-not (necessarily) as a source of development finance). The case for such taxes is strong: the tax burden on international aviation is …

stronger shareholder protection and if the target’s industry is more competitive. We conclude that the international market for … corporate control promotes the adoption of better corporate governance practices around the world …

This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and … of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the … analysis of international economic interdependence focusing on income, consumption, and international borrowing. A simulation …

, monetary and fiscal issues, global liquidity, and national and international economic developments …

This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian dynamic latent factor …

In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been … block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the … France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked …