It is generally presumed that strengthening the legal enforcement of lender rights increases credit access for all borrowers, by expanding the set of incentive compatible loan contracts. This presumption is based on an implicit assumption of infinitely elastic supply of loans. With inelastic...

Open access journal publishing is currently at a systematic disadvantage relative to the traditional subscription-based journal publishing. A simple, cost effective remedy to this inequity is proposed that would put open access publishing on a path to become a sustainable, efficient system,...

Social Sectors

Since the elections of 2010, Myanmar’s political landscape has changed significantly; the old military junta has officially been dissolved and a new civilian government, led by President Thein Sein, has been inaugurated. Together with the new constitution of 2008 and the...