Chapter 1: Introduction: Connecting Elinor C. Ostrom and Viviana A. Zelizer, Stefanie Haeffele and Virgil Henry Storr -- Chapter 2: Why and How do Social Relations Matter for Economic Lives? Viviana A. Zelizer -- Chapter 3: What Relational Work Brings to the Study of the Political Economy,...

At present, the tourism industry is not one of the strategic domestic industries of the Romanian economy. Accounting for 3-3,5% of GDP, tourism doesn’t have a significant impact on the country’s economic and social welfare or on the environment. However, we can argue that tourism accounts...

This paper discusses 2013 Article IV Consultation highlights slower economic performance and financial risks in Botswana. The output growth is expected to remain broadly unchanged in 2013 as strong nonmining sector growth would offset the subdued mining output. Banks’ high exposure to...

Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently into play. The global financial crisis demonstrated that a sharp deleveraging can be transmitted to emerging markets through the bank lending channel to a slowdown in credit...

We assess the macroeconomic effects of a sovereign restructuring in a small economy belonging to a monetary union by simulating a dynamic general equilibrium model. In line with the empirical evidence, we make the following three key assumptions. First, sovereign debt is held by domestic agents...