The estimation of an ordered probit model for currency reforms trying to end 31 hyperinflations and three big inflations of the 20th century shows that the introduction of an independent central bank and the adoption of a credibly fixed exchange rate are crucial for the success of a currency...

Political economy theory expects politicians to use budget deficits to engineer an election-timed boom, known as the political business cycle. We challenge and contextualize this view by incorporating the financial constraints faced by governments into an electoral framework. We argue that the...

This paper attempt to survey some political considerations that ended in the launching of the Summit of the Americas. This is a manifestation of the new uprising showed by the globalization process. We here by put into perspective economic assumptions that were conceived to launch the free trade...

Knowledge, the multinational firm, and the free flow of financial capital seem to be the new and perhaps leading actors in the emerging 21st century global economy. From a comparative basis and relating this variables we attempt in this paper to study and explore what we consider are basic...

This paper deepens into the initial conditions that explain about the expansion of the nation-state particularly referring to the Colombia case, indicating how some political and economic facts present during the 19th century led to a first globalization attempt. This paper also reflex the...

Technological development and enlargement of investment currents during the second half of the 19th century and early twentieth century started an era of emerging global economy. Conditions are now given so a global market will spread during the 21st century, where the Nation-state will have to...

Colombia as many other emerging economies in the world, is facing new challenges and opportunities for growth, as a worldwide process of globalization that affects political and economic foundations is taking place. A historical comparative study is considered an important approach to framing...

A deep archive enquire reveals to the author that the management of the Colombian Coffee Industry during the last quarter of a century did not accomplish the best management practices as the Williamson and Coase fundamental transaction cost theorem proclaimed. This iron management theorem was...