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Many countries have experienced major economic changes since the mid-1980s as a result of the deregulation and liberalization of national financial systems – two key aspects of globalization – with some experiencing boom and bust in rapid succession. The small Northern European country of...
Persistent link: https://www.econbiz.de/10003756270
In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a...
Persistent link: https://www.econbiz.de/10002113095
The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are...
Persistent link: https://www.econbiz.de/10003408061
Currency boards, more so than other exchange rate regimes, have come in and out of fashion. Defined by a fixed exchange rate with full convertibility, central bank liabilities backed with foreign exchange reserves, and a high cost of exiting the regime, currency boards were common in colonial...
Persistent link: https://www.econbiz.de/10003503129
future pension and social security obligations. In this timely CESifo volume, Robert Fenge and Pierre Pestieau examine …
Persistent link: https://www.econbiz.de/10003148694
Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the …
Persistent link: https://www.econbiz.de/10002237421
The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market...
Persistent link: https://www.econbiz.de/10013481444
In 2000, the average driver in US metropolitan areas endured 27 hours of traffic delays, a rise from 7 hours in 1980. In many other countries, traffic delays are considerably worse than in the United States, and in developing countries urban traffic congestion is increasing with alarming...
Persistent link: https://www.econbiz.de/10013481486
Die Volatilität, die in Ländern mittleren Einkommens (LMEs) mit einer Öffnung der Kapitalmärkte in den vergangen Jahren einher ging, führte bei vielen Kritikern dieser Politik zu der Forderung, die stark ausgeprägten Konjunkturzyklen und Krisen (Boom-Bust Zyklen) durch eine...
Persistent link: https://www.econbiz.de/10013482034