between the state and International organizations. Her new theory is illustrated with unique hands-on experience in the case … organizations: the Bretton Woods Institutions (IMF, World Bank) and MNCs. This piece extends and generalizes "Bargaining to lose …" providing economic models that validate the original conclusions, and exploring its implications for the global commons: the …

subject to self-fulfilling variations in the world real interest rate. Those expectation-driven changes in the borrowing cost … asset prices, GDP, consumption, investment and employment). When firms around the world benefit from unexpectedly low debt … internationally. Such a stylized model thus offers one way to rationalize both the existence of world business-cycle factor documented …

The problem of the commons is more important to our lives and thus more central to economics than a century ago when … the commons. Within the realm of natural resources, there are special challenges associated with renewable resources …. Critical commons problems are also associated with environmental quality. A key contribution of economics has been the …