The aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for investment over the period 1970–94 for the United Kingdom, the United States, Germany and Japan, and, second, to challenge conventional views of the international differences in...

The main aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for investment over the period 1970--89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some conventional views of the international...

Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the...

This paper explores the differences that can exist between individual and aggregate loss guarantees in an environment where guarantees are only provided at an aggregate level. The focus is on understanding which traffic parameters are responsible for inducing possible deviations and to what...