The interrelationship between financial constraints and firm activity is a hotly debated issue. The way firms cope with financial constraints is fundamental to the analysis of monetary transmission, of financial stability and of economic growth and development. The CBI Industrial Trends Survey...

The Divided Economy of Mandatory Palestine. By Jacob Metzer. Cambridge: Cambridge University Press, 1998. Pp.xxii + 275. £40. ISBN 0 521 46550 8 The Political Economy of Market Reform in Jordan. By Timothy J. Piro. Lanham, MD: Rowman & Littlefield, 1998. Pp.xvi + 152. $54.00 and $19.95. ISBN 0...

Distinguishing between risk and uncertainty, this paper draws on the psychological literature on heuristics to consider whether and when simpler approaches may out-perform more complex methods for modelling and regulating the financial system. We find that: (i) simple methods can sometimes...

The Bank of England is currently experiencing its most important institutional and functional changes in a generation. Failings in pre-crisis arrangements have prompted the Government to introduce wholesale changes to the UK regulatory landscape which come into force in April 2013. This...