The quot;Asian Crisisquot; of 1997-98 affected all the quot;emerging marketsquot; open to capital flows. Measures of corporate governance, particularly the effectiveness of protection for minority shareholders, explain the extent of exchange rate depreciation and stock market decline better than...

The quot;Asian Crisisquot; of 1997-98 has affected almost all the quot;emerging marketsquot; open to capital flows. Measures of corporate governance, particularly the effectiveness of protection for minority shareholders, explain the extent of stock market decline better than do standard...

Children in many extremely poor, remote regions are growing up illiterate and innumerate despite high reported school enrollment ratios. Possible explanations for such poor outcomes include demand - for example, low perceived returns to education compared to opportunity cost; and supply - poor...