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Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto

Nuri, Vladimir Z. - EconWPA - 2002

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

Persistent link: https://www.econbiz.de/10005126382

UNDERGROUND ACTIVITY AND INSTITUTIONAL CHANGE: PRODUCTIVE, PROTECTIVE AND PREDATORY BEHAVIOR IN TRANSITION ECONOMIES

Feige, Edgar L. - EconWPA - 2003

This paper examines why some transitions are more successful than others by focusing attention on the role of productive, protective and predatory behaviors from the perspective of the new institutional economics. Many transition economies are characterized by a fundamental inconsistency between...

Persistent link: https://www.econbiz.de/10005062456

"Community Control in a Global Economy: Lessons from Mexico's Economic Integration Process"

Wise, Tim; Waters, Eliza - EconWPA - 2001

The North American Free Trade Agreement appeared to promise economic growth for Mexico and improved living conditions for its people. While the Mexican economy has recovered significantly from its post-NAFTA collapse, there is mounting evidence that many of the pre-NAFTA warnings of worsening...

Persistent link: https://www.econbiz.de/10005408020

Aggregate Scale Economies, Market Integration, and Optimal Welfare State Policy

Molana, Hassan; Montagna, Catia - EconWPA - 2005

Using a two-sector-two-country model with aggregate scale economies and unionisation, we show that optimal welfare state policy entails positive levels of unemployment benefits under free-trade and capital mobility. In this setting, economic integration does not reduce the revenue raising...

Persistent link: https://www.econbiz.de/10005408070

Inflation and Inequality

Albanesi, Stefania - EconWPA - 2002

Cross-country evidence on inflation and income inequality suggests that they are positively correlated. I explore the hypothesis that this correlation is the outcome of a distributional conflict underlying the determination of fiscal policy.

Persistent link: https://www.econbiz.de/10005561158

Monetary Policy under Sudden Stops

Cúrdia, Vasco - EconWPA - 2005

Emerging markets are often exposed to sudden stops of capital inflows. What are the effects of monetary policy in such an environment? To answer this question, the paper proposes a model with the typical elements of an emerging market economy. Credit frictions generate balance sheet effects,...

Persistent link: https://www.econbiz.de/10005062691

Monitoring Costs and the Mode of International Investment

Lin, Chu-Chia S.; Png, Ivan P.L. - EconWPA - 2002

direct investments in Mainland China provide robust support to the hypothesis. A project that was located 1000 kilometers …

Persistent link: https://www.econbiz.de/10005134453

Half a World: Regional inequality in five great federations

Milanovic, Branko - EconWPA - 2004

The paper studies regional (spatial) inequality in five most populous countries in the world: China, India, the United … issue of overall inequality as perceived by citizens within a nation. China and India show rising inequality in terms of … vs. Bihar, and Shandong vs. Sichuan provide nice examples of such outcomes in India and China. Higher inflation and …

Persistent link: https://www.econbiz.de/10005556224

Mass Attitudes Toward Financial Crisis and Economic Reform in Korea

Hayo, Bernd; Shin, Doh - EconWPA - 2002

This paper addresses an aspect of the financial crisis in South Korea that has not been dealt with in depth. The question that will be analyzed is: how does the general population perceive the crisis? In attempting to answer this question we rely on new representative survey data, covering the...

Persistent link: https://www.econbiz.de/10005407644

Hayo, Bernd; Shin, Doh Chull - EconWPA - 2002

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as perceived by its citizens. In the eyes of the Korean people,...

Persistent link: https://www.econbiz.de/10005407713