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This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
system: international liquidity and exchange rate management. Despite radical changes since World War II in the market …
Persistent link: https://www.econbiz.de/10013092069
The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central banks pooled interventions – sharing profits and losses – to stabilize the dollar price of gold. Why did it collapse? From at least 1964, the fate of the Pool was in fact tied...
Persistent link: https://www.econbiz.de/10012943606
This article tells how the world achieved a working consensus on the core principles of monetary policy. The story …
Persistent link: https://www.econbiz.de/10012759712
greenhouse gases throughout the industrialized world, and the Clean Development Mechanism -- an international emission …
Persistent link: https://www.econbiz.de/10013224419
We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...
Persistent link: https://www.econbiz.de/10013238743
countries with higher corruption norms, lower government control and effectiveness. Predictions of the level of counterfeiting …
Persistent link: https://www.econbiz.de/10013104734
We analyze a hand-collected sample of 166 prominent bribery cases, involving 107 publicly listed firms from 20 stock markets that have been reported to have bribed government officials in 52 countries worldwide during 1971-2007. We focus on the initial date of award of the contract for which the...
Persistent link: https://www.econbiz.de/10013107995
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model … corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the … eradication of corruption as the final goal. We propose an alternative approach which emphasizes why corruption arises in the …
Persistent link: https://www.econbiz.de/10013108004
In this paper we analyze the link between corruption money laundering and round-trip investment via offshore … the conclusion that there is a strong link between round-trip investment and corruption money laundering …
Persistent link: https://www.econbiz.de/10013082421