Jorge Nef responds to one of the most pressing intellectual challenges of the post-Cold War era: the search for an analytical framework that will help us understand this turbulent and chaotic period in human history. His lucid and visionary analysis rests on the concept of mutual vulnerability:...

An examination and critique of the functionalist literature on corruption in the political administration of less developed countries (LDCs) indicate that its claims are without empirical foundation. Its theses with regard to the political, economic and administrative effects in most LDCs...

This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank activity and ownership with country-level data on...