Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and...

This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were the two driving forces of the growth process. FDI plays...

Angeregt durch die japanischen Exporterfolge und die Erfahrungen des MITI ist insbesondere in den USA die Frage nach einer strategischen Handelspolitik oder nach_einem "industrial targeting" in die Diskussion gekommen. Im Rahmen jdieser Überlegungen wird erörtert, ob eine Volkswirtschaft die...