In studies concluding that public debt may hamper GDP growth, the debt tipping effects are estimated as if there were a single global currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do...

On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...

State and society responses to China's social welfare needs : an introduction to the debate / Shawn Shieh and Jonathan Schwartz -- Beyond corporatism and civil society : three modes of state - NGO interaction in China / Shawn Shieh -- Social welfare responses in noncrisis situations -- The role...