Monetary policy in India has moved towards an increasingly flexible exchange rate regime without any explicit framework for an alternative nominal anchor. The failure of monetary policy to anchor inflationary expectations of agents, coupled with negative supply shocks has kept inflation above...

This article considers the role of domestic knowledge capabilities for developing countries and emerging economies, and in particular in the build-up of their national systems of innovation. Using bibliometric methods, we describe the geographic sources of knowledge and the users of Brazilian...

This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms. Specifically, it examines whether a tightening of outflow restrictions helps reduce...

Multinationals from emerging economies are climbing up the global performance ladder successfully at a fast pace. In spite of this, there have not been enough researches done on the subject, especially empirical studies, as pointed out by several authors. This paper tries to fill the gap in the...

The financial sector of emerging economies in Africa is characterized by a non-competitive banking sector which dominates any direct participation of agents in asset markets. Based on a variant of Diamond and Dybvig's (1983) model of financial inter-mediation, we formally explain both stylized...