Die japanische Wirtschaft zeigt nach der Natur- und Atomkatastrophe Erholungserscheinungen. Das Bruttoinlandsprodukt ist wieder kräftig gestiegen. Dazu haben nicht zuletzt staatliche Ausgabenprogramme beigetragen, die die binnenwirtschaftliche Nachfrage stützen. Allerdings hat sich dadurch die...

This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...

This study compares activity-based costing (ABC) model and traditional costing method in Malaysia. Activity based costing (ABC) which was developed into the manufacturing/service sectors in Malaysia. It calculates the cost and performance of activities, resources and cost objects. It can be...

Most road accidents in Chile (causing about 1,600 deaths per year) are linked to speeding. A widely used control mechanism all over the world, the speed detectors, enabled in the middle of the 1990’s was then suddenly prohibited in Chile through the enactment of a law justified on the idea...

Through this paper the author discusses the phenomenon of excessive Government borrowing and the factors that lead Governments to be so dependent on financial markets. It is argued that the combined effect of unregulated financial intermediaries, hedge funds and Credit Rating Agencies in...

n agents located along a river generate residues that then require cleaning to return the river to its natural state, which entails some cost. We propose several rules to distribute the total pollutant-cleaning cost among all the agents. We provide axiomatic characterizations using properties...

Following the extra ordinary decision to bail in the unsecured depositors and restructure the two main banks and the near complete destruction of the country’s economic business model as an International Financial Centre, the author considers the changes necessary to rebuild the economy of...

The era of US state branching deregulation started in 1970 and ended up with the enactment of the Riegle Neal Act of 1994. One of the purposes of the branching restriction was to avoid bank concentration. The following paper addresses the influence of the state deregulation on commercial...

Mit der Krise im Euroraum hat die Frage nach der institutionellen Ausgestaltung der Währungsunion an Bedeutung gewonnen. Ein Problem im Hinblick auf die längerfristige Stabilität des Euroraums ist das Fehlen von Mechanismen, die nur in einzelnen Ländern auftretende konjunkturelle Schocks...

Besides providing enhanced macroeconomic and financial stability, a commitment to optimum monetary policy conduct in a developing economy like Nigeria could better deliver greater long-run stability of both internal and external macroeconomic factors. The need for an ordered monetary policy...