1. The sixth Lord Robbins memorial lecture : reform of the international monetary system / Robert A. Mundell -- 2. The state of the world economy / introduced by Paul A. Samuelson -- 3. The euro in Europe and the world / introduced by Christopher Johnson -- 4. Monetary policy and economic growth...

The contributions to this volume offer an insight into the way that economists analyse the causes of money (mis)management in the US, Latin America, Europe and Japan, and prescribe stabilizing reforms. The mechanisms that link monetary policy - including foreign exchange regimes and the...

"The economies of small developing states tend to be more fragile than those of large ones. This paper examines this issue in a dynamic context by focusing on the impact of the brain drain on North-South trade-related technology diffusion and total factor productivity growth in small and large...

"This paper analyzes the economic growth impact of organized political violence. First, the authors articulate the theoretical underpinnings of the growth impact of political violence in a popular model of growth under uncertainty. The authors show that, under plausible assumptions regarding...

"Aid is expected to promote better living standards by raising investment and growth. But aid may also affect institutions directly. In theory, these effects may or may not work in the same direction as those on investment. The authors examine the effect of aid on economic institutions and find...

"The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...

"The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of development. They then use these models to assess the...