa (SSA) compared to other regions of the world. This paper examines the determinants of bank interest margins using a sample of 456 banks in 41 SSA countries....


Wholesale Bank Funding, Capital Requirements and Credit Rationing

by Itai Agur

This paper analyzes how different types of bank funding affect the extent to which banks ration credit to borrowers, and the impact that capital requirements have on that rationing. Using an extension of the...


External Conditions and Debt Sustainability in Latin America

by Gustavo Adler & Sebastian Sosa

Highly favorable external conditions have helped Latin America strengthen its economic fundamentals over the last decade. But, has the region built enough buffers to guard itself from a weakening of the external...