This paper examines the economic implications of fiscal policy coordination in the West African Economic and Monetary Union (WAEMU) in the light of the January 1994 devaluation of the CFA franc. Diverging tax, tariff, and budgetary politics are identified and it is argued that the resulting...

Economic interdependence offers the potential for raising global welfare, but there is a fuzzy boundary between national interests and global objectives in the economic policy area. This paper examines the boundary area. It concludes that all international economic regimes must entail a mix of...

This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the...

This paper discusses the history of the first 20 years of the IMF. It attempts to recount objectively what were its origins and what have been its plans and activities. The paper contains a chronological account of the evolution of the IMF from the original plans formulated in 1941 to the end of...

Nouriel Roubini ist der neue Superstar der Ökonomie. Kein anderer Ökonom hat so frühzeitig und präzise vor der Wirtschaftskrise gewarnt wie er. Zunächst von Fachkollegen ungläubig bestaunt, haben sich seine Prognosen als äusserst treffsicher erwiesen. In seinem Buch liefert er eine grosse...

Nachkrisenzeit! Halten Sie sich fest: Nichts wird so, wie es einmal war und es wird auch nie wieder so sein. Werfen Sie alle gelernten Denkmuster schnell über Bord, gewöhnen Sie sich an ein neues Weltbild, die Kräfteverhältnisse haben sich über Nacht grundlegend verändert