international financial decision-making, also as it relates to the legitimacy of the international system in the eyes of the public …

the preservation of the central bank’s legitimacy requires that a clear line be drawn between the central bank’s provision …

. Outsourcing decisions then balance flexibility gains against hold-up costs of opportunistic behaviour by outside contractors. In …

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

simulation to provide substantial stabilization for the exchange rate while retaining considerable flexibility and robustness in …