Social trust positively contributes to secondary education enrollment rates in a cross-section of countries. Country-specific characteristics that are significant in explaining secondary school enrollment include the degree of income inequality and the percent of the population identified as Muslim.

We provide some evidence consistent with a heterogeneous credit channel of monetary policy transmission in the European Union. Using the techniques of cointegration and Error Correction Models, we have shown that the external finance premium is one important leading indicator of real economic...