In support of the financial-accelerator theory, evidence is found on countercyclical price-cost banking margins possibly explaining the amplifications of business cycles in Pakistan. [WP 41]. URL:[http://www.sbp.org.pk/publications/wpapers/2011/wp41.pdf].

This Policy Brief discusses the proposed amendments to Republic Act No. 7653 (RA 7653). The first part briefly presents the mandate of the Bangko Sentral ng Pilipinas (BSP). It then describes the financial sector’s challenges that necessitate the amendment of the said law. The salient...

The paper reviews India’s macroeconomic performance and policies since 2000. The first section briefly summarizes key macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and investment. The second section considers...

In the world, there are three models that inspire administration of juvenile justice: • The Welfare Model • The Justice Model or Control model - Retributive • The Restorative Model The age of criminal responsibility and treatment of juveniles thus varies under the different...

The effect of globalization on knowledge exchange, which is mediated very largely through scientific journals being published in English, and having their origins in Europe and North America, has resulted in the neglect of regional journals. It has also led to the development of benchmarks based...

Institutions in developing countries, particularly those inherited from the colonial period, are often thought to be subject to strong inertia. This study presents the results of a unique randomized trial testing whether these institutions can be reformed through incremental administrative...

In this context, higher education as well as research and development (R&D) have long since ceased to be purely the domain of the developed Western economies. Numerous regions of the world, some in the emerging markets in particular – the often-cited BRIC countries – are catching...

This paper compares and contrasts the nature and scope of change in the domestic climate governance of India and South Africa between 2007 and 2010. It uses an actor-centered approach to analyze the drivers of change. An exploratory test of fit shows that the concept of “communities of...

The book opens new debates relevant to post-apartheid South Africa, in particular the relationship of Indians and Africans. Contemporary discussion of this sensitive issue is always framed with reference to Gandhi, and many South Africans of Indian origin may be tempted to ask: are we not all...

This paper develops an index for measuring the economic power of governments viewed as entities in themselves. The basic idea is to encapsulate the economic representative power of a nation’s government in the international arena in as simple and parsimonious a manner as possible. For...