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In recent years Uganda has consistently been one of the fastest growing economies in Africa, leading to a substantial …
Persistent link: https://www.econbiz.de/10013480492
literature does too little to integrate the core ideas of modern political economy with standard economic theory. Little is done …
Persistent link: https://www.econbiz.de/10013114567
We explain economic growth by both politics, i.e. government activity including spending as well as regulation, and institutional quality and its interaction with politics. This extends previous work on institution building in transition by looking at its impact and, at the same time,...
Persistent link: https://www.econbiz.de/10011336727
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The financial crisis of 2008–9 and the ‘Great Recession' that it precipitated highlighted a number of troubling dynamics in contemporary capitalism. Rising financial instability has received particular attention (Obstfeld and Rogoff 2009), as have other social problems such as trends of...
Persistent link: https://www.econbiz.de/10012978221
This paper focuses on the way a crisis needs an institutional actor and champion. Through painfully slow intervention and muddling through, the ECB created new policy space for a European financial and banking system that was on the point of collapse. However the institutional commitment to...
Persistent link: https://www.econbiz.de/10013061407
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The main characteristic of the transition from a planned to a market economy in Russia has been the barter economy … and reduce fiscal obligations. The barter economy is a rational mechanism of survival and protection from new market … the Russian economy has increased the costs of the economic system and new market economy reforms concentrated on monetary …
Persistent link: https://www.econbiz.de/10014065693
This paper first considers the origins of the Irish economic crisis. It discusses where the policy failures occurred, to what extent they were foreseeable, and how certain key financial institutions performed in the run up to the crisis. In the light of this analysis the paper then considers...
Persistent link: https://www.econbiz.de/10009379570