"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...

"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the concentration of domestic equity in any investor's portfolio, which is in contradiction with the benchmark of full diversification in a world mutual fund. Based on Admati's...

Good practices reduce costs and produce timely results; poor practices lead to waste and delays and are often the cause for allegations of corruption and Government inefficiency. Enhanced transparency in procurement through voluntary disclosure under the Right to Information (RTI) Act (2005)' is...

"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion,...

This Institutional Fiduciary Assessment (IFA) of the Road Executive Agency (REA) was commissioned by the World Bank (WB) country and infrastructure sector management in connection with the government's request to provide the World Bank financing for a new Road Infrastructure Project (project)....

Despite the discovery fifty years ago, of drugs that can cure tuberculosis (TB), the disease still remains a top killer worldwide. The note stipulates that one third of the world's population is infected by Mycrobacterium Tuberculosis, and while ninety percent of infected individuals never...

The level of shareholders' expertise and experience needs to be questioned as they wield greater clout and become more deeply involved in strategic issues that should be the board's purview. This misdirected involvement distracts shareholders from their principal and most important role:...

The Government of India (GoI) under its common minimum program is enhancing central funding to states for effective delivery of essential health services to underserved populations residing in the rural areas of the country. Flexible financing is being provided to states under the National Rural...

The World Bank's publication Border Management Modernization (2011) provides policymakers and reformers with a comprehensive 'whole of government' perspective on improving trade facilitation through better border management. This reference and implementation guide has been developed to...