explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national … currencies. Hence, this paper argues that abandoning national currencies to adopt a hard currency can significantly reduce the … implicit subordination to the policymaking institutions of the hard currency issuer. Their access to international capital …

States' position as issuer of the world's premiere reserve currency and supremacy in global finance explain the related … glut" observed in the era of advancing financial globalization. The supposed paradox is that the developing world has …

, primarily during the 2000s, when the global Gini coefficient dropped nearly 10 points and the earnings share of the world …

unemployment among job-seekers. Using exact matching on labour market history and personal characteristics we find positive effects …

In labor markets with worker and firm heterogeneity, the matching between firms and workers may be assortative, meaning …-emplyee data from Portugal. Using dynamic panel data methods, we quantify a firm-specific productivity term for each firm, and we … relate this to the skill distribution of workers in the firm. We find that there is positive assortative matching, in …