This study examines central bank independence in developing countries of Latin America and Asia as well as selected developed countries. Many countries around the world, both developed and developing, have accepted the idea of central bank independence over the last several decades, so central...

Like the Bank of Japan (BOJ) a decade ago, the U.S. Federal Reserve (Fed) has recently taken a number of unprecedented steps to stabilize its foundering financial system. This paper describes the Fed’s and the BOJ’s responses to their countries’ crises, highlighting the similarities and...

We identify the impact of short-term interest rates on credit risk-taking by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was mostly decided abroad. Discrete choice, within borrower comparison and duration analyses show that...

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....

Incluye bibliografía ; The role that domestic and international financial conditions have in shaping developing countries’ governments’ debt structure is structurally estimated using data on individual bond issuance. The structural model, which uses financial and demographic conditions to...

Antiretroviral roll out has become a topic of concern to the public and the business community. Survival for people living with AIDS depends on antiretroviral treatment. To successfully roll out the provision of antiretroviral, resources from all sectors of society need to be harnessed. This...

ENGLISH ABSTRACT: The South African long-term insurance industry is currently believed to be at animportant crossroads in its existence. The industry is haunted by concerns abouthigh cost structures, a lack of transparency in disclosure to policyholders, unfulfilledexpectations of policyholders...

99 leaves.

This thesis attempts to extend the research in the Corporate Social Performance – Corporate Financial Performance relationship. The studies conducted previously display mixed findings with no unified evidence of the relationship direction and impact. This study reviews the existing literature...