Christoph Michael Hindermann uses a statistical approach to analyze the impact of economic freedom on state legitimacy. Based on multiple regression models, the author not only extracts the determinants of legitimacy but also shows that rule of law is the most important area of economic freedom...

This book presents an overview of the economics and politics implemented in the European Union and especially the Eurozone during the crisis of 2008-2012. Although it focuses on these four years, the analysis starts from the establishment of the European Union and covers the period up to the...

This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that...

This book considers the issue of exchange rate policymaking from a political economy perspective. It illustrates both theoretically and empirically how domestic political and institutional incentives shape exchange rate policies in developing countries. Empirical analysis is based on a panel...

This book offers a concise but thorough analysis of the International Monetary Fund reform debate. Since the advent of the Asian financial crisis in the late 1990s, a lengthy deliberation has ensued over whether the IMF should be reformed, abolished, or left as is. The authors approach this...

Introduction -- Determinants of Institutional Quality: a Case Study of IMF Programme Countries -- Institutional Quality, Macroeconomic Stabilization and Economic Growth: a Case Study of IMF Programme Countries -- IMF Programmes and Institutional Quality Determinants: Economic Scenarios in...

Liam Clegg provides an innovative reading of where power lies in the institutions' concessional lending operations, drawing its focus on shareholders and stakeholders from staffs' own understandings of their operational environments

This book addresses the recent debate about copyright law and its impact on the distribution of scientific knowledge from an economic perspective. The focus is on the question whether a copyright regime or an open access regime is better suited to the norms and organizational structure in a...

Innovationen als treibende Kräfte für die Entwicklung von Wirtschaft und Gesellschaft -- Neuerungen in der Wirtschaft: Das Konzept „Innovation“, wirtschaftliche Dynamik und Innovationsprozesse in Netzwerken -- Erfindungen, Schutzstrategien und volkswirtschaftliche Auswirkungen -- Diffusion...