Some economists have argued that the process of disintegration of the world economy between the two World Wars led to …

The paper discusses recent world income inequality calculations by Sala- i-Martin. It shows that the two main problems … of income augmented by a constant shift parameter and not a distribution of income among world citizens. …

The paper shows that the current view of globalization as an automatic and benign force is flawed: it focuses on only … one, positive, face of globalization while entirely neglecting a malignant one. The two key historical episodes that are … adduced by the supporters of the “globalization as it is” (the Halcyon days of the 1870-1913, and the record of the last two …

The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …

rate spread between the Russian and U.S. government bonds, changes in exchange rates and changes in world energy prices had …

The research presented in this paper is undertaken in response to the debate on capital flight from Russia. This debate … purpose of the paper is to examine capital flight from Russia within the institutional environment in which it occurs and to … argue that in Russia’s case capital flight might be considered not just a consequence, as some researchers have argued …