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The existence of a self-regulating arbitrage mechanism under the gold standard has been tradi-tionally considered as one of its main advantages, and attracted a corresponding research interest.This research is arguably relevant not only to test for the effciency of the gold points, but also...
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If we are to learn the right lessons from the tragedy ofNandigram, then we must ensure that the government is involvedin the land acquisition process and that we correctly deal withthree sets of issues: the size and form of compensation, theeligibility for compensation and the credibility of the...
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In a qualitative leadership study conducted in the German-speaking part of Switzerland thequest to be oneself i.e., to be authentic was found to be central for leadership. We will presentthe results in detail and highlight the difficulties leaders experience when trying to beauthentic in their...
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This paper considers the currency composition of sovereign debt in the context of risksharingthrough excusable defaults …. It is shown that monetary credibility is not asufficient condition for borrowing in domestic currency. With real exchange … rate risk,debt denominated in a borrowing country’s currency can be too state-contingent tosupport international lending on …
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The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility …
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