This work is comprised of three essays that attempt to contribute to the task of reviewing the prevailing (solely market-based) contractual approach for sovereign debt restructuring. These essays particularly focus on aspects of intra-creditor coordination. Although the content of these essays...

Governments in developing economies often resort to taxing bank money balances through imposition of high reserve requirements and also by relying on seigniorage to finance their deficits. In the context of those practices, this research reported in this paper attempts to answer the following...

The large and widening gap between economic performance in Eastern European transition economies and those of the former Soviet Union has been dubbed “the Great Divide” by Berglof and Bolton (2002). This paper provides a rationale for the gap based upon the concept of financial repression....

Universities are increasingly being encouraged to take a leading role in entrepreneurial creation, whilst the entrepreneurship literature recognises the importance of economic development policy. Recent research has focused on evaluating roles and interactions of government policy, Higher...

This study is about marketing of Uapaca kirkiana fruit in Zambia, a fruit that has great economicvalue especially among the rural and urban poor. It contributes to general food security. Insouthern Africa, farmers and other stakeholders have identified Uapaca as a priority species...

Most markets have evolved as buyers and sellers constantly search for ways to create value, however this has not occurred naturally in all areas of the economy – markets are missing for some goods, including the environment. In such cases, transaction costs linked to property rights, asymmetric...

In 1994 one of the most radical institutional restructurings in the U.S. government's provision of critical weather information took place after eight unsuccessful attempts. A presidential decision directive merged weather data collection by satellites operated by the Department of Defense for...

The main focus of this paper is to analyze whether a country-specific commodity price index and a food production index have strong explanatory power on determining the volume of United States foreign food aid flows to low-income countries. The study uses panel data for seventy-six countries...

The oil industry is the richest and most influential industry in the world. The industry has moved the fates of nations. Oil is required to fight wars and exert power, and the restriction of this energy source is paramount to the restriction of movement, control, and in the end, power....

Before wage-pushfulness can be empirically related to the organizational structure of trade unions, the framework conditions that determine their perceived set of options must be adequately conceptualized. Although rising union density tends to increase wage pressure, the greater...