In this Paper we focus on the different historical regime experiences of the core and the periphery. Using conventional … resort to capital controls. Thus the key distinction between the exchange rate regime of core and periphery countries both … suggests that it was not the exchange rate regime followed that mattered for deeper integration but the presence of capital …

properly designed - leniency may simultaneously provide an effective governance mechanism for occasional sequential illegal …

reciprocal exchange to lifetime employment, from relational governance to corruption/collusion. We study how agents …

Recent events in several countries have underscored the importance of good governance in private occupational pension …. Under complete contracting, governance can be shown to be neutral: DC and DB plans differ only on risk allocation. If …

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan … also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a … public governance literatures, where present. Our analysis highlights a striking variety in central bank governance …