This paper examines the role of structural indicators in the process of multilateral surveillance of structural policies. An analytical framework is suggested that is based on welfare economics and which focuses on efficiency considerations. Potential indicators are examined for six areas --...

The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In...

Contents: Preface xvi ahmad hassan ahmad, david t. Llewellyn and victor murinde -- 1. Introduction: Financial inclusion - an overview of key issues / David T. Llewellyn -- 2. Public policy for financial inclusion / David T. Llewellyn -- 3. Financial sector development and financial inclusion in...

Recommended readings (Machine generated): K.J. Arrow [1953], (1964), 'The Role of Securities in the Optimal Allocation of Risk-Bearing', Review of Economic Studies, 31 (2), April, 91-6 -- Peter A. Diamond (1967), 'The Role of a Stock Market in a General Equilibrium Model with Technological...

The academic literature on pension governance is sparse and this book will fill some important gaps by bringing together original contributions from around the world on subjects related to the area. The book initially lays out the main frameworks for pension fund governance and then goes on to...

This critical and thought-provoking book explores the causes and consequences of Europe's failed political and economic institutions. Europe's recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European...

Barry Eichengreen, Ricardo Hausmann and Ugo Panizza (2007), 'Currency Mismatches, Debt Intolerance, and Original Sin: Why They are Not the Same and Why it Matters', in Sebastian Edwards (ed) (ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences,...