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advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed …
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the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …
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Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
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The Gulf of Guinea''s tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary...
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